Tag Archives: DCF

Private Equity Buyout Valuations and Discounted Cash Flow 

By | October 5, 2022

Private equity firms have been a mainstay of the mergers and acquisitions (“M&A”) industry for decades.  Private equity firms are in the business of acquiring companies and subsequently selling them, ideally at a higher price.  Those returns are then distributed to the investors of the underlying private equity fund after the private equity firm has… Read More »

Summary of “The Strategic Choice of Peers in M&A Valuations”

By | August 12, 2021

The vast majority of mergers and acquisitions (M&As) in recent years employ fairness opinions (FOs). FOs are provided by an outside advisor (typically an investment bank) and reflect the advisor’s opinion that the terms of the transaction are “fair” to the shareholders from a financial perspective. To justify their opinion, the advisor performs valuation analyses… Read More »