Since the BB and EB rankings seem rather clear, I wanted to see what everyone's rank was on the MM space out of these 10 firms based on deal flow, groups, comp, and exits:
HW
WB
PNB
Piper
+ any other you know
Would love to see what people think!
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Doubt others will look upon your post favorably, but for what it's worth:
1. You left out Lazard Middle Market (LMM)
2. You misspelled Jefferies
We gottem
Fair, I did write this right before I went on a run so I rushed. My bad
Rankings are a waste of time. You will learn that when you get older
Just look up the MergerMarket M&A report for the first 3q of 2020. It’s free and broken out by location and size.
But are any of the firms compared on the quality of their expense program?
delete
Lincoln International
Keybanc Capital Markets
Depends on the group and more importantly, whichever you can get an offer from
After spending some time in the industry rankings are dumb, but as a former college student - I get it. Keep in mind these rankings vary by industry coverage.
Tier 1: HL/WB/Baird
Tier 2: HW/Piper/Lincoln International
Not familiar with the rest.
Would put HW in tier 1 based on exits and comp
you are saying Jefferies isn't the top MM?
Pretty iffy right now because of industry focus and COVID affecting deal flow, but generally:
1. Jefferies, WB, HL, Baird, HW, Lazard, PJS
2. Lincoln, Piper, Oppenheimer
3. TDS, PNB, BMO, Nomura, Macquarie
Did not know Opco has enough deal flow to be a tier 2. Would prob throw in RJ in there as well and Keybanc at tier 3
I'd personally bumb them down and maybe create a "1A" group for like piper and harris. unless harris is really killing it these days, which i don't really know of, I wouldn't group them with jefferies, hlhz and blair
Not sure, only have one friend that works there, but I heard they've been hit hard by COVID. That being said, I heard their M&A and HC group is good, and they have decent exits from what I've seen, including one KKR guy a few years back.
Not sure how PJS is a Tier 1 given its limited scope and breadth.
Oppenheimer has very low volume, but is strong in specific areas (e.g. tech-enabled services, HC services). TDS does nothing of note in US MM M&A and who is PNB?
Also not sure if PJS is tier 1 given specialty focus (maybe tier 1 specifically in these areas?). Fwiw I understand PJS has been rapidly increasing scope and breadth (except for energy) with several new MD level hires and entry into new verticals. They are expanding FT and SA classes to support these new areas.
How about Wells in there
sponsors, m&a, industrials would be tier 1
Would probably place Wells Fargo as tier 1 across the board for most of their traditional groups
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