An employee stock ownership plan (ESOP) can facilitate the transfer of a business to the owner’s children or employees over a period of years in a tax-advantaged way. However, the IRS… Read More
Reebok is owned by Authentic Brands Group, a group that in 2020 generated $489 million in revenue and comprised over 30 brands spanning various lifestyle categories. The principal shareholde… Read More
Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. This week, we take a look at one startup layoff, another offering an employee ownershi… Read More
Could Microsoft buy Nintendo? It’s an idea people throw around as a joke in the context of the video game industry reaching peak consolidation. But could that actually happen? Thanks… Read More
One of the first critical decisions when selling your accounting practice is whether to sell internally or externally. We’ll explain what practice owners need to know about selling int… Read More
Companies strive to achieve sustainable growth and success in increasing competition from both domestic and international rivals. In order to stay ahead of the curve, businesses need to be a… Read More
LLP: Limited Liability Partnership
A Limited Liability Partnership (LLP) is a type of business structure that combines the benefits of a partnership and a limited liability company. It is… Read More
What is a Leveraged Buyout?
A leveraged buyout (LBO) is a financial term that refers to a situation where a firm or an investor borrows a significant amount of money to buy another firm. It… Read More
KKR & Co. Inc. Overview
KKR & Co. Inc. is a global investment firm that manages multiple asset classes like private equity, real estate, energy, credit, and infrastructure.
The… Read More
An IVC Evidensia veterinary practice in Sweden may not appear to have much in common with a Vena Energy solar project in Taiwan, or GardaWorld security personnel at a Canadian ice-hockey g… Read More
Nevertheless, in 2007, the Blackstone Group bought Mr. Zell’s firm — then known as Equity Office Properties Trust — for $39 billion. His own fortune was estimated at nea… Read More
Mergers and Acquisitions
Mergers and acquisitions (M&A) refer to the process of combining two or more companies to form a single entity or to purchase one company by another. M&A… Read More
On the surface, the luxury furniture brand Maker&Son seems to offer the perfect retail experience, if you can afford it. Its website shows a young woman with her eyes shut, resting on… Read More
A corporate merger is when two or more companies combine to form a new enterprise. They are typically large-scale, mutually beneficial deals. The aim behind every merger is to create a new c… Read More
In 2021, The Brewers Association, a national trade organization representing small and independent brewers in the USA, ranked the top 30 largest beer companies by sales volume. The top 30 br… Read More
The private equity and venture capital industries are very different; and yet, they share a number of similarities.
This can make things quite confusing if you’re interested in purs… Read More
This article is part of my series on the investment banking industry and careers within it
Investment banking exit opportunities
For those who want to leave the industry, investme… Read More
The 10 Richest People in the WorldBillionaires play an outsized role in shaping the global economy, politics, and philanthropic.The individuals on this list belong to an even more excl… Read More
French national Bernard Arnault is the chair and CEO of LVMH, the world’s largest luxury goods company. LVMH brands include Louis Vuitton, Hennessey, Marc Jacobs, and Se… Read More
Summary: 35 min
Book reading time: 7h29
Score: 9/10
Book published in: 2019 (it was published earlier, but the version I read is from 2019).
Takeaway
A term sheet ex… Read More
Elon Musk has told a trial over his $56 billion Tesla pay packet that the electric car maker was ‘extremely unlikely’ to succeed when the board signed off the huge reward. H… Read More
MBOs, or management buyouts, are suitable for a variety of industries, including turning employees into entrepreneurs, monetising owners’ shares, spinning off departments from their pa… Read More
Ford CEO Jim Farley poses next to a model of the all-new Ford F-150 Lightning electric pickup truck at the Ford Rouge Electric Vehicle Center in Dearborn, Michigan, April 26, 2022.
Rebec… Read More
Preparing for interview questions
Note: This article is one part of a broader series on how to prepare for growth equity interviews
Every growth equity firm and interviewer will choose… Read More
A senior engineer at Twitter has admitted the social media giant has a strong left-wing bias and they routinely censor conservatives.Siru Murugesan was recorded saying the company culture is… Read More
Surveys will tell us that about 25 percent of all business transfers happen between owner and child. Of course, this isn’t an owner’s only option. An owner may choose to s… Read More
Management Buyout Definition
A management buyout (MBO) is a type of acquisition where the management of the company acquires the ownership of the business by increasing their equity stake o… Read More
Many people say a business plan is a key element for any start-up business. But in many cases, not just an operating plan, but a business exit strategy needs to be considered upfront… Read More