Goldman Sachs Financial Sponsors

Gents (and Bankarella),

Does anyone have info on Goldman's financial sponsors group? From past threads on this site I gather it used to be a relationship group that did not execute. However, I could not find much on the group more recent than 2010 and an old post said it was changing.

I'm interested in whether or not they handle their deals now or still pass it off to the specific industry groups.

Thanks for the help.

p.s. I created this account separate from the one I usually post under solely to ask this question.

 

They largely pass things off to the classic coverage teams. There are two analysts. There were two summers this year. It is a top-heavy group and is focused on managing relationships and providing continually updated info on that sector of the client universe to all the other groups within the firm.

Hope you find this helpful.

I am permanently behind on PMs, it's not personal.
 

Within GS they are not as highly regarded (at least by other analysts) because there is little to no modeling work on a daily basis. I don't know anyone in the group so can't comment on exit opps, but I imagine the GS name and group focus should help a little for buyside recruiting or at least MBA admissions. That being said, if given the choice, take another GS group like HC or TMT if you are all about the exit opps.

The master in the art of living makes little distinction between his work and his play. He simply pursues his vision of excellence at whatever he does, leaving others to decide whether he is working or playing. To him he is always doing both.
 

It used to be the worst group at GS. Recently the MD's in the group have made a push for the analysts to get more deal experience. In the old days the sponsors analyst would help bring the deal in, and then pass the work off after GS lands the deal. Now the sponsors analyst gets to keep about 50% or so of the deals instead of the industry analyst getting them. Definitely not one of the better groups to be in at GS analyst experience wise, but at the end of the day, its GS Sponsors, which is pretty damn good for exit ops.

 

Def not their top group, like Monte said it was all origination (I guess not anymore)... but GS is not a great place for sponsors / lev fin... I would pick another group if possible, or if you're interested in sponsors / lev fin, I would try MS, JPM, CS, or BAML

 

Goldman, Sachs & Co. Leadership: Milton Berlinski is global head of the financial sponsors investment banking group. Alison Mass and Berlinski co-head the Americas financial sponsor group. John Waldron heads the sponsor group in Europe.

Size: Numbers aren't available, but group has presence in North America (New York, Chicago, Los Angeles, Toronto), South America (Brazil), Europe (London, Paris, Spain, Italy, Germany, Scandinavia), Asia (Hong Kong, Beijing, Tokyo), the Middle East (Dubai).

Clients: 200, including large and middle-market sponsors, sovereign wealth funds and hedge funds. Midmarket clients include Advent International Corp., First Reserve Corp., Hellman & Friedman, Kelso & Co., Madison Dearborn, TA Associates Inc., Summit Partners, Weston Presidio, GTCR Golder Rauner LLC

Recent deals: Advised sponsor group led by TPG and KKR on $45 billion buyout of TXU and co-invested. Ran auction for BCE Inc., being bought by Ontario Teachers' Pension Plan private equity unit Teachers' Private Capital, Providence Equity, Madison Dearborn and Merrill Lynch Global Private Equity for C$52.3 billion ($52.3 billion). Advised Getty Images Inc. on $2.4 billion buyout by Hellman & Friedman. Advised Goodman Global Inc. on $2.65 billion LBO by Hellman. Advised Boise Paper Co. on $1.6 billion purchase by Terrapin Partners LLC. Advised Cerberus-backed NewPage Corp. on its Stora Enso Oyj buy.

Recent innovative deal: Helped T.H. Lee Partners restructure money transfer firm MoneyGram International Inc. with mezzanine financing and side-by-side equity, providing certainty at time when markets were largely closed.

 
manhattan:
Thanks dude, saw that as well but was hoping for more insight on the culture of the group and how Lev Fin and Sponsors places into PE. Thanks anyway though

Is this a serious question? Let's see here, Goldman Sachs + LevFin/fin sponsors = hmmmmmmmmmmmmmmmmmmmmmmmm, i don't know?

 

Lev Fin sits in their Americas / Europe / Asia financing group - its the group that originates leveraged loans, high yield debt, etc ... igts part of HY Capital Markets

Sponsors works with ... sponsors - more banky / marketing-ish and valuation focused

different groups - the lev fin group makes mor emoney cuz they also do lev fin restructuring / refinancing

 
GSBanker:
Industry groups do most of the modelling though. Sponsors at GS is focused on relationships.

this seems to go against what many other BB's do. i was under the impression that sponsors were the ones who did more modeling b/c it was pretty much almost a product group

am i just seriously mislead?

 

Corporis aliquid veritatis recusandae debitis exercitationem mollitia. Dolore fugiat consequatur iure aut. Et minima dolores aspernatur esse voluptas. Modi voluptatum hic neque dolorum quod velit. Sequi velit non autem nihil.

Soluta sit molestias nam aut commodi ipsa. Aut culpa sed ea. Et autem sequi blanditiis. Doloribus officiis quia laboriosam facilis iusto asperiores nam nemo. Iure molestiae deserunt magni ut impedit. Temporibus nemo ex vel tenetur quod ex dolore. Rerum vel perspiciatis nobis eos.

Laborum non sequi quisquam vel. Ea repudiandae sapiente assumenda voluptas dicta. Ut sunt excepturi eveniet sit.

Est tenetur dolorum sit dolor accusantium quis architecto. Deserunt eveniet in qui. Possimus nesciunt vero a quia nesciunt ex.

 

Cupiditate praesentium sed consequatur qui. Consequatur quidem dolorem magnam eius molestiae et qui possimus. Eos laudantium ut sunt quia facilis iure. Qui consequuntur odit ut enim soluta aut. Doloremque numquam id aut qui voluptatem quibusdam voluptate. Vitae voluptate reprehenderit tenetur voluptatem tenetur.

Fugiat aut et ullam corporis at quia. Ut molestias et est aut sint dolor qui. Rerum maiores accusamus qui voluptatibus numquam beatae sit. Cupiditate quia laboriosam quis est quas eum commodi. Quidem consequuntur quasi laudantium ut unde.

Nulla ut omnis at harum ipsum delectus repellendus. Iusto quo ut quae voluptatum. Ducimus non est sunt dolor ut debitis. Qui incidunt quaerat est inventore dicta magni. Est recusandae aperiam rerum facere. Quia aut aspernatur temporibus. Voluptatum exercitationem aut quia cum nostrum non et rerum.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
kanon's picture
kanon
98.9
6
DrApeman's picture
DrApeman
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
CompBanker's picture
CompBanker
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”