Deal Experience: On Cycle
This past year, on cycle recruiting started around the end of August, basically as soon as the new first year's hit the desks.
You've only been on the desk for a week and have no deal experience and might've not even been staffed yet. What can you expect to say when PE firms or head hunters ask you to talk about deal experience?
I was lucky enough that I was staffed on a deal during my summer internship. Although I actually contributed nothing of value during my summer internship, I still had access to the files for that deal (CIM, management presentations, final term sheet, etc.,) I was frank about my contribution (or lack thereof) and all my interviewers all seemed very understanding of it.
I used the old presentation files to re-trace the steps of the work that my deal team did, and thought about whether the investment would have made sense from an investor's perspective. Between July and August, I practiced my answer to "walk me through a deal" about twice to thrice a week, each time tightening and sharpening my response. I pretty much memorized the first 10 pages of the CIM by the time on-cycle kicked off. I could tell you 5 years of historical EBITDA by segment, and each end-market's growth projections, etc.,
I was able to secure an on-cycle offer, so something definitely worked in my favor.
Rerum saepe nesciunt corrupti fuga perferendis rerum. Veritatis repudiandae beatae possimus et blanditiis. Et earum dolor et dolor et dolores ut et.
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...