Is PWP dying? Bonuses News

That note seems really dark.....

Not surprised. Their deal flow sucks

Don't see how they'll be able to compete with other EBs at this point

Wonder what the inside story is. They haven't done a megadeal (being one of like 20 banks on Holcim/Lafarge doesn't count) but they seem to have a decent flow of smaller but respectably sized deals. I wouldn't say their dealflow "sucks".

Something doesn't totally add up.

The exodus of their Rx group certainly doesn't put them in a strong position for the next 3-5 years. Highly doubt PWP will go the way of Gleacher, though, as they don't mess around with S&T and have a decent AM business keeping things steady. Definitely going to be tough to keep talent around in the IB though.

redacted

http://dealbreaker.com/2015/12/bonus-watch-15-perella-weinberg-tells-em…

spokesperson corrected

This is probably what happens when people jump to conclusions from an unsourced article that can't even spell Heinz correctly. It is amazing how easily people will take anything they read off the internet at face value.

There is fire to go along with the smoke here, lot's of partners looking for the exit on both the investing side and the banking side; my general perception is the no one really trusts management, and as such senior bankers have held off sourcing deals until they land on their feet.