DB NY - Levfin/Sponsors merged?
Heard DB NY recently combined Levfin and Sponsors into essentially one group--can anyone verify this/provide color on implications for juniors?
Heard DB NY recently combined Levfin and Sponsors into essentially one group--can anyone verify this/provide color on implications for juniors?
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Based on the most helpful WSO content, it is mentioned that many banks, including Deutsche Bank, have been merging LevFin with Sponsors and sometimes even with IG DCM. This trend is noted as a way to streamline operations, though LevFin and Sponsors often have distinct focuses. For juniors, this could mean exposure to a broader range of deals, combining leveraged finance expertise with sponsor-backed transactions. However, it might also dilute the depth of specialization in either area.
Sources: Sponsors coverage in Australia, Best Groups at BBs, Best Banks for certain Groups Ranking, LevFin in London, Lev Fin Outlook & Best Groups 2020, CS First Boston
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