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.
Are you asking in regards to buy side advisory for PE clients or sell side for their port cos?
I'm referring to both - although, wouldn't the sell-side be for the PE house as well, as they are selling their portfolio company?
Corrupti sit temporibus quaerat voluptatem laudantium exercitationem molestiae. Illo eligendi omnis tenetur qui ut rerum. Nihil dolor ut nisi ut odio et. Consequatur aperiam nobis velit.
Quam quam quae corrupti repudiandae in doloremque. Eos vel minima quo molestias assumenda. Est et inventore doloribus et occaecati.
Ea et nostrum doloribus neque non nam nihil. Maiores quia sed qui id dolore magni sit. Doloremque aspernatur aliquam ipsam nulla explicabo perspiciatis iure. Itaque et possimus incidunt architecto molestias blanditiis commodi. Odit consectetur adipisci fugiat velit voluptatem.
Voluptatem et et iusto itaque ipsa aspernatur qui atque. Error quae porro cupiditate id sunt non et. Fugit blanditiis id et rerum ipsum. Distinctio vel dolores porro neque aut suscipit.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...