IB firms with tech deals?
I am currently pursuing my MS at a top B-School and have recently (within the past 4 months or so) decided to go into finance over the tech industry. A long term goal of mine is to break into a VC, so I was wondering if anyone knows of banks which handle a good amount of tech deals.
I will be applying to a variety of banks as well as a few PE firms (long shot I know) and figured if I can get into a shop with good tech deal flow it would be a start.
Any insight is appreciated, thanks.
Top tech shop right now is actually Qatalyst Partners, run by Frank Quattrone - they are on all the biggest tech deals are rumored to be advisors on a couple more big ones coming up - not an easy shop to get in
Most of the bulge brackets have very strong tech groups, GS TMT, MS Tech, JPM Tech - followed by DB, CS and Barclays (legacy Lehman team which was quite strong)
Out of the elite boutiques, Evercore has a strong practice
Middle-markets you have Jefferies Tech which has done well and Stifel via their acquisition of Thomas Weisel Partners
Other shops include GCA Savvian or if you want to focus only on Fin Tech - you have Financial Tech Partners
Thanks a lot of the help. I appreciate it.
Good list of banks. One other insight, if you're looking to get into VC afterward, I would look for banks that do business with VCs. In other words, look for banks that have done deals with start-up companies (Google, eBay, Motorola, Microsoft acq's) or taken venture backed start-ups public (look through recent tech S-1s). Some of these banks get to the top of the league tables through a few large M&A deals, which won't get you any relationships with VCs (what you want) or with start-ups (what VCs will want you to have).
Thanks Apareto. I'll look into that.
Would anyone have some recommendations for boutiques(besides the already mentioned elite ones) that deal with tech?
Some other boutiques with tech deal experience (some more than others) include:
I can't lie, I am not familiar with quite a few of those. Any ideas on how other exit ops would be with them?
out of apareto's list...there are a few ones you may want to consider.
Lazard in sf (this is not the MM group, they did the google buyside acquiring MMI and a while back when they sold zappos) Montgomery (they deal with some internet / media companies) Pacific crest (mostly ipos, equity follow-ons) pagemil (small sellside shop) RBC (getting pretty good in tech but the head resides in NY and was a former rainmaker in sagent / wachovia) wellsfargo (eh...the wachovia team basically moved to sagent and no one good is left, they still rep the "big bank" name though)
Lazard sf and RBC have mediocre exits..you can possibly find a spot in a VC or growth equity but it will be tough for a highly competitive shop in sf (tpg, warburg or even silverlake sumeru) with lazard sf analysts faring better than the RBC guys. FOr the rest of the guys on the list...HH won't even look at you.
Other honorable mentions...
Harris williams - building up their tech practice Sagent - did the shopzilla deal and a bunch of other IT/outsourcing including the $1b stanley deal a while back revolution partners - does a lot small sellside / growth private placements
I had planned on applying to Lazard just not the SF office. So we will see. HW is on my list though
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