Location: Remote (candidates based in London, UK) Job type: Internship, part-time Hours: 10 to 12 hours per week Duration: 3 months Pay: Unpaid internship, with weekly performance-based bonuses (not guaranteed) Language: Fluent English
The role in brief
You learn M&A the way practitioners do, by working on real deal situations rather than textbook exercises. The internship starts with understanding sellers, because knowing what motivates an owner is where a deal begins. From around week four, you can begin supporting live deals and learning how valuation, structure and sequencing fit together in an entrepreneurship through acquisition (ETA) transaction.
Responsibilities
- Start conversations with business owners and executives to understand their businesses and goals (outbound outreach is part of the role)
- Weigh seller motivations against buyer constraints
- Assess feasibility and deal readiness
- Help turn what you learn into lower-middle-market deal structuring
- Prepare conversation notes, next steps and negotiation plans
- Study earnouts, seller financing, rollover equity and reps and warranties
- Observe how Caprae handles valuation gaps and what kills or revives a deal
Compensation
This is an unpaid, part-time internship. It runs for 3 months at 10 to 12 hours per week. Weekly performance-based bonuses are available. They are not guaranteed.
Interns who join the deal team and manage deal flow can earn up to 20% of Caprae's success fee, and several have built a potential bonus pool of $50K+. This is performance-based and not guaranteed.
Progression
After one month, interns with strong performance may work alongside the deal and research teams. Caprae prefers to hire full-time staff from the internship, and converted three interns to full-time roles in 2025.
About Caprae
Caprae is a private equity and acquisitions platform founded in January 2025 and led by Kevin Hong, a serial founder who scaled two tech ventures to $31M ARR and $7M in revenue. It brings together an international research engine, a deal sourcing arm and a growing tech layer, and its services divisions have completed $50M in transaction value.
Qualifications
- Fluent in English
- Clear communicator and fast learner
- Wants responsibility early
- Prefers doing to observing
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