Hi guys,
I did some research on the forum, but couldn't find anything recent and/or relevant about the TMT group at Barclays in Menlo Park.
Does anyone have some insight on the group? I know they are ex-Lehman (correct me if I'm wrong), but I'm mostly interested in what people are like and if dealflow is good. Please add anything else you might think is relevant.
Thanks a lot!
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haven't heard good things about these guys, or about barcap tmt in general tbh.
TMT in NYC is top notch. Not sure about Menlo Park's...
The culture in New York is also a lot worse than some of the other groups at Barcap too...
also interested to hear about Barclays' NY TMT group
NY TMT is good; they've been very active this year. Culture, however definitely lacks as they've lost senior and junior bankers. Possibly considering the saturday policy, which has been instituted by the healthcare group.
I know people there and they do a lot of semiconductor type deals, heard dealflow wasn't great but heard the hours are very good!
No you aren't
Goldman, MS, JPM, and CS all have much better teams. Qatalyst obviously is phenomenal, though they're not doing IPOs. Not sure where DB, UBS, BAML, and Citi fit in. So there are at minimum five other places you'd rather do tech IB.
Not sure about the M&T aspects of DB/UBS/BAML/C, but I know their tech practices aren't particularly well regarded.
But GS, JP, MS, CS, Qatalyst, Lazard, Evercore, and maybe even Guggenheim are just better at tech.
Thanks so much guys, really appreciate all the insight!
What are some of the deals (let's say past 3 years) this office were a part of?
It seemed to me like they worked on the Dell deal, Activision-Vivendi, and buyout of BMC Software
Qatalyst did all the advisory work for BMC. BarCap only worked on the financing side of the deal; got 'advisory' credit to sweeten the deal.
They had pretty insignificant roles on all three.
Dell: CS was lead buy-side advisor, BAML led financing. BMC: Qatalyst was lead buy-side advisor, MS was lead sell-side, CS led financing Vivendi-Activision: JPM was lead buy-side advisor, GS was lead sell-side advisor
what are the exit opps like?
Not sure about how "good" Barcap TMT is, but the Menlo Park group placed almost all of its analysts on the buyside last year. They got more people to the buyside than MS Menlo (although this doesn't account for the quality of the offers). Barcap TMT is a good spot to go to if you want high probability buyside conversion and your other options are stuff like Citi tech, DB west coast. DB Boston tech produced at least one really solid analyst from last year's class.
Barclays Media and Communications group on the east coast is a top notch group. Placed quite a few Analysts in the buyside and they just won the Comcast - TWC deal over the group lead by Goldman and Merrill Lynch
Barclays TMT Menlo Park (Originally Posted: 01/29/2014)
Could anyone please give me some color on Barclay's TMT group in Menlo Park? Things I'd love to hear about - exit opps, group size, deal flow, culture/hours, recent transactions, outlook, etc.
If you don't want to post on here then please PM me.
Thanks!
It looks like this thread is only a couple months old and would be a good place to start: //www.wallstreetoasis.com/forums/barclays-tmt-menlo-park
Met the group about a month ago while networking. The people are really laid back and everyone seems to really enjoy their situation. I got the impression that the hours were slightly better than NY, but banking is banking and any differences will likely be marginal. Barclays had a strong year in the tech space. I don't recall any specific deals but they were ~5th in the league tables. I don't have much info on the exit opps front, but I imagine that VC would be a strong option, especially because they are located in Menlo Park.
Lot of pitch work in the Menlo office.
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