Big 4 restructuring vs. banking restructuring (and exit ops)
1. What are the main differences between Big 4 restructuring and restructuring at a bank? I have heard of one Big 4 Restructuring group doing doing distressed M&A deals, but do all of them do this?
2. Does anyone have any insight into exit ops from Big 4 restructuring? Do some exit into distressed debt PE/hedge funds? Would a mega fund like Oak Tree take a guy straight from Big 4 restructuring or no?
I have heard of some folks hopping over to Restructuring groups at banks after a Big 4 Restructuring gig (heard of one top 3 Rx group that took a big 4 restructuring guy), but I'm not sure if it is necessarily common. Appreciate any insight.