Callum Wetherby — Investment Banking Analyst, M&A
London
M&A analyst covering mid-market industrials and business services, with four years in transaction services before the deal floor. Built the operating model on a £310m packaging carve-out that closed at 8.4x EBITDA in March 2026.
Experience
Investment Banking Analyst, Thamesreach Partners · April 2023 – present
Mid-market M&A across industrials and business services, in deal teams of four.
- Built the operating model and DCF on a £310m carve-out of a packaging division, which signed at 8.4x EBITDA against an initial range of 7.2x to 7.9x.
- Ran buyer outreach on a £95m business services sale, approaching 74 parties and converting 11 to signed NDAs and four binding offers.
- Wrote the information memorandum for a founder-owned engineering group; the process closed 22% above the indicative range set at kick-off.
- Rebuilt the sector comparables library as one refreshable workbook, taking a pitch valuation page from a full day to under two hours.
- Reviews first-draft models for two graduate analysts and runs the monthly modelling clinic the intake now sits through.
Assistant Manager, Transaction Services, Ashdown Levett LLP · September 2021 – March 2023
- Delivered 19 buy-side due diligence engagements, including a £140m distribution platform where a £2.1m normalisation to EBITDA reset the headline price.
- Standardised the quality-of-earnings workbook used across the Leeds team, taking a first draft from four days to a day and a half.
- Trained six graduates on working capital normalisation ahead of the 2022 intake.
Audit Associate, Ashdown Levett LLP · September 2019 – August 2021
- Owned revenue and inventory sections on 14 manufacturing and retail audits under FRS 102, on engagements up to £220m of turnover.
- Passed all fifteen ACA examinations at first attempt while carrying a full audit caseload.
Education
- BSc Economics · University of Warwick · September 2016 – July 2019
Skills
- Deal execution: Sell-side M&A, Buy-side due diligence, Information memoranda, Data room management, Bid process management
- Valuation: DCF, LBO modelling, Trading comparables, Precedent transactions, Accretion and dilution, Quality of earnings
- Technical: Excel, VBA, Python, Capital IQ, PowerPoint, FRS 102 and IFRS
Certifications
- Chartered Accountant (ACA) — ICAEW
- Passed Level II of the CFA Program — CFA Institute
