Citi TMT Team --Deal Flow?

Guys, anyone has any idea on how strong is Citi's TMT franchise in NY/SF/Palo Alto wherever it is based. I know they hired Union Square Advisors' founder last year, but hoping to get the view on current deal flow there?

thanks a lot!

Comments (15)

Feb 12, 2012

Citi splits TMT into Tech and Communications. They lost a lot of the tech team to BX a few years back, but they are rebuilding. Communications has been strong historically, but am not sure how they have been doing in the past year or two. No clue about satellite offices.

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Feb 12, 2012

I interviewed with the group in Palo Alto, including the guy from Union Square Advisors you mentioned. From the research I did and in talking with others it sounded like they were in on most the big internet deals like linkedin, pandora, etc, but all co-managing. A VP at one of the stronger tech groups I talked with said as an analyst it would be better to work on small deals at a botique/MM than to be on the bigger deals and get the BB brand name but have an insignificant role...

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Feb 12, 2012
Goodwill_Gorilla:

I interviewed with the group in Palo Alto, including the guy from Union Square Advisors you mentioned. From the research I did and in talking with others it sounded like they were in on most the big internet deals like linkedin, pandora, etc, but all co-managing. A VP at one of the stronger tech groups I talked with said as an analyst it would be better to work on small deals at a botique/MM than to be on the bigger deals and get the BB brand name but have an insignificant role...

thanks man, any idea on how citi technology stacks up in terms of m&a?

Feb 12, 2012

I was focused on getting tech so I interviewed with a number of the groups in Menlo Park/Palo Alto. What I took away from it was that in terms of tech m&a I don't think citi stacks up all that well relative to a lot of the other groups out there. They're competing with GS, MS, BAML, JP... not to mention some of the boutiques like Qatalyst Partners who are killing. I'm not dogging on the group, but that is just the feeling I got.

With that being said, I probably wouldn't worry about it until after you get an offer from them. If you have an offer and have to make a decision between them and someone else, that's when you dig a little deeper. If it's between Citi tech and some less known MM, you'd have to make the call whether having the Citi name as a starting point on the resi is better than no-name but good experience. That's a whole new topic though.

Feb 13, 2012

T and MT are split between tech and communications groups. Not sure about west coast offices (I think they did Zillow IPO) but in NYC Media & Telecom is supposed to be very good but the separate Tech group isn't that great...

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Feb 13, 2012

Citi comms is a strong group that is fairly selective in picking their summers. Citi tech doesn't really have a significant NYC presence if I recall correctly and does not seem like a strong group in terms of deal flow.

Feb 12, 2012

I will say that I heard the NYC tech group has a good culture as of 1-2 years ago. I think their deal flow is picking up, and that they've benefited from the recent tech mini-boom.

Feb 12, 2012

thanks guy! that's also how i feel. i know the citi communications group is fairly strong but felt the tech lacked some power. im sure the deal flow will pick up now with these recent hires, but it sure will take sometime to match up to the other big guys.

Feb 13, 2012

i can comment on the fact that tech team is pretty bad in palo, not sure about M and T

Dec 6, 2012

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Feb 19, 2012

Citi is currently in Palo Alto but they are moving to SF within the year.

I interviewed with the Technology group and was not impressed. The group is composed of your typical math geeks who can crunch numbers like no tomorrow but no social skills. Perhaps this will change and maybe they can attract some better talent when they move to the actual city.

I declined their offer.

Dec 6, 2012

What products do tech teams normally deal with? HY? Equity offerings? M&A? Traditional advisory (ex. takeover defense)? Or really an even mix of them all?

Feb 12, 2012

from the looks of it, seems like a team to avoid at Citi!

Feb 19, 2012

What's stronger. Citi or BAML

Dec 6, 2012
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