How much time have you spent with the Evercore group? I ask because I've grabbed food with some Evercore ppl a few times (some from RX, some not) and I wouldn't describe them as uptight. My experience could be different because it's an informal setting but I didnt get an uptight vibe from those guys. You seem to really like the Barclays people a lot but from what I've read, Evercore is a more solid RX shop. When in doubt, I'd say go with the people you like more.

 

Can you please tell where you would place Duff and Phelps RX? They have been involved in a couple of big transactions including Lehman (as bankruptcy examiner's advisor) and Delphi. Also they seem to have acquired good RX companies in US and UK. In totality, they have grown a lot in last one decade in terms of revenue and global expansion. Any thoughts?

 
Best Response

Not sure why you care so much about distressed lending. The restructuring bankers (Evercore) still play a very active role in negotiating the DIP - and the work is actually interesting as opposed to box checking.

IMO this is kind of like being the lead advisor on an LBO at (insert elite boutique) and saying "damn, I wish I could be at Wells Fargo underwriting the term loans for this deal"

 

Saw in a recent article that the company likes to hire top-tier established dealmakers....any insight into how the culture is for the VP's/younger MDs at the company? Is there room for them to grow or do they level out with the hirings of these rainmakers?

 

No real idea. I've seen some acquaintances get promoted to MD, but they were superstars. Besides that tbh if you're at that level you may want to reach out to your network instead of asking on wso.

I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing. See my Blog & AMA
 

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