Start Date: As soon as possible | Time Commitment: 20-30 hours/week | Duration: 16 weeks | Compensation: No base salary; 10,000€ bonus if deal sourced by intern is completed | Deadline to Apply: September 2nd, 2025 About Targos: Targos is a dynamic and innovative Search Fund in Spain looking to identify, acquire, and transform a single, high-growth business. Founded by two seasoned professionals with a combined 20 years of experience in Private Equity, advisory (M&A, and Strategy Consulting), and operations we leverage our deep M&A knowledge, operational experience and business acumen to source, evaluate, and execute compelling investment opportunities within the Spanish market. At Targos, we´re looking to bring a degree of innovation into our search, with a differentiated approach, we operate more similarly to a Private Equity firm than a traditional Search Fund. About the Role: We are seeking a highly motivated and analytical Visiting Analyst to join our team. The intern will play a critical role in supporting the identification, evaluation, and execution of potential acquisition targets, and will follow the deal end-to-end. This is an exceptional opportunity for someone looking to gain hands-on experience in all aspects of the private equity investment process within a dynamic and entrepreneurial environment, particularly for those that are interested in the Entrepreneurship Through Acquisition career path.Key Responsibilities: Market Research and Due Diligence: Conduct in-depth industry and company research, including market sizing, competitive analysis, and commercial analysis.Deal Sourcing: Running a proprietary direct outreach program to contact business owners and employing brokered channels to identify attractive acquisition targetsFinancial Analysis: Analyze financial statements and contribute to the preparation of valuation models (DCF, LBO, multiples) and sensitivity analyses.Value Creation Plan Development: Contribute to the development of comprehensive business plans for potential acquisition targets and portfolio companies. Deal Execution: Assist in all phases of the deal process, including target screening, contact outreach, due diligence, and transaction closing.Project Management: Assist in the coordination and execution of various project timelines and deliverables, ensuring timely completion of key milestones.Investor Relations: Assist in preparing investor presentations and maintaining relationships with investors. Skills & Interests: Strong Quantitative Skills: Ability to analyze complex financial data, build financial models, and perform valuation analyses.Excellent Research and Problem-Solving Skills: Ability to conduct thorough research, identify key issues, and develop creative solutions.Great Communication and Interpersonal Skills: The ability to effectively communicate with both internal and external stakeholders. Strong Initiative and Coachability: Highly motivated with a strong desire to learn, improve, and contribute to the success of the firm.Interest in Search Funds and Entrepreneurship: Passion or strong interest for private equity industry and/ or Search Funds.Fluency in Spanish and English. Proficiency in Microsoft Excel and PowerPoint: Advanced Excel skills, including financial modeling and data analysis.Experience & Knowledge: Bachelor’s degree (recent graduate or final-year student) in Finance, Economics, Business, or a related field from a top-tier university.Strong understanding of accounting, financial modeling, and valuation methodologies (DCF, LBO, multiples).No prior work experience required, but a demonstrated interest in private equity, investment banking or search funds is important.Advanced Microsoft Excel and PowerPoint skills. To Apply: Please send your CV to Diego Canales (dcanales@targoscapital.es) and/or Nicolas Romo (nromo@targoscapital.es) with the subject line: “(Your Name”) – Visiting Analyst Application” and tell us more about you, your availability, the hours per week you could commit, why this is interesting to you, and any other information you think we should have.