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MOE might be a tier above JEFF, but at this point, I’m wondering what makes GUGG and PWP “elite.”
In terms of large transactions, JEFF has done more $1 billion+ deals than PWP and GUGG combined. Its coverage has also expanded well beyond its traditional strengths.
JEFF’s Houston Energy and Healthcare groups alone bring in more revenue than PWP as a whole.
Just look at the league tables and fee share in LSEG Americas. JEFF is #6, while GUGG is behind even HL. I couldn’t find PWP in top 20
First Congrats on JEF, this is too obvious lol.
JEF is a volume shop, take bunch of deals instead of quality deals. Plus GUGG and PWP have a way stronger RX franchise. Period.
Take out SMBC then JEF is nothing. Hope they get acquired soon!
Not the person who posted the league table above, and I haven’t worked at JEF, but I think he made a solid point.
I worked at a lower-tier EB (GUGG/ROTH/PWP), and we were constantly pitching against shops like JEF/WF/WB/HL. We also did plenty of $300 million deals
The only difference is exits. My group sent two second-year analysts to Bain Capital / Carlyle; not sure if JEFF has the same exits.
RX is only one of JEF’s product groups, and most of the firm’s revenue comes from coverage-driven M&A. JEF also has another product group (PCA) that is significantly stronger than the PCA platforms at PWP and GUGG, no?
“JEF is a volume shop that takes on a bunch of deals instead of quality deals.” How exactly are you defining “quality”? JEF literally closed more $1B+ transactions this quarter than the two firms you mentioned combined. In terms of client quality, JEF also advises a couple of top-tier sponsors and strategics this year.
“Take out SMBC and JEF is nothing. Hope they get acquired soon!” That is like saying MS would be nothing without MUFG. If anything, isn’t PWP far more likely to be acquired than JEF?
What you mean Moelis “might be” above JEF. They are 😂. Least obvious JEF banker
Congrats on GUGG. Prolly just a junior student who is trying to convince people that GUGG is on par with PWP/MOE and use Jefferies as a scapegoat
GUGG is better than PWP at this point
I also spoke with many WF people who said they are BB....
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