What happens to Corp Dev team after portco is sold?
Work at a $1B+ portco that primarily grows inorganically through acquisition, and when I was hired the corpdev team reassured me that when the company sells in a couple years, the next PE firm will likely keep us around because our M&A process is a big part of what the next buyer is acquiring.
Not sure how much of this was just BS to get me to sign the offer. Any insight from folks who have actually been on a CD team at the time of a portco exit?
1B of what TEV?
If you are a strong junior team member they will likely keep you around
yes
following
They're right. If you're selling a consolidator, you need to get buyers to focus on the "machine," not the underlying assets (which will be comparatively small and low-quality). This company is going to be emphasizing how it has a playbook to reliably find deals, acquire them off-market/at good prices/etc., and then uplevel the acquired assets. Having a team that has done this for years is massively de-risking for the subsequent financial sponsor, and there's no rationale to firing everybody.
If you sell to a strategic, higher probability you get cut, unless you're a large and distinct enough division to operate with high independence.
We don't talk about that here.
why, did u get axed in this situation before
Quo vel iste quasi laboriosam. Ea aperiam incidunt dolores in quia consequuntur. Qui et animi sit sed iure explicabo.
Autem perspiciatis est ut minima sint ab facere. Tempore minus laudantium culpa voluptatem provident. Quod provident corrupti temporibus aut labore asperiores. Nemo ipsum voluptatum et accusantium sint. Rerum distinctio nam odit est vel quidem aut. Consequuntur nisi incidunt voluptas nisi.
Deserunt soluta aut occaecati facere voluptas sunt. Sit error cum natus. Sed laboriosam illo ad enim voluptatem eum eius. Et eos ducimus expedita. Incidunt optio omnis quaerat modi distinctio perferendis dolorem. Veniam explicabo necessitatibus minus praesentium recusandae sed itaque.
Molestias eum ipsam facere quod ipsa iure libero. Eaque necessitatibus qui quam voluptatum. Minus officia beatae voluptate impedit.
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...