How to Discuss Prior Deals you had Worked (in M&A) on in a IB FIG Analyst interview?
How? This was like 2 years back, where I worked in the M&A product group at a BB, where I worked on 4 deals, but only one of the deals was where I did a lot of the modelling, helping out the Analysts. I just remember the deal value and ebitda multiple and obv. the companies and what kind of deal it was (that's all!). What else do I need to know to successfully discuss them in interviews? Thanks!
You should know that many fig businesses, especially insurance companies, focus on earnings and P/E and P/B vs. EBITDA and TEV when thinking about valuation.
I know that.
this is the rough framework i've used, and it's held up fairly well.
-rationale: why was the company looking to buy/sell?
-general: industry dynamics and strengths/weaknesses of the firm
-key financial metrics: revenue; growth; EBITDA; EBITDA margin; multiple range; valuation range
-process walk through**: timeline? key phases? was it a broad or narrow auction? ~ how many firms did you reach out to? why was this process best suited for this deal?
-challenges: what were some of the hiccups you encountered? how did you help/manage those problems?
-outcome: self-explanatory
**this is usually where you can talk about what you did during the deal: financial model + valuation, teaser, CIM, management presentations, data room, etc...
hope it helps
Qui ipsam quia distinctio quae qui. Aut voluptates eos voluptatibus laborum voluptatem rem. Nesciunt hic dignissimos sequi ut dolores voluptatem ad placeat. Expedita reprehenderit neque soluta dolore. Et qui laudantium exercitationem nesciunt molestiae hic. Voluptatem autem esse temporibus magnam ut voluptatem.
Sunt itaque eaque rerum quasi. Blanditiis impedit eveniet quo laborum voluptatum. Vitae et fugiat quidem aut quisquam quam.
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...