IB to Corporate Development Modeling (on job as well as interview tests)

Given IB -> Corp Dev is at least a fairly common path for a lot of finance professionals, I am hoping there might be some good information here. But, most semi-related information focuses on LBO modeling, which I do not think makes sense here.

Currently, I am working in middle market investment banking (sell and buy-side M&A involving mostly PE transactions). I am curious what to expect out of the modeling tests/exercises during the interview stages for a senior corporate development analyst position. Also, it would great to know how these have reflected through the actual on the job modeling. Or, just a quick run down of on the job corporate development modeling.

Some more info on company: ~$5 BN market cap, publicly traded but still majority owned by investors (PE), average acquisition is $50M in transaction value (but will do some bigger)

Thought PE point could be relevant as some M&A work could be done in house (corp dev arm) and some by PE associates themselves (would be interesting to understand that split)

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