I've only executed on transactions where there is one exclusive financial adviser per side, so hoping for some context on the roles of investment banks when there are multiple advisers on the buy-side or sell-side of a transaction.
Is it more collaborative where multiple banks work together on the CIM, buyer outreach, managing the VDR/DD process, etc, or does each bank get certain cuts of the process? I know there isn't a catch-all answer but any insight would be appreciated.
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