I see many messages on here saying that Credit Suisse's strongest teams are LevFin (LFO) and Sponsors, but not many comment on the relative strengths between the two.
I was wondering if anybody could touch on the how strong the LFO team is compared to the Sponsors team in London specifically (deal flow, exit opps etc.)? Given the choice, which one would you pick?
Thank you!
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I’ve heard great things about both groups. Sponsors at CS holds the pen on the model for all PE/LBO deals, and the rest of leveraged financing is left to LFOR, giving them some unique complexity in what they look at. Both are top notch groups at CS, but if you’re set on PE I’d lean towards Sponsors.
In London, LFO is more on the corporate side while FSG mainly works with PEs. Culture is said to be much better at LFO but it’s much more debt focussed.
Thank you for the answer!
In terms of culture, what have you heard more specifically about LFO? What makes it much better?
The junior turnover seems to be much, much lower in LFO compared to FSG
I met someone who works in the team in London.
can’t really remember much but they said the culture was really good and the hours were way better than industry groups / m&a. Think the guy told me junior analysts normally finish by 10/11pm with early finishes on Friday and rarely do weekend work.
If u search on LinkedIn you’ll also see the exit ops are fantastic.
Cool, thank you for the insight!
From what I have heard, the FSG team is really strong
Used to be combined and had very good exits - recently split as other have said, not quite sure about the dynamic - assume that LevFin will be doing more so the process work whilst sponsors holds the pen on the M&A/3 statement model and maybe LBO if any easy one. I would guess that sponsors will be better for vanilla PE, but LevFin will have a much easier time exiting for debt related products.
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