Insight on Edgemont

I'm very interested in healthcare investment banking and came across Edgemont as a boutique that works in this space. Couldn't find a lot of info from other threads. Does anyone have any insight on this firm in terms of deal flow, how strong their healthcare practice is compared to other firms, and typical comp?

Comments (27)

 
  • Prospect in IB-M&A
Aug 18, 2020 - 3:05pm

If you wouldn't mind, what went wrong and also were the interviews mainly fit based or questions on healthcare industry in general and technicals?

 
  • Prospect in IB-M&A
Aug 18, 2020 - 3:11pm

They rescinded incoming analyst offers in April. Deal flow was okay pre Covid (not sure how things are now). Comp is below street.

 
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  • Analyst 3+ in IB - Ind
Aug 18, 2020 - 5:16pm

Have a friend there. They laid off like 1/2 the firm this summer and even before that deal flow seemed weak and the deals are pretty small. Friend also has gotten 0 interest from recruiters despite having a pretty solid background.

Comp is significantly below street as well.

 
Sep 25, 2020 - 2:29pm

if they laid off half their firm this year, why are they continuing to hire people for FT 2021 right now? Trying to understand more about edgemont Partners and what I am really getting into

 
  • Analyst 1 in IB - Ind
Aug 18, 2020 - 6:14pm

Went through their FT process last year and can confirm what others have already said. Fratty culture, below street comp (no signing bonus). Deals are mostly LMM. Questions I got during the interview were all pretty surface level. Overall a pretty disorganized process that I didn't really enjoy. Definitely better boutiques to work for in the healthcare space.

 
  • Analyst 1 in IB - Ind
Sep 30, 2020 - 11:53pm

Mostly fit, technicals were pretty light. Seemed like most of the interviewers were just coming up with questions on the fly. Only specific tip I could give is know "why [insert healthcare verticals they cover]." 

 
  • Analyst 1 in IB-M&A
Aug 19, 2020 - 11:23pm

Had a couple friends interview with them last cycle and the stories they had from the interviews were the most unprofessional things I've ever heard. Pathetic stuff, no surprise to hear about big lay offs and skimping bonuses.

 
Sep 30, 2020 - 4:29pm

I have not heard particularly great things about them, being on a middle market healthcare team myself (geared towards pharma). I have also not heard bad things, but whenever I hear about them on pitches with us or basically all of the banks that analyst mentioned above (with the exception of ferghana, aquilo, and zeigler who I know do pretty good work but just haven't seen too much) are blowing them out on pitches and winning mandates. This isn't particularly good news. Those banks are definitely their comps, and I can't really think of reason why Edgemont is better than any of them, especially the top 6 or any of the larger MMs that compete in the space as well. Not to shit on Edgemont, as I dont know them well, but this is how I would look at it from my POV.

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