Buy-side M&A, gathering data for private companies

Hey guys!

Currently studying and preparing myself to pursue a career in IB. Studying on the technicals and what not. Anyway, if say you're doing analysis for buy-side M&A looking for candidates for acquisition, and the companies are private and information is not available: Say you can't find it in trade journals, industry reports, equity research, etc. -

Do investment banks reach out to management to ask for financial information. How do they go about this? Sell-side M&A is relatively straightforward, management will provide info to the IBs to help sell their company, it's in their interest. But what about buy-side M&A? Thanks

5 Comments
 

Biriyo Neru, sorry there are no responses yet. Maybe one of these topics can point you in the right direction:

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Or maybe the following users have something to say: Dagan Cauly Wallstreetneversleeps WildColonialBoy

I hope those threads give you a bit more insight.

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Capital IQ or Bloomberg I would guess. If they are private it is going to be a bitch to find. Might have to find some public deals for comparable comps.

 

Most of the time, management is typically reluctant to give out financial information. However, buy-side M&A firms typically have a few associates dedicated to calling acquisition candidates. They reach out to massive lists of companies and try to get more financial information to see if they would be a good fit for their client (the PE firm). Most of the time, the company will not be willing to share. However, occasionally the acquisition candidate is are open to the idea of a PE investment and they will share more of their company's information. Then the process goes from there.

 

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