Mizuho / Greenhill Acquisition Aftermath
Curious about how Greenhill folks have been faring through this process. Seems like the deal could really benefit the team as Mizuho seems to really want to grow its presence in the US, and considering that Greenhill has been on a downward trajectory for years. Also particularly interested in how the SF office is doing right now, as I noticed a few SF folks were poached by Ducera.
Based on the most helpful WSO content, the acquisition of Greenhill by Mizuho has been met with mixed reactions. Some believe that this acquisition doesn't change much for Greenhill as it is being kept as a separate entity, retaining its branding, offices/employees, and management, but now supported by the Mizuho platform and balance sheet. This move is seen as beneficial for Mizuho as it allows them to bulk up in the M&A space where they were previously underweight.
However, there are concerns about the career trajectories for everyone from directors down to analysts. Some feel that the seniors worth a damn aren’t going to lose the relationships they already have and their reputations are going to remain intact. Investment banking is a commodity and 90% of clients are going to keep working with the guys they have worked with in the past.
There's also a belief that Greenhill selling itself was always the endgame with the maturity wall approaching, and that after the lock-up period of 3-5 years post-acquisition, we'll see a lot of seniors retire.
As for the SF office, I'm sorry, but it looks like this may be out of my ability to answer... maybe some of the links below might help?
Seems beneficial to both sides. Hopefully Mizuho cuts some of the 80 MDs Greenhill has and replaces them with more capable people.
How’s it coming along?
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