Buy Side vs Sell Side
What’s the Difference Between the Buy Side vs Sell Side? Buy-Side vs Sell Side. The Buy Side refers to firms that purchase securities and includes investment managers, pension funds, and hedge funds. The Sell-Side refers to firms that issue, sell, or trade securities, and includes investment banks, advisory firms, and corporations. Sell-Side firms have far...
Debt Capital Markets (DCM) Banker Career Profile
What is a Debt Capital Markets Banker? A DCM banker works in an investment bank on the sell-side and is the product expert that advises borrowers and potential borrowers on the best way to raise new debt and manage their outstanding debt. In most cases, an investment banker would be the first to identify the...
Buy Side vs Sell Side M&A
Buy-Side vs. Sell-Side in Mergers and Acquisitions (M&A) If you are interested in holding an investment banking job, you often find people talking about the buy-side versus the sell-side. You may not have asked that question yet, but perhaps you have heard exchanges about the buy-side and the sell-side M&A. So, how do these two...
Investment Banker in Sell-Side M&A
Role of the Investment Banker in Sell-Side M&A As an investment banker in the mergers and acquisitions space, there are two things that one does – one is to pitch their bank to prospective clients and get business from them by engaging in the buy or sell-side M&A, and another is to execute the deals...
Investment Teaser Template
Investment Teaser Template This investment teaser template will help you summarize a potential sales process and highlight the unique selling points of the company. Here are the screenshots of the investment teaser template: Download the Free Template Download CFI’s Excel template to advance your finance knowledge and perform better financial analysis. What is an Investment...
Section 368
Overview and Fundamentals of Section 368 Section 368(A)(1) outlines a format for US tax treatment of corporate reorganizations, as described in the Internal Revenue Code of 1986. The reorganization transactions, however, must meet certain legal requirements to classify for the favorable treatment. Additionally, there has been further precedent outside of the codified requirements that have developed...
Investment Banking Job Description
Investment Banking Job Description This investment banking job description was inspired by the responsibilities outlined by a list of investment banks including Goldman Sachs, Morgan Stanley, Credit Suisse, UBS, and Barclays. To ensure you have the skills required for the job, check out CFI’s investment banking courses now! Key Responsibilities Development of various types of financial models to...
CIM - Confidential Information Memorandum
What is a Confidential Information Memorandum (CIM)? A Confidential Information Memorandum (CIM) is a document used in mergers and acquisitions to convey important information about a business that’s for sale including its operations, financial statements, management team, and other data to a prospective buyer. This guide will break down all the various sections that are included in most CIMs...
M&A Synergies
What are M&A Synergies? A synergy arises in a merger or acquisition when the combined value of the two firms is higher than the pre-merger value of both firms combined. For example, if firm A has a value of $500M, firm B has a value of $75M, and the merged firm has a value of...
What are Synergies? Revenue, Cost, and Financial Synergies Explained
What are Synergies? Synergies arise in a merger or acquisition (M&A) when the merged value of the two firms is higher than the pre-merger value of both firms simply added together. For example, if firm A has a value of $500 million, firm B has a value of $75 million, but the combined value of...
