Siris Capital Group Overview
Siris Capital Group is one of the leading private equity firms investing primarily in telecommunications, technology, data, and tech-enabled business service companies.
The common traits of companies they support include mission-critical and differentiated services and/or products with consistent market position and have potential for cash flow generation. In most cases, these companies face industry disruptions and new competitive threats.
The firm also aims for investments with transaction values ranging from $500 million to $2 billion.
One of the integral parts of Siris’ investment approach is its partnership with senior operating executives who work with Siris to find, validate, and capture investment opportunities.
Siris Capital Group was founded by Jeffrey Hendren, Peter Berger, and Frank Baker in 2011. Currently, the firm is based in New York, NY, USA.
Siris Capital Group AUM
According to the latest regulatory filings, Siris Capital Group has $7.2 BB in assets under management as of March 30, 2023.
Siris Capital Group Interview Process & Questions
Despite the changes in the interview changes for each candidate, the general nature of the process stays the same for the most part. In fact, you can anticipate the following:
- Interview rounds: 4-6
- Initial interviews are supervised by junior professionals, while later rounds are handled by more senior folks
- Unless it’s on-campus or on-cycle recruiting, expect that the entire process will last for multiple weeks
Get ready to answer a mixture of behavioral questions, technical questions, and fit questions when you interview at Siris Capital Group.
To help you with preparation, I’ve created a Growth Equity Interview Guide. Feel free to check it out.
Why Siris Capital Group
One of the questions you must prepare for is the “Why this firm” question.
If you’ve met employees at the firm during your networking efforts, make sure to mention them and how their experiences and testimonies helped in choosing their firm.
Also, do your homework and research the firm. You can try listening to interviews with its founders, management team, and investors to get to know them better.
For starters, here’s a quick but insightful interview with Frank Baker, Co-Founder of Siris Capital:
- Interview with Frank Baker, Co-Founder & Managing Partner of Siris Capital Group
- Frank Baker, Co-Founder of Siris, on innovating to build the next mega firm
Siris Capital Group Case Study
Communication skills and technical knowledge are two traits that investment firms highly value. To evaluate these, firms like Siris Capital Group ask candidates to perform case studies.
Most case studies will have you do financial modeling and investment recommendations. But for junior roles, a cold calling case study may also be part of the process.
I’ve discussed case studies in great detail inside my Growth Equity Interview Guide course.
Siris Capital Group Salary & Compensation
According to Glassdoor, analysts & associates at Siris Capital Group have an estimated total pay of $111,722 and $156,289 per year, respectively. These figures may vary depending on several factors such as location, education, and experience.
Siris Capital Group Careers, Jobs, & Internships
Feel free to visit our job board to stay updated with Siris Capital Group’s opportunities. We also feature open roles for other similar firms.
Siris Capital Group Portfolio & Investments
According to Crunchbase, Siris Capital Group has made seven investments across two funds. Some of their notable deals include Travelport, Constant Contact, and Mavenir.
Notable Transaction: Digital River
Digital River is one of the leading providers of commerce-as-a-service solutions around the world. Companies of all sizes depend on Digital River’s solutions to grow and manage their online businesses.
In 2013, Digital River processed over $30 BB in online transactions, connecting B2C and B2B digital products and cloud service companies, as well as buyers across multiple devices and channels with branded manufacturers, in almost every country worldwide.
In February 2015, Siris Capital Group acquired Digital River. This merger agreement, which was first announced in October 2014, is valued at around $840 million.
As part of this transaction, all the outstanding shares of Digital River common stock were converted into the right to receive $26 in case per share.
Digital River’s common stock was also delisted from NASDAQ, and the Company, which continued to operate as Digital River Inc, was wholly owned by an affiliate of Siris.
If you decide to send your application and build your investing career at Siris Capital Group, I would highly recommend that you check out my Growth Equity Interview Guide first before attending interviews.
Growth Equity Interview Guide helps professionals get a good grasp of topics that are typically covered during interviews such as financial modeling, case studies, and more. Check it out and start learning today!