Investment Analyst
Pubblicato il 04-10-2026 - InforCapital in Balgano
Location: Milan, Italy
About Circeus Circeus is an AI-native holding 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. Our 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.
The RoleWe are hiring an Investment Analyst in 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. This 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. You 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. AI 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. You will work directly with the M&A; 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.
What You'll Do
- Source and qualify acquisition targets through outbound origination, broker relationships, and proprietary screening
- Build and own financial models covering valua