Rothschild & Co

6-month internship in direct lending, involving financial modelling, investment analysis, and deal execution, focused on private debt financing for mid-market companies.Programme DescriptionThis London based 6-month internship is an opportunity to intern with the Five Arrows Direct Lending business.Five Arrows Direct Lending provides customised senior and subordinated debt financing solutions to privately-owned businesses across the European mid-market. Capital solutions provided range from unitranche, second lien and mezzanine debt to PIK notes, preferred equity and minority common equity, enabling the team to structure optimal financing packages for each opportunity. Five Arrows Direct Lending focuses on three core sectors: “Healthcare and Education”, “Software, Data and IT Services” and “Business and Financial Services”.The Five Arrows Direct Lending team comprises 18 investment professionals operating from three offices: London, Paris and New York.Five Arrows Direct Lending currently invests from its fourth generation fund (Five Arrows Debt Partners IV), a €2.4 billion committed capital fund.Five Arrows is the alternative assets arm of Rothschild & Co and manages ~€30 billion in assets across a range of private debt, public debt and private equity strategies.Responsibilities· Industry and Company Due Diligence: Conduct in-depth research on industries where potential investment targets operate and in-depth analysis of targets’ historical performance and future prospects· Financial Modelling: Develop and maintain customised financial models· Investment Process Coordination: Support the team in coordinating due diligence and transaction processes, both internally and with external advisers· Investment Evaluation: Formulate and articulate perspectives on the credit quality of potential investments and what defines an exceptional business from a lending perspective· Committee Memos: Prepare detailed memos for the investment committee· Deal Execution: Assist in executing deal workflows and monitor existing portfolio companies· Relationship Building: Enhance relationship skills through exposure to senior investors and investment committee membersSkills Required· Ability to be proactive, persevere and overcome setbacks to deliver results · Ability to work independently and take a high level of responsibility· Teamwork: Ability to build effective relationships between individuals, teams, lines of business and across geographical / cultural boundaries· Excellent listening skills· Communication: Ability to communicate clearly, persuade and influence· Understanding of the fundamental principles and the application of corporate finance· Enthusiasm for developing these skills and applying them creatively· Ability to build long-term, professional relationships with management teams, private equity sponsors and advisors· Good understanding of financial statements (P&L, cash flow statement and balance sheet)· Advanced Microsoft Office skills (Word, PowerPoint and Excel) Qualifications· Outstanding academic track record

Posted 27 days ago

Internship in Global Advisory (M&A) supporting financial modelling, research, and live transactions, with hands-on deal exposure and potential for a full-time role.Overview: This opportunity will provide an introduction to our Global Advisory division and will allow you to fully immerse yourself in life at Rothschild & Co.Key responsibilities are as follows:Research the industries in which our clients operate to support senior bankers’ marketing initiativesProvide specified input for company profiles, presentations and other documentsProvide input and editing of Excel-based models, including application of various valuation techniquesSupport the team with developing standard or bespoke financial models under guidance from bankers in your teamSupport the team in coordinating the transaction process during live transactions internally and by liaising with clients, their counterparties and other advisersAttend internal and external calls and meetings as appropriateDuring your internship, you will be assigned one of our M&A sector teams, based on the firm's current business needs. From the moment you join, you will be entrusted with significant responsibilities, providing you with a comprehensive understanding of the daily operations and professional environment at Rothschild & Co.At the end of the Internship, you could be considered for a permanent role on our Graduate Programme.Qualifications, experience and competencies:On track for a minimum of a 2:1 or equivalent in your university degreeGenuine interest in corporate finance with good commercial awarenessStrong analytical and numerical skillsGood computer skills including MS Office (Word, Excel and PowerPoint)Excellent communication and teamwork skills Diligent and committed to excellenceAttention to detail and ability to handle multiple tasksAmbitious, driven and capable of delivering results while working under tight deadlines

Posted 27 days ago

Graduate role in equity research involving financial modelling, market analysis, and rotations across sectors, with the goal of becoming a Junior Analyst.About UsAs part of the Rothschild & Co group, Rothschild & Co Redburn’s purpose in Research, Execution and Equity Capital Markets is to help clients generate superior investment performance. Rothschild & Co Redburn is built upon a commitment to intellectual freedom, commercial research, best execution and premium client service.Redburn and Atlantic Equities were both formed in 2003, Redburn focusing on European and Atlantic on US equities. We merged under Rothschild & Co ownership in 2023. Our partnership ethos and commitment to long-term client relationships lives on, in keeping with the historic culture of our new parent. Uniquely seating both US and European research together in London, we benefit from a truly global industrial approach.We provide institutional investors with equity research, quantitative and technical analysis, economics research and agency execution in European and North American equity markets and serve corporates via our Equity Capital Markets division. In addition, Rothschild & Co Redburn Access also links investors to experts and corporates.Rothschild & Co Redburn’s equity research analysts and salespeople advise professional investors (our clients) on European and US equities. Our sales traders and execution teams transact our clients’ business, and Rothschild & Co Redburn’s expert access team links investors to Rothschild & Co Redburn’s network of industry executives and independent experts. Our equity capital markets team provides investment banking services to clients and focuses in assisting them in raising equity capital.Role OverviewWe are looking for graduates to work within Rothschild & Co’s Equity Research team. The successful candidates will undertake a number of rotations around various departments and research sectors during their first year with Rothschild & Co, building on the skills required to become a successful Junior Analyst. It is our intention that the candidates will take on stock coverage at a later stage.Typically, an equity research department is split into different coverage groups that each focus on a specific sector. Rothschild & Co Redburn has over 90 analysts, based in London, working across a total of 24 research sectors, and in the quantitative and technical analysis teams.Underpinning all of our graduates roles is the need for a genuine interest in financial markets, high levels of communication, accuracy and attention to detail, great relationship building and teamwork skills.Initially the role will comprise:Maintaining and updating industry models, collecting and analysing new data (to support new ideas or reports)Building and maintaining company financial models for new or existing coverageMaintaining and updating client presentationsMonitoring sector news flowBuilding a working understanding of UK, European and US companiesDrafting earnings results comments (key points)Distributing news comments via email / BloombergResponding to client requests for data / informationAttending client and company meetings, and industry conferencesCalling companies for data / information and building relationships with companies’ investor relations teamsKeeping track of earnings calendar /other important datesUsing all of the above to build experience and understanding of the industry, and company-specific knowledgeQualifications, experience and competenciesCompleted or are on track for a 2:1 or equivalent in your university degreeAn understanding of coding, in particular SQL and PythonA good grasp of valuation metrics and value drivers of a businessAptitude for financial modelling and valuation of companies (e.g. SOTP, DCF)Aptitude for financial reportingExcellent spoken communication skills – experience of giving presentations is valuableExcellent written communication skills – experience in report writing and/or essay writing is valuableStrong Excel and analytical skillsWillingness to engage day-to-day with our sales and sales-traders, including making ad hoc presentations to themAbility to demonstrate intellectual flair, independent thinking, initiative, self-sufficiency and ambition with a passion for equity markets

Posted 27 days ago

Global team advising on debt financing and restructurings, offering hands-on deal experience and potential full-time opportunities.Overview:Rothschild & Co’s Debt Advisory and Restructuring (“DA&R”) team is made up of over 200 bankers across 14 countries, advising on more than $200 billion of capital raises and restructurings each year.With around 300 transactions annually - almost one deal per day - our colleagues benefit from exceptional exposure to high-profile, complex deals across all sectors.DA&R’s tremendous deal flow is driven by our long-standing market-leading position, at the centre of the global financing and capital markets. Demonstrating our market dominance, we are:Retained advisor to many of Europe’s largest and most influential corporatesEurope’s largest placer of private credit (senior and subordinated)The only advisor with TLB and bond deal flow equivalent to the top-tier bookrunner banksConsistently ranked #1 in EMEA restructuring by both value and volume of transactionsWe are primarily an origination business - consistently attracting new clients to the firm. However, we also operate as a fully-integrated part of R&Co’s Global Advisory practice, collaborating closely with the M&A and Global Markets Solutions teams to deliver seamless execution on deals.The DA&R team serves a diverse client base across industry sectors, including some of the world’s most well-recognised businesses and financial sponsors, for example:Corporates: Wimbledon, Thames Water, Porsche, Burberry, Iceland, Flutter, Colosseum Dental, Dishoom, MasMovil Orange, Marshall, Experian, John Lewis, etc.Private equity sponsors: Ares, Apollo, Blackstone, Bridgepoint, Carlyle, CVC, EQT, Exponent, GSAM, Inflexion, KKR, Montagu, Providence, Searchlight, SVP, Waterland, etc.DA&R is comprised of four core teams:Investment Grade – advice to large corporates (e.g. predominantly FTSE 100 / 250 businesses) which are (or near) investment grade, across loan / bond / USPP transactions, M&A financings and optimisation of their debt structures;Leveraged Finance – advice to Private Equity-owned or highly-leveraged corporates, often financing LBOs, M&A or complex refinancings;Restructuring – advice to predominantly companies, hedge funds and special situation funds involved in distressed situations, often helping stakeholders navigate and negotiate in complex transactions; andHedging and Derivatives – advice to corporates, financial sponsors, and investors on the use of derivative instruments to manage interest rate, currency, inflation and commodity exposures, supporting clients in structuring, optimising and executing market risk management strategies.DA&R business:Rothschild & Co’s DA&R practice is the largest financing advisory team globally, with our London office serving as the central global hub, seamlessly connected to all other international offices. We have advised on over 3,000 DA&R assignments since 2010, totalling over c. $2.3trillion of debt, evidencing deep expertise across the full range of debt products. Our scale offers clients unrivalled market intelligence, with over 1,000 financing proposals received annually.The DA&R Programme offers hands-on experience across the full spectrum of public and private debt, as well as across strategic and complex financings – such as refinancings, acquisitions, LBOs, IPO financings, dividend recapitalizations, distressed financings and restructurings – acting on behalf of companies, senior and junior creditors (including institutional investors, distressed debt hedge funds, banks and CLOs), or private equity sponsors.Training:The programme begins with an intensive classroom training programme covering technical skills (accounting, corporate finance fundamentals and modelling) as well as internally led presentations and soft skills training.Day to day:After the training, you will join the team for the remainder of the Internship. There will also be networking events and learning sessions over the course of the internship. You will be given meaningful responsibility as soon as you join the desk, allowing you to fully encounter day-to-day life at Rothschild & Co.The DA&R business operates in small teams, with very flat structures, meaning that Interns will gain tremendous exposure to senior members of their teams.At the end of the Internship, you could be considered for a permanent role on our Graduate Programme once you have finished University.Qualifications, experience and competencies:On track for a minimum of a 2:1 or equivalent in your university degreeGenuine interest in corporate finance and debt markets with strong commercial awarenessStrong analytical and numerical skillsGood computer skills across MS Office (Word, Excel and PowerPoint)Excellent communication and teamwork skills Diligent and committed to excellenceAttention to detailOrganised with an ability to handle multiple tasksAmbitious, driven and capable of delivering results while working in a high pressure environment

Posted 27 days ago