Should I Include a deal on my resume that was put under LOI and was almost closed, but pulled by the seller last minute?
Hello all,
I am looking to sharpen my resume and start getting into the PE recruiting pool. I currently work for a LMM Private Equity firm in New York and am looking to break into a larger Middle Market Buyout firm.
I was able to get exposure to two deals that we closed but did not see the entire DD process through. I worked on the back end and finalized a few models and Investment Memorandum for the Investment Committee. Overall, I had great experience on these two deals and can talk highly about them in an interview.
However, there is one deal that I saw from the very beginning until the end. It was the sale of an health care company from another private equity firm. I was able to get exposure to initial DD LBO modeling, industry research, QofE etc., The only issue is that this deal was pulled by the seller at the last minute in bad faith.
Should I include this deal on my resume? If so, do I put in on there truthfully and say it was never closed? Or do I just say that this deal is something active that still hasnt closed?
Please advise.
You can go either way. I'd lean toward putting "ongoing" or something because you're still working there and it's a fairly innocent white lie but there's no issue with putting "terminated post-LOI" instead. Either way it's real, valuable experience and you should keep it on the resume.
Closing deals in the LMM is kind of a shitshow anyway knowing the kinds of people you're dealing with. I had a buddy who got to exclusivity on four different deals and only closed one!
don't reveal confidential information.
Understood, but should I talk about it as if it is a currently active deal?
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