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Corporate Finance

Corporate Finance

Athleisure: Is the Rise of Comfort Reshaping the Economics of Fashion?

Download PDF Introduction Athleisure is the 21st century trend defined by the unique combination of athletic comfort and the fashion quotient of leisure apparel, creating a contemporary style of clothing. It mainly refers to apparel designed for athletic and fitness activities, as well as casual wear at workplaces or at Read more…

By BSIC, 6 months1 March 2026 ago
Corporate Finance

Mountains of Money: The Economics Behind Modern Ski Resorts

Download PDF Introduction For some simply a winter activity, the skiing business is one of the most structurally interesting and unique operations in the global leisure industry. Geographical scarcity, high cyclicality, weather dependency and capital intensity have motivated the once dispersed industry to consolidate in recent decades. Global players such Read more…

By BSIC, 6 months1 March 2026 ago
Corporate Finance

The SaaS-pocalypse: Is Software Dead and will Investors go down with it?

Download PDF Introduction Over the past decade, software became the number one business model for start-ups and the go-to solution for entrepreneurs chasing success. The asset-light business model characterized by recurring revenue and high operating leverage attracted investors from all over the financial markets. It was particularly attractive to private Read more…

By BSIC, 6 months1 March 2026 ago
Corporate Finance

“Pay-As-You-Earn”: An Overview of Royalty-Based Financing

Download PDF Introduction “Let it grow, let it grow, let it grow” – The Lorax The fundamental idea behind every profit-seeking firm is to take an initial investment and multiply it. One of the first challenges any daring entrepreneur must face on their journey towards unicornhood is how to secure Read more…

By BSIC, 6 months22 February 2026 ago
Corporate Finance

Private Equity and “Big Law”: The Rise of MSO/ABS Structures

Download PDF Introduction Law firms are traditionally structured such that senior attorneys operate within a partnership, ensuring they “maintain independence of judgement” and protect against any conflicts of interest. This principle is codified in Model Rule 5.4 of the American Bar Association (ABA), which prohibits the sharing of legal fees Read more…

By BSIC, 6 months22 February 2026 ago
Corporate Finance

Global IPO Outlook: Are IPOs Finally Back in 2026?

Download PDF Introduction Equity Capital Markets have suffered a prominent “drought” of IPOs in the past 3 years. In fact, IPO volume fell from 2,436 in 2021 to around 1,415 in 2022 and 1,298 in 2023, with global IPO proceeds falling by 42% in the same time frame. This slowdown, Read more…

By BSIC, 6 months22 February 2026 ago
Corporate Finance

Overbuilding Britain: Altnets and the Limits of Market Fragmentation

Download PDF Introduction The benefits of competition are supported by a strong economic literature and are clear to most market participants.  In competitive markets, firms are forced to maintain low prices in order to gain market share or avoid being undercut by rivals, ultimately benefiting consumers. Additionally, rivalry among firms Read more…

By BSIC, 7 months15 February 2026 ago
Corporate Finance

Winter Deal Recap: The Resurgence of Megadeals

Download PDF Introduction 2025 concluded with the resurgence of megadeals (transactions valued over $5bn), as encapsulated by headlines such as Netflix’s [NASDAQ: NFLX] $82.7bn bid for Warner Bros. Discovery [NASDAQ: WBD]. In contrast to Q4 2024, total deal value has increased by 127.6%, with M&A activity rising by 19.1% for Read more…

By BSIC, 7 months15 February 2026 ago
Corporate Finance

The Great Unwinding: The 2nd Wave of Deglobalization

Download PDF Introduction “Everything is connected; everything is a balance.” – The Giver In the 1850s, as technologies improved, the world underwent a drastic shift from a set of largely independent economies to a single, intertwined global economy. Ease of transport (through greater integration and innovation, such as steamships and Read more…

By BSIC, 7 months15 February 2026 ago
Corporate Finance

BDCs and First Brands: A Stress Test for the Private Credit Boom 

Download PDF Introduction Business Development Companies (BDCs) have recently experienced a boom, representing a major expansion in the US middle-market lending and private credit markets. In fact, BDCs now manage approximately $478bn and provide about a quarter of all “direct lending” to US companies. Their growth has bridged the gap Read more…

By BSIC, 9 months30 November 2025 ago
Corporate Finance

Is this time different? – An Inquiry into Financial Bubbles

Download PDF Introduction Recent discourse on the US economy has centered on a supposed AI-driven bubble. Nearly $1.5tn is being poured into data centers, microchips, and R&D in 2025, despite vague, circular business models. This has led regulators and experts (e.g., Michael Burry betting against Nvidia [NASDAQ: NVDA] and Palantir Read more…

By BSIC, 9 months30 November 2025 ago
Corporate Finance Markets

How is NVIDIA reshaping the stock market?

Download PDF Recently, long-time investor and market sceptic Michael Burry deregistered his hedge fund, Scion Asset Management, effectively stepping away from managing outside capital while remaining active in markets. Almost simultaneously, he re-emerged publicly with a series of posts and a Substack focused on what he characterizes as an AI-driven Read more…

By BSIC, 9 months30 November 2025 ago
Corporate Finance

Metsera Madness: Inside Pharma’s Most Thrilling Takeover Battle

Download PDF Introduction The creator of Ozempic, the American pharma giant, biotech start-up, bid after bid, boardrooms and courtrooms… Yes, as you’ve probably guessed already, this article will be talking about the unprecedented takeover battle in pharma sector. Novo Nordisk and Pfizer have put everything on the table in their Read more…

By BSIC, 10 months23 November 2025 ago
Corporate Finance

Sky-ITV Merger: Will Consolidation Save British Broadcasting?

Download PDF Introduction ITV’s [LSE: ITV] future has been the subject of much speculation, having attracted interest from potential buyers such as CVC Capital Partners [AMS: CVC]. However, ITV’s silence was finally broken on November 7, 2025, in a 70-word statement. ITV told shareholders that Comcast-owned [NASDAQ: CMCSA] Sky has Read more…

By BSIC, 10 months23 November 2025 ago
Corporate Finance

Shifting Capital East: The Rise of Private Equity in Asia

Download PDF Origins and Historical Growth Beginning in the 1980s, Asian private equity (PE) was still in its infancy. It was supported only by a few hundred million dollars in AUM and had a heavy reliance on public funding. Private limited partners (LPs) were rare, and capital originated mostly from Read more…

By BSIC, 10 months23 November 2025 ago

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This summer, BSIC members gained professional expe This summer, BSIC members gained professional experience across 30+ firms around the world, spanning investment banking, private equity, asset management, sales & trading, quantitative finance, consulting and more.

These placements reflect the ambition, commitment, and breadth of talent within our community.

We are proud of everything our members have achieved this summer and look forward to seeing where these experiences take them next!

#BSIC #SummerInternships #Careers #Bocconi
We are thrilled to announce the new BSIC Board for We are thrilled to announce the new BSIC Board for the Fall 2026 semester!

Lukas Wacker - President
Davide Saccone - Vice President
Zeno Steffens - Head of Corporate Finance
Lovis Schmidt - Head of Markets
Neel Roy - Head of Quant
Charentz Hovnanian - Senior Advisor
Preslav Georgiev - Head of Operations
Anna Tinuper - Head of Digital

#BSIC #Bocconi #BocconiAssociation #Finance #BoardAnnouncement
Looking for something worth listening to this summ Looking for something worth listening to this summer?
Discover BSIC’s podcast recommendations!

#BSIC #Bocconi #Finance #Podcast #Markets
BSIC Article of the Week: "Catching the Butterfly: BSIC Article of the Week: "Catching the Butterfly: A Relative Value Approach in OIS Curves"

When a yield curve misprice isn't random noise — it's a trade. We apply Principal Component Analysis to USD SOFR, EUR €STR, and GBP SONIA curves to reconstruct theoretical fair value, identify statistically significant dislocations, and pitch a live butterfly trade on the 6m GBP forward strip — all against the backdrop of a Bank of England caught between surging oil prices and a fragile disinflation path. 

👉 Read the full article on our website

#bsic #finance #fixedincome #interestrates #yieldcurve #PCA #quantitativefinance #ratestrading #swaps #macroeconomics
Our newsletter is out! Check out this week’s arti Our newsletter is out!

Check out this week’s articles on our website!

#bsic #markets #bocconi #finance #financeclub #financialmarkets #club #studentclub #investing #articles
BSIC Article of the Week: "A Taste for Separation: BSIC Article of the Week: "A Taste for Separation: Analysing Unilever's Strategic Break-Up"

Unilever is separating its food business from its personal care empire in a $44.8bn deal with McCormick — a transaction nearly a decade in the making, structured through a Reverse Morris Trust to minimise taxes and maximise strategic focus. But with 65% of the consideration paid in McCormick stock and leverage climbing to 4.0x, the real question is whether this is a clean value unlock or a complex bet on execution. 

👉 Read the full article on our website

#bsic #finance #unilever #mccormick #mergersandacquisitions #consumerstaples #spinoff #valuation #corporatestrategy #activistinvesting
Our newsletter is out! Check out this week’s arti Our newsletter is out!

Check out this week’s articles on our website!

#bsic #markets #bocconi #finance #financeclub #financialmarkets #club #studentclub #investing #articles
Navigating the Next Cycle: Dealmaking and Capital Navigating the Next Cycle: Dealmaking and Capital Flows in a New Market Regime — what an evening! 

A huge thank you to Niccolò Consonni (EQT Group), Andrea Simonetti (Gruppo Unipol), and Chengxue Chen (Lazard) for sharing their expertise at Bocconi Students Investment Club's latest speaker event.

The conversation around deal structures, capital allocation, and where markets are heading gave all of us a lot to think about. Thanks also to Professor Massimo Della Ragione for moderating such a dynamic discussion.

#BSIC #BocconiUniversity #PrivateEquity #InvestmentBanking
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