22 Comments
 

Believe they do since the groups are called “Business Services M&A” or Consumer M&A etc.

 
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The amount and rigorousness of the modeling you'll do on any deal depends a lot less on the specific firm, and a lot more on whether it's a buyside or a sellside mandate. Sellside you might want to know what a buyer's (strategic or financial) ability-to-pay is, but you can figure that out with a sheet of paper and a pencil in most cases. Buyside you need to project accretion/dilution down to the penny, and in many cases pro forma credit stats. HL is a great firm but to my knowledge it's almost all sellside (like most middle market M&A firms).

 

To chime in with some other color, I’ve worked at HL (in RX and FAS) and Moelis so can only really compare the culture among those besides what I have heard from friends. HL is fairly standard IB from what I remember. Culture in line with other banks and like Moelis. People seem to work long hours and get paid street comp more or less it seems. Maybe some groups a bit higher than street like RX from what I remember, but RX prob works longer hours overall potentially for that higher pay. Good luck and best wishes! :)

 

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