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What is the secondary market? The secondary market is where investors trade existing securities. They do not buy securities from the...

A working capital adjustment is a type of purchase price adjustment seen in the acquisition of a business. A buyer would demand a working...

What is operating working capital? Operating working capital (OWC) measures a company's short-term financial health and operational...

How does private equity recruitment work? Private equity is a highly competitive field with limited but highly paid roles. Most...

What is the multiple on invested capital (MOIC)? MOIC stands for "Multiple on Invested Capital" and is a widely accepted measure of...

TMT stands for Technology, Media, and Telecommunications. It is a specific industry group within Investment Banking that covers clients...