About Circeus

Circeus is an AI-native holding that acquires and scales mission-critical B2B software businesses globally. We serve 200,000+ businesses across diverse verticals, focusing on high-retention, deeply embedded software.

We 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 Role

This is a hands-on internship on the team that finds, evaluates, and acquires the software businesses that join Circeus, based in our Milan office. You will sit close to live deals from first look through to diligence, building the analysis that informs whether we pursue a target.

Day to day, you will screen inbound and sourced opportunities, build financial models, and pull together the market and product context the team needs to move quickly. You will work directly with investors and operators, and see how an acquisition travels from a broker email to a signed deal.

This role is ideal for someone analytical, commercially curious, and eager to learn how software companies are valued and acquired. Comfort with numbers is essential, while an interest in how AI is reshaping software will give you an edge.

What You'll Do

• Screen inbound and proprietary deal flow against our acquisition criteria.
• Build and maintain financial models to assess target performance and valuation.
• Analyse SaaS metrics, including retention, churn, and recurring revenue quality.
• Research markets, competitors, and product positioning to support investment theses.
• Prepare screening memos and investment materials.
• Support commercial, financial, and product due diligence on live opportunities.
• Track and organise pipeline data across sourcing and diligence stages.
• Synthesise findings from calls with founders, brokers, and advisers.

What We're Looking For

• Working towards or recently completed a degree in Finance, Economics, Engineering, or a related field.
• Strong analytical skills and confidence building and interpreting financial models.
• Advanced spreadsheet skills with the ability to turn complex data into clear insights.
• Commercial curiosity and genuine interest in software businesses.
• Excellent written communication skills for investment memos and analysis.
• Highly organised with the ability to manage multiple workstreams and deadlines.
• Fluent English.

Nice to Have

• Exposure to SaaS or B2B software through work, projects, or academic experience.
• Familiarity with AI tools and curiosity about their impact on software and investing.
• Previous internship experience in M&A, Private Equity, Investment Banking, or a startup.
• Basic SQL or data analysis skills.
• A second European language.

Why Circeus

• Learn across a broad portfolio of software businesses rather than a single company.
• Gain exposure to real M&A deals from sourcing through completion.
• Work directly with investors and operators in a fast-moving environment.
• Collaborate with a central AI team applying technology across our portfolio.
• Enjoy real responsibility, mentorship, and a clear path for high performers.

Ready to launch your career in M&A while helping shape the future of AI-powered software? We'd love to hear from you. Apply today.