BAML - Tech - Palo Alto
Any info on this group? There is some outdated stuff that comes up through search but wondering if anyone has any updated info. Primarily interested in deal flow, culture, people, reputation, etc. I know they have a tech M&A group out of that office as well but do they execute any of their own M&A within the coverage group or is it primarily equity + pitching?
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I can't be of a lot of help, but I have a couple of friends in this group (analysts) and they love the culture. Deal flow seems solid.
Have you heard anything about the Tech M&A group at all?
they run pretty lean and mostly focus on deal execution. seems like it would be a good group to get into.
Talking to one of the M&A VPs, I got the impression that the coverage group pretty much stayed out of M&A execution...no comment on the deals (haven't heard of them being on anything major though)
They were joint - advisors on the INFA take private.
Sale of iGate to Capgemini for $5bn.
few other $bn deals in 2015.
Not one of the top, top players in tech but still a very solid group. People I know there seem happy and the deal flow seems good, esp. in software. Interesting note would be the intra-group split between tech M&A and tech coverage (either a pro or a con depending on what you're looking for).
My friend worked in the tech M&A group as an analyst several years ago. The tech M&A group does all execution of M&A deals (from due diligence to negotiations to legal). The coverage group is responsible for equity and debt financings. The coverage group had a bout ~30 to 40 people at the time and suffered significant layoffs a few years back. Overall, the coverage group bankers were much more happy and pleasant to work with than the M&A bankers. Pay was good and matched the street at the junior level. Hours were pretty brutal for analysts and associates in both the M&A and coverage groups. Most associates would come into the office on Saturdays/Sundays. Lots of internal promotion. Almost every associate was promoted to VP after 3.5 years.
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BoA/ML M&A in Palo Alto opinions (Originally Posted: 11/05/2009)
Any opinions on the M&A group of Merrill Lynch in Palo Alto? I'm interested in Palo Alto b/c of its tech focus. It seems like a pretty small office, so I was wondering how good the deal flow is and how much exposure they have to good tech deals. Any thoughts are appreciated, thanks!
the entire office is pretty sizeable... around 15 in the Tech M&A there and 40-50 at palo alto (M&A + coverage)
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