What are everyone's thoughts on Terra Firma? Are they a strong/prestigious fund? If you had a choice to start out on their grad scheme in PE or join one of the top 3 tier 1 BBs (GS/MS/JPM) or a top tier 1 EB such as Lazard/Evercore/Centerview etc.. who would you go for? If your ultimate goal is PE.
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Zombie fund, they really fucked up on their last fund and haven't been able to raise money since 2007 so they don't have any capital to invest (other than Guy Hands money). I would not advice anyone who has options to work there.
Go with the BBs
Do you have already an offer from Terra Firma for 2016 analyst class?
http://news.efinancialcareers.com/uk-en/271042/terra-firma-has-chopped-…
By doing so, I am going to dump my application. Biggest joke - what the fuck should I do with a home bought by Hands.
x
Why so?
dumb move by them
Be good to hear more thoughts on this, a guy from uni I know works there. Why is it such bad news? In London housing is forefront of every single persons mind, perhaps he is just tired of classic banking monkeys and wants something different?
True
Also, the headhunter working for their graduate recruitment is a joke
Terra Firma - European PE (Originally Posted: 01/09/2008)
I just wanted to know if anyone had an opinion on the firm? (recruiting, salary, bonuses)
They seem like large players in Europe however they haven't been mentioned once on the forum, any information would be appreciated.
I know this should be in the PE forum, but I thought I would get a better response here.
Anyone?
They are in deep doo-doo for recent activities.
Check business news for Norway- late 2007 and still on going. This will take a long time, if ever, to sort out.
Reputation in Euro has hit rock bottom.
yes?
https://www.wallstreetoasis.com/forums/thoughts-on-terra-firma
You're welcome.
Ahahahaha true! I remember she looked like she has just come out of her first accounting class in community college. Dumb and unprepared!
Do you think Terra Firma will be able to raise a new fund this year despite Four Seasons?
Its clear post banking this is not a place to go to since many years. There is however in my mind an argument whether a grad placement still makes sense just for 2-3 years given you don't really care about fund performance and you kind of learn the ropes on docs and structures.
If its top BB id say go with that. If its not I think there are arguments for both
Agree you do not care about the fund's performances at a junior level unless it starts firing people... They already got rid of the cash bonuses, halved the analysts' salaries so if they do not raise a new fund this year, laying off might be the next step...
If you are just an analyst one, without any deal experience because you were rotating in IR or Finance when they started laying off then you are in big trouble no....?
Just to add to that - I do know at least 2 people personally that did the grad scheme and moved quite quickly on to larger buyout players.. That is long past 07 e.g. more in 11/12. So it definitely did work but not sure whether it still does
I think it was okay at that time because everyone made mistakes in 2007 so people thought that they could bounce back after EMI. But now they have to deal with Four Seasons and are still struggling to raise a new fund...?
Saw people from this firm going into MFs. However, I would not join it anyway for the reasons mentioned in this topic
Interviewed there and got an offer a few years ago, so here are my thoughts: - Guy remains one of the smartest investors in the industry. He got burned with the EMI investment, but he has a real vision, is extremely demanding and will force to think outside the box all the time - There is a huge emphasis on training (e.g. CFA, etc.) of junior employees - At the junior level, it is less about closing deals, but more about developing technical and presentation skills... No doubt, TF is great place for that (see point 1) - They still have a very decent portfolio, so you will also get good exposure on the portfolio management side - I don't know if that's still the case, but all the employees had to do a secondment in one of the portfolio companies. Spending a few months in Australia understanding a cattle business or with Wyevale in the UK is awesome from a development perspective - Most senior people have pretty strong track-records in the PE and other spaces, and there is a fantastic opportunity (e.g. Justin King, former CEO of Sainbury) to learn from them - The exit opps used to and I guess are still very good. Other PE firms know that juniors get very well trained there
Admittedly, the culture is not the best one on the street, but from a learning perspective the training is definitely as good as in the very best mega funds.
If you have questions, feel free to drop me a PM.
Hope it helps. Camondo
Thank you for this!
Will PM you :)
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