DC Advisory Paris offices closing (search it up - I think only french articles for now). anyone on the inside knows more ? Is it a budget problem ? Not enough deals ? Couldn’t they wait 2025 uptick (if any) ?
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Haha you retard baguette Frenchmen, ig M&A is tough for everyone eh
Crazy
According to articles it came straight from Daiwa, the parent company, and was done to improve bottom line and over some disputes about fees
If fees were in the range of €200k/FTE (partners included) as suggested in the article, it really makes sense but bold move when all the big names have been opening in Paris in the last years and DC was one of the key players of MM here
Honestly a silly decision. DC's whole USP was international reach + localised knowledge (not that unique, but hey), now they're losing it
French clients are really mean on fees lol. Sure the boutiques are opening French offices, but it was more of a decision back in 2022/23 when the deal flow was good. Now the French market is more than dead. Have seen people with three M&A internships (boutique + MM + large-cap) from Top 5 GE ended up in big 4.
+1. I work at a French PE fund (in US office) and we are unbelievably stingy on literally everything (comp, vendor fees, travel budget, etc.)
Eurazeo stinker
who asked?
Does anybody work there and can share 2024 bonus data by different groups? A buddy is considering going there more at the senior associate / VP level but there’s nothing online about them lol. This is for London office
Wouldn't recommend, pretty slow deal flow (except infra)
France is the most overrated country of all time.
Smells, terrible comp, expensive, poorly run, the people are arrogant, everyone likes cheese, and they're not that smart.
Who cares? DC Advisory should focus on the US, UK, UAE, Singapore and Japan.
Europe outside of London is 3rd world. Fight me.
French M&A is getting rekt
- DC Advisory Cuts
- HSBC Cuts
- Rumours of UBS cuts
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