Hi All,
Gave this a shot in the search bar but only saw results about the Financial Sponsors Coverage Group.
From my understanding, boutique firms may not have a dedicated FSG team, so the industry coverage teams may advise upon sell-side and buy-side processes for PE firms. From conversations and google, I've found some of the following differences between M&A Advisory for PE clients vs Corporate clients:
- More exposure to LBO modelling, particular as a Buy-Side advisor
- Ability to base modelling of in-house models
- Consideration of Exit Strategy and potentially documenting Exit Papers as part of the pitch
- Greater emphasis on retainer fee structure for buy-side PE clients as bankers are kept to source potential portfolio targets
- More 'boring' due diligence work on sell-side M&A mandates as the DD process for PE clients is somewhat larger.
If you've had experience as an M&A advisor to PE clients please add some of the nuances you've experienced between advising an LBO vs advising other deals for corporates.
Are you asking in regards to buy side advisory for PE clients or sell side for their port cos?
I'm referring to both - although, wouldn't the sell-side be for the PE house as well, as they are selling their portfolio company?
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