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Analysing Entry Multiples and Exit Assumptions in Buyout Deals

Private Equity

Analysing Entry Multiples and Exit Assumptions in Buyout Deals

Ethan Parker

09/22/2026

A private equity deal can look fantastic in a spreadsheet simply because one assumption near the bottom of the model ...

How Private Equity Firms Create Value Beyond Financial Leverage

Private Equity

How Private Equity Firms Create Value Beyond Financial Leverage

Ethan Parker

09/20/2026

Private equity is often associated with one simple strategy: buy a company with a lot of debt, improve the numbers, ...

How Capital Discipline Protects Businesses During Economic Cycles

Capital Allocation

How Capital Discipline Protects Businesses During Economic Cycles

Ethan Parker

09/16/2026

Economic booms can make almost any business look smart. Revenue is rising, credit is easy to obtain, customers are spending, ...

Understanding Return on Incremental Invested Capital in Valuation

Capital Allocation

Understanding Return on Incremental Invested Capital in Valuation

Ethan Parker

09/14/2026

A company can have an excellent historical return on invested capital and still make poor investments today. That distinction matters ...

How Management Teams Prioritise Buybacks, Dividends and Expansion

Capital Allocation

How Management Teams Prioritise Buybacks, Dividends and Expansion

Ethan Parker

09/10/2026

A profitable company eventually faces a surprisingly difficult question: what should it do with all the cash it generates? Management ...

Analysing Reinvestment Rates to Measure Sustainable Business Growth

Capital Allocation

Analysing Reinvestment Rates to Measure Sustainable Business Growth

Ethan Parker

09/08/2026

Fast revenue growth can look impressive, but it does not tell investors how much money a company must spend to ...

How Capital Allocation Decisions Shape Long-Term Shareholder Returns

Capital Allocation

How Capital Allocation Decisions Shape Long-Term Shareholder Returns

Ethan Parker

09/04/2026

A great business can still become a disappointing investment if management handles its cash badly. Once a company generates free ...

How Economic Profit Models Improve Traditional Equity Valuation

Valuation Models

How Economic Profit Models Improve Traditional Equity Valuation

Ethan Parker

08/29/2026

A company can report record profits and still destroy shareholder value. That sounds contradictory. After all, if earnings are growing, ...

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How Risk Budgets Improve Diversification Across Asset Classes

How Risk Budgets Improve Diversification Across Asset Classes

10/10/2026

Understanding Regime-Based Asset Allocation Across Market Cycles

Understanding Regime-Based Asset Allocation Across Market Cycles

10/08/2026

How Expected Returns Influence Long-Horizon Portfolio Construction

How Expected Returns Influence Long-Horizon Portfolio Construction

10/06/2026

Analysing Tactical Allocation Without Overreacting to Market Noise

Analysing Tactical Allocation Without Overreacting to Market Noise

10/04/2026

How Strategic Asset Allocation Shapes Long-Term Portfolio Returns

How Strategic Asset Allocation Shapes Long-Term Portfolio Returns

10/02/2026

How Debt Paydown Contributes to Private Equity Equity Returns

How Debt Paydown Contributes to Private Equity Equity Returns

09/30/2026

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