PE Recruiting - View on corporate M&A
How do PE firms view corporate M&A experience post-MBA? Why would it be that much different from running deals for PE?
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Very different. LBO corporate M&A?
Might have some slight interest if you have strong sector knowledge, network, and experience. But this is a stretch.
i've almost never seen someone make the jump below the principal level. What I have seen, and this is very common, is that a lot of senior C-level execs who've risen to the top at fortune 500/1000 firms join PE shops as "operating partners" or senior advisors/executives in residence/[insert BS position here].
Agree with johndoe. We have a guy here with a post-MBA corporate M&A background. He initially joined as an Associate, and has since been promoted. Can't think of too many other similar cases.
Moves from F500 to middle market PE happen pretty frequently at the most senior levels. Usually requires heading strategy/M&A, or whole divisions. In the upper MM, they typically join as Operating Partners. In the lower MM, they're more likely to join as normal Partners, if not forming a fund themselves.
Transition from m&a to pe (Originally Posted: 10/13/2011)
I am transitioning over to a gig in pe in CY12.
When you make the transition over to pe and start as an associate, how do you handle some of the confidential info you've acquired. I'm not talking about taking material or doing anything nefarious with pipeline reports, but what about:
-sell sides coming to market (bank already engaged so shouldn't mind, right?) -busted sell-sides with bank still on tail (bank shouldn't mind, right?) -lost sell-side mandates (bank shouldn't mind, right?) -representative targets of past buy-side processes (nothing prop here, so bank shouldn't mind, right?)
appreciate your input.
What are you looking to do? I assume from your post you're looking to reach out directly to management of companies that you became aware of through your prior employer. Is this correct?
either directly to management or to the bank
M&A group - PE (Originally Posted: 04/13/2010)
Why do PE funds like analysts from the M&A group?
Cause they do the most modeling and learn more of the technical aspects of various deals, whereas coverage groups deal with only one industry and do more qualitative work such as pitching deals.
Cuz they suck cock the most.
cant the mods block this idiot. Seems like a backoffice slut to me.
Best pick will be coverage analysts who do in-house modelling. Both industry knowledge + modeling skills.
Some ppl just cannot model, while pretty much everyone will have a decent understanding on one particular industry if he/she follows that industry long enough. So assuming the "best pick" candidate does not exist, M&A analysts will trump coverage analysts.
Just my 2 cents.
How is very good restructuring experience in terms of PE placement?
.
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