M&A and RESTRUCTURING as an Analyst
So I know a few "elite boutiques" have a generalist model where analysts can get staffed on both M&A or Restructuring deals, but is that common in the MM space?
How would that experience look coming out of an Middle Market firm? I think I want to stay involved with advisory work, but have an interest in distressed PE/Hedge Funds. Also, think it would be good to get some experience on the buy-side then switch back over if I still like it.
Overall is having m&a and restructuring experience on mm deals unique? Set you apart well for Business School/ buy-side recruiting?
Also, how would this do compared to a strictly restructuring shop that does much bigger deals? Would the varied deal type overwhelm the size of the deal when it comes to outside opportunities?
Thanks for all the help.
RX is inevitably a game suited for the bigger companies and not MM companies. Reason being, restructuring bankers are crucial for distressed situations/bankruptcies for larger companies with elaborate capital structures, as it requires representation of numerous constituencies and creditors. Most MM companies simply do not have capital structures that require that and a lot of MM companies can negotiate with (usually) the 1 or 2 lenders that they have. However, there are some MM companies that do have a need for restructuring work (i.e. PE portfolio companies with lots of debt).
There's a reason why most top MM firms do not look to build out a large rx platform. If you're interested in RX, go with a bigger shop that will allow you to experience the complexities of that work.
Thanks, but what if the MM has done deals? Like they brought on some guys from other top shops? Just wondering considering in my position I can't get into the "elite boutiques" but this seems like the second best opportunity.
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