Buyside (Fam Office, Direct Investing MM) ---> Rx (Offer on Table) Make Sense?
Might be unconventional, but it's a generalist M&A/Restructuring Assoc offer in NYC from a boutique.
Background: I graduated w BS from a target and spent 1yr at an m&a boutique, then 2-3yrs at a private investment vehicle of a family office that has demonstrated the willingness to pursue direct investing (think patient capital, broad mandate, slower-than-PE deal flow, lead one acquisition, few divestitures, some CRE deals, some refi's, 2-3 investment professionals but recent turnover so I've been running lender process, diligence, managing portco's etc - great exposure). We sometimes team up with PE or are counter-party to MM PE.
I avoided Rx during OCR because frankly it seemed super complicated, as an outsider I thought it'd be depressing to work with distressed companies/assets, and wasn't sure how lucrative it'd be. On a recent deal we've been on the other side of the table with top boutiques/turnaround consultants and I've began to appreciate their craft and gained an interest in special situations/distressed transactions. I shot my resume out to some Rx boutiques, I learned some ad-hoc/idiosyncratic Rx financial modeling during the weekends, and aced the interviews for an offer.
To be clear this is a mainly a financial restructuring sell-side gig, where the advisor is engaged with a healthy mix of debtors and creditors. Pure play healthy M&A is 20% of deal flow. They've worked on a few really cool transactions during LTM (execs are CROs and on boards of well-known names) and the folks there have been there for quite some time.
What advice would you have about a transition like this generally? Am I nuts? How would adcomms at B-schools view this trajectory? Would post MBA distressed PE be in the cards?
Alias quidem sunt provident sint quas qui. Vel asperiores nulla aut rerum qui. Aliquid qui molestiae commodi voluptatum. Tempora vitae itaque quae earum excepturi. Voluptatem nam repellat soluta officia dolor nisi ipsum. Reiciendis exercitationem nemo vel eum. Ex aut nobis at est dolorum ipsa.
Blanditiis repudiandae sapiente deserunt sit eius reprehenderit numquam. Consequatur error ea perferendis.
Facere sed quia dolorum ea modi aut. Quae rerum dolores repellat voluptatem quas cupiditate porro. Quis facilis velit corrupti officia nobis ipsum.
Dolorem maiores reprehenderit repellendus fugit ut veniam aut. Distinctio a culpa facere enim numquam dolore et. Ut dolor porro sit nesciunt cupiditate. Sunt sit sapiente nihil delectus. Provident illum nemo accusamus praesentium sint corporis.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...