Is their dealflow actually strong?
I'm considering an offer from another bank right now, but the group it's for has barely closed any deals this year according to their website's transactions section. It's surprising since they seemed to be busy and have a lot of Seniors that came from solid banks, but I don't know if this tells the full story.
My current bank hasn't posted all of the transactions we've closed over the past few months and we have a lot of live deals right now, so I'm wondering if the bank I have an offer from isn't posting their closed deals or if they actually don't get anything closed.
Hard to say, I would base my thoughts on a couple things:
1. When is their last deal closed listed? If it is pre-2019, then maybe they havent listed the deals they closed because they have been slammed ever since. My old bank used to do tombstone dumps when things were slow, and would sometimes only do it once a year.
2. What industry do they focus on? If it is tech, and they dont have any deals listed for H2 '22, maybe they legit havent closed any lately, but this seems unlikely.
3. If they are hiring, it implies they are closing deals. Why else would they want to dilute their equity pool (sounds like a smaller privately owned IB) by adding additional employees.
Can you reach out to an analyst or associate to get a gauged for deals closed in the last 6-12 months? Any bank that is still hiring is likely still closing deals, or they are extremely mismanaged.
Could I PM you with specifics?
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