{"id":19232,"date":"2026-10-04T20:01:18","date_gmt":"2026-10-04T20:01:18","guid":{"rendered":"https:\/\/www.simtrade.fr\/blog_simtrade\/?p=19232"},"modified":"2026-10-04T20:10:40","modified_gmt":"2026-10-04T20:10:40","slug":"experience-ma-analyst-intern-dilcap-invest","status":"publish","type":"post","link":"https:\/\/www.simtrade.fr\/blog_simtrade\/experience-ma-analyst-intern-dilcap-invest\/","title":{"rendered":"My experience as an M&amp;A Analyst intern at Dilcap Invest"},"content":{"rendered":"\n<a href=\"https:\/\/www.linkedin.com\/in\/william-longin\/\" target=\"_blank\"><img decoding=\"async\" style=\"padding: 5px\" title=\"\" src=\"https:\/\/www.simtrade.fr\/blog_simtrade\/wp-content\/uploads\/2025\/11\/img_SimTrade_Photo3_William_Longin.jpeg\" alt=\"William LONGIN\" width=\"133\" align=\"right\"><\/a>\n\n<p>In this article, <a href=\"https:\/\/www.linkedin.com\/in\/william-longin-15714416a\" target=\"_blank\">William LONGIN<\/a> (MSc Financial Mathematics at Queen Mary University of London, 2026-2027) shares his experience as an M&amp;A Analyst intern at Dilcap Invest, an independent M&amp;A advisory boutique.<\/p>\n\n\n<h2>Dilcap Invest<\/h2>\n\n<p>Dilcap Invest is an independent M&amp;A Advisory Boutique founded in 2025 by <a href=\"https:\/\/www.linkedin.com\/in\/christopheauger\/\" target=\"_blank\">Christophe AUGER<\/a>. Teh firm is headquartered in the historic H\u00f4tel de la Marine, overlooking Place de la Concorde in Paris. The firm focuses on European mid-market companies, primarily on transactions with values below \u20ac100 million, with particular expertise in PropTech, technology, financial services, and services for senior citizens.<\/p>\n\n<p>The firm combines three complementary activities: strategic and governance advisory services; corporate finance advisory on acquisitions, disposals, fundraising, and restructuring transactions; and direct equity investments in growing companies. Its boutique structure allows for direct senior involvement and close interaction with clients throughout the transaction process.<\/p>\n\n<p style=\"text-align:center\"> Logo of Dilcap Invest <br>\n<img decoding=\"async\" src=\"https:\/\/www.simtrade.fr\/blog_simtrade\/wp-content\/uploads\/2026\/10\/img_logo_Dilcap_Invest.png\" alt=\"Dilcap Invest\" width=\"400\"><br>\nSource: Dilcap Invest.<\/p>\n\n<p>Christophe AUGER studied at Universit\u00e9 Paris Dauphine and completed the financial analyst program of the Soci\u00e9t\u00e9 Fran\u00e7aise des Analystes Financiers (SFAF). Building on experience in financial analysis, investment banking, corporate M&amp;A, and entrepreneurship, he developed expertise in strategic and financial decision-making. Dilcap Invest&#8217;s boutique model provides clients with direct access to senior professionals and enables the firm to dedicate significant time and resources to a limited number of mandates.<\/p>\n\n\n<h2>My missions<\/h2>\n\n<p>During my internship, I worked on several dimensions of the M&amp;A advisory process. My assignments combined financial analysis, valuation, market research, transaction screening, and business development. This gave me a practical view of how financial analysis is transformed into strategic recommendations and, eventually, into transaction opportunities.<\/p>\n\n\n<h3>Financial modeling and analysis<\/h3>\n\n<p>As an M&amp;A analyst covering mid-cap companies, I built and maintained fully integrated three-statement financial models to analyze companies&#8217; historical performance and forecast their future financial position. These models linked the income statement, balance sheet, and cash flow statement and incorporated operating assumptions, revenue projections, working capital, capital expenditure and depreciation, and debt schedules.<\/p>\n\n<p>The models were typically structured into separate tabs for historical financial statements, assumptions, revenue build-up, operating projections, working capital, depreciation and capital expenditure, debt schedules, supporting calculations, valuation outputs, and sensitivity analyses. For example, during my internship I learned the importance of formatting with color coding (blue for inputs, black for formulas, green for links, red for checks) and learned many Excel short cuts allowing me to bypass the usage of a mouse. <\/p>\n\n\n<h3>Market research and transaction screening<\/h3>\n\n<p>During my internship I was brought to perform some market research on housing promoters based in various cities in France. As part of a mission that could potentially have a lot of upside and take advantage of a fragmented market. When it comes to complex capitalistic moves, Dilcap has a real expertise in understanding financial health of companies and competitive dynamics between actors in a market. Then the company contacted the presidents of each firm to discuss the projects. It showed the link between going from financials then narrowing it down to pre-deposition of CEO\u2019s to pass the torch or be open to merging opportunities. <\/p>\n\n\n<h3>Comparable companies and transaction analysis<\/h3>\n<p> I also worked on valuation analysis using comparable companies and precedent transactions. I regularly used CFNews to monitor M&amp;A activity and identify transactions relevant to the companies and sectors being analyzed. The platform enabled me to identify comparable transactions, analyze observed valuation multiples (EV\/EBITDA and EV\/Revenue), and benchmark them against prevailing market conditions to support assumptions used in valuation exercises. I also leveraged the database to analyze historical transactions, identify the most active acquirers, understand sector-specific dynamics, and track trends across the mid-cap market. In addition, I prepared weekly market briefings for the team, summarizing key announced transactions, market developments, and strategic insights that could impact ongoing mandates or business development opportunities. <\/p>\n\n<h3>The R\u00e9pertoire.finance Project<\/h3>\n<p>I contributed to the development of R\u00e9pertoire.finance, an online platform connecting business owners and executives with independent M&amp;A advisory firms. In this role, I helped identify and onboard specialized advisory boutiques, structured their profiles by documenting sector expertise, transaction size, geographic coverage, and mandate focus, and contributed to improving the quality and consistency of the information available on the platform. The objective was to simplify the process of selecting an M&amp;A advisor by providing business leaders with a comprehensive and transparent overview of the independent advisory landscape. This project strengthened my understanding of the French M&amp;A advisory market, its key participants, and their respective positioning, while giving me valuable insight into the criteria companies use when selecting advisors for strategic transactions. <\/p>\n\n<h2>Concepts to master<\/h2>\n\n\n<h3>EBITDA and Adjusted EBITDA<\/h3>\n<p>EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) is one of the most widely used financial metrics in mergers and acquisitions because it measures a company\u2019s operating profitability independently of its financing structure, tax environment, and non-cash accounting charges. By excluding interest, taxes, depreciation, and amortization, EBITDA provides a standardized measure of operating performance that allows investors and advisors to compare companies across industries and capital structures. It also serves as the primary earnings metric used in valuation, with Enterprise Value typically expressed as a multiple of EBITDA (EV\/EBITDA). <\/p>\n<p>Adjusted EBITDA is a normalized version of EBITDA that excludes non-recurring, exceptional, or non-operating items that are not considered representative of the company\u2019s ongoing performance. Typical adjustments include one-time legal expenses, restructuring costs, acquisition-related fees, litigation settlements, gains or losses from asset disposals, and, in founder-owned businesses, excess owner compensation or personal expenses. The objective is to present a sustainable earnings figure that more accurately reflects the company\u2019s future operating capacity. <\/p>\n<p>Adjusted EBITDA plays a critical role in M&amp;A negotiations because it directly impacts valuation. Since enterprise value is commonly determined by applying an EV\/EBITDA multiple, even small adjustments to EBITDA can significantly affect the purchase price. Consequently, sell-side advisors seek to identify and justify legitimate normalization adjustments that maximize value, while buy-side advisors carefully scrutinize each adjustment during financial due diligence to ensure it accurately reflects the company\u2019s recurring operating performance. <\/p>\n\n<h3>Quality of Earnings (QoE)<\/h3>\n<p>Quality of Earnings (QoE) is a financial due diligence analysis that assesses whether a company\u2019s reported earnings accurately reflect its sustainable and recurring operating performance. Rather than focusing solely on accounting profitability, a QoE review examines the underlying drivers of earnings to determine whether EBITDA is supported by normal business operations or distorted by one-time, non-recurring, or non-operating items. The objective is to provide potential buyers with a reliable measure of normalized earnings that can serve as the basis for valuation and purchase price negotiations. <\/p>\n<p>A Quality of Earnings analysis typically includes a detailed review of revenue recognition policies, customer concentration, gross margins, operating expenses, working capital trends, seasonality, accounting policies, and cash conversion. It also identifies adjustments to EBITDA, such as restructuring costs, litigation expenses, acquisition-related fees, non-recurring gains or losses, and other exceptional items that should be excluded from normalized earnings. In addition, a QoE report evaluates whether historical financial performance is sustainable and highlights any financial risks or accounting issues that could impact future profitability. <\/p>\n<p>In M&amp;A transactions, the Quality of Earnings report is one of the most important components of financial due diligence. Buyers rely on it to validate the seller\u2019s reported Adjusted EBITDA, assess the sustainability of future cash flows, and identify potential risks before completing an acquisition. Because enterprise value is typically based on Adjusted EBITDA, the conclusions of a QoE analysis can have a direct impact on valuation, purchase price negotiations, and transaction structure. <\/p>\n\n<h3>Information Memorandum<\/h3>\n\n<p>An Information Memorandum (IM), also referred to as a Confidential Information Memorandum (CIM), is a comprehensive marketing document prepared by the sell-side M&amp;A advisor to present a company to potential buyers after they have signed a Non-Disclosure Agreement (NDA). Its purpose is to provide prospective acquirers with a detailed understanding of the business, its financial performance, competitive positioning, growth opportunities, and investment rationale, enabling them to evaluate the acquisition opportunity and prepare a non-binding offer. <\/p>\n<p>An Information Memorandum typically includes an overview of the company and its history, descriptions of its products and services, market and industry analysis, customer and supplier relationships, management team, business strategy, operational model, historical financial statements, key performance indicators (KPIs), and management\u2019s financial forecasts. It also highlights the company\u2019s competitive advantages, growth drivers, and value creation opportunities while addressing key risks and market dynamics. Financial information is often presented with normalized or Adjusted EBITDA figures to facilitate valuation using comparable transaction and trading multiples. <\/p>\n<p>The Information Memorandum is a central document in the M&amp;A sale process and serves as the primary source of information for interested buyers during the initial stages of due diligence. It is designed to generate competitive interest, support management presentations, and provide sufficient information for bidders to submit indicative offers before entering a more detailed due diligence phase. A well-prepared IM balances transparency with commercial positioning, presenting the business accurately while emphasizing the key strengths and investment merits that underpin its valuation. <\/p>\n\n<h2>Why should you be interested in this post?<\/h2>\n\n<p>Whether you are preparing for investment banking interviews, starting an internship in M&amp;A, or simply looking to strengthen your understanding of corporate finance, this guide brings together some of the most important concepts used in real transactions. It provides clear, practical explanations of key topics such as EBITDA, Adjusted EBITDA, Quality of Earnings (QoE), Information Memorandums, valuation multiples, and financial modeling, making complex M&amp;A concepts accessible and directly applicable in a professional setting. <\/p>\n\n\n<h2>Word of conclusion<\/h2>\n\n<p>My internship as an M&amp;A Analyst at Dilcap Invest provided me with invaluable exposure to the full lifecycle of middle-market M&amp;A transactions. Through financial modeling, valuation analyses, market research, transaction screening, and the preparation of marketing materials, I developed both the technical expertise and commercial awareness required in investment banking. Working closely with experienced professionals allowed me to strengthen my analytical skills, attention to detail, and ability to communicate complex financial information in a clear and structured manner. Beyond the technical aspects, this experience deepened my understanding of the strategic considerations that drive acquisitions and disposals, while reinforcing my interest in corporate finance and mergers and acquisitions. It confirmed my ambition to pursue a career in investment banking, where I can continue to develop my financial and advisory skills while contributing to high-impact transactions. <\/p>\n\n\n<h2>Related posts on the SimTrade blog<\/h2>\n\n\n<h3>Mergers &amp; Acquisitions (M&amp;A)<\/h3>\n\n<p>&nbsp;&nbsp;&nbsp;\u25b6 <a href=\"https:\/\/www.simtrade.fr\/blog_simtrade\/tag\/ma\/\" target=\"_parent\">All posts about M&amp;A<\/a><\/p>\n\n\n<p>&nbsp;&nbsp;&nbsp;\u25b6 Ian DI MUZIO <a href=\"https:\/\/www.simtrade.fr\/blog_simtrade\/valuation-in-niche-sectors-using-trading-comparables-precedent-transactions-when-no-perfect-peers-exist\/\" target=\"_parent\">Valuation in Niche Sectors: Using Trading Comparables and Precedent Transactions When No Perfect Peers Exist<\/a><\/p>\n\n<p>&nbsp;&nbsp;&nbsp;\u25b6 Emanuele BAROLI <a href=\"https:\/\/www.simtrade.fr\/blog_simtrade\/interest-rates-ma-how-market-dynamics-shift-when-rates-rise-fall\/\" target=\"_parent\">Interest Rates and M&amp;A: How Market Dynamics Shift When Rates Rise or Fall<\/a><\/p>\n\n<p>&nbsp;&nbsp;&nbsp;\u25b6 Anant JAIN <a href=\"https:\/\/www.simtrade.fr\/blog_simtrade\/fmcg-sector-ma-trends-implications\/\" target=\"_parent\">FMCG Sector: M&amp;A Trends and Its Implications<\/a><\/p>\n\n\n<p>&nbsp;&nbsp;&nbsp;\u25b6 Lilian BALLOIS <a href=\"https:\/\/www.simtrade.fr\/blog_simtrade\/ma-strategies-benefits-challenges\/\" target=\"_parent\">M&amp;A Strategies: Benefits and Challenges<\/a><\/p>\n\n<p>&nbsp;&nbsp;&nbsp;\u25b6 Suyue MA <a href=\"https:\/\/www.simtrade.fr\/blog_simtrade\/ma-analysis-synergy-based-theories\/\" target=\"_parent\">Analysis of synergy-based theories for M&amp;A<\/a><\/p>\n\n\n<h3>Profesional expriences<\/h3>\n\n<p>&nbsp;&nbsp;&nbsp;\u25b6 Ian DI MUZIO <a href=\"https:\/\/www.simtrade.fr\/blog_simtrade\/internship-experience-ista-italia-in-house-ma-intern\/\" target=\"_parent\">My Internship Experience at ISTA Italia as an In-House M&amp;A Intern<\/a><\/p>\n\n<p>&nbsp;&nbsp;&nbsp;\u25b6 Basma ISSADIK <a href=\"https:\/\/www.simtrade.fr\/blog_simtrade\/experience-ma-analyst-intern-oaklins-atlas-capital\/\" target=\"_parent\">My experience as an M&amp;A Analyst Intern at Oaklins Atlas Capital<\/a><\/p>\n\n\n<h2>Useful resources<\/h2>\n\n<p><a href=\"https:\/\/dilcap.fr\/\" target=\"_blank\">Dilcap Invest<\/a><\/p>\n\n<p><a href=\"https:\/\/repertoire.finance\/\" target=\"_blank\">R\u00e9pertoire.finance<\/a><\/p>\n\n<p><a href=\"https:\/\/repertoire.finance\/interview\" target=\"_blank\">Interview with Christophe Auger, founder of R\u00e9pertoire.finance<\/a><\/p>\n\n\n\n<h2>About the author<\/h2>\n\n<p>The article was written in October 2026 by <a href=\"https:\/\/www.linkedin.com\/in\/william-longin\/\" target=\"_blank\">William LONGIN<\/a> (MSc Financial Mathematics at Queen Mary University of London, 2026-2027).<\/p>\n\n<p>&nbsp;&nbsp;&nbsp;\u25b6 Discover all posts by <a href=\"https:\/\/www.simtrade.fr\/blog_simtrade\/author\/wlongin\/\" target=\"_parent\">William LONGIN<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this article, William LONGIN (MSc Financial Mathematics at Queen Mary University of London, 2026-2027) shares his experience as an M&amp;A Analyst intern at Dilcap Invest, an independent M&amp;A advisory boutique. Dilcap Invest Dilcap Invest is an independent M&amp;A Advisory Boutique founded in 2025 by Christophe AUGER. Teh firm is headquartered in the historic H\u00f4tel &#8230; <a title=\"My experience as an M&amp;A Analyst intern at Dilcap Invest\" class=\"read-more\" href=\"https:\/\/www.simtrade.fr\/blog_simtrade\/experience-ma-analyst-intern-dilcap-invest\/\" aria-label=\"Read more about My experience as an M&amp;A Analyst intern at Dilcap Invest\">Read more<\/a><\/p>\n","protected":false},"author":35,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5,18],"tags":[1007,363],"class_list":["post-19232","post","type-post","status-publish","format-standard","hentry","category-contributors","category-professional-experiences","tag-dilcap","tag-ma"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.3 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>My experience as an M&amp;A Analyst intern at Dilcap Invest - SimTrade blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.simtrade.fr\/blog_simtrade\/experience-ma-analyst-intern-dilcap-invest\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"My experience as an M&amp;A Analyst intern at Dilcap Invest\" \/>\n<meta property=\"og:description\" content=\"In this article, William LONGIN (MSc Financial Mathematics at Queen Mary University of London, 2026-2027) shares his experience as an M&amp;A Analyst intern at Dilcap Invest, an independent M&amp;A advisory boutique. Dilcap Invest Dilcap Invest is an independent M&amp;A Advisory Boutique founded in 2025 by Christophe AUGER. Teh firm is headquartered in the historic H\u00f4tel ... Read more\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.simtrade.fr\/blog_simtrade\/experience-ma-analyst-intern-dilcap-invest\/\" \/>\n<meta property=\"og:site_name\" content=\"SimTrade blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/fr-fr.facebook.com\/simtrade.fr\/\" \/>\n<meta property=\"article:published_time\" content=\"2026-10-04T20:01:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-10-04T20:10:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.simtrade.fr\/blog_simtrade\/wp-content\/uploads\/2025\/11\/img_SimTrade_Photo3_William_Longin.jpeg\" \/>\n<meta name=\"author\" content=\"William LONGIN\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@simtrade\" \/>\n<meta name=\"twitter:site\" content=\"@simtrade\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"William LONGIN\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"9 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/experience-ma-analyst-intern-dilcap-invest\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/experience-ma-analyst-intern-dilcap-invest\/\"},\"author\":{\"name\":\"William LONGIN\",\"@id\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/#\/schema\/person\/7eced06df01499a3c7f3446400527ee4\"},\"headline\":\"My experience as an M&amp;A Analyst intern at Dilcap Invest\",\"datePublished\":\"2026-10-04T20:01:18+00:00\",\"dateModified\":\"2026-10-04T20:10:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/experience-ma-analyst-intern-dilcap-invest\/\"},\"wordCount\":1942,\"publisher\":{\"@id\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/experience-ma-analyst-intern-dilcap-invest\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/wp-content\/uploads\/2025\/11\/img_SimTrade_Photo3_William_Longin.jpeg\",\"keywords\":[\"Dilcap\",\"M&amp;A\"],\"articleSection\":[\"Contributors\",\"Professional experiences\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/experience-ma-analyst-intern-dilcap-invest\/\",\"url\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/experience-ma-analyst-intern-dilcap-invest\/\",\"name\":\"My experience as an M&amp;A Analyst intern at Dilcap Invest - SimTrade blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/experience-ma-analyst-intern-dilcap-invest\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/experience-ma-analyst-intern-dilcap-invest\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/wp-content\/uploads\/2025\/11\/img_SimTrade_Photo3_William_Longin.jpeg\",\"datePublished\":\"2026-10-04T20:01:18+00:00\",\"dateModified\":\"2026-10-04T20:10:40+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/experience-ma-analyst-intern-dilcap-invest\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.simtrade.fr\/blog_simtrade\/experience-ma-analyst-intern-dilcap-invest\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/experience-ma-analyst-intern-dilcap-invest\/#primaryimage\",\"url\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/wp-content\/uploads\/2025\/11\/img_SimTrade_Photo3_William_Longin.jpeg\",\"contentUrl\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/wp-content\/uploads\/2025\/11\/img_SimTrade_Photo3_William_Longin.jpeg\",\"width\":800,\"height\":800},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/experience-ma-analyst-intern-dilcap-invest\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"My experience as an M&amp;A Analyst intern at Dilcap Invest\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/#website\",\"url\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/\",\"name\":\"SimTrade blog\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/#organization\",\"name\":\"SimTrade\",\"url\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/wp-content\/uploads\/2014\/01\/cropped-cropped-Banner_blog_SimTrade2.jpg\",\"contentUrl\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/wp-content\/uploads\/2014\/01\/cropped-cropped-Banner_blog_SimTrade2.jpg\",\"width\":940,\"height\":126,\"caption\":\"SimTrade\"},\"image\":{\"@id\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/fr-fr.facebook.com\/simtrade.fr\/\",\"https:\/\/x.com\/simtrade\",\"https:\/\/www.linkedin.com\/company\/sim-trade\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/#\/schema\/person\/7eced06df01499a3c7f3446400527ee4\",\"name\":\"William LONGIN\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/secure.gravatar.com\/avatar\/aed9e45e807a571f7d4262b5092864c223ca59e0f7f26900852bcd5f6ec65b41?s=96&d=mm&r=g\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/aed9e45e807a571f7d4262b5092864c223ca59e0f7f26900852bcd5f6ec65b41?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/aed9e45e807a571f7d4262b5092864c223ca59e0f7f26900852bcd5f6ec65b41?s=96&d=mm&r=g\",\"caption\":\"William LONGIN\"},\"url\":\"https:\/\/www.simtrade.fr\/blog_simtrade\/author\/wlongin\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"My experience as an M&amp;A Analyst intern at Dilcap Invest - SimTrade blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.simtrade.fr\/blog_simtrade\/experience-ma-analyst-intern-dilcap-invest\/","og_locale":"en_US","og_type":"article","og_title":"My experience as an M&amp;A Analyst intern at Dilcap Invest","og_description":"In this article, William LONGIN (MSc Financial Mathematics at Queen Mary University of London, 2026-2027) shares his experience as an M&amp;A Analyst intern at Dilcap Invest, an independent M&amp;A advisory boutique. Dilcap Invest Dilcap Invest is an independent M&amp;A Advisory Boutique founded in 2025 by Christophe AUGER. Teh firm is headquartered in the historic H\u00f4tel ... Read more","og_url":"https:\/\/www.simtrade.fr\/blog_simtrade\/experience-ma-analyst-intern-dilcap-invest\/","og_site_name":"SimTrade blog","article_publisher":"https:\/\/fr-fr.facebook.com\/simtrade.fr\/","article_published_time":"2026-10-04T20:01:18+00:00","article_modified_time":"2026-10-04T20:10:40+00:00","og_image":[{"url":"https:\/\/www.simtrade.fr\/blog_simtrade\/wp-content\/uploads\/2025\/11\/img_SimTrade_Photo3_William_Longin.jpeg","type":"","width":"","height":""}],"author":"William LONGIN","twitter_card":"summary_large_image","twitter_creator":"@simtrade","twitter_site":"@simtrade","twitter_misc":{"Written by":"William LONGIN","Est. reading time":"9 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.simtrade.fr\/blog_simtrade\/experience-ma-analyst-intern-dilcap-invest\/#article","isPartOf":{"@id":"https:\/\/www.simtrade.fr\/blog_simtrade\/experience-ma-analyst-intern-dilcap-invest\/"},"author":{"name":"William LONGIN","@id":"https:\/\/www.simtrade.fr\/blog_simtrade\/#\/schema\/person\/7eced06df01499a3c7f3446400527ee4"},"headline":"My experience as an M&amp;A Analyst intern at Dilcap Invest","datePublished":"2026-10-04T20:01:18+00:00","dateModified":"2026-10-04T20:10:40+00:00","mainEntityOfPage":{"@id":"https:\/\/www.simtrade.fr\/blog_simtrade\/experience-ma-analyst-intern-dilcap-invest\/"},"wordCount":1942,"publisher":{"@id":"https:\/\/www.simtrade.fr\/blog_simtrade\/#organization"},"image":{"@id":"https:\/\/www.simtrade.fr\/blog_simtrade\/experience-ma-analyst-intern-dilcap-invest\/#primaryimage"},"thumbnailUrl":"https:\/\/www.simtrade.fr\/blog_simtrade\/wp-content\/uploads\/2025\/11\/img_SimTrade_Photo3_William_Longin.jpeg","keywords":["Dilcap","M&amp;A"],"articleSection":["Contributors","Professional experiences"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.simtrade.fr\/blog_simtrade\/experience-ma-analyst-intern-dilcap-invest\/","url":"https:\/\/www.simtrade.fr\/blog_simtrade\/experience-ma-analyst-intern-dilcap-invest\/","name":"My experience as an M&amp;A Analyst intern at Dilcap Invest - SimTrade blog","isPartOf":{"@id":"https:\/\/www.simtrade.fr\/blog_simtrade\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.simtrade.fr\/blog_simtrade\/experience-ma-analyst-intern-dilcap-invest\/#primaryimage"},"image":{"@id":"https:\/\/www.simtrade.fr\/blog_simtrade\/experience-ma-analyst-intern-dilcap-invest\/#primaryimage"},"thumbnailUrl":"https:\/\/www.simtrade.fr\/blog_simtrade\/wp-content\/uploads\/2025\/11\/img_SimTrade_Photo3_William_Longin.jpeg","datePublished":"2026-10-04T20:01:18+00:00","dateModified":"2026-10-04T20:10:40+00:00","breadcrumb":{"@id":"https:\/\/www.simtrade.fr\/blog_simtrade\/experience-ma-analyst-intern-dilcap-invest\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.simtrade.fr\/blog_simtrade\/experience-ma-analyst-intern-dilcap-invest\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.simtrade.fr\/blog_simtrade\/experience-ma-analyst-intern-dilcap-invest\/#primaryimage","url":"https:\/\/www.simtrade.fr\/blog_simtrade\/wp-content\/uploads\/2025\/11\/img_SimTrade_Photo3_William_Longin.jpeg","contentUrl":"https:\/\/www.simtrade.fr\/blog_simtrade\/wp-content\/uploads\/2025\/11\/img_SimTrade_Photo3_William_Longin.jpeg","width":800,"height":800},{"@type":"BreadcrumbList","@id":"https:\/\/www.simtrade.fr\/blog_simtrade\/experience-ma-analyst-intern-dilcap-invest\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.simtrade.fr\/blog_simtrade\/"},{"@type":"ListItem","position":2,"name":"My experience as an M&amp;A Analyst intern at Dilcap Invest"}]},{"@type":"WebSite","@id":"https:\/\/www.simtrade.fr\/blog_simtrade\/#website","url":"https:\/\/www.simtrade.fr\/blog_simtrade\/","name":"SimTrade blog","description":"","publisher":{"@id":"https:\/\/www.simtrade.fr\/blog_simtrade\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.simtrade.fr\/blog_simtrade\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.simtrade.fr\/blog_simtrade\/#organization","name":"SimTrade","url":"https:\/\/www.simtrade.fr\/blog_simtrade\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.simtrade.fr\/blog_simtrade\/#\/schema\/logo\/image\/","url":"https:\/\/www.simtrade.fr\/blog_simtrade\/wp-content\/uploads\/2014\/01\/cropped-cropped-Banner_blog_SimTrade2.jpg","contentUrl":"https:\/\/www.simtrade.fr\/blog_simtrade\/wp-content\/uploads\/2014\/01\/cropped-cropped-Banner_blog_SimTrade2.jpg","width":940,"height":126,"caption":"SimTrade"},"image":{"@id":"https:\/\/www.simtrade.fr\/blog_simtrade\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/fr-fr.facebook.com\/simtrade.fr\/","https:\/\/x.com\/simtrade","https:\/\/www.linkedin.com\/company\/sim-trade"]},{"@type":"Person","@id":"https:\/\/www.simtrade.fr\/blog_simtrade\/#\/schema\/person\/7eced06df01499a3c7f3446400527ee4","name":"William LONGIN","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/aed9e45e807a571f7d4262b5092864c223ca59e0f7f26900852bcd5f6ec65b41?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/aed9e45e807a571f7d4262b5092864c223ca59e0f7f26900852bcd5f6ec65b41?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/aed9e45e807a571f7d4262b5092864c223ca59e0f7f26900852bcd5f6ec65b41?s=96&d=mm&r=g","caption":"William LONGIN"},"url":"https:\/\/www.simtrade.fr\/blog_simtrade\/author\/wlongin\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.simtrade.fr\/blog_simtrade\/wp-json\/wp\/v2\/posts\/19232","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.simtrade.fr\/blog_simtrade\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.simtrade.fr\/blog_simtrade\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.simtrade.fr\/blog_simtrade\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/www.simtrade.fr\/blog_simtrade\/wp-json\/wp\/v2\/comments?post=19232"}],"version-history":[{"count":4,"href":"https:\/\/www.simtrade.fr\/blog_simtrade\/wp-json\/wp\/v2\/posts\/19232\/revisions"}],"predecessor-version":[{"id":19236,"href":"https:\/\/www.simtrade.fr\/blog_simtrade\/wp-json\/wp\/v2\/posts\/19232\/revisions\/19236"}],"wp:attachment":[{"href":"https:\/\/www.simtrade.fr\/blog_simtrade\/wp-json\/wp\/v2\/media?parent=19232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.simtrade.fr\/blog_simtrade\/wp-json\/wp\/v2\/categories?post=19232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.simtrade.fr\/blog_simtrade\/wp-json\/wp\/v2\/tags?post=19232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}