Perella/Greenhill M&A vs BB in London
How would you compare:
Perella/Greenhill M&A vs BBs in London?
This is a question that comes up often but It would be great to get an updated answer (things have changed a great deal since 2006)!
The financial press talks about the growing importance of elite-boutiques in deals.
http://www.bloomberg.com/news/2011-04-04/Lazard-l…
Is this bullshit?
Should young chimps make career decisions based on this?
Thanks for your answers guys!
Aren't elite boutiques (outside of Rothschild) pretty weak outside of America? I always thought they punched above their weight in America because of MD relationships that they don't really have in Europe/Asia etc.
That was what I thought but I think this has changed since the crunch.
cf: http://www.bloomberg.com/news/2011-04-04/lazard-leads-boutique-advisers…
I'd still stick with BB's. The league tables are a bit distorted - one big deal catapults boutique to the top and distorts their standings... Look at greenhill - as soon as ATT/Tmobile deal went away, their ranking plummeted..
I am not really aware how one classifies a firm as a "boutique" "elite boutique" and "MM". Personally I never saw Lazard as an elite boutique, it is really "strong" in Corporate Finance - especially Restructuring - in the US as well as in Europe. To me, I regard Lazard as an Elite MM. Rothschild, too. (but with a history bigger than all the BBs combined :p).
The way I see it is the BB's are simply the 9 BB's, pretty straightforward there. MM refers to firms whose clients are exclusively middle-market companies (500mm Revenue). Boutique is kind of a catch-all term for the entire world of Investment Banks outside of the BB's and well-known MM firms. Elite boutique is just a term used for the boutiques that frequently compete with the BB's for large deals, but is typically just used to refer to Lazard, Evercore, Greenhill, and Moelis (US centric term I suppose).
BB is BB....the other lines are a bit distorted. I'd go with the group that you best fit into and think you could grow the most.
Fugiat vitae tenetur eveniet possimus id dolores. Enim sed qui sapiente quia eveniet et atque. Iste non aut maxime.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...