What are some firms/groups at banks heavily involved in cross-border/transatlantic Industrials M&A?
Looking to lateral, figure something like this might capture my interest of international affairs and finance. Ultimately responses would help me target those firms.
Cross border sounds cool and all until you have 4am calls because of time zones.
Yes, and that sort of experience after a year or two puts you in the few and far between wouldn’t you say? As much as it would suck, I think the experience one would gain and how that becomes beneficial to long term career plans outweighs the grueling nature of it.
I would strongly disagree. The work is mostly all the same even on a cross border. Having really early mornings on top of the typical banking late nights doesn’t make you any better of a banker. I had far too many 6am calls to wake up to after typical 2-3am nights and I tried to avoid cross borders after that.
Thanks for shedding light on my ignorance. I meant not necessarily the calls at 4am but getting familiarized with the additional securities regulations/processes/current events, if at all, that may be specific to a cross border transaction. Or would you still insist that they are not that much different from domestic transactions in that respect?
Transatlantic deals are usually not by choice: it is quite inefficient to have teams working five/six hours behind from one another
As such, where you will see them occur is in banks that have just landed in Europe/ are trying to grow on a specific vertical. I believe Evercore HC (Europe) is in this latter boat
As you can expect, over time these banks will try to develop the skillset locally (may take some years however)
I work in corp dev. for a manufacturing company working on cross border transactions. I don't want to burst your bubble, but will say that i personally hate working on non-US deals. The pointless calls that everyone hates are now done at all hours of the day from 5am to 9pm. You wake up in the morning with client / buyer requests filling your inbox because their day started hours before yours, leading you to be pissed off within 5 minutes of waking up. I'm not really sure what aspects of a deal you think will be interesting from an international affairs perspective. The only topics I see are foreign direct investment reviews, never ending diligence requests and calls (at 5am) around nebulous import & export regulations / sanctioned products / product classification (which is excruciating to me), and nightmare VAT situations within and outside the EU that lead to brain damage by the time tax / finance diligence is done.
Thanks for the honesty. I primarily asked because I had assumed (incorrectly it seems based off the responses I have gotten) that cross border industrials M&A would have an aspect of keeping up with international affairs events and factoring that into sourcing M&A opportunities. I am trying to figure out where does keeping up with the economic/social conditions of countries and their relations to a US based company cross with IB?
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