Investment Banking - M&A Private Capital Advisory - Structuring 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 modelling for a potential transaction, with particular focus on bespoke non-control structures


* 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 on an ongoing basis


* Lead the structuring workstream on live mandates and potential transactions, including designing and negotiating terms across various non-control structures (e.g., structured minority equity, preferred equity, forward-starting lease)


* Evaluate how risk and return dynamics shift as structural variables are flexed - including IRR caps, call schedules, distribution priorities, leverage, tenor, and downside protections - to identify the most appropriate structure for each situation, partnering on the underlying quantitative output


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


* Coordinate 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 and external parties on transactions, including lawyers and accountants


* Analyze proposals received from investors, including...