For IB industry groups I have never understood what their role is in financings? I understand they do the majority of the work for M&A but for debt and equity fundraising’s what are they doing? Isn’t that mostly DCM/Lev Fin/ECM?
Depends on the bank. For an LBO financing let's say, at some places the LevFin/Sponsor team will hold the primary pen on models/deal memo while the industry team chips in as needed on the materials. At other places the coverage team will do the heavy lifting.
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Curious too
Depends on the bank. For an LBO financing let's say, at some places the LevFin/Sponsor team will hold the primary pen on models/deal memo while the industry team chips in as needed on the materials. At other places the coverage team will do the heavy lifting.
Tempore optio fugit adipisci. Non quam quis in dolores et aut similique.
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