EVR Houston M&A/RX

Interested in hearing more about EVR Houston's office. Know they have a sweaty group with top of the line pay. Looking for more general insight into how their office is run. Is it strictly O&G down there in both M&A and RX, despite EVR running a generalist (all sectors) intern/analyst program? I'm primarily interested in RX, so any insight into that group would be greatly appreciated - particularly on the subjects of how competitive it is to both break in (assuming not many ppl want HOU office) and within the office (cutthroat?) as well as deal flow and sectors of deals. Last follow up Q - if I pursue EVR RX Houston office, will I get O&G specific questions

 

I am guessing you grabbed this from the Houston SA thread but Evercore didn’t really do that much RX this cycle. I was at Houlihan at the time (at different bank in Houston now that RX is dead) and Houlihan was top in energy RX and then was saw names likes Stephens, TPH, Petrie, PJT, Intrepid, Lazard, Guggenheim and Moelis. Evercore led Arena and thats all that rings a bell for me…

 

That’s not really true at all, they were among the most active banks with choice debtor and secured creditor mandates along with TPH/MOE and Intrepid. They had established Houston coverage groups and relationships in the industry along with the NY sponsor relationships for the creditor side. Others mostly got maybe one choice mandate plus mandates deeper in the debt stack. 

PJT probably opened a Houston office in large part to tee up the industry relationships to try and dominate the next downturn.

 
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