Our Masters of Business Administration (MBA) programme builds on this legacy, providing you with a solid foundation in core business principles while developing a broadened mindset and understanding of the role of business in society. You will be challenged to delve deep into the areas that interest you most and gain the strategic skills and insight to lead a successful, purposeful career.

Much has been made of the "Wall Street analyst," as though it were a uniform job description. In reality, there are significant differences between sell-side and buy-side analysts. True, both spend much of their day researching companies and industries in an effort to handicap the winners or losers. On many fundamental levels, however, the jobs are quite different.

A tuck-in acquisition, often referred to as a "bolt-on acquisition," is a type of acquisition in which the acquiring company merges the acquired company into a division of the acquiring entity.

Comes from Greek, meaning “working together”. The promised golden goose of most M&A transactions: saving money when combining two companies. Used to justify paying a significant premium for the acquisition. Predicted synergies are invariably greater than those achieved. The Alternative Oxford Private Equity Dictionary.

Standalone risk is the risk associated with a single operating unit of a company, a company division, or asset, as opposed to a larger, well-diversified portfolio.

Earnings Before I Trick the Dumb Accountant, but formally defined as Earnings Before Interest, Taxes, Depreciation and Amortization. It is a measure of the underlying earnings of the business; calculated as Revenue - Expenses (excluding tax, interest, depreciation and amortization). EBITDA is an important measure because it looks at underlying earnings, before financing costs and accounting adjustments such as depreciation and amortization. Prices of loans and companies are often expressed as a function of that figure. Hence, your EBITDA is big deal. Note an important finance gravity rule: An EBITDA always steadily goes up over time in a management presentation. The Alternative Oxford Private Equity Dictionary

When a mother (company) kicks one of its subsidiaries out of the family home. Usually, the subsidiary is happy to break free. PE firms often sponsor these transactions, which are then called Divisional Buy-Out. The Alternative Oxford Private Equity Dictionary

One of the most important and lengthy processes in an M&A deal is Due Diligence. The process of due diligence is something that the buyer conducts to confirm the accuracy of the seller’s claims. A potential M&A deal involves several types of due diligence.

We play a vital role in helping companies realize their growth potential. We uncover and unlock value by identifying great companies with untapped potential and enhancing their performance.

The process undertaken by potential investors, individuals or institutions, to analyze and assess the desirability, value, and potential of an investment opportunity. Usually, a lengthy and costly exercise, involving many consultants (ivy league graduates having some PowerPoint & Excel fun late at night!). The Alternative Oxford Private Equity Dictionary

Discover powerful new ways to navigate complex transformations in a way that shapes the future, and unlocks innovative paths to growth and value creation. Discover the NextWave of Private Equity.

EY-Parthenon is one of the largest global strategy consulting organizations, with more than 6,500 professionals. We help CEOs and business leaders design and deliver transformative strategies across the entire enterprise, to help build long-term value to all stakeholders.

Kajal is a member of EY-Parthenon's Transaction Strategy and Execution team that provides operations and technology-related advisory services around M&A transactions.

Over the last twenty years, Ludo has been actively researching the private equity industry.