Internship doing private placements - relevant?

Currently about to enter my sophomore year, and I'm interviewing for an internship at a boutique bank this fall. The bank mainly does private placements, and I would likely get some involvement with these deals while I'm there. It might not be as ideal as doing M&A, but it's been pretty tough to get anything for this fall.

I know that a lot of coverage groups at BB banks help companies raise capital, but publicly. In this case, how relevant would the experience be for IB SA recruiting? If I get this offer, should I take it or keep looking for more opportunities? If it may be relevant, I did a buyside internship this summer (think PE/VC).

Thanks

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