Deal Flow - Solid for MM firm?
What would be considered a solid deal flow for a MM firm?
The firm has a pretty large reach. They are not located in NYC, Seem to have M&A deals mostly in south and midwest
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If you're working on more than one live deal at once you've got good deal flow.
Can anyone confirm this? I'm working at a small boutique but they have 5 live deals going on at once...Only 1 live deal doesn't seem like a good deal flow for an average MM bank
I believe Raptor was talking about individually, rather than the entire MM IB. Still seems a bit light. I generally have 2-3 live deals going on, with pitches sporadically throughout.
Depends on how many MDs and depends on how you define live deal.
Some boutiques consider pitching and initial contact a live deal already. And I think if you have one MD and are working on 1-2 live deals meaning you have one the engagement, I think that is good experience for an intern.
As an intern in a boutique you can't be too picky because the boutique market is saturated. If you're working on 5-6 deals than that is very solid.
I would echo the above statement that any multiple engagement period is good deal flow per MD. It's important to note that "live deals" being mixed with pitching and other sourcing activities is like rounding up 51 to 100.
While deal experience is the golden nugget everyone searches for, having a well rounded exposure to all aspects of the deal cycle will be great value during an internship, it creates a deep understanding of the big picutre.
Just my 2 cents.
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