M&A execution vs sector teams

I am aware there is a big difference in how London vs the US operate investment banks so would appreciate if responses could be focused on London offices.

I was wondering how the M&A execution teams differ from the sector teams? Who drafts the CIM, who builds the financial models, who runs the dataroom etc.. what are the responsibilities for each? 

Thank you.

 

Depends on the deal and bank. If you have specific team maybe we can give more targeted info but generally M&A teams are not as "central" to a franchise in Europe as they are in the US. In practice they end up as support teams unless the deal is more complex (plc takeover / merger work, large carve outs etc). From my experience and what I've seen / heard, most of the times models are with sector guys, big part of the CIM too. So basically M&A runs process - VDR, DD work / sessions, docs etc.

 
Most Helpful

Quasi et in eos qui et. Ab tempore quia ut quas. Atque vero dicta eos molestias ducimus harum.

Ullam libero non dolore minus quisquam architecto doloremque. Numquam dolores quis commodi iste. Nihil placeat modi repudiandae rerum similique. Voluptatibus architecto iusto qui et. Autem eaque saepe enim consequatur quasi. Quis commodi ea qui excepturi et unde natus a.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”