Deal professional couples
Hi guys:
Out of curiosity, have you seen it work when two parties of a couple are both deal professionals? (Job title on this post is throw-away). Thanks!
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Yes. Happening more often. Recently dealt with a situation where sell-side banker’s wife was leading DD at one of the buyers … awkward in an amusing way. All worked out in the end.
Definitely seen it happen successfully plenty of times. Usually the two deal professionals aren’t working in the exact same capacity, meaning one could be a lawyer and while the other works in PE. No reason why it won’t work. In fact, it generally makes things easier because each party is very understanding of the other’s work demands, which is particularly useful if you’re both still young.
Agree with the post above
What about a couple working in the same division in the same firm? Are there any conflicts?
what did you do
Two people who were analysts with me got married and now have a child. They don't work together anymore, but at one point they did while they were dating.
It can work, but it takes an increased level of professionalism and care.
so we had a general situation a few years back... investment principal in a fund was pitching deals from a dept that was overseen by her husband. They started in these roles as strangers and colleagues, then started dating and got married.
The governance was setup in a way that principals should "filter" incoming deals, investments, etc. - this was a conflict of interest.
but nobody did anything about it.
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