I know there are literally dozens of posts comparing one bank to another, but I wanted to hear the current comparisons between these two in particular. I've heard that Jefferies is known for their Healthcare and Energy groups, while HL has one of the best RX groups on the street, but how are their respective M&A groups? Solid deal flow? Lot of exits to PE? If so, are MF exits realistic? Any insight would be appreciated!
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Can't speak to either's M&A group with full confidence, but Jefferies best groups are Healthcare, Energy, and LevFin. HL RX definitely one of the best, if not the best, on the street. Assuming HL exits to distressed debt firms are great. What I can say definitively is that Jefferies recently had at least 3 exits to BX Energy.
So they left oil and gas at Jeffries to join an Apollo portfolio company? Forgive me if I’m wrong not familiar with this company and only thing a Google search showed me
I think he meant Blackstone's energy private equity group
JEF M&A >> any HL coverage group (non-RX)
JEF M&A recent exits include Blackstone, GI Partners, TPG. If you are not interested in restructuring, take the JEF offer. If you are interested in distressed exits then take HL RX if you have an offer.
Did my SA at HL (M&A coverage group) and recruited FT to an EB for some context.
JEF M&A >>>> HL M&A. HL M&A is the volume shop. They do a lot of deals, but most of the deals they do aren't that big, and quite a lot are on the lower MM side. In terms of the deals done, there's a huge difference between HL and JEF. At my current EB I see JEF competing against us quite often, and I rarely see HL. In terms of exit opps, JEF M&A is much better than HL M&A as well. HL's name and reputations for PE placement really is almost completely propped up by HL RX, and HL M&A is nowhere as well regarded among PE firms as JEF. Also, with the exception of some offices (heard great things about HL ATL and a couple groups in LA), HL seniors aren't very supportive of PE recruiting before your AN years are up. On the other hand, JEF M&A's placement is getting up there with some low to mid tier BBs (I personally know of a couple of MF and quite a handful of UMM placements from JEF M&A).
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