Very simple first round interview, a couple of simple technicals and behavioural, no RX questions though. Seemed very informal and there was not a lot of structure in the interview.
Interview questions [1]
Question 1
Asked me about an M&A deal and cost vs revenue synergies
I applied online. I interviewed at Ducera Partners (New York, NY)
Interview
The interviews included many technical, restructuring-focused questions and complex accounting questions, so be prepared for a challenging experience. While most of the interviewers were very nice, some were unnecessarily unfriendly and harsh.
Interview questions [1]
Question 1
What would you expect the tranches of debt to trade at and why?
I applied online. The process took 2 weeks. I interviewed at Ducera Partners (Los Angeles, CA) in Feb 2024
Interview
Started as a 1st round, focused on restructuring where I was asked pretty basic behaviorals and technicals (DCF, accounting, and valuation). Quickly progressed into restructuring questions which were somewhat basic, but necessary to understand what restructuring is, why it happens, and how it works. Invited back for second round which was more in-depth on restructuring specifically. Far more difficult technical questions. Overall smooth process. No return offer.
Interview questions [1]
Question 1
If a company has senior debt of $350mm, subordinate debt of $300m, equity of $50mm, and an enterprise value of $500mm. Walk me through the payouts, debt waterfall schedule, and the percentage returns for each debt/equityholder.