Lazard Middle Market Minneapolis
Any advice as to hours, deal flow, and culture for the Lazard Middle Market office in Minneapolis?
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Why not find some of their analysts on LinkedIn and send them a cold email? I networked with a few of them while in undergrad, and they were very open.
I can give that a shot - curious to know if anyone on here can give any insight first. Sil any mentions of the interview process too?
Lazard MPLS (Originally Posted: 07/10/2013)
Can anyone give me some insight into the Minneapolis Lazard office. Culture, industry coverage, exit opps, etc.
Much appreciated
Well, for one thing, it isn't Lazard. It's Lazard MM. They focus on deals generally between $75-$300mm. Exit opps are your typical MM PE funds. Hours are rough, but not quite as bad as Piper. Expect to work 7 days/wk at times, but overall 80-90 hrs/wk is probably more common.
Prestige is decent, but nothing like Blair. MDs are constantly coming and going. As you can tell from the website, industry coverage is wide. By location, lots of deal flow in industrials, consumer, food & ag, and healthcare.
Thanks peinvestor2012.
How is their strategy or approach different and how is their dealflow compared to the likes of HW, HL, PJ?
The Minneapolis office is Lazard Middle Market, which has primarily a generalist program at the analyst level. Most of the guys I know at LMM MPLS go on to do MM PE at respectable shops and most seem to stay in the midwest (mainly by choice, I think).
HW is purely M&A. Lazard MM does capital markets work. Deal flow is quite similar across the groups.
Piper's bread and butter is HC. If you want MM HC IB, you go to Piper. The other three are more diversified in the deal flow they bring in and have been doing better.
I'd rank deal flow for M&A as:
1) HW (been struggling this year, but killed it last year) 2) HLHZ (have some big deals, harder to know how much is lead from MPLS vs. LA/SF). 3) Lazard MM 4) Piper (awful M&A deal flow lately... continue to struggle)
Thanks guys. Anyone else have any input?
Always been confused about this. Lazard has only NYC office, or where else is it located? and Lazard MM has all regional offices, or has a nyc office as well?
Lazard MM serves MM clients. Lazard works mostly on $500mm+ transactions. You will see some crossover, but Lazard is working on "bulge" style deals.
Lazard MM has MN, Chi, Charlotte and NYC. Lazard MM handles anything smaller out of the NYC area that Lazard does not want to work on.
Lazard has offices all over the place.
Easiest way to think about it is: Lazard = big brother; Lazard MM = little brother
Lazard has offices in NYC, Chicago, Houston, SF and LA. MM some more across the country, think Charlotte as well
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