London IBD Financial Sponsors Group / Leveraged Finance
Hi,
I am an undergrad in the UK (Warwick, Oxbridge, LSE etc.). Currently appling to all banks in the London office for IBD for a summer internship. I enjoyed meeting people at the career fair of almost each bank.
I am very interested in PE and did a detailed search on the board, its all about the US or pre crisis or during the crisis... but couldn't find much about London IBD post crisis 2011 ....
Lots of Leveraged Finance and Financial Sponsors Coverage Groups have changed structure, either combined or split or completely shut down during the crisis. I am especially interested in the modelling and valuation side of LBO/Private Equity related work. Not that much interested in emerging market bonds or plain high yield bonds / leveraged loans and unfunded revolvers for non-investment grade corporates.
Can anybody please tell me which FSG groups are just pitch monkeys and don't do any modelling?
and at which banks FSG sees the sponsors all the time, structure the deal, build all the technical models, all the valution, all the carve-outs, complex technical modelling, model IPO exits, model add on acquisitions or mergers for portfolio companies please?
Of particular interest is the BAML FSG , Citi FSG, CS FSG, UBS FSG and JPM FSG Group.
Please feel free to PM me.
Anyone?
MS FSG is strong in London, do modeling work as well however in conjuction with the industry teams. CS also runs a strong group out of canary wharf, placement has been good into megafund PE. About those you are specifically interested in I have no clue, so maybe somebody else might know that (heard that JPM FSG is quite strong in London).
JPM FSG in London does not have any analysts, just a part time intern, from what I have heard. NY has all of the analysts, possibly some out in Cali
CS FSG in New York does all of the technical/modeling work (lev fin, equity/IPO, etc.) plus any coverage work. don't know about London, but maybe they'd run a similar model? work through your network to talk to bankers at these places to figure this out.
Thanks, I heard MS levfin and MS FSG don't place well at all at megafunds. Their debt distribution is poor in Europe and their balance sheet is too small.....Their industry teams and M&A are king!
CS FSG I heard similar stories very good group....
How about BAML FSG in LOndon, Citi FSG or DB FSG in London please?
I admire your passion for PE. But I would strongly suggest looking at a coverage group for your first internship. working in a specific industry is a great way to learn about corporate finance, and PE can always come later.
Thank you for your advice. I would prefer to get in my preferred group directly rather than networking to change later...Do you have insights in these teams?
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Top Financial Sponsors Groups - London (Originally Posted: 09/23/2007)
I'm not too sure about the London market but does anybody know what the top Fin Sponsors groups are in London and what they actually do? I've heard that UBS have a pretty good shop - is this true?
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