BAML Tech vs Financial Sponsors
Curious as to how the Tech team in Palo Alto compares to the Financial Sponsors group in San Francisco. How do they compare in terms of deal flow, prestige and exit opportunities.
Also was wondering how sector coverage may differ to work being in financial sponsors. In financial sponsors would you work on more LBO/M&A transactions compared to being in tech coverage where you would have to do equity and debt deals too?
Thanks!
Following
Sponsors work solely with PE clients/transactions. Group is tiny 1-2 analysts per year but lights out placement. Recent exits include TPG and Carlyle buyout
Sorry if this is a silly question - so would you only work on sponsor-backed M&A? What if a sponsor's portfolio company wanted to raise capital or debt, would this mandate be taken on by FSG or the relevant sector coverage group for that portco?
There’s like 6 analysts
There are not 6 analysts in SF - most of the group sits in NY. Sponsors covers all aspects (add on, debt financing, lbo, etc)
Do you know about how deal flow is for SF sponsors? And is the M&A execution done within the group?
Tmt at baml is sweaty w/ bad culture
All BB tech groups are largely the same outside MS / GS. You can lump JPM in as a 3rd from deal flow perspective, just look up league tables for yourself, but for the most part exp is largely the same.
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