Nuances of PE as M&A Advisory Clients

Hi All, Gave this a shot in the search bar but only saw results about the Financial Sponsors Coverage Group. From my understanding, boutique firms may not have a dedicated FSG team, so the industry coverage teams may advise upon sell-side and buy-side processes for PE firms. From conversations and google, I've found some of the following differences between M&A Advisory for PE clients vs Corporate clients: - More exposure to LBO modelling, particular as a Buy-Side advisor - Ability to base modelling of in-house models - Consideration of Exit Strategy and potentially documenting Exit Papers as part of the pitch - Greater emphasis on retainer fee structure for buy-side PE clients as bankers are kept to source potential portfolio targets - More 'boring' due diligence work on sell-side M&A mandates as the DD process for PE clients is somewhat larger.

If you've had experience as an M&A advisor to PE clients please add some of the nuances you've experienced between advising an LBO vs advising other deals for corporates.

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