What is Lev Fin exactly?
As someone who is not yet in banking, I find Leveraged Finance to be the one group I can't completely get my head around. Can somebody please explain in-depth?
From a deal standpoint, how do bankers in the Lev Fin group spend their time compared to other groups? Where does the deal flow come from, how are the deals structured, etc.?
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The DOW will pass 10,000 for good in....
Q1 2009
4%
Q2 2009
3%
Q3 2009
27%
Q4 2009
19%
Q1 2010
15%
Q2 2010
9%
Q3 2010
3%
Q4 2010
1%
Some time in 2011
14%
2012+
4%
Total votes: 95
outsourced work from KKR,
outsourced work from KKR, Carlyle, Bain...
DB can you expand pls?
DB can you expand pls?
Re: outsourced work from KKR,
outsourced work from KKR, Carlyle, Bain...
What a shit reply
Leveraged Finance
Leveraged Finance is a product group that provides leveraged corporate loans and high yield underwriting. Oftentimes they will work in tandem with corporate finance/M&A and financial sponsors to structure debt issuance in relation to an acquisition or LBO. Once a need for leveraged execution is realized, Lev Fin (which may or may not be seperate from FSG) will model a debt structure while keeping in close contact to syndications (if there is a large senior peice) or the high yield desk for market pricing.
On a day to day basis, Lev Fin could be working with any of the aforementioned groups, working with leveraged loan or LBO models, drafting offering memorandums, or preparing for road shows.
Depends on the shop, but with so many transactions this year sponsor-led, its a good bet that you'll be working on LBO related material around 50% of the time, although shops at places like DB, UBS and CS it may be more like 75%.
yup, i agree its a shit
yup, i agree its a shit reply. but fuck you. dont discuss my reply, especially if you dont give one. fuckin a
Not sure how I feel about saying this, but
Dan has a point on this one
Game Theory, Do you think
Game Theory,
Do you think having a legal background would be especially useful for Lev Fin?
Not especially
Unless you have experience drafting inter-creditor agreements, gaurunties, etc. I think if you have a legal background relating to corporate finance you would be more useful to M&A.
im in M&A, i no people in
im in M&A, i no people in LF, and a legal background is more suited for M&A or DCM/ECM
Re: im in M&A, i no people in
im in M&A
O, RLY??
and a legal background is more suited for M&A or DCM/ECM
SRSLY??
are Lev Fin hours comparable
are Lev Fin hours comparable to M&A ?
Re: yup, i agree its a shit
yup, i agree its a shit reply. but fuck you. dont discuss my reply, especially if you dont give one. fuckin a
HAHAH i love it/ Dan should become a defense attorney; his retorts are pure money.