Herewith I would like to start the discussion which investment banks and elite boutiques in Germany, Austria and Switzerland belong to Tier 1.
As far as I have heard the Tier 1 like GS, JP and MS are not necessarily considered Tier 1 in the DACH region or Europe.
Which banks would you include where you can not only make power points through an internship but also really learn something.
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GS is T1 regarding most perspectives like team size, deal size, deal flow & exposure, covered clients, exit - may find 2-3 banks comparable in a few criteria, but not all
Would put JPM and BofA (maybe also DB) as closest competitors in this region. Either of them has 1-2 stuffs not dominate in the region, but still good. JPM has a smaller team size restricting their capacity, while exit at BofA is not T1.
Rothschild is an EB version of GS and really outperforms all-round.
No other EB is close to them like BofA JPM to GS. Actually only LAZ and EVR are relatively active here
Lazard is only more comparable to Rothschild after Mr. Schenk comes (but mostly in energy sector). On nearly every significant energy deals this year, their name can be found. However, many previous juniors before Schenk’s time haven’t gained any „full deal“ experience. Mostly just fairness opinion on large deals
Evercore is also strong, but it is more like a pan-European team in Frankfurt. They are working on many large-cap deals as exclusive advisor (limited sector capability also: usually saw them in automotive, real estate and infrastructure), but those stuffs are usually from non-DACH. Maybe because they hired several MDs from London
Hijacking this thread.
Anybody knows the top middle markets in DACH?
Blair, Houlihan and Lincoln are really active in the classic mid market.
Carlsquare has even higher amount of deals than above, but usually smaller size.
Saxenhammer is also a name that should be mentioned.
Don’t forget about Alantra when you mention smaller banks like Carlsquare or even Saxenhammer
Agree, Alantra is also active.
By the way, Carlsquare is surprisingly 2x as large as Alantra. They have c. 80 bankers in Germany.
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