Which investment banks are strongest in services/ IT? Med devices and med tech? Less interested in pharma
I know GS and Centerview do a lot of pharma, Morgan Stanley has strong Services, Gugg great Med Devices what about firms like JP/ BAML/ Evercore/ Laz/ PJT/ Citi/ Barclays/ Guggenheim/ Credit suisse?
Also which of these Healthcare groups have the best exits to HC-focused PE firms/ HC groups in MF's / HC Growth Equity. I'm interested in medical devices and med technology/ HC Services and IT PE.
Does anyone have any idea?
Thanks!
They just poached the global head of JPM Healthcare
Yeah, Jeff Stute is now at PWP. Future powerhouse in the making.
I'll add HL
Among BBs GS still does very well in services and pharma. Med devices - not so much. Barclays does well in services. Feel like GS (first) and Barclays are best in HCIT among BBs. MS does some big deals but not a volume place. JPM, BAML and CS are shells of what they used to be - too many people left. Citi sometimes pops up. Not often. DB hired bunch of new people, so will see where that goes.
Among boutiques, you see Centerview in lot of pharma and services. I would call them #1 among boutiques in that space. Evercore and to some extent Lazard does similarly well in pharma / services. Guggenheim does well in all 3 and great in med devices - like legendary. Think Greenhill fell off the cliff and I don’t really see PJT (excluding today’s GE/Danaher Deal) and PWP much (although they hired the JPM dude recently). Moelis does well in few niche services areas, and more middle market (dental, behavioral).
In MM, Jefferies is the king of services. I still don’t know how they do so much work. And people already talked about some of the smaller places including Piper Jeffray in med devices and Cowen/SVB Leerink in pharma.
Guess you work at Snapple.