Lincoln International 2021 thoughts?
Curious to hear everyone's updated thoughts on Lincoln at this time - heard they're looking to recruit to gain market share atm but what's their deal flow / culture / exit opps looking like this yr and the next? Any thoughts on non-US offices?
Can only speak about Lincoln's TMT group in NY/SF as this is the only group I'm familiar with. Overall thoughts are that the TMT group is doing well with strong deal flow and more and more deals approaching $1B in size. You heard correctly in that Lincoln as a whole is looking to expand right now and gain market share.
Deal Flow: Strong deal flow in TMT as this is an area which Lincoln has invested the most in growing out. Brought over a bunch of new MDs, Directors, VPs from other EB/MM/BB banks and are aggressively growing market share in MM TMT. The TMT group is the best positioned group to weather the slowdown in M&A deal activity because of COVID-19. Even despite the halt in M&A activity, the TMT group is still closing deals and picking up new deals.
Culture: Good culture with seniors not really caring much about facetime. Analysts have good work/life balance.
Exit Opps: Pretty standard exits to MM/UMM PE and Corp Dev with the occasional MF. A lot of analysts stay on as associates through the A2A program or go and get their MBA to do something else.
What are you talking about??? No one, and I repeat, NO ONE from Lincoln is placing into UMM PE. There’s maybe 1 person at most placing into MM funds > $1 billion. It’s probably zero actually.
Stop spreading bullshit information please. Lincoln is a solid MM platform that does well in smack-middle market deals in the $100-300mm space. Sure, sometimes you do bigger deals but that is not common. You can exit into LMM PE funds around $300-800mm, but even then it’s difficult because they still rather hire analysts from BBs/EBs and better MM firms like Blair, Baird, HW, HL, etc. Please do not misinform people by spreading bullshit. It’s a good middle market platform and a great place for career bankers in that space. No need to try to hype it up to something its not
They hosted an event and they went to a bar afterwards. My friends and I went to the same bar and saw them. Wasn't on purpose, we just went to the same place. They had a bar tab for themselves, but I knew the senior guys name and put my drinks on the tab. They either never noticed or didn't care. For that, they're one of my favorite banks