Piper Sandler’s Caliber

Question

Curious as to what you all think of Piper’s outlook for the near future. Which offices are the best in terms of deal flow? Are there any legit exits from Piper or do people typically just lateral into another bank?

Thanks!

Bullet-Tooth Tony · Accepted Answer

Plenty of MM and LMM PE recruitment opportunities from Piper. As mentioned above, HC (specifically med devices), Consumer and FIG (Sandler) are strong, but Industrials and Business Services are also decent. I think they have a decent tech and HCIT flow as well.

NuclearPenguins · Answer

I've seen a # of people lateral in both scenarios, including some who left in the middle of FT (like even 1 year into their analyst stint).

Definitely doable, and isn't dependent on being at a "top" group such as Medtech. From just people I know, have seen laterals to Greenhill, PWP, Lazard, JPM, Barclays, BAML, Centerview.

Leverage Hero · Answer

Consumer group is pretty solid on sell-side M&A - see those guys a lot. FIG probably strong with Sandler acquisition. They basically run the medical devices space and are decent in HC overall.

Leverage Hero · Answer

"Andy Fastow"
I've been looking into their Capital Markets team and they have some pretty cool deals. It seems like they punch above their weight and reputation of "Minnesotan MM Bank" . They have run the IPO's of: Moderna, YETI Coolers, Zoom, and many other 500mm+ deals. I think that their energy deals are run down in Texas by the old Simmons team and, as others have mentioned, the Sandler O'Neil merger should poise Piper to rise in notoriety in the coming years.

Disclaimer: current student

They were not involved in any real capacity on those, basically a co-manager.

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Piper Sandler’s Caliber

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