What is the difference between advising the shareholders in a deal vs. advising a company in a deal? I was reading a Bloomberg article on the T-Mobile/Sprint merger and saw the following statement:
"T-Mobile was advised by PJT Partners and Deutsche Bank, while Goldman Sachs advised the company and its controlling shareholder Deutsche Telekom. Morgan Stanley also helped Deutsche Telekom and Evercore advised T-Mobile’s committee of independent directors. Barclays, Credit Suisse, Deutsche Bank, Goldman Sachs, Morgan Stanley, and RBC are providing T-Mobile with committed debt financing."
Is the work conducted by PJT different than what was conducted by GS when advising T-Mobile?
I've never worked in banking and would love more insight into the differences.
Qui quia numquam aperiam quo commodi qui. Eos aliquid voluptatum et molestias error. Corporis iusto est ut veritatis et voluptatem laudantium.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...