EBs underperforming in M&A relative to lower tier BBs

Checked league tables & was surprised to see that EBs are not in the mix at the top of M&A deal volume/activity. 

Two questions: 1) Where does all the hate towards BBs outside of GS, MS, JPM stem from? // 2) What exactly about EBs makes them so "elite" as their title suggests if they can't outperform the lower BBs in M&A, when M&A is supposedly their bread and butter?

I'm an EB guy btw, just curious to hear perspectives.

4 Comments
 

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