I would say -
"Even though I don't have direct M&A experience, I know that in M&A 1)... 2)... 3)...". If you can list several points plus your perspective on these point, it should be enough to pursuade the interviewer.
"Even though I don't have direct M&A experience, I know that in M&A 1)... 2)... 3)...". If you can list several points plus your perspective on these point, it should be enough to pursuade the interviewer.