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<blockquote data-quote="Jaysen" data-source="post: 1866" data-attributes="member: 1"><p>1. Yes, that's generally how I did it. I should add: the structure I mentioned isn't supposed to be prescriptive. There are many ways to approach this question. Although in all cases, you should tailor your reasons to the firm you are applying to.</p><p></p><p>2. If that was my answer for the application form, then yes, it would be too generic.</p><p></p><p><strong>Fast paced deals</strong> = private equity acquisitions tend to be completed in a shorter time frame than a typical M&A deal.</p><p><strong>Sophisticated clients</strong> = PE firms acquire companies regularly. A typical M&A buyer may have completed relatively few deals before. So PE firms require a lot less hand holding -- they know how these deals are done.</p><p><strong>Exposure to a variety of businesses</strong> = PE firms acquire a variety of companies. M&A buyers typically acquire one or two companies that are aligned with their business.</p><p></p><p>The above is just to explain what I meant by each phrase. In an answer, if I used these, I would focus on why "sophisticated clients" or "fast paced deals" was something I was interested in, rather than telling the firm how PE was different to M&A. For example, if I was writing about the shorter time frame in a PE deal, I might say I would have the opportunity to get involved in more deals during my training contract.</p><p></p><p>3. If I recall, I only discussed Weil's position and then talked about my interest in PE.</p></blockquote><p></p>
[QUOTE="Jaysen, post: 1866, member: 1"] 1. Yes, that's generally how I did it. I should add: the structure I mentioned isn't supposed to be prescriptive. There are many ways to approach this question. Although in all cases, you should tailor your reasons to the firm you are applying to. 2. If that was my answer for the application form, then yes, it would be too generic. [B]Fast paced deals[/B] = private equity acquisitions tend to be completed in a shorter time frame than a typical M&A deal. [B]Sophisticated clients[/B] = PE firms acquire companies regularly. A typical M&A buyer may have completed relatively few deals before. So PE firms require a lot less hand holding -- they know how these deals are done. [B]Exposure to a variety of businesses[/B] = PE firms acquire a variety of companies. M&A buyers typically acquire one or two companies that are aligned with their business. The above is just to explain what I meant by each phrase. In an answer, if I used these, I would focus on why "sophisticated clients" or "fast paced deals" was something I was interested in, rather than telling the firm how PE was different to M&A. For example, if I was writing about the shorter time frame in a PE deal, I might say I would have the opportunity to get involved in more deals during my training contract. 3. If I recall, I only discussed Weil's position and then talked about my interest in PE. [/QUOTE]
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