What made CS sponsors soo good?
I've always heard CS FSG was up there with GS TMT and MS M&A. What made their sponsors team soo good and prestigious? What did the CS group do so well that other sponsors groups weren't doing?
Would love to learn more about what made their sponsors platform be perceived better than the rest
dna and legacy from DLJ and FB
Adding on to the DLJ + FB legacy point made earlier. CS FSG owned the model rather than shipping it off to Lev Fin like most other sponsors groups do. So at the analyst level you’re getting lots of LBO reps. Due to the groups reputation and inherent function of being a sponsors group, no pitching was needed as PE firms came to the group with deals already in mind. The WLB and culture were also both very good, especially for banking standards. Exits were top notch.
Used to be grouped together with their LevFin team. Back in the days, they were underwritting everything, a way for sponsors to get cheap debt, hence their FSG team were working on a lot of sponsor work which led to good exits
idk how far back youre talking about but FSG is a separate group from lev fin. different client coverage
Client coverage is exactly the same. You must have very limited knowledge in finance. Why do you think CS sponsors is good, because their LevFin underwrite every single thing in the market
FSG and LevFin are together now. Source: my flatmate works in the team
Pricing risk lower than competitors
How do you thinks exits are right now given everything?
Architecto minima modi doloremque voluptas quo voluptate. Assumenda voluptatem ut sed hic dolor non possimus. Voluptate perferendis laborum saepe ex magni delectus libero. Ut sed nihil error quia.
Rerum ab itaque sed vel saepe. Ipsa odit saepe et. Et ipsa consequatur rerum voluptates voluptatem.
Harum dolores voluptatem possimus sunt veniam rem similique. Autem qui dolor omnis eius fuga. Expedita omnis qui dolores et provident facere accusamus asperiores. Fuga non aliquid at sit iste deserunt.
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...