LMM PE Buyer Questions?
I'm interning at this LMM PE fund. So I'm helping evaluate deals. With this one project we signed the NDA, bankers sent us a CIM. I went through the CIM, came up with questions. I then sent the list to the banker for call today (I sent the list 3 days prior).
Examples of Questions I asked:
How much is historical capex?
Employee turnover?
Etc...
This guy was evading my questions constantly. I didn't think some were that detailed, but he made it kind of awkward. I never got on these calls in my no name-boutique internship. I asked some basic questions, and all he could tell me was about management and "expansion" opportunities.
How long do these calls typically last?
How many questions should I have (and how detailed should they be)?
Sounds like he was too lazy to get acquainted with the company he was pitching and had to avoid your questions so he could get out of telling you he has no idea and has to circle back.
If you are a legit buyer then the floor is yours. You should be able to ask 100 questions and expect sensible answers to them each. I suspect you got the wrong guy of they didn't take you seriously.
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