{"id":2295,"date":"2014-02-14T15:23:44","date_gmt":"2014-02-14T09:53:44","guid":{"rendered":"https:\/\/staging-imarticus.kinsta.cloud\/?p=2295"},"modified":"2020-08-06T08:45:20","modified_gmt":"2020-08-06T08:45:20","slug":"investment-banking-jobs-at-boutique-firms","status":"publish","type":"post","link":"https:\/\/imarticus.org\/blog\/investment-banking-jobs-at-boutique-firms\/","title":{"rendered":"Investment Banking Jobs At Boutique Firms"},"content":{"rendered":"

The Imarticus team felt quite proud this week as the Economic Times\u00a0featured the country\u2019s top 5 boutique investment banks and their journey so far. Reshma Krishnan, our IFAP program\u2019s head faculty, is an alumnus of Avendus Capital which took center stage in the article.
\nIt was during Reshma\u2019s five year stint with the firm that she realized the need for professionally trained Investment Banking analysts to fulfill the needs of boutique firms like Avendus Capital, Mape and the host of boutique firms out there that cater to rising need of mid- market firms not catered to by bulge bracket investment banks.<\/p>\n

Investment banking jobs in boutique firms are among the most sought after because unlike being an analyst in a bulge bracket firm, the boutique firm analyst is part of the entire deal, from origination to execution to closure, thereby gaining exposure to all crucial aspects of a transaction.<\/p><\/blockquote>\n

In bulge bracket firms, the analyst is predominantly involved in collateral preparation and hardly ever sees the client. But what do analysts do in an investment banking job<\/a> in a boutique bank?<\/p>\n

If you refer to our earlier post on the difference between the buy side and the sell side, you will understand the role the investment bank plays during a transaction. To summarize, a sell side transaction is where an investment bank represents the client who is selling an asset or raising funds by selling equity. A buy side is, as the name suggests, a client who wants to buy an asset or infuse equity, or buy a stake in a firm. Boutique firm clients can be corporate or private equity funds and many boutique firms specialize in mergers and acquisitions (M&A), and private equity (PE) fund raising for corporates.
\nIn any M&A or PE sell side situation, this is the typical process:<\/p>\n

Planning and Preparation<\/h2>\n

Goal – Gain clarity on business objectives and how they map to market realities
\nKey Deliverables – Clear definition of M&A criteria or fund raising requirements and valuation expectations
\nAnalyst role \u2013 Read more in our earlier article<\/p>\n

Marketing and Prospecting<\/h2>\n

Goal – Create deal possibilities by mapping the market, identifying a target universe and reaching out to prospects
\nKey Deliverables – Qualified list of targets that are interested in participating in M&A or PE Process
\nAnalyst role – Meet client, acquire and analyze information, create Information Memorandum and other documents. Start help populating the Due Diligence room<\/p>\n

Evaluation and Prospect Finalization<\/h2>\n

Goal – Create shortlist of candidates with whom we can close a deal if we converge on valuation and terms
\nKey Deliverables – Adequate number of buyers or sellers with whom a deal can be closed
\nAnalyst Role – Identify potential partners and create and maintain buyer\/funder tracking list<\/p>\n

Bid<\/h2>\n

Goal – Make an offer or receive offers that balances out appropriate negotiation tactics and dynamics of the situation on the other side. Get multiple term sheets
\nKey Deliverables – Exclusivity with best available option
\nAnalyst Role – Analyze data to help team negotiate the best offers; continue populating the DD room<\/p>\n

Due Diligence<\/h2>\n

Goal – Help co-ordinate due diligence, Assess all existing and potential risks with the business (financial, operational, etc.)
\nKey deliverable – Make sure Diligence goes smoothly and mitigate all risks
\nAnalyst role – Co-ordinate Due Diligence<\/p>\n

Documentation<\/h2>\n

Goal – Document final commercial and legal terms and conditions through appropriate legal documents
\nKey Deliverables – Share Purchase Agreement, Disclosure Letter, Escrow Agreements, etc
\nAnalyst Role – Arrange meetings, gather data to support negotiations<\/p>\n

Closing<\/h2>\n

Goal – Coordinate closure of conditions precedent, flow of consideration and exchange of shares
\nKey Deliverables – Successfully closed transaction
\nAnalyst Role – Be on ground resource to team<\/p>\n

Our IFAP program equips analysts to handle all parts of the process from valuation, collateral preparation, to documentation.<\/p><\/blockquote>\n

This is why we are among the top preferred partners for boutique investment banks.
\nAlso Read: Different Types of Investment Banking Jobs<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The Imarticus team felt quite proud this week as the Economic Times\u00a0featured the country\u2019s top 5 boutique investment banks and their journey so far. Reshma Krishnan, our IFAP program\u2019s head faculty, is an alumnus of Avendus Capital which took center stage in the article. It was during Reshma\u2019s five year stint with the firm that […]<\/p>\n","protected":false},"author":1,"featured_media":242755,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_mo_disable_npp":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[96],"class_list":["post-2295","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-investment-banking"],"acf":[],"aioseo_notices":[],"modified_by":"Imarticus Learning","_links":{"self":[{"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/posts\/2295","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/comments?post=2295"}],"version-history":[{"count":0,"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/posts\/2295\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/media\/242755"}],"wp:attachment":[{"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/media?parent=2295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/categories?post=2295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/tags?post=2295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}