Sell-side Tech M&A Internship - Start in Jan/Mar 2027

As an intern, you will work on several sell-side mandates in parallel, across the most active segments of the tech M&A market: AI-native software, vertical SaaS, cybersecurity, cloud infrastructure, data platforms, and HealthTech. Your missions will include:

• Mapping market trends, competitive landscapes and acquirer strategies in these fast-moving sectors;

• Sourcing and qualifying European tech startups, notably by screening VC and PE portfolios;

• Building financial models (business plans, valuations, DCFs) and analyzing key SaaS metrics;

• Contributing to the production of deal materials (pitch decks, teasers, Information Memoranda) in direct collaboration with founders and management teams;

• Building acquirer lists and participating in outreach to strategic and financial buyers worldwide;

• Supporting deal execution: due diligence coordination, data room management and Q&A follow-up.

What makes this internship unique is the breadth of exposure. At IPTP, interns are not confined to back-office analysis. You will attend board meetings alongside our partners, sit in on acquirer meetings with C-level executives from global tech leaders, participate in management presentations, and follow negotiations through to closing. You will interact directly with founders, CFOs and acquiring teams, giving you a front-row seat to every stage of a tech M&A transaction, from initial positioning to signed SPA.

It is a rare opportunity to develop, in a few months, the financial, strategic and relationship skills that define small-cap high-tech M&A, while working at the intersection of entrepreneurship, technology and international dealmaking.

Profil recherché

Requirements:

• Fluent in both French and English, written and spoken;

• Currently enrolled in or recently graduated from a top-tier Grande Ecole or equivalent (business or engineering);

• Prior internship experience in M&A, Private Equity or Venture Capital;

• Genuine interest in technology and software business models, with a working understanding of current themes such as AI-native applications, vertical SaaS, cloud infrastructure and cybersecurity;

• Strong financial modeling skills and proficiency in Excel and PowerPoint;

• Familiarity with the startup and venture ecosystem, and curiosity for how tech companies are built, scaled and sold;

• Excellent communication and teamwork skills, with the ability to interact confidently with senior stakeholders.

Déroulement des entretiens

Our process is designed to be fast and transparent, typically completed within two weeks.

1. Fit and technical interview with Analyst/Associate (30 minutes)

2. M&A case study with Associate/Partners (45 minutes)

3. Final conversations with Partners (30 minutes)

The first round takes place online. The case study and final conversations are held at our offices in Paris.