Seen Greenhill’s entire London TMT team has moved to Guggenheim. Seems as though Greenhill is left without any TMT staff at all levels.
does anyone have any insights? Asking having recently been interviewed and keen to understand what i’d be walking into… doesn’t look great.
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How reliant were they on TMT deal flow?
.
Whoever MSed my comment - feel sorry for you mate.
Enjoy Grant Thornton
Only groups at Greenhill still top of street are NYC RX (All UMM / MF exits this class), Houston Energy (For Energy Buyside), and CHI office (Small class, but have Berkshire, GTCR, and MDP this class)
Anywhere else: Lateral imo
Found the Greenhill houston guy / alum.
they have been irrelevant in houston for at least 8 years. Guys that opened the office were good (Mize / Hoover) but it has struggled since - small analyst class anyway (used to be literally 1 a year)
From a deal flow and career banker perspective, it could be much much better. Purely exits wise, it has sent analysts to the best energy shops in the country lol
Idk about Greenhill Rx only going to MF lol. They only work on 100mm deals in the space.
Never said all MF lol. Linkedin exits show Oaktree, Centerbridge, and Searchlight and that’s just from 3 minutes of searching.
Are Greenhill still an EB?
This is why you shouldn't work at these shitty ass (L)MM banks. Oh oh but the lean deal teams! Kiss my purposefully unwashed ass.
The prestige whores went to these banks because some loser American said so, now they're paying the price. Should've just taken that BB job!
if you work at a non-American BB you don't get to shit on EBs. Someone at JPM gets to defend BBs vs EBs; someone at Deutsche doesn't.
No 100% in London would rather be at DB than Greenhill. Definitely also Barclays and even CS historically. Greenhill I have never even seen on a deal let alone let anyone on the buyside from there.
Our firm does not really compete with them for deals, so I have not noticed any shift in the market, but it did shock me when I looked at their performance the last decade, given they are public. They are down ~10% in revenue and 80%+ share price since 2013.
If things continue downwards and they shut down, you would be much less affected as a junior, but definitely something to keep in mind, so good for you for thinking about it.
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