ppbLocation: /b Milan, Italy /p h3About Circeus /h3 pCirceus 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. /p pOur 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. /p h3The Role /h3 pWe 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. /p pThis 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. /p pYou 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. /p pAI 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. /p pYou 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. /p h3What You'll Do /h3 ul liSource and qualify acquisition targets through outbound origination, broker relationships, and proprietary screening /li liBuild and own financial models covering valuation, returns, cohort retention, and post‑acquisition scenarios /li liRun commercial, financial, and product diligence, and pull the findings into a clear view on the asset /li liWrite investment memos and screening notes that stand up to challenge at committee /li liAssess where our central AI platform can expand a target’s product and margin, and build that into the underwriting case /li liBuild AI‑assisted workflows for origination, data extraction, and diligence, and leave the process better than you found it /li liPrepare valuation ranges and support structuring, LOIs, and negotiation with founders and advisers /li liCoordinate external advisers and internal workstreams to keep deals moving to timetable /li liTrack portfolio performance against the original underwriting case and flag divergence early /li /ul h3What We’re Looking For /h3 ul liOne to three years in MA, investment banking, private equity, transaction services,



or corporate development /li liStrong financial modelling and valuation skills, built from scratch rather than from templates /li liAbility to read a SaaS business quickly: recurring revenue quality, churn, expansion, gross margin, and cash conversion /li liPractical fluency with AI tools in your own workflow, with concrete examples of what you have automated or accelerated /li liClear written analysis and the confidence to defend a recommendation concisely /li liHigh attention to detail under deal timelines, with sound judgement on what matters and what does not /li liFluent English and Italian, written and spoken /li liRight to work in Italy /li /ul h3Nice to Have /h3 ul liExposure to software, technology, or vertical SaaS transactions /li liExperience in origination or direct founder outreach rather than process‑only deals /li liWorking knowledge of SQL, Python, or data tooling for diligence and screening /li liExperience building AI agents, scripts, or automations without engineering support /li liPost‑close integration or value creation experience /li liAdditional European languages /li /ul h3Why Circeus /h3 ul liExposure to a portfolio of software businesses rather than a single asset /li liDeal responsibility and senior access from your first months, not after two years /li liAI applied to real commercial problems, with impact you can measure /li liDirect collaboration with our central AI team and portfolio operators /li liOne team across London, Milan and Sarajevo, operating as a single system /li liCompetitive compensation and a clear route to increased deal ownership /li /ul /p #J-18808-Ljbffr

📌 Investment Analyst (Milano)
🏢 Shop Circle
📍 Milano