Investment Banking - M&A Private Capital Advisory - Associate

Job Summary

We are seeking a highly motivated Associate to join our North American Private Capital Advisory team.

The Private Capital Advisory team sits within M&A and is part of the global Private Capital Advisory & Solutions team.

The team advises clients on non-control private capital partnerships, be it minority stake sales or Joint Ventures, for a variety of purposes, including M&A, growth/capex, shareholder monetization, balance sheet equitizations, refinancings, and other corporate objectives.

The team works closely with sector, and other coverage and product teams within the bank.

The client universe includes large corporates, sponsor-owned companies, and entrepreneur-led / family businesses entering private transactions, including as an alternative to the public market.

The team manages bespoke M&A-style processes and works across a variety of capital partners, including private equity funds, sovereign wealth funds, alternative and credit investors, pension funds and insurance companies, family offices, and other institutional investors.

Private investors are increasingly seeking opportunities to deploy solutions-focused capital and form long-term partnerships with corporates and entrepreneurs.

You will get exposure to all sectors, regions, and types of transactions across the capital structure, from common equity transactions to more structured deals, depending on client requirements.

Job Responsibilities


* Work with clients in tandem with industry teams to analyze the optimal transaction structure and financial model for a potential transaction


* Analyze the most suitable investor universe for each transaction and speak to investors as part of the outreach process, whether for bilateral partnerships or broader partner identification, as well as speak to investors on an ongoing basis


* Lead the quantitative valuation and cost of capital workstream on live mandates and potential transactions, including building and owning detailed cash flow models across various non-control structures (e.g., structured minority equity, preferred equity, forward-starting lease)


* Develop scenarios and sensitivities, and stress-testing frameworks for free cash flow, EBITDA, opex/capex, distributions; quantify investor IRR outcomes across various business plan outcomes


* Assess how key transaction terms and structural features impact valuation, investor returns and implied cost of capital, partnering with the structuring workstream to quantify trade-offs and support client decision-making


* Support the preparation of transaction marketing and process materials, including term sheets


* Coordinate the process from launch to signing, in close cooperation with other internal teams, including investor outreach, active communication with investors / company management, and overall transaction management


* Act as the primary day-to-day client point of contact and lead banker on deals


* Liaise with other internal an...