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Technology careers in Transaction Strategy and Execution

The EY-Parthenon Transaction Strategy and Execution (TSE) Technology teams provide technology-related advice to assist corporate and private equity clients in realising their value potential through M&A activity – integration or divestments – or through rapid transformations.

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TSE Technology is hiring for summer internship roles for the 2025 programme. Please explore other full-time programmes available:

As an Analyst in the Private Equity Technology (PET) team at EYP, I’ve had the opportunity to work on several exciting projects over the past two years. I’ve been involved in vendor due diligence for an innovative edtech company and have provided advisory support to some of the world’s largest private equity firms on potential portfolio acquisitions. I genuinely enjoy the team culture, and I’m eager to continue contributing and growing within the team!

Barney

In my first year within the PE Technology team, I have had the opportunity to contribute to a diverse range of buy-side and vendor diligence engagements. While my focus lies in cybersecurity, I have also gained valuable knowledge in enterprise IT and product development through collaboration with my colleagues. To expand my network within TSE, I joined the Career Support and Recognition Initiative teams. It has been a rewarding experience to contribute to client engagements while simultaneously supporting my colleagues in practice development.

Sajini

TSE Technology

The team is referred to as the Private Equity Technology team (PE Technology) and comprises of three workstreams - Technology, Cyber and the Software Strategy Group (SSG). While each workstream has a slightly different focus (see below), all help advise our private equity (PE) and corporate clients to evaluate key technology risk areas and identify value creation opportunities. We typically work during the pre-deal phase of M&A transactions or on rapid transformations between transactions.

A typical project duration ranges from a few weeks to several months in length, offering a fast-paced and challenging environment to grow and an excellent way to explore a variety of service offerings and sectors in a short amount of time.

What will you be doing?

You will work across each workstream - Technology, Cyber and SSG
You will assess the target business’ technology landscape including technology strategy, software products and platforms, IT applications and infrastructure, technology costs and conduct cybersecurity risk assessments
The focus of the assessment will vary depending on your team (see below), and will include identifying high risk areas/issues, unaddressed gaps, and areas for overall improvement
You will gain exposure to the deal/investment “engine” including the diligence process, valuation process, stakeholders involved (e.g., PEs, M&A teams, investment banks, legal team), bidder meetings and the deal negotiation process
You will assist with wider practice development tasks from recruitment through to learning and development as well as business development activities such as preparing pitches and presentations.
You will have the opportunity to join regular socials and events with TSE and the wider firm
You will work on a wide range of pre-deal service offerings, including:
- Technology diligence – assessing a target (buy-side) or a client company’s (sell-side) technology landscape
- Carve-out/separation diligence – identifying technology entanglements and estimating technology separation costs in a divestment
- Value creation – identify and cost technology initiatives that will add value to a target business
- Synergy analysis – identify and cost technology-related synergies (benefits) between two target businesses

Technology

Technology diligence is broad and encompasses the whole technology landscape of a business.

Key pillars include:

Technology strategy, projects and roadmap
Product platforms (if any)
Business applications
IT infrastructure (including hosting and networks)
IT organisation and processes
Technology costs

Target companies can be from any sector.

Cyber

Cyber focuses on assessing the resiliency of a business to cyber and information security incidents.

Key pillars include:

Governance and policy for security risk management
Risk management frameworks
Cyber defence and vulnerability management
Response and recovery
Data protection and privacy

Target companies can be from any sector.

Software Strategy Group (SSG)

SSG focuses mainly on product technology in software-enabled businesses.

Key pillars include:

Product/platform and roadmap
Core technology and architecture
R&D organisation and processes
Hosting infrastructure and practices

Target companies are in the Software Economy, providing software as a core product

Programme length

Graduate: 2 years
Summer internship: 8 weeks

Programme eligibility

Graduate: the programme is aimed at final-year university Bachelor’s and Master’s students, pursuing a STEM or related (e.g., Economics) degree with a keen interest in technology.
Summer internship: the programme is aimed at students in their penultimate year of study.

How will it be structured?

Please note TSE Technology are hiring for Summer Internship Positions only this cycle

If you are looking for a full-time role, please explore our other programmes available:

EY-Parthenon Corporate and Growth Strategy
EY-Parthenon Financial Services Strategy
EY Student Recruitment

Once you join this programme, you will join the Transaction Strategy and Execution (TSE) Technology pod. This means you will work exclusively on engagements that focus on pre-deal M&A activity and rapid transformations, providing a unique opportunity to gain extensive deal experience from the outset which will help you decide early how you want to shape your career.

In your first year, you will work across the Deal Tech, Cyber and Software Strategy Group (SSG) workstream, giving you the chance to explore all of TSE’s technology service offerings. We will bring you up-to-speed through a dedicated analyst induction followed by specialist technology training as you rotate into each team. This will provide a great opportunity to develop the initial skill set required to be effective as an analyst.

From an early stage in each rotation, you will get to work on real client projects – where the proper learning begins! Analysts are expected to take on responsibility for individual pieces of work as soon as they feel comfortable, whether that be owning part of the deal analysis, participating in idea generation and brainstorming sessions or helping shape a section of the final report.

Through a combination of formal and on-the-job training, you will build up a deep knowledge of technology as it relates to M&A transactions and the analytical techniques used to assess it. You will learn core skills (including PowerPoint, Excel and selected data handing/visualisation tools), soft skills (project management and developing relationships with stakeholders) as well as specific technical skills (financial modelling, outside-in product evaluation, estimating technology one-off and standalone costs, cyber maturity assessments, etc.).

As you progress through the programme, you will take on more responsibilities and obtain experience across different service offerings, broadening your transactions and technical knowledge, sector understanding and professional network.

The programme empowers you to quickly take ownership of project and non-project elements which sets you up for a high growth career trajectory within the firm.
This summer internship programme is aimed at penultimate-year university students interested in complete immersion in the world of EY-Parthenon over eight weeks of hands-on work experience. Interns will be exposed to real-life transactions, technology strategy discussions and take part in shaping the future of companies.

Below are some key details you can expect as a PE Technology summer intern:

You will learn how technology / product / cyber due diligence is performed and how to identify technology-related value-creation opportunities that benefit clients;
Over the course of your internship, you will be exposed to a diverse range of situations within the transaction lifecycle in varying sectors and technology-related service offerings;
You will learn from the best. Our UK&I TSE team is composed of over 250 exceptional and diverse people, including leaders across all sectors and service offerings;
You will receive on-the-job training and develop analytical and problem-solving skills; You will gain first-hand experience with our partners and the work they do – all summer interns will shadow a partner for a day;
You will be connected with the global EY-Parthenon professional network for exposure with international teams and clients.

At the end of the eight-week programme, top-performing interns will be considered for graduate opportunities following the completion of their degrees.

General FAQs

Please see TSE page for general FAQs relating to the application and interview process, eligibility and visa requirements and key process milestones.

Technology is now the backbone for all businesses irrespective of sector or service offering. When a company is bought or sold it is vital to understand its technology landscape, as it is this that is typically the biggest driver of cost and complexity in the transaction. A company’s technology landscape is everything within the organisation that is related to technology/IT. For example:

Technology estate comprising of revenue generating software platforms, enterprise applications and underlying infrastructure
Technology strategy including transformation and projects, governance and product roadmap
Technology operating model, from leadership, internal IT and R&D teams and product tech teams to outsourced contractors
Technology financials including operational and capital expenditures and technology investment plan
Cybersecurity tools, infrastructure and processes
The “pre-deal” phase of an M&A transaction is exactly what it says on the tin. It is the period that precedes the final closure of a business deal. During this time, we help our clients make critical decisions regarding whether to continue with the deal and how much to pay.

Pre-deal engagements are typically high-intensity, short-duration diligence projects that will put your analytical and problem-solving skills to the test and allow you to get considerable deal experience under your belt in no time at all.
EY has multiple technology advisory teams. The TSE Technology team is part of EY-Parthenon and performs technology assessments relating to M&A transactions on both the buy and sell sides.

Our team does not work in tech implementation, RFP processes and other long term technology advisory roles. However, we do liaise with other technology teams and EY divisions closely whenever we can leverage their expertise.

EY-Parthenon strategy consulting careers | UK

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EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com.

EY-Parthenon is a brand under which a number of EY member firms across the globe provide strategy consulting services.

| About EY-Parthenon | EY-Parthenon careers > What you can do here | What it’s like to work here | How to join |

Technology careers in Transaction Strategy and Execution

The EY-Parthenon Transaction Strategy and Execution (TSE) Technology teams provide technology-related advice to assist corporate and private equity clients in realising their value potential through M&A activity – integration or divestments – or through rapid transformations.

TSE Technology

What will you be doing?

Programme length

Programme eligibility

How will it be structured?

Graduate

Summer internship

General FAQs

What do you mean by “technology” in the context of an M&A transaction?

What do you mean by “pre-deal”?

How does this programme differ from EY technology consulting or technology advisory graduate programmes?

Connect with us