PJT Strategic Advisory Groups
What are the best coverage groups/areas within PJT Strategic Advisory? Have heard media and telecom is strong, but would love to know about others like Tech and Healthcare.
Additionally, any info on recent exits would be appreciated. Are they on par with EVR/LAZ/MOE M&A?
bump
Paul Taubman made his career off Telecom banking, so obviously telecom is strong.
helpful, thanks. does that strength in telecom translate to other TMT subsectors (like SaaS, healthtech, fintech, etc.) as well?
They are strong in Media as well, less so in tech
Heard good things about their HC. Its also one of the groups where there is no generalist staffing. Exit wise should be on par but unsure on a per capita basis. Cant imagine any HH not giving looks to PJT m&a and know a guy that went to KKR.
Strong across most sectors but would note PJT’s M&A practice is meaningfully smaller than some EB counterparts — with that said exits are fantastic and at least on par with comparables you mentioned
Top Groups
REGL especially in Gaming
HC, they only do Pharma / life sciences but have done a solid number of mega deals Abbvie/allergan, Amgen/ horizon, vifor, Pfizer/Mylan. Recently hired the heads of Lazard and PWPs life sciences groups
Media Comms has all the bankers from Taubman’s MS gang and has strong deal flow as a result
Middle tier groups
Industrials (though they did GE, 3M and recently Smurfit). Recently hired EVRs Head of A&D plus the head of Citi’s Industrials group
Consumer just poached JPMs C&R head last year. Group didn’t exist before that
Tech/Software has traditionally been weak. Recently made a big hiring push in SF and hired EVRs Software head, some guys from LionTree, another MS mento banker
FinTech is also a good group
Everyone avoids power and insurance. Oil and gas has recently done a few good deals but mostly operates out of Houston
thank you, that was extremely helpful. another quick question, do you have any info on the Capital Markets group (what they do and exits)? saw a job posting and seems they are a part of strategic advisory, but recruit separately from the M&A teams, so was curious about what that relationship/dynamic is
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