What transaction experience to highlight on resume? Comm. Banking -> IB/MM credit fund/PE

Background: ABL at a BB.

As the title says, what type of 'Transaction Experience' should I list on my resume to best spin/highlight my experience if I want to lateral into a IB position or a MM credit fund/PE firm, if possible?

A majority of my time is spent on the portfolio side (working with existing borrowers) executing extensions to their credit facilities when maturity is coming up (are these worth mentioning at all?), simple revolver/term loan upsizes (either for growth/capex expansion reasons, small bolt-on acquisitions (like a few $MM) and sometimes larger 'transformational' deals. I've also been pulled in a few times to screen new deals which typically involves spreading/analysis of co. financials, full credit risk analysis, structuring key terms (I don't actually decide the terms, just discuss with my head underwriter and then I put it all into a memo which discussed with our risk committee) but the few that I've done didn't really go anywhere and were relatively small/simple deals (say, $<50MM revolver).

Modeling-wise, we don't build out 3-statements or do anything that complicated. Most 'complicated' modeling I do is probably debt repayment analysis (in a highly leveraged scenario, seeing how much our borrower is capable of paying back over a 7-year timeframe). Aside from that, it's just simple spreading of key income statement and cash flow line items for calculating FCCR, putting together cap tables and sources & uses tables which are fairly simple, and borrowing bases.

WSO Elite Modeling Package

  • 6 courses to mastery: Excel, Financial Statement, LBO, M&A, Valuation and DCF
  • Elite instructors from top BB investment banks and private equity megafunds
  • Includes Company DB + Video Library Access (1 year)

Comments (12)

Apr 25, 2018 - 11:01am

Have some experience with lender diligence and also curious as to how this would play out for me as well.

"Even if you're on the right track, you'll get run over if you just sit there" - Will Rogers
Apr 26, 2018 - 10:00am

A friend went from CB to MMIB and his resume discusses "working with the CEO and CFO" regarding the senior debt financing on a few potential acqusitions and buyouts. Also discusses advising the structuring of subordinated seller paper in those cases.

So basically, talk about any deals your bank does to help fund an acquisition. Perhaps any funding your bank does for ESOP's would be applicable too. Otherwise maybe I would talk about deals you worked on with higher leverage.

Learn More

300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses.

Learn more
Apr 26, 2018 - 12:25pm

Thanks for the insight, finbrah. So mainly focus on any deals where we're funding/upsizing the credit facility for an acquisition, small or large? How about an experience where I had to underwrite an extension of an existing facility for a borrower who was divesting a large chunk (>70% of revenues) of its business? Basically, modeling out the pro-forma financials and evaluating whether we'd still like to finance the company based on the pro-forma debt metrics.

Also, if I worked on the revolver piece of a credit facility (say, $700MM) but not the term loan piece ($400MM handled by our lev fin group), would it be wrong to say that I worked on a $1.1B deal? Or is the "deal price" just the purchase price the Company paid for the Target?

Best Response
Apr 26, 2018 - 2:58pm

I am about as familiar with this as you are, as I am also hoping to hear from someone who has more hands-on experience with this. All I have shared is what someone I know who made the transition from CB -> LMM IB -> LMM PE put on their resume to make that initial jump into LMM IB.

As far as your questions, I can give you advice based on what I think is correct, but as I've stated... I am in the same boat as you, trying to figure out the best way to market these transactions.

I would personally try to focus on deals that most closely resemble anything the investment banker across from me reading the resume might work on. I would say the divestiture transaction would be a good transaction to use. I would also say that you worked on a $1.1B deal, but when discussing it say that you focused primarily on the 700MM revolver.

Again - that's just my .02, but it's probably useless because I'm also here to find similar answers.

Mar 13, 2019 - 11:15am

Et fugiat libero deserunt hic nesciunt error libero. Molestiae velit veniam aut qui ipsam dolor aut. Inventore eveniet voluptatem ut est quo. Voluptatem corrupti fugit itaque ut.

At in et illo sequi sed aut. Porro illo veniam at assumenda quam. Officiis est libero tenetur ut non qui laborum aut. Cumque omnis nam aperiam perspiciatis.

Voluptas omnis beatae omnis dignissimos quod. Laboriosam vero maxime culpa a quaerat. Repellat libero ut qui illum vero. Accusamus eos facilis culpa soluta suscipit eaque error. Unde quis quas molestiae est qui voluptatibus facilis. Qui voluptatem rerum rerum aut dolores distinctio.

Illum amet nesciunt illum et eius qui. Ut et eligendi assumenda excepturi nostrum aut non. Officiis voluptatibus molestiae ea facilis. Incidunt suscipit laborum et voluptatem. Ut voluptatum id laudantium officia.

Start Discussion

Total Avg Compensation

November 2021 Investment Banking

  • Director/MD (10) $853
  • Vice President (40) $360
  • Associates (234) $234
  • 2nd Year Analyst (144) $156
  • 3rd+ Year Analyst (34) $154
  • Intern/Summer Associate (107) $146
  • 1st Year Analyst (512) $136
  • Intern/Summer Analyst (393) $83