Does only working on sell-side mandates impair your chances of moving to PE?

Hi,

For PE exits is it better to provide advise for the sell-side or buy-side or does it not matter at all? My consideration stems from an opportunity to work for a boutique bank which mostly does sell-side advise given that it does not have financing capabilities.

My inital consideration was that for sell-side mandates you'd be better positioned to know aboutt he process but lack some of the thinking required from an investor's perspective.

Many thanks for all replies/thoughts

 

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Best Response

No, I worked at a MM that mainly focused on sell-sides and honestly the exit opps to PE were great.

The main reason for this is that as a sell adviser, you're more likely going to actually close the deal, than you would advising on the buy-side. So, you'll probably have more transactional experience to be able to talk about during a PE interview.

And you'll still get a lot of investor interaction, through conference calls, management presentations and the due diligence process.

 

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