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Would probably be GS, Evercore, JPM, or MS. Some banks tend to focus more on niche industrials, Piper’s Chemicals team is pretty good. PJT has been doing quite well in Industrials lately. PJT, Moelis, and Evercore have been going after mandates that would’ve otherwise gone to BBs and some EBs like Lazard. And I’d say they’re actually doing well in terms beating these banks for mandates.

Industrials is an interesting coverage group, mandates tend to go to banks with more sub-sector specialties within deal teams.

 

Undergrad here

Can someone explain what business services M&A is and common vertices within?

 
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There’s a very well explained article by M&I on this. Read that for better understanding. Long story short, in this group coverage bankers essentially help companies that offer a range of services to other companies: business process outsourcing; engineering, construction and procurement; human resources services; logistics and distribution; professional services and consulting; and, testing, inspection, and certification. Again, sub sectors can be BPO, Engineering & Infra, Marketing Services, etc. Classification can be different for different banks but you get the gist of it.

 

s41242:

There’s a very well explained article by M&I on this. Read that for better understanding. Long story short, in this group coverage bankers essentially help companies that offer a range of services to other companies: business process outsourcing; engineering, construction and procurement; human resources services; logistics and distribution; professional services and consulting; and, testing, inspection, and certification. Again, sub sectors can be BPO, Engineering & Infra, Marketing Services, etc. Classification can be different for different banks but you get the gist of it.


HL and Rothschild are great banks in this space

 

JPM clear leader in industrials as a whole. Their team is 90+. MS dominates Transport & Logistics. DB very strong in business services, up there with the top 3

 

JPM clear leader in industrials as a whole. Their team is 90+. MS dominates Transport & Logistics. DB very strong in business services, up there with the top 3

90+ where? In LDN? I'm not sure about that.. Joining them and their UK arm is only 20.

 

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