How relevant is this deal to PE?
I know that for PE recruiting, deals involving IPOs of early stage companies (like in biotech and tech) are fairly irrelevant, but how about a deal involving an IPO exit of a sponsor-owned company?
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Financings (ipos of sponsor backed companies included) are generally much less relevant to PE than M&A work
While math in PE is generally straight fwd, M&A math and general M&A due diligence are used much more often in day to day work
That being said, IPO work is still useful, and you can make the most of it by knowing the deal rationale (or at least exit rationale) inside and out for interview prep
If this is an IPO with a messy cap structure (eg common in VC backed deals), can also be a plus / applicable in many other settings. Unfortunately / obviously you have no control over this
Just me 2 cents, hope that helps
*Reposting as I am not sure if my original comment went through. If it did, apologies for duplicate --
Financings (ipos of sponsor backed companies included) are generally much less relevant to PE than M&A work
While math in PE is generally straight fwd, M&A math and general M&A due diligence are used much more often in day to day work
That being said, IPO work is still useful, and you can make the most of it by knowing the deal rationale (or at least exit rationale) inside and out for interview prep
If this is an IPO with a messy cap structure (eg common in VC backed deals), can also be a plus / applicable in many other settings. Unfortunately / obviously you have no control over this
Just me 2 cents, hope that helps
Curious as well. What if the IPO immediately followed a div recap (also worked on)?
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