Can you share how this group works with the coverage team? Who does what usually? 

 

Can you share how this group works with the coverage team? Who does what usually? 

It depends on the deal, but generally the exclusive sales team usually handles more of process and buyer outreach side while coverage does more of the modeling and positioning

 

Just talking about London office, the group is better known as “Sellside M&A”. They also cover activism.

Would not recommend from an Analyst perspective as essentially most of your work will be process / admin related, so limited learning, especially if you want to go for a PE exit.


Hot take would be Coverage teams will basically use you as their admin b*ch while they do marketing materials and models (not always of course but there is limited incentive for a coverage VP or Assoc to teach you when they could teach one of their own juniors instead).

No idea how it is in the US.

 

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