Rothschild vs Houlihan Lokey vs Deutsche Bank

Hi,

Looking for input on these options, one of which I have an offer, the others which I believe I have an excellent chance. Rothschild and Houlihan would be for their restructuring groups. DB is not group specific. I am interested in both M&A and restructuring, and am currently leaning towards exiting to a distressed debt shop, but obviously that might change.

Thanks for the advice.

13 Comments
 

HLHZ for RXing

at neither bank will you get generalist. so you need to pick M&A or RXing. oh, and RXing isn't an absolute pre-requisite for distressed funds.

"After you work on Wall Street it’s a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side.” - David Tepper
 

Remember that HL's restructuring practice, while obviously quite strong, is focused on creditor-side representation. To over-generalize, creditor-side places into distressed debt hedge funds, and debtor-side places into private equity.

"There are three ways to make a living in this business: be first, be smarter, or cheat."
 

I am in the US, so Europe rep isn't that important to me. However, while I have heard good things about Rothschild's European M&A practice, but not so for restructuring.

Also, for clarification, this is for the restructuring groups at Rothschild and HL. I'm aware they are both much stronger in restructuring than M&A in the U.S.

 
A Fellow Linguist
nontargetPSD92Houlihan for sure. HLHZ is an elite boutique. Rothschild is a top middle market
I wouldn't classify HLHZ as an elite boutique, nor Rothschild as a middle market firm.

HL = best creditor-side RX on the street; middle-market M&A Rothschild = strong debtor-side restructuring, works on many M&A megadeals (thus, not middle market)

This seems pretty legit.

"There are three ways to make a living in this business: be first, be smarter, or cheat."
 

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