2028 Summer Analyst Intern | CAG

Location: Chicago, IL; New York, NY; Los Angeles, CA Department: Investment Banking, Capital Advisory Group

Lincoln International, Inc. (NYSE: LCLN) is a trusted investment banking advisor to business owners and senior executives of leading private equity firms and their portfolio companies and to public and privately held companies. Our services include mergers and acquisitions advisory, private funds and capital markets advisory, and valuations and fairness opinions. The global enterprise is comprised of a tightly integrated team of more than 1,400 professionals in more than 30 offices in 14 countries, offering an unobstructed perspective on the global private capital markets, backed by superb execution and a deep commitment to client success. With extensive industry knowledge and relationships, timely market intelligence and strategic insights, we forge deep, productive client relationships that endure for decades. Connect with us to learn more at www.lincolninternational.com.

At Lincoln International, we know that the success of our global organization is a direct outcome of the strength of our people. We encourage diversity of thought and create talent density by attracting, retaining and engaging high performers from all demographics, backgrounds and perspectives. We value diversity, equity and inclusion as a catalyst to foster innovation and creative problem solving, access the best candidates and adapt to a highly dynamic, competitive environment. We know that employing a diverse team and valuing the unique perspectives of our people allows us to better understand and serve the needs of our clients.

Lincoln International is committed to creating a diverse environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status. We encourage you to read more about our commitment to diversity and Environmental, Social & Governance (ESG) efforts.

Lincoln International follows a hybrid work structure with an emphasis on in office collaboration.

Our employees work in our offices Monday through Thursday each week, with the option to work remotely or from the office on Fridays.

About Lincoln’s Capital Advisory Group (“CAG”)

Lincoln’s Capital Advisory team is a leading arranger of financing in the middle market, advising on a wide range of transactions, including acquisition financings for new platforms and add-ons, refinancings, dividend recaps, amendments and restructurings.

Much like a traditional M&A process, a capital advisory process involves in-depth industry and company research, identifying potential interested parties, preparing marketing materials and overseeing the diligence and negotiation process to arrive at a final agreement. While both processes are designed to facilitate successful transactions, our capital advisory engagements often move at a faster pace and can be more intricate, requiring the navigation of multiple potential solutions and variations. Additionally, we work with a broader range of investors, including those focused on lending, growth equity and distressed assets, which demand more nuanced messaging tailored to the specific needs of each audience.

Why CAG

As a summer analyst on the Capital Advisory team, you’ll benefit from the following opportunities:

Extensive, hands-on deal experience: Our team of 60 individuals closed 30 deals last year and has over 40 active and closed deals year-to-date. With our faster-paced processes in comparison to a traditional sell-side / buy-side process, you’ll gain more deal experience in less time while benefitting from collaborating across different industry groups. The group’s industry-agnostic nature will allow you to work with a diverse range of niche businesses, broadening your exposure across various sectors of interest.

Deeper exposure to private equity, private capital markets and leveraged finance: We work closely with private equity firms and interact with a wide array of capital providers, including commercial banks, private credit funds, mezzanine lenders and institutional investors. This will give you a deeper understanding of the full spectrum of private capital markets and how different capital structures can be leveraged.

Highly technical and strategic experience at the analyst level: You’ll develop a deeper understanding of the strategic use of debt in financial transactions. In our processes, you will play a key role in creating comprehensive three-statement financial models and conducting detailed analyses to illustrate the necessity and benefits of financing opportunities. While these analyses are typically led by our full-time analysts, you will have the chance to participate and learn, providing a pathway to potentially returning for a full-time role. This experience will sharpen your ability to align financial data with a strategic narrative, all while collaborating closely with a senior team that has extensive expertise in leveraged finance, direct lending and investment banking within a highly supportive environment.

No prior experience or knowledge of private capital markets or M&A is necessary — just a curiosity and a willingness to learn.

Responsibilities

The Capital Advisory Summer Analyst Intern position at Lincoln International provides an excellent opportunity to work in a demanding, yet supportive, team-oriented environment and will provide you with many of the same experiences as the full-time Analyst position, including:

Performing financial analyses, complex financial modeling and valuations

Preparing marketing materials for sale and debt placement components of CAG assignments

Identifying potential lenders / acquirers / investors / lenders

Ensuring the accuracy and quality of all presentation materials

Supporting the due diligence process with pot