Got it. Not sure how many people on this site are gonna be familiar with the acronym you posted, or realize that it's for IB

 

I interviewed there for a SA role about a month ago and in the final interview during the superday, the analyst said it is pretty much their middle-market tech group and they just do sell-side M&A (I have no idea why it's called PEAG). As you could imagine, I didn't get the offer as I had come in assuming the group did entirely different work than they do.

The people that I spoke with all seemed really nice, but I think you really only stood a chance if you had networked prior because there is really no info online about the group and the PEAG name is pretty irrelevant to the deals they actually work on. I'd expect both behavioral and technical.

 

Is this for both NY and CHI office? And do those offices operate separately, or do they work on the same deals together? 

Also, do you know what culture is like in both offices?  Better in one location vs. another?   

 
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I'm an Analyst in this group so will opine:

As others have referenced, the group was originally Middle-Market M&A focused because it was started by a few WB tech bankers and have proceeded to hire seniors from Moelis, Lazard, Citi, RJ, HL. The group rebranded itself to PEAG as (1) it technically no longer has a Middle-Market constraint due to the new hires and being under the Guggenheim umbrella; and (2) ~90% of the deals involve sponsors in some capacity either as buyers or clients. Some of the larger deals the group has done include At Home take private, MSD / West Monroe, CDW / Sirius etc.  

In relation to the overall Guggenheim investment banking practice, it's now the largest group at the firm generating the most revenue especially in this depressed capital market - business is always booming on our side. The PEAG is less known on the streets compared to Guggenheim's TMT or Healthcare groups as it only started in 2019 but the two exit opps have been great as 2 of the 3rd year Analysts this year left for Genstar and Carlyle.

Types of work you do working on private M&A transactions is also great. The group really invests its time in the client - performing extensive diligence to understand the business, building the marketing materials, running every analyses such as customer and pipeline analyses, building out the operating model etc. In return, the junior bankers get to run the show for practically knowing everything about their clients when they hit the market. 

In terms of culture - work hard on the weekdays and relax on Friday night / Saturday. The New York group is pretty tight knit and golfs together on the weekend (wild that they manage to do so in a city that's incredibly difficult for the sport). Pretty flexible work-from-home policy as well (just our group) where you can choose to stay home and work whenever you want.

 

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