Harris Williams IB Interview Questions With Answers

Harris Williams - ✔ ✔ Culture: entrepreneurial spirit; small deal teams so independence & I have a high level of responsibility (timescale); professional integrity. Outplaceme nt program: Into a PE firm that works closely with HW, already has trusted relationships w/ that PE firm. Why Harris Williams - ✔ ✔ SEO Webinar: Sara Moir & Peyton Curdts. Strictly M&A --> Why does that appeal to you? No conflicts of interest (speaks to culture of professional integrity) 2 deals at a time to gain as much exposure as possible: one at earlier stage (perhaps due diligence or marketing presentation) & one at a later stage (buyer's diligence) harris Williams demands a high -level of responsibility among analysts working in small transaction teams of 5-6 people, and I am convinced that my diligent work ethic and strong set of interpersonal skills make me well suit ed for this role. English minor: assist in writing and preparing presentation materials. BLK Relationship - ✔ ✔ --> leverage my skills in this role when preparing investment considerations to a client (why or w BLK Arcos Dorados Stock - ✔ ✔ --Macroeconom ic investment thesis --liquid business model, recession -proof industry, and & it just refinanced its debt. Why middle market? - ✔ ✔ Industry Group you're interested in at HW: - ✔ ✔ Recent M&A Deal - ✔ ✔ -MasterCard's Acquisition of Nets' corporate ser vices business (its largest ever acquisition) for $3.19 billion. -Nets is a Danish company offering clearing services, e -payment services, and e -billing services. -follows MasterCard's recent takeover of Transact & Vocalink (enables payments to move b/w banks) -why: main driver for the purchase is the risk that consumers who traditionally used cards for payment are transitioning to other digital methods -Pros: Will allow MasterCard to deliver faster payments, and use its Transact technologies to deliver faster cross -border payments to bank accounts/wallets/credit cards. -Cons: Mastercard (as well as Visa) still face competition from fin -tech firms like Venmo that bypass cards Multiples: 2.9 EV/EBITDA; 7.6 EV/Revenue Why I'm interested in this deal: -Echoes ongoing consolidation of the payments industry --which has seen multi -billion dollar transaction this year (Fiserv buying FirstData; Fidelity buying WorldPay) --> Historically, payment providers have performed domestic services, but now that there i s an increasing amount of services performing cross -border transactions, I foresee a trend of acquisitions of competitions in foreign markets (like this example)