Does anyone have first hand experience or know of anyone that has worked in this group? Hours/pay/exit opps/etc?
Based on my research, it seems like they work with a lot of private equity shops doing pre/post merger due diligence, integrations, performance improvement, etc.
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Your understanding of what the role will be is correct. I'd guess you may be able to move to another consulting firm (not sure how difficult it would be to move to MBB from that role given E&Y is at least a tier below, maybe two) to do similar work or find a MM PE position from the operator side.
But, to me, this screams Corp Dev / Corp Strat. In-house acquisition departments always need assistance with integration and actually realizing the expected value post-acquisition.
Thanks for the quick reply. I'm somewhat clueless when it comes to PE - can you explain what you mean when you say 'from the operator side'?
For simplicity's sake, PE focuses on two areas:
1) Finance - mostly modeling, evaluating IRR, leverage and covenant levels, etc.
2) Operating side - integration, ways to expand margins, opportunities to improve efficiency
Your side of TAS would be focused more aligned with the second aspect. There are TAS roles that are heavier on the first point, meaning they are doing upfront diligence to ensure quality of earnings, explain working capital status, conduct market research, etc. The goal pre-acquisition is making sure that it makes sense for the PE firm to go forward with the acquisition. Some is done between the IOI and LOI stages, but the bulk is done post-LOI and pre-close.
Integration and performance improvement (maximizing value creation) is particularly key for corporate clients, of which you will have many, but also to add-ons to existing portfolio companies for PE clients. Given the nature of the job, I would expect more interaction with corporate clients or PE firms that are aggressive with roll-ups, add-ons. If you were working on the former, you would be mostly involved with PE firms and less with corporate clients.
Cheers, thanks for the info!
Anyone else know anything about the practice?
EY TAS - Operational Transaction Services (Originally Posted: 10/13/2013)
Anyone know anything about this group? Type of work/hours/pay/etc?
I am interested as well. Any thoughts?
EY Operational TS (Originally Posted: 01/12/2017)
Hello,
I have an upcoming interview with EY's operational transaction services practice. Looking for advice as what to expect from the interview as well as hours/pay/etc. My background is big 4 audit, and I am interviewing for a senior level role.
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