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Who is invited to the Closing Dinner?

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I'm at a small boutique I-Bank and we just closed a decent sized LMM deal, biggest in our short history. We were assuming that we do dinner with the sellers / mgmt team, but the P/E Associate is asking about our plans for a closing dinner.

Do we invite that P/E firm to the one we already planned? Do we do a second one? Do we pay for a second one?


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