Interviewing with an I-Bank That Is the Sell-Side Advisor of A Transaction Listed On My Resume
If I am interviewing from PE to IB with an investment bank that is the sell-side advisor of an on-going PE transaction on my resume, am I allowed to disclose the Company during the interview to drive a better discussion? I am assuming the I-Bank already knows that the transaction on my resume is the one that they are advising because there were only a few PE firms in the bidding process. In the event that they ask me in the interview if I am talking about X Company, am I legally allowed to disclose it?
Unless I'm misreading it, you and the bank are on opposite sides of the table. Why would you want to talk in depth about an ongoing transaction? You aren't on the same side. You are trying to buy a company at the cheapest price possible, and they are trying to sell at the highest price possible.
Right - I understand. The transaction on my resume is listed as $X ABC Industry Company and before my internship ended the PE shop was going to submit a revised LOI (which was granted due to lower expected E2020 EBITDA due to Covid-19. Therefore, It's very obvious on my resume that this is a transaction that they are advising on.
Do you suggest I discuss the transaction as I normally would (excluding confidential information) with other interviewers? Or would it be best to avoid speaking about details such as the rationale behind the investment?
You talk about it like any other transaction: tell them enough so that they feel like you actually did something, and nothing more. Investment rationale is pretty obvious most of the time.
Thanks, I appreciate your help
Lol when I saw the thread title I thought you had lied about being on a sell-side transaction and were now interviewing with the actual advisor. That would have been hilarious.
Hahahah I would start packing my bags to leave the country
One of the slippery kids in my analyst class listed around half of our firm's high profile transactions on his resume during PE recruiting. It might have worked if he studied our internal materials enough, but he got SMOKED when a principal at a PE firm pulled out the book to ask him questions on the financials.
How do you know this group specifically did the txn? You're fine b/c they don't know exactly what you did on the other side. Can still talk freely just don't say you did a tech pres or thye'll be like: "We didn't see one circulated"
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