I've heard that quite a few groups at Barclays do in-house M&A. Do any of you have a list of what groups do and don't? And is it the same across NYC and London? From what I understand, they have a dedicated EMEA M&A group, but none in North America.
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Most industry groups do.
For LDN there is no dedicated M&A group in that sense. There is regional M&A (e.g. UK M&A) and a dedicated sell-side M&A team (quite new AFAIK).
If you are interested in a particular group let me know and I can check.
How's Healthcare?
HC does all of their own modelling and is usually holding pen on most models during live situation (exception maybe when multiple industry groups are involved as well as LBO structure and similar, which get filled in by LF).
Talking LDN here, but pretty sure it’s similar for NYK.
Deleted
Can’t say for sure, since I sit in LDN. But TMT here does, so suspect it’s the same.
If most do, do you know which ones don't?
Let me rephrase - all of the classic „Vanilla“ industry groups do in LDN, AFAIK (e.g. HC, TMT, Industrials, Consumer, PUI, NR, etc.).
I am not sure about some of the more „in-between“ groups or newer groups like sustainable and impact banking (not sure what they even do exactly).
they all do in NY. there is no M&a group
its literally all of them lmao, GS/Barclays are the only BB with no outsourcing in NYC
DB too
thats wrong, DB has an M&A group
bump
All industry groups at Barclays do M&A within their groups. Our "M&A" team is called Exclusive Sales Group and they basically help to handle some of the heavy administrative tasks associated with more involved processes. Industry Groups + FSG (if a Sponsor deal) do all the modeling.
Do you happen to know if that's the case in London? Confused about how UK M&A fit in.
Also do you have any insight into RSG - is it strong and what exit opps are possible from it? I understand it functions like a rates/fx desk but if you have any insight that would be great.
UK M&A is mostly just coverage and corporate broking of UK domiciled companies
Huh thanks. Now I have my answer to "Why Barclays."
Do you know anything about the culture in the UK M&A group?
In LDN, modelling is usually done by industry groups. All the industry groups sort of look down upon UKM&A and often wonder what the hell those guys actually do apart from some coverage and corporate broking as someone else mentioned. But I have to say, UKM&A analysts seem to get more deal exposure (this is especially true after the cohort system was dismantled; being the only british BB meaning more british clients and deals naturally) and seem to have better exits. You can verify this on Linkedin. Take what i said with a grain of salt though
Do FSG do their own modelling or is it under LevFin?
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