My FIRST 100 DAYS Sven Langelahn
After several internships I knew I wanted to start my career in corporate finance and after my interview at goetzpartners I also knew whereat. The colleagues, the prospect of versatile, but also international projects and the possibility to assume responsibility fast – it was exactly how I had envisioned my first job. As soon as I got the offer, I did not contemplate very much and immediately accepted. After finishing my master’s degree in Barcelona and a four-week-long trip through Vietnam, I started my job.
On my first day I was welcomed by some familiar faces from my interviews, but by many of my new colleagues as well. There is another corporate finance new starter who joins me for my tour through the office. From our office on the 10th floor of the Taunus tower one has a brilliant view over Frankfurt. At the end of the first week, we already leave for a two-day introduction training in Munich. Here we get all the important details on goetzpartners, get to know processes and tools and complete the first M&A-relevant training in Microsoft PowerPoint and Excel.
Not a lot of time passes until my first “own” project starts. For a meeting between the CEO of a car manufacturer’s sensor technology division and one of our Managing Directors I create the discussion paper – aside from a detailed market- and competition analysis I also prepare the valuation documents. I can also confer with a colleague who has been working here for a while longer and also get some tips. My managing director really likes my work and tells me later on about his successful meeting with the client.
On Tuesday I am back again in the plane towards Munich since the next training is planned. This training’s topic: “Holding a Presentation”, a great mixture of theory and practice. We get to know the most important rules for a perfect M&A presentation and immediately apply the new knowledge to exemplary cases which also get filmed. Right after we receive detailed feedback from our trainer which helps especially in terms of future presentations.
Back in Frankfurt, my colleagues take me along to the Business Breakfast on Friday, where our seniors present new projects, internal initiatives and new colleagues – after breakfast one can exchange oneself with other people in a casual atmosphere.
My first big project starts – and it is right from the get-go an international sell-side project with two colleagues from the Munich office. During the first few days, we have to process a lot of information to set up the project and bring everybody up to date. Relatively quickly I am also a lot on the road and attend the kick-off meeting with a site visit, the management presentation and expert surveys at the clients. Such cross-border projects with involved parties from different countries are always very exciting and in the six-month-long selling process, I learn something new every single day.
Beginning of the week I receive a call from the for staffing-responsible person – I am helping with a pitch for an IT-based company. That equates long nights and intensive work to adhere to the tight deadline. Nevertheless, our spirits are up, we laugh a lot and the dinners together bind us even more as a team. And we are even happier when the pitch is actually turned into a project – all the effort paid off!
A few days later after handing in the pitch, there is a Get-Together of all young M&A colleagues to which I got invited as well – a great opportunity to get to know each other better and chat a bit.
Another project is in the works. This time around I am helping with a bilateral Buy-Side mandate for a Swiss Private Equity fund. It is my task to draft a detailed business plan and prepare the discussion documents for the client meeting. Our analysis helps us in classifying the company, questioning the growth assumptions properly and providing a fair offer. Even if the project was not completed in the end, I was able to accompany a comprehensive due-diligence and especially take away the relevance and attention of such an analysis for the future.
The year is slowly coming to an end and we meet up for an All-Hands-meeting and the big international Christmas party in Munich. It turns out to be an awesome celebration where I get to know many new colleagues, also from other offices.
It's time for the performance review that follows the first half of the probationary period. We discuss expectations and goals, and the next three months are mapped out. I am excited about the upcoming projects and am looking forward to the new challenges.