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Hoping to get some feedback on the Charlotte boutique/MM banking landscape from any monkeys who are familiar with the area. I've put together a rough list below, sorted from the more well-known names that I've heard and seen discussed on WSO to smaller firms that I haven't heard much about.

Anyone have info on culture, dealflow, exit ops, from the list below? Any other banks that should be included in this list? Would be particularly interested in hearing about some of the names that haven't been discussed on WSO before.

Well known names:
Edgeview
McColl
Blackarch
Baird
Jefferies
Sagent Advisors
Lazard Middle Market

Other known names:
Brookwood Associates
Fidus
Morgan Keegan
Fennebresque & Co

Others:
7 Mile Advisors
Allen C Ewing
Anderson Leneave
Bourne Partners
Carl Marks
Chapman Associates
Cerium Capital
Coutant Capital
Decision Point International
Dragonfly Capital
Duncan Williams
Greer & Walker
Robertson and Foley
Sherman & Company
Tobin and Company
Triarch Partners

Comments (14)

  • marauders4's picture

    I interned at a "well known name" last summer in Charlotte. Culture was very different from their NYC brethren and very committed to becoming bankers. Head MD's in the office had great experience and deal flow, although a tad slow while I was there, seemed to be one of the better groups for the company. Analysts said PE jump was much harder and that they had a hard time getting any traction from larger PE firms.

    Charlotte was great though and recommend it to anyone who will listen. The city is perfect size and as an analyst you can live downtown in a high rise cheaply. The city has a ton of consultants and bankers with pretty hot southern women. I did not receive an offer from my firm and it was based mostly on their perception of me. I felt I did well and they didn't. Simple as that. So culture wise definitely different but experience is very similar to NYC analysts.

  • OMS's picture

    - Besides Jeffieries, Lazard MM (small), baird (very small) and Sagent, McColl is probably the top shop in CLT with Edgeview a close second, and Morgan Keegan third.

    - Blackarch is new and growing fast. Weird culture and looks like their analysts don't really have the typical finance background.

    - Fennebresque & Co is nice too, great culture/deal flow mostly ex-McColl.

    - Brookwood is great in terms of culture/lifestyle literally no all-nighters. All senior guys have a great background and you will learn a lot. Exit opps include lower MM PE is you are good.

    - Fidus is ehh don't hear about them too much.

    - The others you listed. Anderson LeNeave, Dragonfly, and Bourne are probably the best within the "others" list. They have great deal flow, but then again very volatile and risky in terms of jobs security.

    - Duncan Williams doesn't do M&A. Greek & Walker is a accounting firm with a 3 man corporate finance team.

    - One's that are not listed, William Blair has a one man sponsors shop in CLT. Mirador advisors in another one they are merging with a little bigger MM firm too. S&P capital has an impressive team. Philpott Ball & Werner is nice too.

    If you are looking into lateral analyst opportunities I would definitely just stick with the the well known and other well known names you listed.

  • In reply to marauders4
    CaliforniaAssociate's picture

    marauders4 wrote:
    I interned at a "well known name" last summer in Charlotte. Culture was very different from their NYC brethren and very committed to becoming bankers. Head MD's in the office had great experience and deal flow, although a tad slow while I was there, seemed to be one of the better groups for the company. Analysts said PE jump was much harder and that they had a hard time getting any traction from larger PE firms.

    Charlotte was great though and recommend it to anyone who will listen. The city is perfect size and as an analyst you can live downtown in a high rise cheaply. The city has a ton of consultants and bankers with pretty hot southern women. I did not receive an offer from my firm and it was based mostly on their perception of me. I felt I did well and they didn't. Simple as that. So culture wise definitely different but experience is very similar to NYC analysts.


    sounds great...

  • wgc804's picture

    I've had a lot of contact with several of these

    Sagent's office is solid (like Sagent in general) large shop, operates relatively independent of the NY office.

    Baird is a very small shop (like 4-5 guys, 1 md) mostly retail deal flow

    Jefferies is slightly larger, most of their flow is retail and real estate

    Edgeview is one of the top mm shops in town. They compete mostly w Harris Williams and Jefferies but still maintain some consistent deal flow. Their office is significantly larger than Jef or Baird in Charlotte.

    BlackArch is very similar to Edgeview (lot of ex Edgeview guys) and growing significantly. Their analyst classes keep getting bigger.

    Fennebresque and Brookwood maintain good deal flow in the lower mm space

    Also, 7 Mile Advisors is a smaller, growing lower mm boutique.Theyre maybe 2-3 years old but they've closed a good amount of deals in the BPO, enviromental engineering and IT spaces.