Barclays TMT group, Menlo Park: people and dealflow?

Hi guys,

I did some research on the forum, but couldn't find anything recent and/or relevant about the TMT group at Barclays in Menlo Park.

Does anyone have some insight on the group? I know they are ex-Lehman (correct me if I'm wrong), but I'm mostly interested in what people are like and if dealflow is good. Please add anything else you might think is relevant.

Thanks a lot!

34 Comments
 
TheBlueCheese

TMT in NYC is top notch. Not sure about Menlo Park's...

By top notch you mean top after like the 10 banks better than it?

The culture in New York is also a lot worse than some of the other groups at Barcap too...

 

NY TMT is good; they've been very active this year. Culture, however definitely lacks as they've lost senior and junior bankers. Possibly considering the saturday policy, which has been instituted by the healthcare group.

 
MinneBanker

I know people there and they do a lot of semiconductor type deals, heard dealflow wasn't great but heard the hours are very good!

When someone tells me 'our hours are good' as the main pro to their group, i'm running the other way unless you're bx m&a or ghl
 

Goldman, MS, JPM, and CS all have much better teams. Qatalyst obviously is phenomenal, though they're not doing IPOs. Not sure where DB, UBS, BAML, and Citi fit in. So there are at minimum five other places you'd rather do tech IB.

 
kidflash

Not sure about the M&T aspects of DB/UBS/BAML/C, but I know their tech practices aren't particularly well regarded.

I'd take Barclays over any of those, just on the basis of the organization alone. Having integrated M&A groups gives Barclays an edge.

But GS, JP, MS, CS, Qatalyst, Lazard, Evercore, and maybe even Guggenheim are just better at tech.

 

Qatalyst did all the advisory work for BMC. BarCap only worked on the financing side of the deal; got 'advisory' credit to sweeten the deal.

 
Best Response

Not sure about how "good" Barcap TMT is, but the Menlo Park group placed almost all of its analysts on the buyside last year. They got more people to the buyside than MS Menlo (although this doesn't account for the quality of the offers). Barcap TMT is a good spot to go to if you want high probability buyside conversion and your other options are stuff like Citi tech, DB west coast. DB Boston tech produced at least one really solid analyst from last year's class.

 

Met the group about a month ago while networking. The people are really laid back and everyone seems to really enjoy their situation. I got the impression that the hours were slightly better than NY, but banking is banking and any differences will likely be marginal. Barclays had a strong year in the tech space. I don't recall any specific deals but they were ~5th in the league tables. I don't have much info on the exit opps front, but I imagine that VC would be a strong option, especially because they are located in Menlo Park.

 

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