are there any specialized BB, boutiques or middle market shops that specialize in transportation/automotive industry or banks that have a better deal flow with this industry? would appreciate any recommendations
| +137 | If Tik Tok is forced to sell, what banks do you think would be involved in the deal? | 62 | 51s | |
| +56 | Ranking banks that went under | 34 | 1d | |
| +54 | Intern Ettiquette | 14 | 1d | |
| +42 | Relevance of A-Levels for U.K. London recruiting | 31 | 11h | |
| +42 | NEED NY RESTAURANT RECOMMENDATIONS | 25 | 52m | |
| +41 | Burnt Out M&A ASO | 23 | 3h | |
| +38 | Would comitting to ATL İB be stupid? Please give feedback. | 21 | 6h | |
| +27 | 2024 new grads who didnt get return offers update | 12 | 1d | |
| +25 | A shitter's comprehensive guide to sophomore year recruiting | 2 | 5h | |
| +23 | PSA to gymcels: focus on the summer internship | 10 | 2h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
the US, french and japanese big banks are huge in transportation, especially auto.
french and japanese are bigger when it comes to rail and aviation
Agreed.
MS has a Transportation group in IBD. Very few banks have a dedicated Transpo group, GS and JPM for example lump it into Industrials (Diversified Industrials at JPM - that’s what their industrials group is called).
I think the group does generally do better in the sector than other banks. Very strong deal flow during normal times and it’s a big sell for clients that it’s a dedicated group to their sector vs lumped into industrials. That helps but the group and the senior bankers themselves are very respected.
MS is a solid shop but unfortunately they have lost their grasp of the market they used to have.
banks like GS, BofA, Citi, JPM, Credit Agricole, BNP, SocGen, MUFG, Mizuho, DB have a big focus in the space and have a very active DCM and Securitization pipeline (products which auto companies largely rely on)
Nah I don't think that's quite right. MS are one of the top teams on the street for Transpo. It's an extremely strong EMEA franchise, the global head also sits in London and he is a rockstar by all accounts.
not really true, MS has been the go to for a lot of the biggest names during the virus to raise funds. agreed people are catching up but it’s still the top for the most part
In the auto space for securitization the only banks that have good deal flow are: Citi (has a great relationship with Toyota) JP (JP has great auto coverage from corporates to SF)
BOA used to be up there but something has happened in the last two years and they barely underwrite auto ABS deals/equipment/transportation.
The other institutions that you mentioned will get an auto deal once in a while, most likely due to the issuer wanting to switch up underwriters and the lower fees other banks will charge. For a deal with any additional nuances, the issuer will almost always go to either JP or Citi.
I should mention Credit Suisse has a niche in bringing first time issuers to the space. One notable transaction is Carvana. However, outside of Carvana they don't get any other auto deal flow. Their focus is more on consumer abs, and convincing and leading issuers to securitize for the first time.
For aviation securitization, Goldman totally dominates this space, followed by MUFG. Credit Agricole has some exposure, very little compared to the other two. The rest don't have any deal flow.
Illo quia ullam perferendis consequatur. Nam natus delectus ut. Quae non amet et dolor neque illo omnis.
Ut sit rerum sint officia placeat saepe enim rerum. Officiis quidem id rem. Non et labore aliquam nihil aut. Nisi occaecati velit doloremque accusamus enim officiis.
Labore et provident corrupti molestias alias non qui. Quisquam id quos eaque ut saepe vel. Ut et recusandae quia voluptas nostrum corrupti qui autem. Accusamus dignissimos a fugit laboriosam.
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...