Jefferies CLT and Guggenheim ATL
Currently at an EB in NYC but I've been thinking about moving back down South for personal reasons. If I understand correctly, Jefferies CLT includes ADG, Consumer, REGAL, TES, and Guggenheim ATL is MM and is focused on business and IT services. I've had the opportunity to speak to a contact at Jefferies who seems like a really chill guy but other than that I don't know much about these two offices. Can anyone on this forum offer some insights to deal flow and culture at these offices?
Not the most familiar, but I can offer a bit on what I know. Guggenheim ATL is relatively new and was created after they poached some MDs from STRH. Deal flow is solid, but is almost exclusively in MM. Can't speak too much about culture there but I've encountered a couple of analysts there and the people are definitely a bit nerdier and reserved than I thought they'd be compared to the "frattier" and "more Southern" people I met at HL ATL, which is arguably the closest competitor against Guggenheim ATL and shares similar roots (MD also came from STRH).
Don't know how the culture is at Jefferies CLT, but based on what I know their TES and ADG groups are very good. Deal flow in TES is mainly MM, and their ADG group also gets on a decent number of mid-cap mandates that I know of (KKR/Atlantic Aviation, Leidos/Dynetics, Aspirational Consumer Lifestyle/Wheels Up, Apollo/Constellis).
I’m pretty sure that the lead Md came from Raymond James tech services. William Blair Atlanta was started when they poached two tech mds from strh.
This is correct.
Do you work for Gugg in Atl?
No, Chicago.
In their MM practice? How do you like it? Is pay as high as regular Guggenheim?
Yes, like it a lot. Fast growing group, which gives it an entrepreneurial vibe. Comp is the exact same.
Also, the MM group is really not viewed any differently internally than any other group. We do a good amount of cross work with other groups in NYC. It’s not like Lazard / Lazard MM where there’s a distinct bifurcation. It’s truly seen as one platform.
Can't offer too much insight, but I'm currently at a NY EB, and the JEF ADG team was on the opposite side of one of the transactions I worked on. The people in the group definitely came off as very bright, polished, and amiable, and were a pleasure to interact with. Don't know if that translates into culture, but I definitely have a pretty high regard of them after that experience.
Have a friend at Gugg ATL. Seems like the middle markets platform they're building is something seriously special. Great culture, tight-knit team, seriously no assholes. The MD in charge is hilarious too
How are the hours?
Jefferies Richmond is also supposedly really strong. Logistics and Transportations group that makes a killing and has a strong culture.
Anything else you can add to this? Been hearing slivers of information here and there and it’s all been generally positive. Who are the group heads? What have you heard about culture, hours, dealflow?
Hugh Rabb and Keith Prusek, you can find them and deal announcements on LinkedIn. Good culture, fewer hours than HW and some of the boutiques but still not 40 hrs. They are about 15 min outside the city.
Jefferies TES seems like a great group from the 6 guys I’ve talked to. Group heads came over from WF a few years back and have a no asshole policy. Deal flow is solid with ~20 deals in last 20 months I believe, but naturally going to lead to longer hours. Informed the group is trying to automate processes to make juniors lives easier, and they emphasize the importance of social acumen not just being able to crank slides and models. Additionally, I was told Analysts get to travel to MP’s and are out of the office more than other groups on the street. Can’t comment on other groups but TES seems like the real deal with NYC type comp too.
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