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.
Any more color on this group?
Thanks
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.
Goldman Sachs - Financial Sponsors group (Originally Posted: 01/05/2011)
Can anyone provide information on this group as not much existing information is available.
Are they a technical group (i.e. modeling)? Good exit ops? One of the better groups at GS?
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
GS IBD groups: Financial Sponsors & Lev Fin (Originally Posted: 01/09/2010)
Anybody have any insight into Financial Sponsors and Lev Fin at GS? Obviously, dealflow and PE placement of these groups are heavily dependent on macro factors as well as variables in the credit space. But seeing as how credit markets are thawing, how does Goldman's Financial Sponsors group stack up against CS/MS and how does Goldman's Lev Fin fare against JPM? Any info on culture and exit opps coming out of GS sponsors or lev fin? Thanks all
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.
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?
i dont want to make the mistake of thinking that just because it's goldman it's good.
It's good. Not the very best. But v.good still.
troll
bump
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
so financial sponsors at GS is not a good group to join if megafund PE is the end goal?
bump on the last post by manhattan
bumppppp
is GS Lev Fin london a good group??
I've heard GS lev fin, because it sits with DCM, constitutes a very different style of work and thus exit opps from traditional coverage IBD there
redacted
Bump - updated info?
Does Goldman have a financial sponsors group? (Originally Posted: 05/08/2007)
?
one of the top groups at goldman
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?
Do they take analysts? Or must analysts have had some time in the trenches modeling?
The product group I think you guys are referring to is Leveraged Finance; Financial Sponsors is an industry group, and one which GS does not have.
And yes, they take a lot of analysts.
Why do you care? you're obviously a douchebag who will never get a job there
yes there is a FSG group at Goldman i have a friend thats going to work there this summer
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