ppCirceus is an bAI-native holding /b that acquires and scales mission-critical B2B software businesses globally. We have raised $220m+ from leading global institutional investors and serve 200,000+ businesses across diverse verticals, focusing on high-retention, deeply embedded software. /ppOur model: acquire high-quality SaaS companies and accelerate their growth through a centralised AI platform, driving both revenue expansion and operational efficiency. We operate as long-term owners, continuously improving products through applied AI. /ph3The Role /h3pWe are hiring an bInvestment Analyst /bin Milan to work across the full acquisition cycle, from first contact with a founder to signing and integration. You will build the analysis that decisions are made on: market and competitive work, financial models, diligence findings, and the investment memos that go to our investment committee. /ppThis is a deal seat inside an operating company, not a fund. The businesses you underwrite become businesses we run, so the quality of your diligence shows up in the portfolio for years. /ppYou will spend as much time on retention curves, pricing, and product depth as on multiples, and you will stay close to assets after close rather than handing them to someone else. /ppAI is not a side interest in this role. You will be expected to build your own screening, extraction, and analysis workflows with AI tooling, and to underwrite what AI can do to a target's product and cost base. /ppYou will work directly with the MA leadership team, our operators, and our central AI team, with regular exposure to founders and their advisers. It suits someone who wants ownership early,



is comfortable reaching a view on incomplete information, and would rather run their own workstream than sit third on a deal team. /ph3What You'll Do /h3ulliSource and qualify acquisition targets through outbound origination, broker relationships, and proprietary screening /liliBuild and own financial models covering valuation, returns, cohort retention, and post-acquisition scenarios /liliRun commercial, financial, and product diligence, and pull the findings into a clear view on the asset /liliWrite investment memos and screening notes that stand up to challenge at committee /liliAssess where our central AI platform can expand a target's product and margin, and build that into the underwriting case /liliBuild AI-assisted workflows for origination, data extraction, and diligence, and leave the process better than you found it /liliPrepare valuation ranges and support structuring, LOIs, and negotiation with founders and advisers /liliCoordinate external advisers and internal workstreams to keep deals moving to timetable /liliTrack portfolio performance against the original underwriting case and flag divergence early /li /ulh3What We're Looking For /h3ulliOne to three years in MA, investment banking, private equity, transaction services,



or corporate development /liliStrong financial modelling and valuation skills, built from scratch rather than from templates /liliAbility to read a SaaS business quickly: recurring revenue quality, churn, expansion, gross margin, and cash conversion /liliPractical fluency with AI tools in your own workflow, with concrete examples of what you have automated or accelerated /liliClear written analysis and the confidence to defend a recommendation concisely /liliHigh attention to detail under deal timelines, with sound judgement on what matters and what does not /liliFluent English and Italian, written and spoken /liliRight to work in Italy /li /ulh3Nice to Have /h3ulliExposure to software, technology, or vertical SaaS transactions /liliExperience in origination or direct founder outreach rather than process-only deals /liliWorking knowledge of SQL, Python, or data tooling for diligence and screening /liliExperience building AI agents, scripts, or automations without engineering support /liliPost-close integration or value creation experience /li /ulh3Why Circeus /h3ulliExposure to a portfolio of software businesses rather than a single asset /liliDeal responsibility and senior access from your first months, not after two years /liliAI applied to real commercial problems, with impact you can measure /liliDirect collaboration with our central AI team and portfolio operators /liliOne team across London, Milan and Sarajevo, operating as a single system /liliCompetitive compensation and a clear route to increased deal ownership /li /ul /p #J-18808-Ljbffr

📌 Investment Analyst (Milano)
🏢 Circeus
📍 Milano