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Not that strong
can you elaborate a little more on why...?
It seems like they're pretty good. Obviously they were on AT&T-Deutsche Telekom deal. They also did the EchoStar-Hughes deal (1.3bn) and the Carlye-Syniverse deal (2.6bn).
Seems like they do a lot of smaller deals:
http://blogs.wsj.com/deals/2011/04/26/meet-deutsche-banks-telecom-deals…
It is one of the strongest M&T groups on the street. From what I hear, the group has a really good culture - laid back but lot of heavy lifting as the group is quite lean. It has some serious muscle with quite a few rainmakers.
The group is quite big with sponsors and therefore logically, smaller carriers and media companies. It does however bank the bigger telco names as well - just not as much as JPM or MS. I would rank it at or with JPM for telecom, emerging telecom and fiber / data.
There's just not a lot of appetite for M&T-related sponsor deals right now (in my opinion, that train may have passed due to the extreme consolidation in the industry over the past few years; you're not going to see buyouts of companies like Alltel in the near future and the telecom/cable companies with value are already either consolidated conglomerates or very highly levered).
If this is your only option it's fine because it's a BB. If not, I would seek a more product-specific role at either DB [thinking M&A, obv.] or one of the banks listed above that brings in more business/offers greater learning opps. [JPM / MS].
Also know people at DB who passed this group up full-time to go to groups like Real Estate.
Traditional telecom (wireless and wireline) is down the tubes - can't see any big merger happening until AT&T / T-Mo gets regulatory approval / decline. But a bunch of activity in smaller players - or at least was there til Pre-August. Besides the Sprint's bond issuance (JPM), market is frozen. So I think you are right in no live activity - just a lot of pitching to sponsors for the smaller peripheral players.
You will probably get more M&A exposure at MS or CS because that's their chops.
DB TMT Group (Originally Posted: 02/09/2013)
How are DB's TMT group, particularly Boston office? It's interesting that the group has no presence in NYC...can anyone speak to Boston office culture? Did search but nothing good came out as a result
DB has a seperate group for M&T and it's mostly based out of NYC.
Have a friend that worked there, its a decent office, basically if you're interested in software then you're fine out there.
It is a small office though relative to the TMT group in SF (sweatshop).
SF is tech and healthcare, no MT.
^^ yeah my bad just short handing it. I would even call the Boston office TMT since i'm lazy.
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