EY Strategy and Transactions

Hello there,

I left EY-Parthenon a few months ago, and do know well “SaT - Strategy & Transactions” sub-service lines. Since some changes were recent, some local websites might not be updated, I guess. I'll make some simplifications for the sake of clarity. Also please note that most projects can be either sell-side or buy-side.

• EY-Parthenon has 3 different businesses
  • Corporate and Growth Strategy: this is strategy consulting, similar to most MBB work; in some countries commercial due dilligence is done by this team as well. This was the original focus of Parthenon Group.
  • Transaction Strategy Execution: this team performs due dilligence work (commercial due dilligence - CDD, depending on the country, and operational due dilligence); and PMO type of work related to post merger integrations and carve-outs. Part of the team is original Parthenon, part is coming from EY.
  • Turnaround and Restructuring Strategy: this team helps mostly with financial turnaround and restructuring of companies (I am assuming the term is self explanatory); in some cases I guess they may do operational restructuring as well. This team was not EY-P until last year, as they have a different skillset, but there are relevant synergies.
• Non EY-Parthenon has:
  • EY Transaction Diligence: team that reviews the financial accounts of the company being sold, re-states them where necessary, and identifies major risks from the financial point of view
  • EY Valuation, Modelling, and Economics: this team prepares valuations and business models regarding companies looking for investors or being sold. Can also perform econometric models when appropriate.
  • Transactions and Corporate Finance: this is overall advisory on transactions (M&A advisory, e.g. support a negotiation) and on how to optimize your capital allocation.
  • EY Lead Advisory: helps companies find others to acquire (or to acquire them)

Please note that these are specialized teams and each one has its own staffing (although in some occasions share resources to optimize people “utilization” rates). On the other hand, these teams frequently collaborate with each other.

For example, I've had joint projects with Corporate & Growth Strategy (EY-P, this is where I was), Valuation and Financial Dilligence. This is quite powerful, actually.

Feel free to reach out if something is not clear or you want more detail (or if you need help in preparing your interview - I am quite familiar with the different formats being used here).

Hi there,

Pedro has given a fantastic answer here!

Just remember, this is exactly why networking exists! You need to be reaching out to consultants and HR at this company and inquiring into these different divisions/roles.

From there you won't just get a fuller answer than from a typed Q&A response but you'll also increase your odds of getting invited to interview!

Hi there, you are lucky to have Pedro here! 

However, this is precisely the type of questions and conversations that makes sense to have with people in the company, as a way to get to know them and, of course, vice versa. 

Good luck!

Hi!

The other coaches already gave you great answers. I don't have much to add here.

Best,

Anto