Chemicals investment banking
Hi guys,
I am interested in learning about the chemicals investment banking world. It seems that banks with chemicals groups are very lean and that outside of the large banks/established MM, there doesnt seem to be much competition. Would anyone know of any botiques or regional players in the US. that are reputable in the chemicals space? Thanks
Chemical Investment Banking
The chemical business is capital intensive so there’s always a need for capital raising. Its also an industry that undergoes consolidation regularly (M&A opportunities). Depending on the firm the Chemical group may be in within a larger industrials group or natural resources.
Top Debt Providers
Other notable banks
- Valence Group
- Notrium Capital
blaige
which are the top chem ibanks
Blaige in chicago
the best botique is the bot fly. it lays eggs inside ur mind and a larvae hatches. absolute pwnage
its amazing how much you post and how little value you add
Chemicals I-Banking (Originally Posted: 08/15/2006)
What banks have some of the top Chemical groups? Also, what are the exit opps from a 2nd tier (CS/UBS/DB) bank's Chemical group, especially regarding possibly switching sectors? PE? Hedge funds? Lateralling to a different sector. Thanks, and please respond- I would really like to know.
The best chemical groups according to Bloomberg are: - Goldman Sachs - Morgan Stanley - Citigroup - Credit Suisse.
I certainly wouldn't have thought that CS, UBS and DB would be classed as Tier 2 banks...the exit opportunities from UBS and CS would be excellent, less so for Deutsche.
I don't think you'd have a problem switching laterally to another sector, but going to PE or Hedgie would be a bit harder.
However, as long as you know the fundamentals and can model LBO's till your eyes fall out, you shouldn't have a problem with any PE shop.
any other thoughts?
UBS LA and Deutsche's leveraged finance team are some of the primary feeders into PE shops - so definately NOT tier 2.
Agree with the 5 banks' chemicals teams named earlier.
What do you guys think is the outlook for Chemicals IB in general? Exit-ops, etc
What are the opps like in general from Chems? HF possibilities?
Top Chemicals Group (Originally Posted: 01/28/2012)
Which firms are top of the street in Chemicals? Furthermore, does chemicals pigeon-hole you for exit opportunities?
Thanks. What about UBS?
I heard DB used to have a fairly strong chemicals group, around 2-3 years ago.
bump
Barclays. Of the last 6 analysts, one went to HBS, one went to SAC, and one went to Carlyle. Not 100% sure where the other three ended up but I'm fairly certain they did well for themselves.
MS has great chemicals in LDN
Why?
Also interested specifically in Barclays Chemicals
Chemicals Bankers (Originally Posted: 09/25/2007)
Hi, I would appreciate it if Chemicals bankers could elaborate on major points specific to valuation of chemicals companies. Thnx!
anyone ever answer this?
pretty standard, EBITDA driven companies very cyclical, lots of distressed cases value chain revolves around cracking and turning oil/nat gas into requisite components
Chemicals Groups (Originally Posted: 05/14/2010)
What are the top 3 or so chemical groups on the street?
At London, i know that ML and Citi and DB are quite good....
I heard surprisingly that GS isnt very strong at chemcials.
ny?
what makes you want to get into chemicals? It's a neat sector, but extremely cyclical. We just finished a rough patch with LyondellBasel and Huntsman's near death.
You are seriously misinformed. Huntsman was never "near death," the buyout contract by Apollo, using obscene amounts of leverage, fell apart a couple years ago because Apollo had buyers remorse when the credit crisis occurred and then dishonorably pulled out of the deal. Apollo claimed that the combined company would be insolvent...but huntsman alone was not in financial trouble. Right now Huntsman is very solid btw.
I am not a chemical or industrials banker lol.
Thanks for answering the question
Top Chemicals groups on the Street (Originally Posted: 04/30/2007)
Anyone know how the BB Chemicals groups stack up?
Anyone???
GS MS Citi
Big drop off
Everyone else
From CS website:
Chemicals Group The Chemicals Group is the #1 chemical franchise on Wall Street, having been involved in 25 of the last 28 chemical equity transactions, approximately 50% of high yield offerings in the last two years, and more than 90 M&A transactions with combined value in excess of $125 billion since 1996. The Group has professionals in New York and London. The chemical sector investment banking market remains strong and is expected to grow, driven by:
Significant increase in M&A activity by both financial sponsors as well as companies seeking to optimize their portfolios
Strong equity issuance with expected follow-on offerings by recently listed companies Leveraged loans and high yield debt required by clients that seek capital to grow organically and through acquisitions
Take that stuff with a grain of salt. It's the CS website after all; sounds like standard, propaganda-laden, pitch material. Every group at every bank will tell you they're #1 according to this, that, or the other.
I've heard Citi has a top flight Chems group, and obviously it stands to reason that GS (Natural Resources Group) and MS(?) would be up there. Any Chems bankers on the board to verify this?
What are the top IB healthcare group on the street?
Don't hijack my thread buddy; in case you didn't notice, it's about Chemicals groups. There are multiple threads, even over the past few weeks, discussing Healthcare groups. Run a search just like everyone else does.
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