Best consumer group?
Out of any banks bb, mm, or boutique which has the best consumer team. Can somone rank them plsssssss
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Del
Del
del
I imagine he is referring to the coveted C&R M&A vertical within Deloitte Corporate Finance - extension of the internationally renown, Big 4 Advisory firm, Deloitte
Bump
Historically, GS, CVP, Lazard, BofA. Now I believe JPM and boutiques like Financo do good in the space. Am I missing any? Not too sure about MS.
Del
Who cares? Its fungible
Del
Raymond James for sure - no brainer
GS historically the strongest consumer group year after year, but it will be sweaty. From the BBs that compete with them from a total fee standpoint, they'll have higher mix M&A. They've been getting a lot of great mandates last year or two. MS has improved, they went through a phase of switching leadership but seem to be doing well now. RJ is a different model than the BBs, but the Financo guys seem sharp and do very well. Can't go wrong.
HL dominates mm consumer space
BofA
Some of the MMs get interesting names, HL, Financo, D&P, North Point, etc
Del
No, unless you think that work-life balance / culture / exits are more important. GL on your superdays, would prioritize getting a feel for those topics to decide. I wanted a better work-life balance and picked MM because of it, and still had pretty amazing exit options. The only thing that truly matters is not letting "prestige" cloud your judgment.
As a PSA, Barclays at the very bottom
Right next to UBS
Holy shit who needs enemies you have this comment section. If anyone here genuinely believes you should take RJ over GS you are retarded and would likely fit in well there.
Take GS and don’t look back.
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Lol they are good but pay is absolutely not top of the street
Del
GS is historically the best, but BofA has always been a great contender, but as you'll see on this forum, a lot of complaints about pay - would probably be a good place for an analyst program, but you'll feel the pay difference if you choose to be a career banker.
I don't think thats totally true
They did the Peets deal, the Kellog Ferrero deal, etc so thats simply not true
RJ (legacy Financo team) is unmatched in the beauty and wellness vertical because of a certain rainmaker
Probably more interesting question is what are the best consumer funds / teams out there
Also wondering
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The best consumer group is the one where you have an offer
Del
GS and JPM are top, BofA used to be top too but has fallen off to be more middle of the pack (same with MS), MS above BofA because of the MS TMT franchise they do well in most things e-commerce, Citi is solid, DB and UBS have 1 or 2 revenue producing MDs but otherwise a pitch shop, Barclays in this pack too, but they will get a looks for financing deals.
From a MM perspective, have a lot of respect for RJ/Finance (esp. in beauty/wellness), Piper, William Blair, Houlihan (food/bev). Jefferies is also good but not amazing (whatever bucket you want to debate they are). Consumer as a sector is is 99% sponsor work, so Jefferies does well given thats where they play.
Centerview, Lazard and Evercore are the strong EBs.
99% sponsor work? not sure where you're getting that from
notable consumer deals of the last 12+ months: Kenvue/KC ($50bn), Mars/Kellanova ($40bn), Kraft/Heinz separation, Pepsi/Poppi ($2bn), Pepsi/siete ($1bn), Ferrero/Kellogg ($3bn), Dick's/Footlocker ($2.5bn), Keurig/Peets ($20bn), Hershey/lesser evil ($1bn), flower foods/simply mills ($1bn), elf/rhode ($1bn), clorox/purell ($2bn) etc etc
all strategics. think to be honest more and more sponsors are moving away from consumer as the returns just aren't there
Agree with your sentiment...but I do feel like this is just a list of most of the biggest M&A deals in the space. But anyway, I would avoid consumer as a career long-term in this day and age...
2nd this. Sponsors really only play in the MM franchise and f&b space. Outside of that the sector is too large and trends move too fast for PE to be relevant buyers. Many MF’s like Carlyle are cutting the vertical all together, so really only a few specialist left.
How does moelis do in the space?
Where does HW stack up in MM?
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