9 Comments
 

About as trash as can be. Had layoffs earlier in the year for the first time in history, had garbage return offer rates and deal flow is still non existent. Rx used to be the best group, people in the industry haven’t seen them on things in ages. Both co-heads left last year and they replaced them with Lazard people, they have been lackluster. If you really want to see how things have fallen, Northvolt hired the Europe team for IPO advisory, that collapsed and they ended up filing for bankruptcy in the US. It was initially US Rx on the deal, but Northvolt went to the trouble to fire them and hire HL. Huge deal too.

 

Sounds like an incoming SA trying to make themselves feel better about their offer. Don’t work at Roths, but in the Rx space, Northvolt info is very publicly available. Look up the Bloomberg article on it, it has all of the info on it. First day declaration is from Yearly who is NA head of Rx. Bloomberg clearly says they were fired and someone else was hired (HL).

 

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