The Opening BidTHE THINKING BEHIND THE TRANSACTION
THE IB ACADEMY

Build the fundamentals.
Then connect the dots.

Practical financial concepts for better deal conversations.

START HERE · FREE LESSON

Enterprise value vs. equity value

Learn what each number measures and how to bridge the two.

Read the lesson
01

Accounting

The three statements, working capital, and cash flow.

Full module coming soon
02

Valuation

Trading comparables, precedents, and DCF.

Full module coming soon
03

M&A mechanics

Purchase price, financing, synergies, and accretion.

Full module coming soon
04

Interview preparation

Practice explaining the logic behind your answer.

Full module coming soon
CHECK YOUR UNDERSTANDING · FREE PRACTICE

Equity value is $500m, debt is $150m,
and cash is $50m. What is enterprise value?