I left an investment bank to join a private equity firm about a month ago. I am now working on a deal that I previously worked on when I was on the sellside (I literally made the entire CIM). Any tips on how to handle this? Is it fine to tell my current firm everything I know about the company?

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Posting as :
works at
You are currently posting as works at

Why would you ask this here? Needs to be said to your deal team. This should be something you raise immediately upon joining the process, not something you sit on. Regardless of legal/ethical boundaries (ask your firm legal for that) I guarantee someone from the company will recognize you were involved. Will absolutely leave a bad taste in their mouth with respect to working with your firm as a partner.

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“Haven’t given me further guidance in whether I should exercise caution in disclosing confidential information to them”

A lot to unpack here… I know you’re asking for advice/help, but didn’t you learn about ethical walls in IBD training / your time in banking?

Sharing MNPI isn’t a gray area. Recuse yourself from the deal and be very vocal with your team about why it wouldn’t be appropriate for you to work on this transaction. If they push for you to give them info on the company, that’s a major red flag.

If you enjoy being sued sure

likefunny

sued for breaching the NDA with my previous employer?

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What is the conflict? Everything you know about the company is in the data room, that your PE shop has access to.

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Would be silly to assume there is no data / information the sellside received that was ultimately not put in a VDR…

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Escalate to compliance for a view. Worst case they may just take you off the deal, best case it puts your mind at rest if they deem it OK.

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Get that email documentation going for your own safety!

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Lmao

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