Credit Suisse Investment Banking groups in London

How strong are these different groups at Credit Suisse in London and which ones will be best for breaking into PE and HF?

  • Leveraged Finance and Financial Sponsors group
  • Retail / Consumer
  • Healthcare
  • Energy
  • Real Estate, Technoloy, Media & Telecoms
  • Industrials
  • M&A

I have used the search function, but it is difficult to find some sort of updated info. I have heard that their Healthcare team in London is small, but growing .

 

Obviously sponsors is excellent, TMT is strong and has some of the best training internal training of any group (share floor and COO with M&A and do a lot together), consumer is supposed to be good, so is the UKIB country team which has a decent number of corporate broking clients. Think industrials has lost a few big hitters. HC is very small in London

 

Bump?

I think that i really want to do buyside after a few years in banking. Would it be worth it to go into sponsors or LevFin right now? Does anyone know how much dealflow those two groups are getting in Europe right now?

 

Sponsors in Europe are pretty much doing nothing in most banks bar the odd pitch. So its not a good area to go into now although CS Sponsors are legit. I would consider M&A execution or one of their industry teams which execute to be an area of interest. Energy, whilst very interesting might not be a good area to start if you want to go into PE in EU as not many funds look into that sector. I might be wrong on that last point and would like to hear the views of others.

 

On that last point, just talking from my personal experience, which might be completely wrong. A buddy of mine just got 10 MM to fund an energy company in Germany, the market is huge over there. A few PE funds are really interested in that area, it really just depends which area of Europe you are in. Again, this is IMHO, and I am just talking about one country in Europe here.


Remember, you will always be a salesman, no matter how fancy your title is. - My ex girlfriend

 
madinina:
Hi, I was wondering whether anyone had any idea as to what the top groups at CS london were? I know in the US, CS has a very strong Sponsors group, is it the same in London or are things totally different? Thanks for the help!

Bump.

 
rodneymullen:
FS in London is generally at a major low point. There aren't any big players anymore. When the market picks up for PE, I think you'll see a shift in rankings. If you enjoy what you do and your good at it, then you have exit opps.

private equity in a slump over in london these days? could you elaborate a bit?

 

A lot of top banks such as GS and MS dont have financial sponsor teams (they cover Pe from industry teams) - I'm just trying to find out which bak would give me the best PE deals exposure and networking opportunities.

PE deals are actually picking up markedly and expect some more activity going forward as credit comes back

On the deals above, advisors were KKR >> Nomura Bridgepoint >> Rothschild / JP Morgan Barclays PE >> UBS Warburg Pincus >> Close Brothers Intermediate Capital >> Close Brothers

CS doesnt seem to be around much

...

 
ucla:
What about M&A @ CS? Are they a top group / have good PE exits?
M&A is solid at CS. They've been doing some big deals this year - AIA, MetLife, just advised Silver Lake on Interactive Data, etc. Through Q1 they were 3rd in M&A worldwide and tops in the US, but generally settle in the 4-7 range by year-end.
 

chirmurri, way too quiet in here. What about these resources:

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  • Credit Suisse Investment Banking groups in London How strong are these different groups at Credit Suisse in London and which ones will be best for ... is small, but growing. credit suisse ... it is difficult to find some sort of updated info. I have heard that their Healthcare team in London ...
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  • Credit Suisse or Deutsche: IBD London which IBD teams are know to be strong at CS and DB? I obviously have my own thoughts about the teams, ... significant different between the two in London/ in general, in terms of deal flow, placements, etc. Also, ...
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  • More suggestions...

Maybe one of our professional members will share their wisdom: Asad-Gul ktowles56-7 Londonista

You're welcome.

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

I have a few friends in CS London and the most well-known group is Leverage Finance and Financial Sponsors. Apparently, it is a factory of private equity analysts.

Second most popular group between Retail/Consumer and Energy.

 
Most Helpful

CS Sponsors is still very strong, although I tend to think the experience for a junior is not as interesting as being in an industry team where you will be doing LBOs as well as owning an operating model. I think PE funds are more and more looking for bankers with a double hat - i.e., that can run a model quickly and also analyse a company's BP. You will be doing both in an industry team, but not in a product team. That being said, the team has an amazing brandname and a network of alumni who went to big funds so you can't go wrong there.

TMT has had a good dealflow recently but a lot of it is telecoms and infra so not the best if you want to exit in a traditional PE fund. Also, work/life balance is really tough. The tech vertical has been really successful lately so a good bet if you are more interested in exiting to growth/VC funds.

FIG is notoriously the worst team - bad culture with seniors who really don't care about protecting their juniors. You will be doing a lot of painful pitches - avoid at all costs. Some unlucky interns ended up being placed in FIG even without ranking the team in their list.

M&A team is a sweet spot, doesn't work as hard as TMT/FIG, juniors have good deal exposure, seniors really go to bat for their team (heard most of the fast-tracked analysts were from M&A this year).

 

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