Debt Advisory Internship (March 2027)

Location: Paris, France 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’s Paris Debt Advisory team advises private equity sponsors, corporates and management teams on the structuring and execution of financing transactions, including acquisition financings, refinancings, recapitalisations and amendments.

The Paris Capital Advisory team operates with a lean structure, allowing interns to be fully integrated into a close-knit team and work directly alongside both junior and senior bankers throughout the execution of transactions. This provides significant exposure to all levels of the team and the opportunity to take on responsibility from the outset.

Debt Advisory combines financial analysis, transaction execution and direct interaction with private equity sponsors, corporates and financing providers. Interns are involved throughout the execution process, from the initial analysis of financing options and preparation of lender materials to lender outreach, due diligence, negotiation of financing terms and closing.

As an intern on the Capital Advisory team, you’ll benefit from the following opportunities:

Extensive, hands-on deal experience

Our interns are fully integrated into deal teams and work on several live transactions throughout their internship. The breadth of our assignments provides exposure to a wide variety of companies, sectors, financing situations and transaction structures.

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 banks, private debt funds and other alternative capital providers. This will give you a deeper understanding of the full spectrum of private capital markets and how different capital structures can be leveraged.

Strong analytical and technical exposure

You will develop a strong understanding of credit analysis, leveraged finance and debt structuring. You will contribute to financial modelling and debt capacity analyses, including leverage, cash flow, liquidity, covenant and debt repayment analyses, while developing a detailed understanding of companies' business models and financial profiles.

Duties & Responsibilies

The Capital Advisory internship at Lincoln International provides an excellent opportunity to work in a demanding, yet supportive, team-oriented environment, including:

Performing company, industry and credit analysis

Contributing to financial models and debt specific analyses (leverage, cash flow, covenants, etc.)

Contributing to the preparation of internal and external marketing materials, including financing presentations, information memoranda and lender materials

Identifying potential lenders

Conducting comparable transactions and financing research

Supporting process management, including the coordination of NDAs, release letters and other transaction documentation

Supporting the due diligence process and interactions with clients, lenders and other advisers

Contributing to the execution of transactions through to closing

The firm offers a unique, flexible culture that rewards initiative.

The following factors differentiate the Internship program at Lincoln International:

High levels of exposure to senior professionals within the firm

Exposure to multiple live transactions across a broad range of industries

Exposure to clients, private equity sponsors and financing providers

Potential opportunity to join Lincoln International as a full-time Analyst following the internship

Qualifications

Interested candidates should meet the following requirements:

Candidates should have completed at least six months of prior internship experience in Debt Advisory, Leveraged Finance, M&A, Private Equity or Transaction Services.

Strong attention to detail, intellectual curiosity and ability to work effectively in a demanding environment

Strong writing, verbal communication and computer skills (Excel,