Share Purchase Agreement Template: 2026 Free SPA Template With Drafting Guide
Share Purchase Agreement Template: Free SPA Template With Drafting Guide A share purchase agreement template is the reusable, clause-by-clause skeleton that buyers and sellers start from when one party is acquiring the issued share capital of a private company. Whether you are pulling a share purchase agreement template off the shelf for a UK Companies […]
IRS Rules on Owner Financing: 2026 Land Contract and Installment Sale Tax Guide
IRS Rules on Owner Financing: How Land Contracts and Installment Sales Get Taxed The IRS rules on owner financing turn what looks like a simple handshake transaction into a four-layered federal tax regime: installment-sale gain recognition under IRC 453, imputed-interest rules under IRC 483 and 1274, original-issue-discount (OID) accounting under IRC 1272 through 1275, and […]
Spreading Comps: 2026 How to Spread Comparable Company Multiples Line-by-Line
Spreading Comps: How to Spread Comparable Company Multiples Line-by-Line Spreading comps is the line-by-line process of taking each public peer’s financial filings and rebuilding a clean, apples-to-apples set of multiples, EV/Revenue, EV/EBITDA, EV/EBIT, and P/E, that a managing director will actually trust on page 5 of a pitch book. The work sounds clerical, calculate market […]
Accretive vs Dilutive: 2026 M&A Deal Impact on EPS Explained
Accretive vs Dilutive: How M&A Deals Impact EPS Math When a public buyer announces a deal, the first question every sell-side analyst, portfolio manager, and CFO asks is simple: accretive vs dilutive. The label tells you in one word whether the transaction lifts pro forma earnings per share above the buyer’s standalone EPS (accretive) or […]
Paper LBO Examples: 2026 Worked Walk-Throughs for IB and PE Interviews
Paper LBO Examples: Worked Walk-Throughs for IB and PE Interviews If you are prepping for a private equity (PE) or investment banking (IB) interview in 2026, you need paper lbo examples you can replicate from memory in under 10 minutes with nothing but a single sheet of paper and a pen. This guide gives you […]
Deferred Sales Trust: 2026 DST Guide as Alternative to Installment Sale
Deferred Sales Trust IRS Guide: How a DST Defers Capital Gains Tax on Business Sales A deferred sales trust IRS strategy lets a business owner sell a company, real estate asset, or other appreciated property to an irrevocable third-party trust, take back an installment note, and spread the capital gains tax across the note term […]
Mid-Year Convention: 2026 DCF Mid-Year Discounting Guide With Excel Formula
Mid-Year Convention: How to Discount Cash Flows With Mid-Year Adjustment The mid year convention is a discounting assumption used in a discounted cash flow (DCF) model that treats projected free cash flows as if they arrive in the middle of each forecast year rather than at the very end. Instead of discounting Year 1 cash […]
LBO Modeling: 2026 Step-by-Step Build Guide for Investment Banking Analysts
LBO Modeling: The 7-Step Build Guide for Investment Banking Analysts LBO modeling is the process of building an Excel model that simulates a leveraged buyout: you forecast the target company’s operating cash flow, layer in a sponsor’s capital structure of equity plus senior, second-lien, and mezzanine debt, run the debt schedule until exit, and back […]
Public Comps: 2026 Trading Comparables Methodology for M&A Bankers
Public Comps: How to Build a Public Company Trading Comps Set Public comps, short for public company comparable trading multiples, is the valuation method that benchmarks a target business against publicly traded peers using market-derived multiples such as EV/Revenue, EV/EBITDA, EV/EBIT, and P/E. It is the first valuation any sell-side analyst pulls up when a […]