EY-Parthenon vs EY TCF for transitioning into IB

Hello, I'm applying for finance graduate programs and looking into EY's Strategy & Transactions group as one of my options. My ultimate goal is breaking in to PE/VC down the line but I'm also interested in moving to BB/EB IB as an intermediate stepping stone (yeah, I know the market isn't great right now).

I'm understand that EY-P (strategy, transaction strategy & execution) has a good reputation amongst Big4/T2 consulting and places decently well into MM PE's due to CDD and growth strategy exposure. Could this also help me stand out and lateral into analyst 2/3 roles at a lower tier BB?

Or should I be looking at the Transaction Corporate Finance division in EY proper (Transaction Diligence, M&A, Valuations). I'm worried this doesn't hold the same prestige as EY-Parthenon and may not provide as many options.

P.S. not that interested in going the MBA route as it doesn't seem as required/relevant in my country (Australia).