| Topic Name: |
tuck |
| Message Name: |
i agree with sell-ou |
| Date Posted: |
07/07/1999 |
| In Reply To: |
I've been working in Pvt. Eq. for about 6 mo's; this isn't an area I would recommend that anyone get into. (But perhaps my experience is unique, so take it with a grain of salt.) For starters, most of the clients are "tarnished" in some way; i.e., these aren't "world-class" CEOs you'll be dealing with (nor are the firms). Moreover, a lot of them have already tried to raise pvt. eq. and failed...so they come to you with a large carveout list which leaves you with nothing but hard sells and p.e. funds that are as desperate as the client. Also, the bankers in pvt. eq. are more shuck-and-jive than in M&A (in fact, even the M&A analysts at my firm refer to two of the p.e. bankers as Churn'em & Burn'em).
Just my $0.02; hope it helps. |
| Message: |
i agree with sell-out.pvt-equity deals are far from glamorous, it's basic grunt work like m&a except you are spending more time trying to figure out the sic codes for information technology while pooring through D&B reports. pvt.equity is all abouth straight lace cash flows,heck even bain capital just bought over Dominos Pizza, can you imagine their ulra-prestigious consulting arm even asscoiated with the Pizza business.trust me and stick to regular i.banking,it's far more satisfactory and plus believe it or not you will end up with a clearer consicience.
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