Piper Sandler Flashcards
Which sector coverage groups are open in Minneapolis?
Minneapolis:
Consumer, Diversified Industrials & Services, Healthcare teams
Which sector coverage groups are available in New York?
Healthcare
What is the sell-side M&A process?
- Strategize (Value Company, Identify Buyers)
- Probing (Reach out to potential buyers)
- Negotiating (Manage risk, due dilligence, provide guidance)
- Closing (Choose best buyer, execute on plan)
What is the buy-side M&A process?
- Determine acquisition strategy
- Candidate search
- Due dilligence process
- Complete valuation
- Letter of intent
- Closing
What is a debt capital market?
Definition: A Debt Capital Market (DCM) is a market in which companies and governments raise funds through the trade of debt securities, including corporate bonds, government bonds, Credit Default Swaps etc.
What would someone in a DCM role do?
Therefore, in the DCM Team, you advise companies, sovereigns, agencies, and supra-nationals that want to raise debt.
What does someone in ECM do?
You’ll spend most of your time advising companies that want to raise equity capital.
What is the IPO process?
- Choose underwriter
- Have SEC review your financials
- Road show to market stock to investors
- Release of stock on exchange
- Quarterly filing of financial statements
Are there any transactions you’ve followed?
Sale of Merck & Co subsidiary to StayWell to WebMD.
What is significant about staywell?
The StayWell Company has products including its core StayWell employee wellbeing platform and the Krames clinical patient education platform.
What have you noticed in the DCM markets for Piper Sandler?
Acquisition of a lot of senior secured debt.
When was Piper Sandler formed?
Jan 2020 Merger - Piper Jeffrey and Sandler O’Neill
Where is Piper Sandler Based?
- Based in Minneapolis, Minnesota
When was Piper Jaffary Founded?
The company was founded in 1895.
Is the company international?
Yes - Piper Jaffray has 55 offices in the U.S., Europe and Asia.[1]
