How to Value a Company: From DCF to LBO

In 2012, Facebook made headlines by acquiring Instagram for $1 billion. Fast forward a decade, and it is estimated to be worth several hundred billion dollars...

In 2012, Facebook made headlines by acquiring Instagram for $1 billion. Fast forward a decade, and it is estimated to be worth several hundred billion dollars...

Introduction You’ve heard of Goldman Sachs and Morgan Stanley—but do you actually know what they do all day? For most people, “investment banking” conjures images of skyscrapers, designer suits, and billion-dollar deals sealed over espresso in Manhattan boardrooms. It’s a…

In 2023, M&A deals accounted for over $2 trillion in transactions worldwide. Yet, between 60% and 75% of these operations fail...