TMT EMEA Rankings for exits

Based on the most helpful WSO content, here’s how banks in EMEA rank for TMT exits, particularly for UMM/PE opportunities:

1. Top Performers:

   • Goldman Sachs (GS): Known for its strong TMT group, consistently delivering top-tier exits.
   • Morgan Stanley (MS): Highly regarded for M&A and TMT, with a strong reputation for exits into UMM/PE.
   • Citi: Strong in TMT, FIG, and Industrials, with a solid track record for exits.

2. Other Strong Contenders:

   • J.P. Morgan (JPM): TMT is a key strength, alongside other sectors like RE and LevFin.
   • Bank of America (BoA): Performs well in M&A, HC, Industrials, and Sponsors/LevFin, with decent TMT exits.
   • Lazard: While not exclusively TMT-focused, it has strong M&A capabilities that support exits.

3. Boutique Banks (EBs):

   • Evercore: Known for its strong M&A focus, including TMT, with excellent UMM/PE exit opportunities.
   • PJT Partners: Particularly strong in RSSG, but also fares well in TMT-related exits.
   • Moelis: Marginally behind Evercore and PJT but still a solid choice for TMT exits.

4. Mid-Tier Performers:

   • Credit Suisse (CS): Strong in Sponsors and LevFin, with decent TMT exits.
   • Deutsche Bank (DB): Not a top-tier player but has strengths in Industrials and LevFin, which can support exits.
   • UBS: TMT and M&A are areas of focus, though exits are not as strong as the top-tier banks.

For 2025, the rankings are unlikely to shift drastically, but the strength of individual groups and deal flow will always play a significant role in determining exit opportunities. If your goal is UMM/PE, targeting the top performers like GS, MS, and Citi would be your best bet.

Sources: EB’s ranked by exits, EB’s ranked by exits, 20 Most Frequently Asked Questions - London Edition, 20 Most Frequently Asked Questions - London Edition, Top IBD Groups / Firms 2020 (Exits)