Qatalyst Partners

Can someone tell me more about this firm?

Have heard it's a TINY (~60 person firm)... That's insane when you think of Evercore having ~2,000 people. I've done a fair amount of research and see they recently led the Slack sale to Salesforce, worked on LinkedIN sale to Microsoft, the sale of Ebay...

I have a friend of a friend's brother who used to work with someone there and had mentioned comp clearing $200k first year as an analyst... 

How does this tiny firm run such major deals... From what I've seen on linkedin, even people from GS TMT choose to jump to Qatalyst. I'd imagine exit ops, comp are top of the line. Any idea on the culture there?

 

It's a really great shop (arguably the best place to be if you're interested in tech M&A). Runs very lean, consistently wins the highest profile m&a mandates, analysts get a great experience (VC exits in particular are top notch). 

I have heard the interview process is extraordinarily long, technical, and difficult though and you need to know the tech industry inside and out to win an offer. 

 

Interviewed for SA, didn't get very far, but agree with this, really intense technicals and soft technicals (tests of your industry knowledge) . Know someone who got further than I did – he said he had 10 interviews before getting rejected. Final interview is supposedly with the CEO.

 

Everyone has said it, and their tombstones speak for themselves. Comp is very high, teams are lean, and benefits generally are good (expensing and reimbursing, etc.). Exits are mostly into venture / growth, which is an artifact of their culture and the type of people analysts generally are vs. ability to place elsewhere. I know this year around analysts are going to SLP, HF’s, and top VC/GE.

For tech, the only firm that really compares in deal flow and consistent transaction significance is GS TMT (MS Menlo is a leader in IPOs/DLs, but less M&A volume). Other tech groups do well also and have growing momentum (JPM, BofA, Lazard) but imo no one but Goldman works on deals as large or high profile so consistently.

Edit: MS Menlo deserves more credit, and is top-tier w/GS & Q. BofA's recent exodus has really pulled the rug out from under them, so I'd expect to see other Boutiques start to encroach on some deals. Time will tell if they can penetrate the Q/GS/MS tier. 

 

Couldn't agree more GS TMT & Qatalyst are killing the tech space... It's absolutely crazy to see a GS TMT guy who summered last year jumped over to Qatalyst for FT. It shows that some places are crushing it 

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It's really not "absolutely crazy"... I know who you're talking about and not everyone wants to start their career at a large firm. There are other factors to consider other than perceived prestige

 

Obscenely high - think about the deal flow relative to the head count. Wildly good perks too

 

They are the place to be for tech M&A. Their founder, Frank Quattrone, is an absolute animal of a dealmaker. Lean structure combined with multitude of megadeal after megadeal allows for incredible comp across ALL ranks. Their analysts / associates enjoy top of street comp compared to literally any of their peers as well as a hell of a deal sheet. Won't say the associate number I've heard given I don't want that to be the expectation by any means but I know it's materially higher than places like CVP and EVR.

I'm not trying to jerk them off or anything but they definitely crush it in what they do.

 

Appreciate the insight – yeah no sense in throwing a number out there since everyone goes wild about that haha. Figured a tiny firm working on mega deals would generate some crazy good comp!

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Why would analysts want to exit? Pay is way higher than anything they would receive in VC/GE. Is wlb terrible or something (considering low head count and insane deal flow).

 

wlb, interest in investing (especially considering how vc and growth are glorified in the tech world), and access to the top exits is something that's difficult to pass on. If you're good at any of these places, comp in the long run will begin to converge eventually. That being said I wouldn't leave if I were there haha

 

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