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Investopedia Video: Private Equity Fundamentals
 
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Private equity refers to company ownership by a specialized investment firm. Typically, a private equity firm will establish a fund and use it to buy multiple businesses, with the goal of selling each one within a few years at a profit. Private equity firms will often target an underperforming business and, after purchasing the company, use their management expertise to improve profitability.
Views: 99008 Investopedia
What is private equity? - MoneyWeek Investment Tutorials
 
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Firms seeking new capital will often turn to private equity to get it. Tim Bennett explains why, and also why the industry has taken such a battering in recent years.
Views: 165561 MoneyWeek
5. How do Private Equity Firms and its partners make money?
 
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How do Private Equity Firms and its partners make money? Who are these GPs that we discussed in our last video (Video #4)? They are the private equity firms. Some of the largest private equity firms in the world are Carlyle Group, TPG, KKR, Blackstone and Apollo. Private equity firms make money primarily through two sets of fees: management fees and performance fees. Management fees are a percentage of assets which are meant to cover office rent, employee salaries and other types of day-to-day expenses. Traditionally,in private equity, these fees have been 2% of assets. As private equity firms have grown (and continue to grow) larger, management fees for the mega funds decreased below 2%. In venture capital, the smaller funds might have management fees higher than 2%. The second type of fee is a performance fee, also known as carried interest or “the carry”. This fee is used to compensate the GP for its performance. Occasionally, there is a hurdle rate which guarantees the investor be paid a fixed amount before the GP can get any part of the fee (the performance fee is typically 20% of the upside). Let’s look at an example where we have a performance of 20%, a hurdle rate of 8% and a GP catch up clause. The first 8% of performance will go to the LP; the next 2% will go to the GP. The remainder of the returns will be divided 80% to the LP and 20% to the GP. With a 2% management fee and a 20% performance fee, the private equity fund is said it to be charging “two and twenty”. In addition to management and performance fees, we also have other various small fees such as transaction and/or monitoring fees. Through all these fees, the founders of these top private equity firms have made quite a lot of money. In fact, many private equity founders are billionaires that have done some great things with their money. Among his many donations, Steve Schwartzman from Blackstone has given $150 million to Yale University as well as $100 million to the New York public library to fund renovation and expansion. In addition to many other projects, Henry Kravis from KKR has given $125 million dollars to the Columbia Business School and a $100 to the Memorial Sloan Kettering Cancer Centre to fund cancer treatment and research. And, finally there’s David Rubenstein from The Carlyle Group. Rubenstein signed the Giving Pledge that was originated by Bill Gates and Warren Buffett encouraging wealthy individuals to give away half of their earnings, either during their lifetime or through their will. With a net worth of almost $3 billion, David Rubenstein is going to be doing a lot of giving!
Views: 23942 Steve Balaban
How private equity works
 
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Updated version available. Click here to watch: https://youtu.be/Qhf4KSeSWIE What is private equity and how does it help companies? Watch this video to find out how European companies are benefitting from private equity investment, which can help them to innovate, develop products, expand into new markets and create sustainable employment. This video was developed by the EVCA (European Private Equity and Venture Capital Association). To find out more about private equity, visit http://evca.eu/
Views: 70941 Invest Europe
Billionaire David Rubenstein: Success in Private Equity
 
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A interview with Billionaire and Private Equity giant, David Rubenstein. In this interview David discusses Private Equity with a focus on the highly successful Carlyle Group and how it has change since the financial crash. David also talks about his early life and making the jump from lawyer to entrepreneur and founding a private equity firm in Washington, as opposed to the traditional destination of New York. Like if you enjoyed Subscribe for more:http://bit.ly/InvestorsArchive Follow us on twitter:http://bit.ly/TwitterIA Video Segments: 0:00 Introduction 1:20 Upbringing 2:13 First job out of law school 3:08 Working at the White House 4:27 Leaving Government 5:23 Turning to Private Equity 5:43 How would you describe Private Equity 6:38 What makes you so successful 7:48 More firms have adopted your model 8:13 Taking Carlyle public 9:13 Philanthropy 10:11 Lawyer to entrepreneur 12:32 !ADVERT! 14:00 Public awareness of Private Equity 14:57 Can we get back to the good times in Congress 16:33 Making successful investments in this era 17:37 How do individuals get exposure to Private Equity 18:53 !ADVERT! 20:47 How has Private Equity changed since the financial crisis 21:18 Incorporating macro thinking 22:14 Are we in a tech bubble 23:03 Energy sector 24:13 Solving the skills gap 25:25 !ADVERT! 26:44 Word association game Interview Date:26th July, 2015 Event: WalStreetwek Original Image Source:http://bit.ly/DRubensteinPic Investors Archive has videos of all the Investing/Business/Economic/Finance masters. Learn from their wisdom for free in one place. For more check out the channel. Remember to subscribe, share, comment and like! No advertising.
Views: 18147 Investors Archive
David Rubenstein - Private Equity: How to Succeed Even If You're Not Qualified
 
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David Rubenstein talks about how he got into private equity and how he created the Carlyle Group, the largest Private Equity firm in the world in 2015 accordibg to PEI 300. In this video, Rubenstein shares about how he succeed in private equity even if he's not qualified nor had any experience. His talk is so inspiring that it made us think that with the right attitude, you will succeed in life. Aside from his tips on private equity, he also gives his advice to someone whose looking into public service and big challenges his company and the industry faced. In addition to these, he explains why his private equity Carlyle group is successful. You will definitely find valuable information about private equity and how to be successful in it. To get more valuable insights on personal finance, business, and investment: 🔴 SUBSCRIBE at http://bit.ly/trulyrichnoypisubscribe 🔴 SHARE, COMMENT, and LIKE this video! ================== ***I DO NOT OWN THIS VIDEO*** ***NO COPYRIGHT INFRINGEMENT INTENDED*** If you have any issue with the content used in our channel or you find something ABSURD or PROVOCATIVE, before you claim it to, PLEASE SEND US A MESSAGE and WE'LL LOOK into it. Notwithstanding the provisions of sections 106 and 106A, the fair use of a copyrighted work for purposes such as criticism, comment, review and news reporting is not an infringement of copyright. We are making such material available for the purposes of criticism, comment, review and news reporting which constitute the 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. ALL footage used is either done under the express permission of the original owner, or is public domain and falls under rules of Fair Use. ================== For more practical videos on wealth, business, and investment: 🔴 SUBSCRIBE at http://bit.ly/trulyrichnoypisubscribe HIGHLY RECOMMENDED VIDEOS: Warren Buffett and Jorge Paulo Lemann - How to Pick a Company to Invest In ▶️ https://www.youtube.com/watch?v=iI3tgA6IjAs Carlos Slim - How to Make Wise Investments and Run a Successful Business ▶️ https://www.youtube.com/watch?v=L_9Zq5NZDMI Ray Dalio - How to Balance Life and Work to Become Successful in Business ▶️ https://www.youtube.com/watch?v=gNu0Z53ga8g Warren Buffett - How to Be Successful in Stock Market Investing Even If You're a Beginner ▶️ https://www.youtube.com/watch?v=uE4V4C5sYYA Bill Ackman - Investing Advice and Strategy for First Time Investors ▶️ https://www.youtube.com/watch?v=WkCdVRZXrWg ================== Who is David Rubenstein? David Mark Rubenstein (born August 11, 1949) is an American financier and philanthropist best known as co-founder and co-chief executive officer of The Carlyle Group, a global private equity investment company based in Washington D.C. He is also currently serving as chairman of the Kennedy Center for the Performing Arts, co-chair of the board of trustees at the Brookings Institution, and chairman of the board of trustees at Duke University, his alma mater. According to the Forbes ranking of the wealthiest people in America, Rubenstein has a net worth of $2.5 billion. Source: en.wikipedia.org/wiki/David_Rubenstein
Views: 7239 Truly Rich Noypi
What is equity?
 
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Video explanation as to how equity is created in a small business and start up up. What is equity, is a video ebook chapter from igoIQ.com and is perfect for any entrepreneur wanting an explanation of equity in business
Views: 411707 FounderMachine
6. How do Private Equity Firms find deals?
 
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How do private equity firms find deals? The question should be: “How do private equity firms find good deals”. I run a private equity firm, and I get calls all the time from investment bankers and brokers, saying, “Steve, we have the perfect deal for you!” and they try to convince me (on the phone) that this deal is just for me. But, I know that the second they hang up the phone with me, they’re calling Bill, they’re calling Jeff, and they’re calling Susan with the exact same deal. These are not good deals; these are just……deals. Private equity firms need to find good deals through proprietary deal flow. Proprietary deal flow is obtained (for the most part) through connections. Private equity firms need to get to know lawyers and accountants who could know when their clients are about to sell, allowing them to tell the firms in advance. Private equity firms need to make a lot of connections in an industry, so that when the executives/owners of those companies want to sell, they tell the private equity firm before they market the deal to other companies. Private equity firms should also make connections with other private equity firms. If a private equity firm has a deal, and it doesn’t have the capital to do the entire deal themselves, the firm might call on another private equity firm to be part of a syndicate. To get deals you need to get out there - get out of that office. Finally, you need to market your private equity firm really well. If you market effectively,entrepreneurs will know to come to you. In summary, if you’re a private equity firm, you need to find good deals. Stop taking calls from those bankers, stop taking calls from those brokers, get out of your office and get proprietary deal flow. In 2014, the yogurt company Chobani needed $750 million. Before the market found out, Chobani was already in talks with TPG. Why? The co-founder of TPG, David Bonderman, knew a prominent businessman in Turkey, Cuneyd Zapsu, who in turn knew the CEO of Chobani, Hamdi Ulukaya. Remember, proprietary deal flow is all about working the connections you have. After all, this $750 million deal happened because a guy knew a guy who knew a guy.
Views: 14560 Steve Balaban
2017 Level I CFA Equity: Industry and Company Analysis - Summary
 
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CFA Video Lectures by IFT For more videos, notes, practice questions, mock exams and more visit: http://www.ift.world/ Facebook: facebook.com/CFA.Trainer
Views: 5686 IFT
Ten Golden Rules of Equity Investing
 
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As narrated by John Cleese. Understanding these rules makes it easier to invest with confidence - not being daunted by market uncertainty nor being tempted to seek safety in the herd behaviour of other investors. None of us can predict what stock markets will do next, but by being informed and then investing for the right reasons, we can move the odds further in our favour. Find out more: UK: http://thinkingaloud.aberdeen-asset.co.uk US: http://thinkingaloud.aberdeen-asset.us Australia: http://thinkingaloud.aberdeenasset.com.au/thinkingaloudau/ Global: http://thinkingaloud.aberdeen-asset.com/thinkingaloudglobal/
Equity Valuation - What percentage should I give my business partner?
 
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http://www.evancarmichael.com/support/ - SUPPORT ME :) Like this video? Please give it a thumbs up below and/or leave a comment - Thank you!!! Help me caption & translate this video! http://www.amara.org/en/profiles/videos/Evan%20Carmichael/ "Great Evan! What about fin doing someone very good at the job, who used to be a business Man and Want to become part of the business That i created and have 50% of the parts and work 200% for the sucess of the company!!! Im alone and i came to the point That i cant do all the job alone???? Crazy...... I Want That support badly but AM i obligée to give the 50% away?????? Help Cuir Esthetica"
Views: 75334 Evan Carmichael
Billionaire Brian Sheth: Creating Vista Equity, Private Equity Investing and Software (2018)
 
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An interview with billionaire and co-founder of private equity firm Vista Equity Partners, Brian Sheth. In this interview, Brian discusses starting Vista and its investment philosophy of focusing on software. Brian also talks about philanthropy and talent management. Like if you enjoyed Subscribe for more:http://bit.ly/InvestorsArchive Follow us on twitter:http://bit.ly/TwitterIA Other great Private Equity investor videos:⬇ Steve Schwarzman reflects on Blackstone and His Life:http://bit.ly/SSPEPic Billionaire Henry Kravis on Finance, Work Ethic and Life: http://bit.ly/HKFVid Billionaire Leon Black: Investment Strategy for Private Equity:http://bit.ly/LBlackVid Video Segments: 0:00 Introduction 1:59 How do you measure success? 3:46 How did you get this big? 7:09 Free cash flow of software companies? 8:57 Challenges faced when scaling Vista Equity Partners? 11:35 Founders working at Vista? 14:09 Why have you not created a company we can invest in? 17:10 Recruiting a diverse workforce? 20:13 New species? 22:21 Why did you get interested in it? Interview Date: 15th May, 2018 Event: The Montgomery Summit 2018 Original Image Source:http://bit.ly/BShethPic Investors Archive has videos of all the Investing/Business/Economic/Finance masters. Learn from their wisdom for free in one place. For more check out the channel. Remember to subscribe, share, comment and like! No advertising. #InvestorsArchive
Views: 1008 Investors Archive
Billionaire Henry Kravis: The Future of Private Equity Investing
 
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A interview and Q&A with billionaire and Co-CEO of private equity giant KKR, Henry Kravis. In this interview Henry talks about how private equity has changed and where he predicts it will go. Henry also talks about the rise of growth equity investing in private equity and unicorn companies. 📚 Books on Henry Kravis and KKR are located at the bottom of the description❗ Like if you enjoyed Subscribe for more:http://bit.ly/InvestorsArchive Follow us on twitter:http://bit.ly/TwitterIA Other great Private Equity investor videos:⬇ Steve Schwarzman reflects on Blackstone and His Life:http://bit.ly/SSPEPic Billionaire Henry Kravis on Finance, Work Ethic and Life: http://bit.ly/HKFVid Billionaire Leon Black: Investment Strategy for Private Equity:http://bit.ly/LBlackVid Video Segments: 0:00 Introduction 0:21 Donald Trump said you would be a good treasury secretary 0:45 When you are looking at a deal, how do you look out for disruption in that industry? 4:32 Is a IPO of First Data on the horizon? 5:13 Why are you entering the growth equity/Venture capital market? 8:00 Do you think the deals are in a bubble? 9:22 Would you buy a index of unicorn companies? 10:32 Is a growth equity fund coming? 12:15 Paying the tech peoples salary? 12:50 Did you learn anything new when KKR went public? 15:24 Are the concerns of tech CEOs about going public legitimate fears? 16:25 How much of a technologist are you? 17:16 Investing with Iconiq 18:29 How do you get a feel of good culture at a company? 23:43 In the next 12 months will we see a $10 billion buyout? 24:22 Start of Q&A 24:37 Over the past 25 years, what have you had to give up to be more successful in investing? Henry Kravis and KKR Books 🇺🇸📈 (affiliate link) The New Financial Capitalists:http://bit.ly/NewFinancialCapitalists Merchants of Debt:http://bit.ly/MerchantsofDebt Barbarians At The Gate:http://bit.ly/BarbariansGate The Money Machine:http://bit.ly/MoneyMachineKKR Interview Date: 21st July, 2015 Event: Fortune's Brainstorm Tech Original Image Source:http://bit.ly/HKravisPic1 Investors Archive has videos of all the Investing/Business/Economic/Finance masters. Learn from their wisdom for free in one place. For more check out the channel. Remember to subscribe, share, comment and like! No advertising.
Views: 20922 Investors Archive
Loan vs Equity in a Company
 
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How you put money or property into a company can make a difference if the company fails. Learn more at http://www.legalees.com/loan-versus-equity-company/
Views: 1601 LegaLees
Minority Stake Acquisition (Equity Investments, Part 1)
 
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Here's an outline of what we'll cover in this free Minority Stake Acquisition tutorial: Why Does This Matter? By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" The way you reflect minority stake purchases on the financial statements differs from what you do for acquisitions of entire companies, and from greater than 50% ownership acquisitions. We create an item called "Equity Investments" AKA "Investments in Equity Interests" AKA "Associate Companies" on the Balance Sheet to reflect cases where we own less than 50% of other companies. It's also very, very common to see these deals in the news... we're looking at a ~$2.6 billion deal here between Liberty Media and Charter Communications Liberty Media is a large holding company and media conglomerate that buys stakes in lots of media companies... such as Sirius XM Radio, Time Warner, Viacom, Live Nation, Crown Media, and Barnes & Noble. Charter Communications is the 4th largest cable operator in the US, as of the time of this deal. Liberty purchased a 27% stake in Charter, worth $2.6 billion, which was announced in Q1 2013 and closed in Q2 2013. We're going to look at this acquisition via a 4-step process in this set of tutorial videos: 1. What happens on the financial statements when you purchase that initial minority stake in a company? We'll cover this first step in this tutorial. 2. What happens on the statements after running the business for several years, with that minority stake included? 3. What happens when you increase your ownership in that company? 4. How do you reflect a sale of a minority stake on the financial statements? What Do You Do to Reflect This? It's DIFFERENT from greater than 50% ownership acquisition because you do NOT go through the purchase price allocation process at all - no Goodwill, no write-ups, no consolidation of the financial statements, etc. Instead, you simply reflect the cash/debt/stock used to fund the deal on the Balance Sheet, create the new line item for your ownership in the other company, and also reflect any transaction fees paid for this minority stake. So this initial step is pretty simple - but it gets more complicated when you have to reflect earnings and dividends from the Equity Investments *after* the transaction closes. How Do You Reflect This Type of Acquisition on the Statements? 1. First, you need 3-statement projections for the Parent Company and target company. We've already filled these in here, based on equity research and our own estimates - this is NOT the focus of this lesson, so we're not going over how to create these projections. If the deal closes in the middle of the year, quarterly projections are best so you can be more precise - here, we're dividing 2013 into quarters but leaving the other years in annual figures. 2. Then, you need to look up information on the deal - the close date, purchase price, % cash/debt/stock used, and anything else relevant such as the maximum ownership percentage. 3. Then, go to Balance Sheet and reflect cash/debt/stock used and creation of new Equity Investments line item. Careful with debits and credits... CR Asset = Reduce it, CR Liability = Increase it. DR Asset = Increase it, DR Liability = Reduce It. Aside from cash, debt, and the Equity Investments line item, most other line items will not be adjusted at all in this initial transaction. So the set of steps here is just: CR Cash DR Equity Investments CR Long-Term Debt And if you've set up the model correctly, the Balance Sheet should remain in balance. Most other line items will be $0 - we're ignoring transaction and financing fees here. What Next? In parts 2-4, we'll walk through what happens on all 3 statements when a minority stake is purchased, what happens when the parent company increases its ownership, and what happens when it finally sells that minority stake to someone else. Again, we'll be using this Liberty Media / Charter Communications deal as the example for all the steps here.
Equity vs. debt | Stocks and bonds | Finance & Capital Markets | Khan Academy
 
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Debt vs. Equity. Market Capitalization, Asset Value, and Enterprise Value. Created by Sal Khan. Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/core-finance/stock-and-bonds/venture-capital-and-capital-markets/v/chapter-7-bankruptcy-liquidation?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/stock-and-bonds/venture-capital-and-capital-markets/v/more-on-ipos?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Finance and capital markets on Khan Academy: This is an old set of videos, but if you put up with Sal's messy handwriting (it has since improved) and spotty sound, there is a lot to be learned here. In particular, this tutorial walks through starting, financing and taking public a company (and even talks about what happens if it has trouble paying its debts). About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy’s Finance and Capital Markets channel: https://www.youtube.com/channel/UCQ1Rt02HirUvBK2D2-ZO_2g?sub_confirmation=1 Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 336348 Khan Academy
What's the difference between investment banking and private equity?
 
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Sherjan Husainie, of Leaders Global Network, offers career workshops in ten major cities around the world. He has worked in both investment banking at Morgan Stanley and in private equity at Google Capital. For more info, visit http://www.leadersgn.com/
Views: 155812 Career Insider Business
Billionaire Robert F.  Smith: Creating Expertise and Private Equity
 
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An interview and Q&A with billionaire private equity titan and CEO and founder of Vista Equity Partners, Robert F. Smith. In this interview Robert explains that the key to becoming successful is to become an expert in a particular field. Robert also talks about how he created and runs Vista Equity Partners and investing in the community. Like if you enjoyed Subscribe for more:http://bit.ly/InvestorsArchive Follow us on twitter:http://bit.ly/TwitterIA Other great Private Equity investor videos:⬇ Steve Schwarzman reflects on Blackstone and His Life:http://bit.ly/SSPEPic Billionaire Henry Kravis on Finance, Work Ethic and Life: http://bit.ly/HKFVid Billionaire Leon Black: Investment Strategy for Private Equity:http://bit.ly/LBlackVid Video Segments: 0:00 Introduction 5:00 How does it feel to be back? 8:12 Did you stay in the background by design/ Become an expert? 16:45 How did you create Vista and its culture? 21:47 How did you conduct research before starting your business? 26:00 How do you invest in the community? 35:48 How do you educate people on a mass scale? 38:49 Start of Q&A 38:50 How do you grow and evolve Vista? 45:36 How do you use business to drive policy and equality? 48:32 How do you get in front of the technology? 51:15 How do you serve leadership in tech? 55:18 Advice on systems to engage firms for community action? 58:11 How to translate a engineering mindset to business? 1:00:35 How to be at the forefront of technology outside of the americas? 1:04:30 How to get funding at an early stage? 1:06:47 Do you have a autobiography in the works? Interview Date: 25th March, 2017 Event: ELEVATE conference Original Image Source:http://bit.ly/RFSmithPic Investors Archive has videos of all the Investing/Business/Economic/Finance masters. Learn from their wisdom for free in one place. For more check out the channel. Remember to subscribe, share, comment and like! No advertising.
Views: 9522 Investors Archive
How To Divide Equity In a Startup
 
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Eben Pagan, founder of Get Altitude has a conversation explaining how to divide equity in a startup. Get My FREE Business Program: http://goo.gl/YUdk9O SUBSCRIBE! http://www.youtube.com/subscription_center?add_user=getaltitude On the Get Altitude channel Eben Pagan shares marketing strategies and business skills entrepreneurs can use to rapidly grow their businesses. We are putting out new videos every week. LET’S GET CONNECTED: http://www.GetAltitude.com https://www.facebook.com/pages/Eben-Pagan/135028473246104
Views: 88764 Get Altitude
10. Review: Private Equity, Direct Investing, Fund Investing, Co-investing and Secondary Investing
 
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Review: Private Equity, Direct Investing, Fund Investing, Co-investing and Secondary Investing Investors can invest in private equity in four different ways: Directly, funds, co-investments and secondaries. Direct investing is when an investor directly invests in private companies. It could be buying the entire company or a minority investment. Fund investing is when an investor goes to a private equity fund and the private equity fund buys companies on the investor’s behalf. Co-investing is the most complicated option. For example, an investor invests $50 million in a private equity fund with co-investment rights, meaning that when the fund looks for opportunities it can allow the investor to participate not only through the fund, but directly as well. An example of this would be when a fund is looking at investment in a $40 million company. That investment needs $30 million equity and $10 million in debt. The equity portion given by the fund (without co-investing) would be $30 million dollars. In the case of co-investing, the fund gives $20 million (in which the investor is participating through the fund) with the remaining $10 million (i.e. The difference between the $20 million in equity given by the fund and the $30 million equity needed) is offered to the investor to do on a direct basis resulting in the fund investing $20 million and the investor investing $10 million. When investors invest into a fund, they pay full fees, typically paying a 2% management fee and a 20% performance fee (i.e. “two and twenty”). By investing $10 million directly, other than a small deal origination fee, investors are able to reduce their overall fees. (For more on fees see Video #4). The fourth way to invest in private equity is through secondaries. In this example our investor makes a commitment to invest $50 million in a private equity fund by giving about $10 to $20 million dollars to the private equity fund up front for the first two fund investments. As more acquisitions are made, the private equity fund makes capital calls to the investor. The investor is usually locked into the private equity fund for seven to ten years (or longer). If the investor wants out of this agreement, the commitment can be sold to other investors. The sale can be of the entire commitment (which would include the existing deals that the private equity fund was already made, plus future capital calls) or it can be done through a structured secondary (selling different parts) where the investor may want to keep the existing investments and just sell the future commitments. As easy as an investor can sell a secondary, it can buy one as well.
Views: 5878 Steve Balaban
What's in an Equity Research Report?
 
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In this tutorial, you’ll learn what goes into an equity research report, including how it differs from a stock pitch in terms of structure and argument, the main sections of the reports, and how you might write your own reports. http://www.mergersandinquisitions.com/equity-research-report/ Table of Contents: 1:43 Part 1: Stock Pitches vs. Equity Research Reports 6:00 Part 2: The 4 Main Differences in Research Reports 12:46 Part 3: Sample Reports and the Typical Sections 20:53 Recap and Summary Part 1: Stock Pitches vs. Equity Research Reports The main difference is that equity research reports are like “watered-down” stock pitches: you still recommend for or against investment in a public company, but your views are weaker, “Sell” recommendations are rare, and you spend a lot more time describing the company and its operations and financials. By contrast, in hedge fund stock pitches you take more extreme views and spend more time explaining how your views differ from those of the market as a whole. Part 2: The 4 Main Differences in Research Reports 1) There’s More Emphasis on Recent Results and Announcements 2) Far-Outside-the-Mainstream Views Are Less Common 3) Research Reports Give “Target Prices” Rather Than Target Price Ranges 4) The Investment Thesis, Catalysts, and Risk Factors Are “Looser” Part 3: Sample Reports and the Typical Sections The main sections of a report are as follows: Page 1: Update, Rating, Price Target, and Recent Results The first page of an “Update” report states the bank’s recommendation (Buy, Hold, or Sell, sometimes with slightly different terminology), and gives recent updates on the company. A specific “target price” must be based on specific multiples and specific assumptions in a DCF or DDM. So with Jazz, we explain that the $170.00 target is based on 20.7x and 15.3x EV/EBITDA multiples for the comps, and a discount rate of 8.07% and Terminal FCF growth rate of 0.3% in the DCF. Next: Operations and Financial Summary Next, you’ll see a section with lots of graphs and charts detailing the company’s financial performance, market share, and important metrics and ratios. For a pharmaceutical company like Jazz, you might see revenue by product, pricing and # of patients per product per year, and EBITDA margins. For a commercial bank like Shawbrook, you might see loan growth, interest rates, interest income and net income, and regulatory capital figures such as the Common Equity Tier 1 (CET 1) and Tangible Common Equity (TCE) ratios: This section of the report explains how the research analyst/associate forecast the company’s performance and came up with the numbers used in the valuation. Valuation The valuation section is the one that’s most similar in a research report and a stock pitch. In both fields, you explain how you arrived at the company’s implied value, which usually involves pasting in a DCF or DDM analysis and comparable companies and transactions. The methodologies are the same, but the assumptions might differ substantially. In research, you’re also more likely to point to specific multiples, such as the 75th percentile EV/EBITDA multiple, and explain why they are the most meaningful ones. Investment Thesis, Catalysts, and Risks This section is short, and it is more of an afterthought than anything else. We do give reasons for why these companies might be mispriced, but the reasoning isn’t that detailed and it’s not linked to specific share prices. Banks present Investment Risks mostly so they can say, “Well, we warned you there were risks and that our recommendation might be wrong.” http://www.mergersandinquisitions.com/equity-research-report/
Private Equity: Industry Overview and Careers in Private Equity
 
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Support us on Indiegogo and get early access to the 365 Data Science Program! https://igg.me/at/365-data-science-online-program The Private Equity industry as we know it today is significantly larger compared to what it used to be 20 years ago. Nowadays pension funds, investment banks and high-net-worth individuals invest their money in private equity funds. The main idea is to use the money in order to acquire private or public companies, develop and improve their business, and then resell it at a considerable profit, given that the typical investment horizon ranges between 5 and 10 years. Private equity investments are risky, very illiquid and investors expect a significantly higher return compared to some of the other asset classes. Private Equity is one of the most desired career paths in the world of Business and Finance. Several years ago very few, if any, of the PE funds were hiring without relevant work experience. Today, it appears that more funds are willing to hire people with less experience. It is not rare to see intern and analyst openings within PE funds. However, if you’ve worked a couple of years in investment banking, consulting, or financial advisory, your chances of being hired increase significantly. Salaries vary based on the firm size and the country that you are located in, but they are generally 10-20% higher than the ones of investment banker analysts and associates with the same number of years of experience. On Facebook: https://www.facebook.com/365careers/ On the web: http://www.365careers.com/ On Twitter: https://twitter.com/365careers Subscribe to our channel: https://www.youtube.com/365careers
Views: 14064 365 Careers
How To Distribute Startup Equity (The Smart Way)  | Dan Martell
 
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Having issues deciding how to split up the equity in your business between your team (co-founder), advisors and potential investors? In this video, I provide some guidelines and some major DON'TS when thinking about startup equity. Are you an entrepreneur? Get free weekly video training here: http://www.danmartell.com/newsletter + Join me on FB: http://FB.com/DanMartell + Connect w/ me live: http://periscope.tv/danmartell + Tweet me: http://twitter.com/danmartell + Instagram awesomeness: http://instagram.com/danmartell Related Videos - To Raise or Not To Raise Venture Capital https://www.youtube.com/watch?v=syfMR9Akxqo - The 3 Secret Agreements You Make When Accepting Venture https://www.youtube.com/watch?v=syfMR9Akxqo - Startup Balance With Kids https://www.youtube.com/watch?v=X2NsSWYs-20 Okay. Due to popular demand, I’ve decided to finally tackle the billion dollar beast. And while it’s not easy to have a conversation about startup equity without putting the faint of heart to sleep, it’s territory that simply can’t be overlooked. Because for any growth-oriented entrepreneur entertaining the idea of handing out equity in their company, the math absolutely matters… And one small misstep can be the difference between accelerated growth or the speed pass to startup hell. So if you’ve ever wondered what a healthy equity breakdown looks like for all key stakeholders (founders, advisors, investors and team members)... … then give this new video a quick spin. As you can see, used appropriately, equity can be an amazing way to incentivize team members and attract key advisors and investors. Like I did with Uber’s Travis Kalanick But if you don’t enter the conversation with clear knowledge of the right benchmarks to shoot for… … then you’re setting yourself up to either give too much away or lose talent and investors to other startups playing a much sharper numbers game. So get your numbers right. Make the right offers. And then step up to the plate and use equity for the growth accelerant it is. To splitting the pie… (and watching it grow), – Dan Don't forget to share this entrepreneurial advice with your friends, so they can learn too: https://youtu.be/hWA1b8owinc ===================== ABOUT DAN MARTELL ===================== “You can only keep what you give away.” That’s the mantra that’s shaped Dan Martell from a struggling 20-something business owner in the Canadian Maritimes (which is waaay out east) to a successful startup founder who’s raised more than $3 million in venture funding and exited not one... not two... but three tech businesses: Clarity.fm, Spheric and Flowtown. You can only keep what you give away. That philosophy has led Dan to invest in 33+ early stage startups such as Udemy, Intercom, Unbounce and Foodspotting. It’s also helped him shape the future of Hootsuite as an advisor to the social media tour de force. An activator, a tech geek, an adrenaline junkie and, yes, a romantic (ask his wife Renee), Dan has recently turned his attention to teaching startups a fundamental, little-discussed lesson that directly impacts their growth: how to scale. You’ll find not only incredible insights in every moment of every talk Dan gives - but also highly actionable takeaways that will propel your business forward. Because Dan gives freely of all that he knows. After all, you can only keep what you give away. Get free training videos, invites to private events, and cutting edge business strategies: http://www.danmartell.com/newsletter
Views: 43151 Dan Martell
Why You Subtract Equity Investments (Associate Companies) in Enterprise Value
 
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In this lesson, you'll learn why you can't just "ignore" a company's ownership stakes in other companies. By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" And you'll also learn how to factor in partially owned companies when calculating Enterprise Value and valuation multiples. Table of Contents: 2:32 Why You Can't Ignore Equity Investments (Associate Companies) and Noncontrolling Interests (Minority Interests) 4:38 Example for Equity Investments (Associate Companies) 10:28 Recap and Summary Why You Calculate Enterprise Value the Way You Do... Pretty much everyone agrees that you take a company's Equity Value, subtract Cash, and add Debt to calculate Enterprise Value. But after that it gets murkier, and not everyone agrees on which items to add or subtract. One common scenario: a company owns a % of another company, and it reflects that ownership somewhere on its Balance Sheet... what do you do? With an Equity Investment or Associate Company, the Parent Company owns less than 50% and records the stake as an Asset on its BS. With Noncontrolling Interests (formerly "Minority Interests"), the Parent company owns more than 50% but less than 100%, consolidates the financial statements 100%, and records the value of the stake it does NOT own on the L&E side of the BS. You CANNOT ignore these items when calculating Enterprise Value because: Reason #1: Equity Value (Market Cap) Implicitly Reflects the Value of These Stakes Already. Investors buy and sell shares, knowing full well how much the company owns of other companies. Great Example: Yahoo! and Alibaba -- Yahoo! bought a 40% stake valued at $2.5 billion, which grew to $15.2 billion in 9 years. When Yahoo's share price increased over the years, it was often because of Alibaba beating growth expectations! Reason #2: You Need to Make an Apples-to-Apples Comparison in Valuation Multiples. If Company A owns 70% of Company B and 30% of Company C, then its Equity Value already reflects those stakes... and so will Enterprise Value, if you don't add or subtract them. So metrics like EBITDA also need to reflect 70% of Company B's EBITDA and 30% of Company C's EBITDA... But they don't do that "naturally" because of the accounting rules for these stakes on the Income Statement. So we need to adjust by including 100% of the value, or 0% of the value, in Enterprise Value and in EBITDA -- and it is easier to make this adjustment to Enterprise Value, rather than modifying the company's Income Statement, in 99% of cases. Example for Equity Investments / Associate Companies: The Parent Company has the following stats: Equity Value = $350 Cash = $50 Debt = $200 EBITDA = $63 It owns 30% of another company, and that Associate Company is worth $100. So you just say Enterprise Value = $350 -- $50 + $200 = $500, right? Wrong! Here's the Problem: That Equity Value of $350 already reflects 30% * $100, in other words the ownership stake in the Associate Company times the Associate Company's value. Without that stake, the Parent Company's Equity Value would be $320 instead. So as it stands, this Enterprise Value of $500 also includes the value of that 30% stake. BUT... EBITDA includes 0% of the Associate Company's EBITDA, because accounting rules state that the statements should not be consolidated when the Parent Company owns under 50%. There is an adjustment at the bottom of the Income Statement, but the EBITDA for the "Combined Company" here is really just the EBITDA for the Parent Company. In other words, let's say the Associate Company had $15 in EBITDA. The Combined Company's EBITDA would NOT be $63 + $15 * 30% = $67.5. It would only be $63! So Enterprise Value reflects 30% of the Associate Company, but EBITDA only reflects 0% of the Associate Company. Theoretically, you could fix this by adding 30% of the Associate Company's EBITDA (as in that example right above)... But in real life, companies don't disclose enough information for you to do this. They only show the Associate Company's Net Income. So instead, we subtract 30% * $100 from Enterprise Value, to make sure that neither Enterprise Value nor EBITDA reflect that other stake, and the equation becomes: Enterprise Value = Equity Value + Debt -- Cash -- Equity Investments Enterprise Value = $350 + $200 -- $50 -- $30 = $470
BlackRock vs. Blackstone: Private Equity Rivalry
 
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June 30 -- Bloomberg’s Jason Kelly examines the business rivalry between BlackRock and Blackstone as the firms begin to pursue the same investors. He speaks on “Market Makers.” -- Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg Bloomberg Television offers extensive coverage and analysis of international business news and stories of global importance. It is available in more than 310 million households worldwide and reaches the most affluent and influential viewers in terms of household income, asset value and education levels. With production hubs in London, New York and Hong Kong, the network provides 24-hour continuous coverage of the people, companies and ideas that move the markets.
Views: 53412 Bloomberg
Private equity explained
 
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Private equity funds are groups of investors that flip companies for a profit. It's the technique they use that makes them special, as senior producer Paddy Hirsch explains. Follow Paddy Hirsch on Twitter: @paddyhirsch More Whiteboard: marketplace.org/whiteboard
Views: 137193 Marketplace APM
Debt vs. Equity Analysis: How to Advise Companies on Financing
 
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In this tutorial, you’ll learn how to analyze Debt vs. Equity financing options for a company, evaluate the credit stats and ratios in different operational cases, and make a recommendation based on both qualitative and quantitative factors. http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Table of Contents: 0:50 The Short, Simple Answer 3:54 The Longer Answer – Central Japan Railway Example 12:31 Recap and Summary If you have an upcoming case study where you have to analyze a company’s financial statements and recommend Debt or Equity, how should you do it? SHORT ANSWER: All else being equal, companies want the cheapest possible financing. Since Debt is almost always cheaper than Equity, Debt is almost always the answer. Debt is cheaper than Equity because interest paid on Debt is tax-deductible, and lenders’ expected returns are lower than those of equity investors (shareholders). The risk and potential returns of Debt are both lower. But there are also constraints and limitations on Debt – the company might not be able to exceed a certain Debt / EBITDA, or it might have to keep its EBITDA / Interest above a certain level. So, you have to test these constraints first and see how much Debt a company can raise, or if it has to use Equity or a mix of Debt and Equity. The Step-by-Step Process Step 1: Create different operational scenarios for the company – these can be simple, such as lower revenue growth and margins in the Downside case. Step 2: “Stress test” the company and see if it can meet the required credit stats, ratios, and other requirements in the Downside cases. Step 3: If not, try alternative Debt structures (e.g., no principal repayments but higher interest rates) and see if they work. Step 4: If not, consider using Equity for some or all of the company’s financing needs. Real-Life Example – Central Japan Railway The company needs to raise ¥1.6 trillion ($16 billion USD) of capital to finance a new railroad line. Option #1: Additional Equity funding (would represent 43% of its current Market Cap). Option #2: Term Loans with 10-year maturities, 5% amortization, ~4% interest, 50% cash flow sweep, and maintenance covenants. Option #3: Subordinated Notes with 10-year maturities, no amortization, ~8% interest rates, no early repayments, and only a Debt Service Coverage Ratio (DSCR) covenant. We start by evaluating the Term Loans since they’re the cheapest form of financing. Even in the Base Case, it would be almost impossible for the company to comply with the minimum DSCR covenant, and it looks far worse in the Downside cases Next, we try the Subordinated Notes instead – the lack of principal repayment will make it easier for the company to comply with the DSCR. The DSCR numbers are better, but there are still issues in the Downside and Extreme Downside cases. So, we decide to try some amount of Equity as well. We start with 25% or 50% Equity, which we can simulate by setting the EBITDA multiple for Debt to 1.5x or 1.0x instead. The DSCR compliance is much better in these scenarios, but we still run into problems in Year 4. Overall, though, 50% Subordinated Notes / 50% Equity is better if we strongly believe in the Extreme Downside case; 75% / 25% is better if the normal Downside case is more plausible. Qualitative factors also support our conclusions. For example, the company has extremely high EBITDA margins, low revenue growth, and stable cash flows due to its near-monopoly in the center of Japan, so it’s an ideal candidate for Debt. Also, there’s limited downside risk in the next 5-10 years; population decline in Japan is more of a concern over the next several decades. RESOURCES: https://youtube-breakingintowallstreet-com.s3.amazonaws.com/Debt-vs-Equity-Analysis-Slides.pdf
Equity as Compensation
 
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In this live conversation on the business of design, Chris Do and Jose Caballer discuss how designers can get paid outside of traditional compensation models. They share their personal experience, discuss how equity (owning a portion of your client's company) can impact a practice's financial growth, and how designers should expand beyond products and services into "Venture Design," where they reap direct benefits from their talent through partnership and shared growth. Purchase a CORE Kit: http://bit.ly/COREKit Annotations: -- 1:01 Methods of getting more potential value instead of cash only payments for your services. 2:48 Q: What motivated you to start trading value and time for equity? 4:50 Q: What is the structure/equity stake in most of your deals? 7:33 How the agency and startup business models differ. 9:40 How to invest your time and skills in equity deals with defined boundaries. 12:37 Determine what the companies business model & exit strategy is and how it's going to be executed before you join. 14:40 What is a company valuation? 18:04 Giving up 10% of something is worse than keeping 100% of nothing. 22:20 Build a community to craft a portfolio of diverse startup equity investments 28:53 Benefits of being a T-Shaped Creative Special Thanks to our Sponsors: Shutterstock - http://www.shutterstock.com Media Temple - http://mediatemple.net This is Ground - http://thisisground.com HOW TO SUPPORT THE FUTUR: Purchase a Kit:https://www.thefutur.com/shop/ subscribe to the secret and private Mastermind group on FB with bi-weekly webinars & exclusive videos not released anywhere else. Music on the show from Art-list.io http://goo.gl/22VpQi Use our Amazon Affiliate Link: http://astore.amazon.com/chrisdo-20 Buy useful design tools from Creative Market: https://creativemarket.com/?u=ChrisDo Get your business cards printed at Moo: http://www.moo.com/share/qn6x98 _________________________________________________ Connect with us online: http://thefutur.com https://www.facebook.com/theFuturisHere/ https://twitter.com/thefuturishere Need brand strategy help? Visit Blind LA’s WEBSITE: http://blind.com Jose Caballer: http://bit.ly/josecaballerTwitter Chris Do: http://bit.ly/theChrisDoTwitter
Views: 9101 The Futur
Private Equity Presentation Example - Investing into a gold company
 
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• How to find investors for your company and raise millions • How to build a business and finance it with millions of dollars • How to turn an idea into a reality • How to get the money you need to finance your business • How to become a self-made millionaire with your company • Start your own business, get it structured, raise money, take it public in the stock market and make millions • How to put together a new start-up company and make it successful • How to start your own business and live your dream • How to find investors • How to get the money you need to finance your business • How to create an offer and structure a private placement • How raise capital for a company • Ideas and strategies to get investors for your business • Basics about Private Equity • How to structure a new company • Basic explanation of stocks and corporations • How to finance a new project or idea with private placements • How to structure a share structure so you don’t lose control • How to legally raise money for your business • How to create millions in value in the stock market • How to structure, build and organize a public company • How to make money with public companies • How to create a successful company in the stock market • Examples of business models for private and public companies • Learn the public process • Business development and milestones examples • Example strategic plan • Marketing and promotion of publicly listed stocks • How to create an exit strategy for initial investors • Basics for a successful promotional stock campaign • Investor relations and news releases • Sales techniques to raise capital from investors • The process of raising capital • How to create happy long-term investors
Views: 486 Norman Meier
8. What Exit Options do Private Equity Firms have for their Portfolio Companies?
 
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What exit options private equity firms have for their portfolio companies? As a private equity firm, you have multiple options on how to sell your portfolio company. You could sell to the public market, through an IPO (which is costly, but doable), you can sell to a strategic buyer, you can sell to management, or you can sell to another private equity firm. If you sell to a strategic buyer, you have to be conscious of the fact that through the process of the sale, the strategic buyer is going to become aware of your strategies (your trade secrets). If the potential strategic buyer walks away from the deal, they may have a competitive advantage over you. If you are looking to sell to a strategic buyer, my recommendation is, before you disclose your trade secrets, have the potential buyer put down a good-sized deposit. You can also sell to management through a management buyout. Remember the example we gave of Michael Dell’s management buyout of Dell computers? (Video #2) Another option is to sell to another private equity firm. If you’re getting close to the end of the term of your fund, (i.e. in your ninth or tenth year) and you want to exit, there may be another private equity firm that’s close to the beginning of the term of its fund. Your portfolio company might still be amazing, you just have to divest. Finally, there’s a dividend recapitalization, where you can take on debt and pay out a dividend. As an example of a business that goes from inception until exit, we’re going to look at Alice. Alice is a third year university student who has an eye for fashion. Looking at what her fellow students were wearing, Alice realized something - students were either wearing attractive clothes that were not comfortable or comfortable clothes that were not attractive. Alice began to design clothes that were both attractive and comfortable. As Alice and her friends started wearing the clothes that she designed, other students on campus noticed, asking Alice to design clothes for them as well. Soon students across campus were wearing these attractive, comfortable clothes. Other students, from universities across the country, started to take notice and began contacting Alice for these attractive, comfortable clothes. There was such a demand that Alice had to open a large manufacturing facility. Now, students across Canada were wearing Alison’s clothes. When these students from Canada visited the U.S., American students looked at these Canadian students and said, “Wow, they look so good and so comfortable. We need to get a hold of some of these clothes!” So, more students started to order clothes from Alice. Word spread across the U.S., and before long, Alice had a company with sales across North America. Then, along came a private equity firm and this private equity firm loved Alice’s company. The private equity firm recognized that Alice’s company had no debt and had successfully penetrated the North American market. The private equity firm had a lot of contacts in the European clothing industry, where it wanted Alice to expand. The private equity company bought a majority stake in Alice’s company and then expanded it to Europe. Years later, the private equity firm and Alice had developed a huge clothing company that had penetrated both North America and Europe. The private equity firm now has a few options on how to exit its investment in Alice’s company. It could bring the company public through an IPO, it could sell the company to a strategic buyer (such as a big clothing company), or it could sell the company to Alice through a management buyout (depending on how much debt the company has on the books). The company can sell to another private equity firm, potentially one that has experience in markets that the company is currently not in, such as Asia or Australia. The company could also do a dividend recap (depending on how much debt that they have on the books, they could take out some more debt and pay a special dividend). These are just a few options that the private equity firm has to exit.
Views: 6615 Steve Balaban
3 ways to value a company - MoneyWeek Investment Tutorials
 
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Valuing a company is more art than science. Tim Bennett explains why and introduces three ways potential investors can get started. Related links… • How to value a company using discounted cash flow (DCF) - https://www.youtube.com/watch?v=jfcRUzKZZE8 • How to value a company using net assets - https://www.youtube.com/watch?v=rV68zoBKTJE • What is a balance sheet? https://www.youtube.com/watch?v=DuKEcxVplnY MoneyWeek videos are designed to help you become a better investor, and to give you a better understanding of the markets. They’re aimed at both beginners and more experienced investors. In all our videos we explain things in an easy-to-understand way. Some videos are about important ideas and concepts. Others are about investment stories and themes in the news. The emphasis is on clarity and brevity. We don’t want to waste your time with a 20-minute video that could easily be so much shorter.
Views: 229759 MoneyWeek
Private Equity 💲💲💲 Investments in Malaysia
 
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Private equity refers to private company (wholly or controlling stake) ownership by a specialized investment firm. Typically, a private equity firm will establish a fund (aka a SPV - special purpose vehicle) and use it to buy multiple businesses, with the goal of selling each one within a few years at a profit. Private equity firms will often target an under-performing but profitable business and, after purchasing the company, use their management expertise to improve profitability. How does Private Equity Manager Add Value During Buying Process 1) Conduct due diligence on private information such as strategic plans and forecasts 2) Conduct exclusive due diligence on operations & company management 3) Get favourable entry price by means of below market value acquisition During Holding Period 1) Drive for long-term sustainable value creation, not quarterly performance 2) Drive for operational improvements, revenue growth, profitability & expansion 3) Drive for positive changes and hold company management accountable for KPIs During Selling Process 1) Execute exit strategy which has been defined during entry, via IPO, convertible bonds, warrants, etc 2) Improved company fetches higher price via higher valuations & earnings multiple (P/E ratio) 3) Ability to source for strategic buyers with best offer price in a well-connected network As an investors, we can invest into this fund or SPV, and invest alongside with the fund manager. Read more here - https://www.howtofinancemoney.com/2016/08/private-equity-investments.html ***** Click Here To Get All The Details On The Online Program That CF Lieu coaches his clients and banks/financial institutions to construct a sustainable and safe investment portfolio through REIT (Real Estate Investment Trusts) - https://reitmethod.com ★☆★ SUBSCRIBE TO CF LIEU YOUTUBE CHANNEL NOW ★☆★ http://youtube.com/channel/UCN11ZcQ85CsBo8YJoHUp07g?sub_confirmation=1 Check out these Top Trending Playlist: 1.) How to Start Trading & Investing in Bursa Malaysia: https://www.youtube.com/playlist?list=PLQ7ZQik2O1aIA7eeem4tvCM_9bRrzytA1 2.) Make Passive Dividend & Capital Gain from Proper Investing Methodologies - https://www.youtube.com/playlist?list=PLQ7ZQik2O1aKnouSfUBRphT7szPw3yHo4 3.) Max Out Insurance Protection but Pay Minimum Premium - https://www.youtube.com/playlist?list=PLQ7ZQik2O1aJ0acvmZ7RZqrVh9ciPgcv8 CF Lieu is one of the most trusted & respected independent consultant in the financial advisory space in Malaysia. CF’s unique & unconventional angle of financial ‘life’ planning is evident by the title itself in his book - 'Why 99% Financial Advice are Crap - the No Bullshit Approach to do what you're good at, live the life you deserve & enjoy the freedom you desire' CF works exclusively with personal clients who want a more sustainable and safe lifestyle and investment portfolio through REIT (Real Estate Investment Trusts). Check out https://reitmethod.com where he co-founded the educational program with KC Lau. CF Lieu is also one of the rare financial planners cum advisers who is actually engaged by banks and financial institutions to conduct investment seminars & workshops - like Maybank, RHB, PNB (Permodalan Nasional Bhd), FPAM (Financial Planning Association of Malaysia)...where his audience include CEOs, CFOs, accountants, investment analysts, private bankers, relationship managers etc CF Lieu’s availability to work 1on1 with clients is extremely limited. As such, he's very selective and he is expensive (although it will be FAR less expensive than staying where you are). Many of his clients are seeing a positive return on CF Lieu’s advice in days, not months. See CF’s clients’ testimonials here - https://howtofinancemoney.com/testimonials2/ If you think you might benefit from one-on-one interaction with CF, visit https://cflieu.com ★☆★ WANT TO OWN CF LIEU’s BOOK? ★☆★ 'Why 99% Financial Advice are Crap - the No Bullshit Approach to do what you're good at, live the life you deserve & enjoy the freedom you desire' Go Here go get it - https://howtofinancemoney.com/ ★☆★ NEED SOLID 1on1 ADVICE? ★☆★ Request a call with CF LIEU, but first, enter your details to see if you qualify: https://howtofinancemoney.com/contact/ ★☆★ CONNECT WITH CF LIEU ON SOCIAL MEDIA ★☆★ Instagram: https://www.instagram.com/cflieu1/ YouTube: http://youtube.com/channel/UCN11ZcQ85CsBo8YJoHUp07g?sub_confirmation=1 Facebook: https://www.facebook.com/lieucf #cflieu #getactionableadvice #reitmethod #privateequity
Views: 853 CF Lieu
Investing in a single company – Private equity investments – Wealth Club
 
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Private equity – investing directly in an unlisted business – is an established way for wealthy or sophisticated investors to tap into the potentially lucrative smaller company market. However, it can be high risk and time-consuming. If you are interested in investing directly into single companies – many of which qualify for EIS tax breaks – what are the golden rules to remember? This short video explains how single company investments can work and how Wealth Club can help. This video is not advice nor personal recommendation. The investments mentioned are not for everyone. Capital at risk. Tax benefits depend on circumstances and tax rules can change.
Views: 466 Wealth Club Ltd
Startup Funding Explained: Everything You Need to Know
 
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The Rest Of Us on Patreon: https://www.patreon.com/TheRestOfUs The Rest Of Us on Twitter: http://twitter.com/TROUchannel The Rest Of Us T-Shirts and More: http://teespring.com/TheRestOfUsClothing Part 2: https://www.youtube.com/watch?v=fcjmVj5fM5k Credits: Music by The FatRat. https://www.youtube.com/channel/UCa_UMppcMsHIzb5LDx1u9zQ If you're a YouTuber, definitely check The FatRat. The channel offers a wide variety of free-to-use music for your videos.
Views: 1131497 The Rest Of Us
The Difference between Private Equity and Venture Capital
 
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Rick Smith is the Co-founder of Crosscut Ventures (http://crosscutventures.com/) Private equity is a safer investment and venture capital looks for greater returns. FOR MORE EXPERT CONTENT VISIT: http://www.docstoc.com/resources/videos Docstoc is the largest online collection of business and legal documents to help you grow and manage your small business and professional life. http://www.docstoc.com/video/89632722/private-equity-vs-venture-capital
Views: 41582 docstocTV
Perpetual Equity Investment Company (ASX: PIC): Vince Pezzullo, Deputy Head of Equities & PIC PM
 
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Vince Pezzullo, Perpetual Investments Deputy Head of Equities and PIC Portfolio Manager, discussed with the Morgans network his views of FY18 Reporting Season.
Views: 156 Morgans
Equity vs Debt - Hindi (2018)
 
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What is Equity? What is Debt Investment & Fund Raising meaning? When you invest in an Asset or Business, you have mainly two choices to raise funds - Equity and Debt. Similarly, you can also invest in Equity Investment products such as Equity Shares, Mutual Funds, ULIP, ELSS, Private Equity, Venture Capital etc. or you can invest in Debt Instruments such as Loans, Corporate Bonds, Government and Infrastructure Bonds, Debt Mutual Funds & ULIPs etc. Related Videos: NPV (Net Present Value): https://youtu.be/SpHIBfPGwx8 IRR (Internal Rate of Return): https://youtu.be/x6eXfx2Tv-w Discount Rate: https://youtu.be/XqqD1d713W8 इक्विटी इन्वेस्टमेंट और फंडरेज़िंग क्या होता है? डेब्ट इन्वेस्टमेंट और फंडरेज़िंग का अर्थ क्या है? जब आप किसी संपत्ति या व्यापार में निवेश करते हैं, तो आपके पास फंड्स रेज़ करने के लिए मुख्य रूप से दो विकल्प होते हैं - इक्विटी और डेब्ट। इसी तरह, आप इक्विटी शेयर, म्यूचुअल फंड, यूएलआईपी, ईएलएसएस, प्राइवेट इक्विटी, वेंचर कैपिटल इत्यादि जैसे इक्विटी निवेश प्रोडक्ट्स में भी निवेश कर सकते हैं या आप लोन, कॉर्पोरेट बॉन्ड, गवर्नमेंट एंड इंफ्रास्ट्रक्चर बॉन्ड, डेब्ट म्यूचुअल फंड और यूएलआईपी आदि जैसे डेब्ट इंस्ट्रूमेंट्स में इन्वेस्ट कर सकते हैं। Share this Video: https://youtu.be/5CWrpR6mcFw Subscribe To Our Channel and Get More Property and Real Estate Tips: https://www.youtube.com/channel/UCsNxHPbaCWL1tKw2hxGQD6g If you want to become an Expert Real Estate investor, please visit our website https://assetyogi.com now and Subscribe to our newsletter. In this video, we have explained: What is the meaning of equity investment and fundraising? What is debt investment & fundraising? What is the definition of equity? What is debt? How funds are raised using equity or debt for asset or business? What are some common equity investment product? How does equity fundraising work? What is the concept of equity fundraising? What is the basic concept of equity and debt? How is the concept of equity and debt used in business? What is the difference between equity fundraising and debt fundraising? What options are there for equity or stock investments? Make sure to Like and Share this video. Other Great Resources AssetYogi – http://assetyogi.com/ Follow Us: Google Plus – https://plus.google.com/+assetyogi-ay Twitter - http://twitter.com/assetyogi Facebook – https://www.facebook.com/assetyogi Linkedin - http://www.linkedin.com/company/asset-yogi Pinterest - http://pinterest.com/assetyogi/ Instagram - http://instagram.com/assetyogi Hope you liked this video in Hindi on “Equity & Debt - Investment & Fundraising”.
Views: 20100 Asset Yogi
A look at Private Equity Investments in the Indian Market
 
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Financial Opportunities Forum (February 2018): Mr. Rajeev Thakkar, takes a look at how Private Equity businesses have shaped the business & investment climate in the Indian context. Private Equity investors have been involved in the Indian capital markets for a while now. They not only affect operational performance at many of their invested companies but also affect the market valuations by providing growth capital at the right time for businesses to scale. Presentation can be downloaded here: https://amc.ppfas.com/pdf-docs/fof/a-look-at-private-equity-investments-in-the-indian-market.pdf Disclaimer: Viewers should assume that PPFAS's Clients, PPFAS, its Directors, Employees have investments in the stocks and Mutual funds which are spoken about (long investment positions). We do not short stocks or indices. We do not speculate in Futures and Options.
Views: 4480 PPFAS Mutual Fund
About EQT Equity
 
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EQT Equity seeks high-quality, market-leading, medium-sized to large companies in Northern and Central Europe and the US with significant value-creation opportunities. EQT is a leading alternative investments firm with approximately EUR 38 billion in raised capital across 25 funds. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 19 billion and approximately 110,000 employees. Visit www.eqtpartners.com and read about portfolio company development, trends in various markets and sectors, and gain more insight into what EQT is all about.
Views: 1409 EQT Partners
What is Private Equity
 
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In finance, private equity is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange.[1] A private equity investment will generally be made by a private equity firm, a venture capital firm or an angel investor. Each of these categories of investor has its own set of goals, preferences and investment strategies; however, all provide working capital to a target company to nurture expansion, new product development, or restructuring of the company's operations, management, or ownership.[2] more info logon to : www.pegcc.org and www.privateequityatwork.com
Billionaire Stephen Schwarzman on Private Equity, His Life and Blackstone
 
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Billionaire Stephen Schwarzman interviewed by David Rubenstien. In this interview Stephen discusses early life and how certain opportunities made him what he is today. Stephen also discusses the creation of his firm Blackstone, and how he grew it to become the third largest private equity firm in the world(2016).📚 Books on Stephen Schwarzman and Stephen Schwarzman’s favourite books are located at the bottom of the description❗ Like if you enjoyed Subscribe for more:http://bit.ly/InvestorsArchive Follow us on twitter:http://bit.ly/TwitterIA Video Segments: 0:00 Introduction 2:44 Growing up /Fathers business 5:00 Yale 7:05 Lehman Brothers 13:08 Why did you leave Lehman Brothers/ Starting Blackstone 20:06 Trying to raise a fund 22:07 Expanding out of private equity 29:01 Deals you are most proud of and one that got away 37:15 Going public 43:29 Valuation for private equity firms lower than regular asset management firms 45:49 What do you want to do with your wealth? 51:07 Are you going to stay at Blackstone? Stephen Schwarzman Books 🇺🇸📈 (affiliate link) King Of Capital: http://bit.ly/KingofCapital Stephen Schwarzman’s Favourite Books🔥 The Prince:http://bit.ly/ThePrinceSS We Were Soldiers Once… and Young:http://bit.ly/WeWereSoldiersOnce The Interpretation of Dreams: http://bit.ly/InterpretationOfDreamsSS Childhood and Society: http://bit.ly/ChildhoodandSociety The Prize: The Epic Quest for Oil, Money & Power: http://bit.ly/ThePrizeSS Interview Date: September 15th, 2015 Event:The Economics Club Of Washington, D.C Location: Mandarin Oriental Washington, DC Hotel, Grand Ballroom Original Image Source: http://bit.ly/SchwarzmanPic Investors Archive has videos of all the Investing/Business/Economic/Finance masters. Learn from their wisdom for free in one place. For more check out the channel. Remember to subscribe, share, comment and like! No advertising.
Views: 44914 Investors Archive
Billionaire Leon Black: Investment Strategy for Private Equity
 
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An interview with billionaire Co-Founder of Private Equity giant Apollo Global Management, Leon Black. In this interview Leon covers four topics in depth: Apollo over 25 years, The firms investment strategy, Deals and Passions outside of finance. This interview offers a rounded view of Leon Black and Apollo Management Group. Like if you enjoyed Subscribe for more:http://bit.ly/InvestorsArchive Follow us on twitter:http://bit.ly/TwitterIA Video Segments: 0:00 Introduction 0:21The firm's growth over 25 years? 5:13 Investment approach and differences to other firms 14:54 What deals have you learnt the most from? 21:46 Passions outside of work Interview Date: 5th December, 2015 Event: Prime Quadrant Conference 2015 Original Image Source:http://bit.ly/LeonBlackPic Investors Archive has videos of all the Investing/Business/Economic/Finance masters. Learn from their wisdom for free in one place. For more check out the channel. Remember to subscribe, share, comment and like! No advertising.
Views: 17846 Investors Archive
CFA Level II: Equity Investments - Private Company Valuation Part I(of 2)
 
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FinTree website link: http://www.fintreeindia.com FB Page link :http://www.facebook.com/Fin... This series of video covers the following key areas: -public and private company valuation -uses of private business valuation and applications of greatest concern to financial analysts -various definitions of value and different definitions can lead to different estimates of value -the income, market, and asset-based approaches to private company valuation and factors relevant to the selection of each approach -cash flow estimation issues related to private companies and adjustments required to estimate normalized earnings -the value of a private company using free cash Row, capitalized cash How, and/ or excess earnings methods -factors that require adjustment when estimating the discount rate for private companies -models used to estimate the required rate of return to private company equity -value of a private company based on market approach methods and advantages and disadvantages of each method -Asset-based approach to private company valuation -Effects on private company valuations of discounts and premiums based on control and marketability -role of valuation standards in valuing private companies We love what we do, and we make awesome video lectures for CFA and FRM exams. Our Video Lectures are comprehensive, easy to understand and most importantly, fun to study with! This Video lecture was recorded by our popular trainer for CFA, Mr. Utkarsh Jain, during one of his live CFA Level II Classes in Pune (India).
Views: 4155 FinTree
Hedge funds, venture capital, and private equity | Finance & Capital Markets | Khan Academy
 
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Similarities in compensation structure for hedge funds, venture capital firms, and private equity investors. Created by Sal Khan. Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/core-finance/investment-vehicles-tutorial/hedge-funds/v/hedge-fund-strategies-long-short-1?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/investment-vehicles-tutorial/hedge-funds/v/are-hedge-funds-bad?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Finance and capital markets on Khan Academy: Hedge funds have absolutely nothing to do with shrubbery. Their name comes from the fact that early hedge funds (and some current ones) tried to "hedge" their exposure to the market (so they could, in theory, do well in an "up" or "down" market as long as they were good at picking the good companies). Today, hedge funds represent a huge class investment funds. They are far less regulated than, say, mutual funds. In exchange for this, they aren't allowed to market or take investments from "unsophisticated" investors. Some use their flexibility to mitigate risk, other use it to amplify it. About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy’s Finance and Capital Markets channel: https://www.youtube.com/channel/UCQ1Rt02HirUvBK2D2-ZO_2g?sub_confirmation=1 Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 137932 Khan Academy
How to Create a Private Equity Fund - PE Firm - AngelKings.com
 
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http://angelkings.com/invest - How to Create a Private Equity Fund/Firm and begin in private equity investing. Private equity firm (http://angelkings.com/course) AngelKings.com was built on the foundation of equity investments in high growth businesses. You can learn about the essence of "PE Firms" and "Private Equity" too. The leading private equity and venture capital fund, AngelKings.com, provides further resources on this topic including materials on what makes a strong private equity allocation for investment portfolios, http://angelkings.com/invest-in-startups
Episode 123: Introduction to Debt and Equity Financing
 
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Go Premium for only $9.99 a year and access exclusive ad-free videos from Alanis Business Academy. Click here for a 14 day free trial: http://bit.ly/1Iervwb View additional videos from Alanis Business Academy and interact with us on our social media pages: YouTube Channel: http://bit.ly/1kkvZoO Website: http://bit.ly/1ccT2QA Facebook: http://on.fb.me/1cpuBhW Twitter: http://bit.ly/1bY2WFA Google+: http://bit.ly/1kX7s6P Finance is the function responsible for identifying the firm's best sources of funding as well as how best to use those funds. These funds allow firms to meet payroll obligations, repay long-term loans, pay taxes, and purchase equipment among other things. Although many different methods of financing exist, we classify them under two categories: debt financing and equity financing. To address why firms have two main sources of funding we have take a look at the accounting equation. The basic accounting equation states that assets equal liabilities plus owners' equity. This equation remains constant because firms look to debt, also known as liabilities, or investor money, also known as owners' equity, to run operations. Debt financing is long-term borrowing provided by non-owners, meaning individuals or other firms that do not have an ownership stake in the company. Debt financing commonly takes the form of taking out loans and selling corporate bonds. Using debt financing provides several benefits to firms. First, interest payments are tax deductible. Just like the interest on a mortgage loan is tax deductible for homeowners, firms can reduce their taxable income if they pay interest on loans. Although deduction does not entirely offset the interest payments it at least lessens the financial impact of raising money through debt financing. Another benefit to debt financing is that firm's utilizing this form of financing are not required to publicly disclose of their plans as a condition of funding. The allows firms to maintain some degree of secrecy so that competitors are not made away of their future plans. The last benefit of debt financing that we'll discuss is that it avoids what is referred to as the dilution of ownership. We'll talk more about the dilution of ownership when we discuss equity financing. Although debt financing certainly has its advantages, like all things, there are some negative sides to raising money through debt financing. The first disadvantage is that a firm that uses debt financing is committing to making fixed payments, which include interest. This decreases a firm's cash flow. Firms that rely heavily in debt financing can run into cash flow problems that can jeopardize their financial stability. The next disadvantage to debt financing is that loans may come with certain restrictions. These restrictions can include things like collateral, which require the firm to pledge an asset against the loan. If the firm defaults on payments then the issuer can seize the asset and sell it to recover their investment. Another restriction is a covenant. Covenants are stipulations or terms placed on the loan that the firm must adhere to as a condition of the loan. Covenants can include restrictions on additional funding as well as restrictions on paying dividends. Equity financing involves acquiring funds from owners, who are also known as shareholders. Equity financing commonly involves the issuance of common stock in public and secondary offerings or the use of retained earnings. A benefit of using equity financing is the flexibility that it provides over debt financing. Equity financing does not come with the same collateral and covenants that can be imposed with debt financing. Another benefit to equity financing also does not increase a firms risk of default like debt financing does. A firm that utilizes equity financing does not pay interest, and although many firm's pay dividends to their investors they are under no obligation to do so. The downside to equity financing is that it produces no tax benefits and dilutes the ownership of existing shareholders. Dilution of ownership means that existing shareholders percentage of ownership decreases as the firm decides to issue additional shares. For example, lets say that you own 50 shares in ABC Company and there are 200 shares outstanding. This means that you hold a 25 percent stake in ABC Company. With such a large percentage of ownership you certainly have the power to affect decision-making. In order to raise additional funding ABC Company decides to issue 200 additional shares. You still hold 50 shares in the company, but now there are 400 shares outstanding. Which means you now hold a 12.5 percent stake in the company. Thus your ownership has been diluted due to the issuance of additional shares. A prime example of the dilution of ownership occurred in in the mid-2000's when Facebook co-founder Eduardo Saverin had his ownership stake reduced by the issuance of additional shares.
Grant Cardone Private Equity Fund Manager
 
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Views: 100012 Grant Cardone
Fair Value Method for Equity Investments (less than 20% ownership stake)
 
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This video shows how to use the Fair Value Method to account for Equity Investments. The Fair Value Method is used when a firm owns less than 20% of the stock of the investee (if the firm owns between 20% and 50% of the investee, it can make an irrevocable election to use the Fair Value Method). The Fair Value Method requires that the investment be marked to market (its fair value) on the Balance Sheet, and that any unrealized gains or losses flow through the Income Statement to affect Net Income. Also, any dividends received from the investee are recorded as dividend revenue, which increases Net Income. Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like Edspira on Facebook, visit https://www.facebook.com/Edspira To sign up for the newsletter, visit http://Edspira.com/register-for-newsletter Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin To follow Michael on Facebook, visit https://www.facebook.com/Prof.Michael.McLaughlin
Views: 8633 Edspira
Enterprise Valuation and Equity Valuation - For Acquiring a Business or Investing in a Company
 
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If a person is buying out a business or investing in a Company, a valuation exercise is conducted to ascertain the right amount to be paid for buying the Company or investing in it. Enterprise valuation, is a valuation of the business on the whole, whereas Equity valuation is investing in the shares of a Company. One often gets mistaken between these two financial terminologies viz. enterprise valuation and equity valuation and uses them interchangeably without recognising the difference. This video explains each term and also how they differ. It also explains the commonly used methods such as the discounted cash flow (DCF), Price to earning method (P/E) and others to calculate the Enterprise valuation and Equity valuation. ☞ Subscribe to our Channel: https://goo.gl/YqDpAu ☞ Like us on Facebook: https://goo.gl/QOJGSB ☞ Follow us on Twitter: https://goo.gl/xEJeXw ☞ Circle us on G+ https://goo.gl/zIDGA9
Types of Shares - Equity and Preference
 
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In this video i have explained about terms : Types of share Equity Share Preference Share Difference between Equity and preference shares ----------------------------------------------------------------------------------- Here are some recommended books for Share market education with corresponding links: Hindi books: Kaise market Mein Nivaise Kare - http://amzn.to/2fgFEkf Intraday Trading Ki Pehchan - http://amzn.to/2fGJmUO English Books: The Intelligent Investor - http://amzn.to/2xZ8cdw How to Make Money Trading with Candlestick Charts - http://amzn.to/2y0vBLi ---------------------------------------------------------------------------------------------------------------------------------- Share, Support, Subscribe!!! Facebook:https://www.facebook.com/BasicGyaan.F Twitter: https://twitter.com/BasicGyaan Instagram Myself :https://www.instagram.com/SunilSolves/... Google Plus: https://plus.google.com/1010703809019... Microphone i use : http://amzn.to/2xBYjBO About : BASIC GYAAN is a YouTube Channel, where you will find Videos on curious interesting topics related to Finance, Economics and Trending topics in Hindi, New Video is Posted Every week :)
Views: 291736 Basic Gyaan