Would you share your deal process?
Could anyone share your deal process in PE?
I am currently working in a local pe firm in Korea so that there would be a lot of difference in US throughout doing an actual deal process, which I want to know.
Here's what I do
MD brings a new deal.
Me researching the company and the industry
My team meets the company's CEO, hears IR, and asks questions
If MD thinks it's a go, I make an NDA file, a RFI list, and aQ&A list.
After receiving the lists above, I make TM Draft and the director reviews it.
So many corrections were made, but finally TM gets ready to be sent over all potnetial lp.
Signs MOU with the seller, makes DD schedule, and contact a law firm and an accounting firm(a consulting firm is necessary)
Start DD process, along with making IM(I don't do modeling since MD believes that LP does not believe GP's model and accounting firms does that(and My MD does not trust that model either))
After finishing IM, now it is fund raising time.
MD and a director meet with LP, and I answers to all the questions that LP sends.
Luckily my team gathers all loc that we needed, and makes the fund.
Signs SPA with the seller and I make capital call requests.
Rest paper works and its done.
BTW I do make a model each time i do the deal just to make sure that i do not forget how to do it.