How many deals did you see close as an analyst?
When you were an analyst how many deals did you see close? Either from start to finish or staffed halfway through its completion. How many of them each year?
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I don’t see how this is going to be of any value add to you in particular, but if you’re worried, it’s all about the luck of the staffing draw in a lot of cases. do good work and you’ll be able to close a deal or even 2 but honestly I’ve seen many analysts go through 2 years never having closed a single M&A deal. maybe an IPO and definitely a debt financing of some sort but it’s really just a bit of chance.
for PE recruiting people make deals (haven’t closed yet) up all the time. you sort of have to nowadays.
Five M&A deals (four buyside 1 sellside), 3 IPOs (two lead left), 10+ high yield deals (F-ing bank books) and maybe had to do some work on 2 IG deals. Oh and we did some little pre-IPO private placement. And a huge convertible to finance one of the M&A deals (biggest fee of my career).
fucking stacked 2 year stint man. 4 fucking BUYSIDE M&A deals that actually closed and your client won the process, that’s insane.
Three were sponsor deals, which also got us the underwriting mandate, which led to those HY bank books. One was a public buying a public...that led to the convert.
Damn that is a really successful 2 year stint. What was the hit rate on successful vs. dead deals? Cause I really hope you didn't also have a billion dead deals.
Personally did 1 private placement, 1 joint private placement / debt deal, 3 M&A sell-sides (1 traditional M&A, 1 corporate carveout, 1 that turned into an asset portfolio sale), 1 convertible debt raise, 1 buyside on behalf of a large public + god knows how many broken deals in ~3 years.
Edit: To be perfectly clear, closed deals =/= success in recruiting / your worth as a junior banker. Completely luck of the draw and people understand as an analyst, it's not necessarily up to you. And even if deals fall apart, you can still learn a ton from them and put them on your resume in a way that shows your contributions in a positive light.
Pretty good success rate. Had three very high profile potential deals that I worked on that ultimately fell apart. One fell apart and ultimately got done again a few years after I left, but unfortunately never closed due to regulatory issues. One fell apart in the diligence stage over some disagreement as to patent language and term. One was a hostile that was announced but ultimately a white knight came over the top and got the target. I have a pretty great experience.
I almost worked exclusively on live deals during my second year...no pitching, which was nice but insanely busy.
3 M&A (two buy-side, one sell-side) and 1 IPO. It's completely random honestly. The transactions I spent the most time on all failed but I managed to announce some random transactions that just popped up out of nowhere and weren't that intense. I could easily have 0 or easily have 5
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