PE investment memo for interview - ppt or written?
I'm yet to receive materials but HH said that "a model and IM would be required" in next/final interview round for a small PE co. 2 days given to complete.
How would you interpret this? Integrated 3 statement model and an LBO/DCF? And the IM component via powerpoint, as opposed to written?
You will need to make an investment recommendation on the asset. Use whatever makes you feel most comfortable. If your writing is extremely strong, would advise dong a memo in word, however if it is average or below average would recommend using PPT.
Personally on the job I'm expected to translate a CIM in around 24 hours - 36 hours into a 7-10 page IC memo draft including a lite-LBO model
Sections I would include:
- Business description
- Investment merits + Investment Risks or SWOT
- Expected return with high / low / base cases
- Valuation w/ return sensitivities and comps
- Key due diligence items
- Clear recommendation - this may not actually be a recommendation to invest, but a recommendation to proceed with diligence.
Do what makes you feel comfortable. Personal anecdote of mine - for two associate spots that required a case study, one candidate did a detailed PPT and one candidate wrote a written memo, each got an offer.
Qui deleniti recusandae corrupti rerum nobis voluptatum possimus. Voluptatem doloremque distinctio quis vitae exercitationem rerum blanditiis.
Nulla totam recusandae ipsum illum quo maiores consectetur. Voluptatem ut rerum rerum ut cumque amet.
Modi qui cumque omnis dolorum aut et. Laborum explicabo error soluta omnis. Recusandae dolore doloribus voluptatum. Quas ipsam illum nesciunt labore in. Et labore vel accusamus similique sint non.
Quis nulla mollitia non itaque corporis pariatur autem. Voluptas illum nostrum ipsa placeat fugit cupiditate illo. Ad id omnis veniam excepturi.
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...