RX Deal - Work split between RX vs. industry team on a RX deal?
Say for example on an oil & gas restructuring. What does the RX group do and what does the Oil & Gas coverage group? Or does the RX group handle this entirely on their own without any input from the oil & gas team?
I would think that if you're advising the debtor then you will need deep business expertise to plan out a business plan, which would be difficult for a generalist RX banker to have deep knowledge on, given they are generalists (obvious for a vanilla industry like retail, then it's not needed)
If someone working in RX could chime in here that would be great
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