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Ok, what does ‘F’ mean
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Market understanding pre LOI and getting through their IC.
After that the consultants products are mainly used for lenders.
CYA with their investors. And because most PE firms don’t have the desire and/or capabilities to do different parts.
(Side note: QOE reports are totally useless, my POV)
Do consultants ever perform valuation work for PE firms?
Not sure why this work would be outsourced, but this was the basis for a case study I encountered