The Enterprise Value to Equity Value bridge is the most important concept in transaction purchase price calculations. The key point to understand is that transactions …

Adjusted EBITDA is calculated by taking Reported EBITDA and adjusting for any one-off or exceptional items. It is commonly used in acquisitions with enterprise value …

Mergers and acquisitions (‘M&A’) is a term used to describe the purchase or consolidation of companies or trade and assets.  Types of acquisitions Acquisitions either …

Financial due diligence (‘FDD’) is a review of a Target company’s financial information prior to a proposed transaction. FDD is often used to support deal …

Discounted Cash Flow (‘DCF’) is the most common valuation method employed by those in private equity or investment banks. The technique involves calculating the present …

The ‘Locked Box’ completion mechanism is an increasingly popular closing mechanism for M&A transactions, particularly in Europe. In the US, the traditional ‘completion accounts’ process …