Two fairly large boutique/MM's merged. Capstone Partners (Boston) recently acquired Headwaters MB (Denver). Is this combined firm now a legit middle market player? Thoughts on this? How are each perceived?
| +110 | UBS Accused of Favoring H-1B Workers While Cutting U.S.-Born Employees | 19 | 56m |
| +81 | Incompetent and annoying co-intern | 23 | 21h |
| +69 | Getting Laid in IB? | 28 | 3d |
| +66 | Intern keeps sleeping at work - what to tell them | 28 | 1d |
| +55 | Living in greenwich as an analyst? | 12 | 20h |
| +42 | NYC Associate Budget | 14 | 1d |
| +36 | Nauseous every morning for past 3 years in IB, anyone else? | 21 | 1d |
| +36 | Quick Thoughts on CVC AI Sale Process | 7 | 1d |
| +31 | PJT M&A Group Selection 2026 | 4 | 5h |
| +29 | Going out / social schedule as AN1 | 14 | 3d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Dealflow123, pure crickets, that's where I come in. Any of these useful?
No promises, but maybe one of our professional members will share their wisdom: chancemims asdkjfjasd Jarbiksaro
If those topics were completely useless, don't blame me, blame my programmers...
Also interested in this, as they are currently hiring.
I assume they pay their analysts money and will at some point have them do investment banking work, so I'd say it's a slam dunk firm to work for.
Mediocre IMO. They have a reputation for running so/so processes and have a bunch of legacy MDs that don't want to work as hard these days. Deal count per MD is not where it should be. They have a few sub-verticals that they can be competitive in, but overall aren't a Tier 2 MM bank in my view.
Could you elaborate at all on "so so processes"? I saw how impressive the backgrounds of some of the MDs were and assumed that they must've had a somewhat good reputation, but I recognize that I know little to nothing about the MM space in general.
They tend to win hairier mandates and generate average multiples for their clients, as evidenced by some of the values I've seen and the small deals they execute. There are a few exceptions but some of them left the firm (e.g. Moon) in recent years.
I know the HW team better and directly heard that they run mediocre processes compared to other shops. My source worked for other notable MM firms, so he'd be a good evaluator of this.
If we're going up against them in a pitch, I'm not worried in the least. There are plenty of others to worry about.
could you give some examples of Tier 2 MMs?
Dolore reiciendis incidunt provident qui sint perspiciatis. Corrupti animi officiis delectus est vero. Dolorem minima reiciendis eum vitae nobis. Quos placeat veniam et praesentium.
Qui illum ab beatae cum aut dolorem. Est perspiciatis quidem autem reprehenderit. Sapiente voluptatem et doloremque et. Dolores odit iure eum dolor dolores vel laborum officiis.
Hic incidunt aut magnam cumque. Distinctio dolor perspiciatis dolore ratione quisquam et. Sint quis aspernatur doloribus nulla quidem et.
Alias laudantium deserunt ipsum maiores deleniti quo itaque quisquam. Quia quo nihil possimus in ullam dolore asperiores. Commodi sed eos optio.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...