How to Spin this Closed Deal?
Reposting as it looks like my original post got moved and I can't find it anywhere.
Left banking 2 years ago, unfortunately none of my deals closed (as is the luck of the draw) until one month ago. A company I worked on the sell-side for just announced sale after I spent 3 months working with their corp dev team and created the entire CIM and financial model before news came out that the parent company was getting busted for money laundering and my BB turned down the deal afterwards for PR purposes. The news of the money laundering is public as is the sale of the asset and price.
I had a friend at different bank who called me and asked me if I was on XYZ deal and told me that my name (from the comments) were all over the CIM and financial model and they were just taking it from there and reaching out to buyers. The deal eventually closed with this other bank and I've been debating about putting it on the resume. On one hand, I did all of the marketing work other than the actual reaching out to buyers, on the other hand if I am asked about the deal, interviewers may think its weird since I didn't actually do the deal (but to me I did).
Its a similar concept of how some analyst will begin a deal and then it takes years to close, which another analyst picks it up. Its very reasonable for both analysts to put the deal on the resume. The only difference is that the other analyst is at a different bank. Thoughts on how to spin this or if I can reasonably add it to my resume?
Note to mods: I would appreciate if you could keep this post in the IB forum as there is no traffic to wherever my original post was moved and I can't even seem to find the post itself.
I probably woudn't. Would just describe your role and industries you cover in the bullets.
It would make me worry that you're less likely to keep info confidential
All the info is public - parent co went down the drain after the news came out. The transaction of the asset, including the price, is public as well. My bank just didn't do the deal, however, I happened to do all of the work on the deal.
How would this change your answer?
Is it public that the bank you were working at was an advisor on the deal in some capacity?
If not, you putting on your resume that you worked on the deal while you were at said bank, is disclosing non-public information.
Are you really asking or have you already made up your mind and looking for validation?
Actually asking.
I had assumed you meant confidential as in the money laundering stuff, given the context. I actually wasn’t even thinking of the bank side of things as I’ve been out of IB for years now.
If a deal fell through due to funding issues, can you still list it even though you and your team had already done a good amount of work? What about if you start working on a deal, and your internship period ends, so you don't see it through
Bump
I get the pun, “spin”, like a laundry machine, and “money laundering” like a laundry machine. Good one OP!
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