Reference guides
Practical, evergreen guides on the transactions we advise on — mergers and acquisitions, venture capital, private equity, private debt. Each guide states the date it was last reviewed.
Browse the guidesThe Library gathers the reference material CGPH Banque d’affaires makes available to the people it works with: guides that are reviewed periodically, and long-form works. We publish this material because a transaction is prepared long before the first meeting — the better a founder, shareholder or investor knows the vocabulary, the instruments and the calendar, the sooner the conversation reaches what matters.
Practical, evergreen guides on the transactions we advise on — mergers and acquisitions, venture capital, private equity, private debt. Each guide states the date it was last reviewed.
Browse the guidesLonger works written by the teams of CGPH Banque d’affaires, readable online chapter by chapter or as a PDF facsimile.
Browse the booksWhat M&A actually is, how a transaction unfolds from first contact to closing, how companies are valued, and why most deals still fail to deliver — a data-backed guide.
17 min read·Last reviewed
What venture capital actually is, how funding rounds are structured stage by stage, why the power law dominates returns, and where the market stands in 2026.
14 min read·Last reviewed
What private equity actually is, how a leveraged buyout creates — or fails to create — value, where returns really come from, and what the 2026 data shows.
12 min read·Last reviewed
What private debt actually is, how direct lending, unitranche and mezzanine differ, why the market passed $3 trillion, and what 2026’s stress signals mean for borrowers.
12 min read·Last reviewed
What asset tokenization actually is, how a structure is built step by step, how MiCA and the DLT Pilot Regime apply, and which asset classes have genuinely scaled by 2026.
16 min read·Last reviewed