M&A Due Diligence Intern
About the job
- Have completed an internship or working-student role in M&A, transaction services, corporate finance, investment banking, private equity, auditing, or transaction-related consulting.
- Be studying business administration, economics, finance, accounting, law, business engineering, or a comparable field, from at least the fifth semester or at Master's level.
- Be able to confidently read income statements, BWA reports, and balance sheets, and understand what revenue, EBITDA, working capital, and liabilities indicate about a company.
- Know and have applied valuation methods such as multiples and discounted cash flow.
- Be proficient in Excel, including pivot tables, XLOOKUP/VLOOKUP, and preparing and consolidating unstructured data.
- Work carefully, question inconsistencies, and independently clarify open issues.
- Have business-fluent German (C2) in spoken and written communication.
- Be available full-time for at least three months, ideally six months, and work from the Berlin office.
- Analyze BWA reports, annual financial statements, and cash flows; review revenue and managed units; and document red flags.
- Work on purchase-price models and calculate scenarios and earn-out structures.
- Review property lists, property management contracts, and ERP/process data; assess staffing and capacity needs; and prepare questions for discussions with target-company management.
- Condense results into clear findings and executive summaries; prepare property controlling and liquidity planning; and provide input for decision documents and appendices to the share purchase agreement (SPA).
- Create and maintain information request lists, organize the data room in DataSite or Google Drive, follow up on missing documents, and document open questions, progress, and results in Linear.
- Depending on experience and the transaction, lead individual due-diligence workstreams from the initial information request through the findings report.
- Work directly with the deal lead and operations and deal teams on ongoing acquisitions, following transactions from the initial data room through valuation and management decision to closing.
- Take responsibility for individual workstreams from day one and participate in conversations with target-company managing directors.
About the company
Buena provides property management as a service for landlords and real estate owners in Germany by combining AI-powered software with an active rollup strategy that absorbs small, pre-cloud property managers. Its platform automates rent collection, accounting, maintenance coordination, tenant screening, and utility billing, while offering a dedicated property manager and a digital portal for real-time activity and documents. It differentiates itself by developing its own AI tools and by integrating acquired firms into a unified system to standardize operations across portfolios. The goal is to simplify rental ownership, improve the tenant experience, and grow through software development and nationwide consolidation, with plans to expand into the U.S.
Company Size
201-500
Company Stage
Series A
Total Funding
$80M
Headquarters
Berlin, Germany
Founded
2016
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Simplify's Take
What believers are saying
- In July 2025, Buena raised $58 million from GV, 20VC, Stride, and Capnamic.
- Buena reported 500% revenue growth in 2024 and 300% growth in 2023.
- Buena's waitlist exceeds 5,000 landlords, signaling demand beyond existing customers.
What critics are saying
- Integration risk rises as Buena absorbs 20-plus firms and standardizes messy workflows.
- Germany's property management market stays fragmented, but competitors like Vivanta target the same automation niche.
- If acquisition financing tightens after 2025, Buena's rollup engine stalls and growth compresses.
What makes Buena unique
- Buena combines AI software with acquisitions, unlike pure software or pure rollup rivals.
- Since 2023, Buena brought 60,000 apartments online across Germany.
- Buena automates accounting and annual financial reporting for fragmented German property managers.
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Benefits
- Meal Benefits
- Gym Membership
- Professional Development Budget