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- First Step to Final Offer 1/21/25
First Step to Final Offer 1/21/25
Brooks Gammill
January 22, 2025
Your weekly round-up of an M&A deal walkthrough, insightful market news summaries, technical quiz questions, and various internships, events, and diversity programs. A key resource to best prepare yourself for finance recruiting. If someone sent you the newsletter subscribe below!
CAREER OPPORTUNITIES
RecruitU Partner Opportunities
RecruitU partners are companies that have recruiters actively using RecruitU to find students for their full-time and internship roles. So if you’re signed up, you have more visibility with these companies.
Class of 2028 Opportunities
JPMorgan Chase & Co. 2026 Commercial & Investment Bank Investment Banking Latin America Sophomore Summer Analyst Program Link
Class of 2027 Investment Banking Opportunities
General Atlantic 2026 Summer Analyst programs – Multiple Positions Link
Alpine Investors Alpine HQ Summer Investing Analyst (2026) Link
SMBC 2026 Summer Intern Program – Multiple Positions and Locations Link
Lloyds 2026 Summer Analyst Program Link
CBRE Group, Inc. 2026 CBRE Investment Management Internship Program Link
LLR Partners LLR 2025 Diversity Collaborate - Summer 2026 Internship Link
LLR Partners Summer 2026 Investment Team Internship Link
JPMorgan Chase & Co. 2026 Commercial & Investment Bank Global Corporate Banking Summer Analyst Program Link
JPMorgan Chase & Co. 2026 Commercial & Investment Bank Insights Programs - Global Corporate Banking Summer Analyst Program Link
JPMorgan Chase & Co. 2026 Commercial & Investment Bank Insights Programs - Investment Banking Summer Analyst Program Link
Citi Banking - 2026 Summer Intern Program – Multiple Positions Link
Class of 2027 Other Finance Opportunities
To see c/o 2027 opportunities, click here: Class of 2027 Application Tracker
Class of 2026 Opportunities
Citi NAM Investment Banking, Shareholder Advisory Group, Summer Analyst- New York (North America- 2025) Link
TECHNICAL QUESTION OF THE WEEK:
A company seems to be boosting its ROE artificially by using leverage to fuel its growth. Which metrics or ratios could you look at to see if this is true? |
MARKET NEWS
Point72's AI Fund Nears $15 Billion Following Strong Returns
Point72 Asset Management's new AI-focused fund is nearing $15 billion in assets after delivering double-digit returns in 2024, according to sources. The fund, which leverages cutting-edge artificial intelligence techniques to identify investment opportunities, has attracted significant interest from institutional investors. This success underscores the growing role of AI in reshaping investment strategies and decision-making in the hedge fund industry. Point72’s results reflect a broader trend where technology-driven funds are increasingly outperforming traditional strategies, positioning the firm as a leader in the AI investment space.
Source: Reuters
Tennessee AG Reaches ESG Dispute Settlement with BlackRock
BlackRock has settled with Tennessee Attorney General Jonathan Skrmetti over allegations tied to its environmental, social, and governance (ESG) policies. The dispute revolved around whether BlackRock's ESG strategies conflicted with its fiduciary duties to state investments. The settlement includes transparency measures, ensuring BlackRock's ESG considerations align with its responsibilities to clients. While BlackRock denies any wrongdoing, it agreed to provide further disclosures about how ESG principles are applied. This case highlights the growing scrutiny of ESG practices in the financial sector, particularly by conservative states questioning their impact on shareholder returns.
Source: Reuters
M&A DEAL OVERVIEW
KKR Taps Goldman Sachs to Explore Stake Sale in Philippine Fintech Maya
KKR has enlisted Goldman Sachs to explore the potential sale of a stake in Maya, a leading Philippine fintech company, according to sources. The private equity firm is reportedly evaluating strategic options for Maya, which has emerged as a key player in Southeast Asia's growing digital financial services market. Maya’s comprehensive platform, which includes banking, payments, and digital wallet services, has positioned it as a standout fintech in the region. The move aligns with KKR’s broader strategy to capitalize on its investments in high-growth markets.
Source: Reuters
Blackstone Pursues $3 Billion Sale of Dylan and Adele Music Rights
Blackstone is reportedly seeking to sell music rights associated with legendary artists including Bob Dylan and Adele, aiming to raise approximately $3 billion. The move comes as the music rights market remains robust, driven by growing demand from streaming services and media companies. Blackstone’s catalog, part of its partnership with Hipgnosis Song Management, underscores the appeal of premium music assets as lucrative investments. Analysts suggest this could be one of the largest transactions in the music rights sector to date.
Source: Bloomberg
ADDITIONAL RESOURCES
LAST WEEK TECHNICAL QUESTION OF THE WEEK ANSWER:
Correct Answer: D, To ensure that the valuation multiples are consistent and comparable — Why is it important to select Public Comps and Precedent Transactions that are similar?
Explanation: Selecting similar Public Comps and Precedent Transactions is essential to ensure the valuation multiples are consistent and meaningful. Comparable companies and transactions reflect similar industry dynamics, growth prospects, risk profiles, and financial characteristics. This alignment allows for a fair and accurate comparison, reducing distortions that arise from differences in size, geography, or market conditions. Ultimately, it ensures that valuation insights are relevant and reliable for decision-making.