IB's in Minneapolis?
Looking to identify some more IB's in MPLS, and what they do. Right now I am aware of CH, PJ, Lazard, and TripleTree.
Cheers.
Looking to identify some more IB's in MPLS, and what they do. Right now I am aware of CH, PJ, Lazard, and TripleTree.
Cheers.
+161 | How to stop feeling like shit for not making it in IB? | 58 | 1h | |
+117 | If Tik Tok is forced to sell, what banks do you think would be involved in the deal? | 59 | 1s | |
+83 | Updated LA Banking Scene (2024) | 60 | 55m | |
+39 | Ranking banks that went under | 22 | 13m | |
+37 | Burnt Out M&A ASO | 19 | 2s | |
+35 | Relevance of A-Levels for U.K. London recruiting | 24 | 1h | |
+32 | A strategy for SA applicants late to the game like myself | 15 | 22h | |
+27 | Series 79 Help / Tips to Pass The First Attempt | 11 | 2d | |
+27 | Intern Ettiquette | 4 | 1d | |
+23 | What are hours like at BBs in London? | 47 | 1d |
Career Resources
Houlihan Lokey has an office there. See thread below for more info.
https://www.wallstreetoasis.com/forums/investment-banking-in-minneapolis
Piper, Lazard MM, Houlihan, Harris Wiliams are the top shops in Minneapolis.
Then there's also BMO, TripleTree, Hennepin Partners, Craig Hallum (would avoid now).
Bunch of smaller shops / offices such as Cascadia, Dougherty, Cherry Tree, Prestwick, etc.
What's wrong with Craig Hallum?
Entire M&A team basically left to form Hennepin Partners w/ Quetico Partners.
To add here:
Don't think Dougherty has done an M&A deal in a long time.
There are a few others like Madeira (sells small shit businesses for 4-5x, but decent volume), Freeland Briese that are doing $2-5mm EBITDA (typically lower multiple) deals. There was that guy that used to be at Imperial Capital, a consumer guy that I think is still doing banking somewhere.
BMO is always hiring and will likely lose most of its senior team after lock-ups end later this summer/fall.
Is BMO weaker over there?
I second this, there are a lot of smaller shops in the area.
Duff & Phelps seems to have a small team in Minneapolis too.
Two guys trying to do healthcare (mostly med tech/med device) deals. They've been slow. One of the MDs is a decent HC guy from the former GHF, the other guy is somewhat unknown.
Bank of America recently posted this position for an MD in Minneapolis: http://careers.bankofamerica.com/job-detail/18047248/global/us/managing…
Anyone have any knowledge or thoughts on this since BAC hasn't had an IB presence in MN prior to this (or at least to my knowledge they haven't).
Maybe they're expanding geographically or am I totally off the mark with this?
BAML is pushing to have more VP and up in regional IB. It is not a full blown office. They are trying to compete for deals that's north of $200MM by leveraging their MM and corporate bankers. Doesn't apply to analyst and associate. All analyst / associate are place out of NYC, SF, CTL, LA, HTX, CHI.
Thanks for the clarity, I figured that might be the case but I wasn't sure.
When things are competitive, you see the large balance sheet banks try to win mid-market deals and advisory fees with half-hearted MM IB attempts. I discussed this in another thread, but these banks (specifically referring to BAML, WF, JP - less extent) are just trying to piggy back off good relationships that their corporate and commercial bankers have with middle market companies and steal advisory fees for warm-leads and non-pitched deals in the $200-$500mm range (maybe a bit wider than this).
They are not going to win a bake off process against any decent MM and certainly not against any EBs. But, if they can get a couple of deals per year across the country, that's an extra $5-10mm+ in advisory fees, plus some tombstones.
Consectetur quas corporis blanditiis ut quia. Expedita reiciendis debitis culpa dolores. Numquam in quibusdam perferendis. Harum sint dicta iusto suscipit. Incidunt qui alias saepe aspernatur recusandae culpa exercitationem. Exercitationem ipsum in possimus ut amet sapiente.
Iste explicabo qui est consequatur fugiat quibusdam. Totam ut quas et et aut. Sit aut qui quia repudiandae blanditiis omnis. Voluptatum quia repudiandae cumque dicta temporibus hic soluta.
Sequi dicta rerum consequatur ullam velit quae voluptate. Vel id qui in sit debitis non. Incidunt eos natus autem et. Officia distinctio mollitia mollitia quibusdam fuga. Cupiditate recusandae aut cupiditate eum. Est enim minima qui quas eos.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...