Number of Deals - Analyst Stint
How many deals did you close during your analyst stint and what is generally a good number of deals to have closed during your 2 years as an analyst? For context, I work at a borderline MM/EB firm (one of Guggenheim, Jefferies and William Blair) in a coverage group that also does execution (no M&A group support).I spent 70%+ of my time working on sell side M&A. I closed two sell-side M&A deals, both for the same MF sponsor (fairly large exits, one was ~$600M+, other was $1.5B+).
Other than that, worked on ~6 bakeoffs (won 4 of them but that doesn't matter), worked a few large debt deals, but they either fell apart or didn't chin the fee bar. Worked on a month long sprint as a buy-side advisor to a SPAC on a large deal, but SPAC decided the deal wasn't worth it at the last minute. Nothing else equity related until just this month where we got mandated as an active bookrunner on an IPO (not left lead).
I recall that I may have worked on / been a part of 5 closed transactions. In my humble opinion each analyst is different
I imagine you will never see a deal again! Hope you enjoyed those 5.
For me, I am finishing up my 2nd year, have closed 11 deals right now. But I note due to the nature of my industry and group, we are heavily execution-focused versus pitching.
I work at a regional boutique doing small-mid cap M&A transactions. In 10 months, I worked on 15 different deals and I closed 3.
In my stint I worked on two sellsides and one buyside that closed. It's a great look when they close but a lot of it is out of your control and is it bit of luck in some cases. At the junior level it's more important to ensure you get yourself on good staffings regardless of whether they close or not. Assuming you're asking other than out of pure curiosity, I wouldn't be concerned if you only closed two deals, but Jimmy over at Bank XYZ closed four deals. I'd rather be the analyst who ran with the modelling on a sellside that blew up than the analyst who worked on a deal that closed where all I did was manage the data room and field email traffic.
I closed 10 deals during my two years.
Just wondering, is there much value in working on equity deals? With M&A / debt deals you're getting some modeling reps, but with IPOs / FOs, you're really just writing up a memo, doing research, sitting in DD calls. Given how formulaic it typically is, is there any incremental benefit to closing more than one?
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