Non-Bulge Bracket Tech Groups
Hey WSO community,
I've done a few searches already and want to know how the tech groups stack up outside of the BB level. I'm not asking for a formal "ranking" because I know everyone hates those, but which of the "Elite Boutique" players have the most reputable tech practices? I know Qatalyst obviously kills it, but how do Greenhill/Moelis/Lazard/Evercore/Blackstone/Parella/etc. stack up? Who else is worth paying attention to? (Savvian, Sagent, etc.)
Perhaps my inquiry is most easily remedied via league tables. Can someone please post activity for Tech M&A?
GCA Savvian has a great tech group and manages to get in on a good number of tech-related deals. They have enough tech deals that even non-SF offices used to work on some tech-related stuff.
As for Moelis, everyone is generalist, so there's no specific 'tech group', but I don't know how they perform as a whole in the tech space.
Qatalyst is obvious the #1
Lazard Tech M&A does quite well, does a lot MM deals Greenhill I believe did a pretty large tech deal a while back..not sure how they are doing now Evercore is building up its NYC Tech presence, SF based on what I know do not do much Blackstone Boston does pretty well, Menlo just sucks Perella almost did the Seagate LBO, but not much of a player so far Savvian does very well in the IDM space, arguably better than a lot banks on IDM MM space Sagent does very well in IT and Outsourcing, IDM comes next, Software presence isn't that great
To sum up, my order is as follows, Qatalyst, Lazard, Grennhill = Savvian = Sagent = Perella, Evercore = Blackstone
Then again, if you get into one of these shops you will be in a pretty good position to move forward given it's pure M&A (private placement) focus
Ricqles, thanks so much man. This was very helpful.
I actually did interview at a couple of these places, but I definitely need to stay motivated, haha.
I know this goes completely against the title of the thread, but where do you think the BBs play into this? Are most tucked in between Qatalyst and Lazard?
Thanks again!
I don't think I've seen Moelis in the tech space at all. Otherwise, I'll buy Ricqles' assessment above more or less.
Would also be highly interested in seeing league tables if someone has access them and/or can tell me how to do so myself. Thanks.
Yeah, I'd like to reiterate the league table request as well! Will pay in SBs!
Ricqles' got it right. BX Menlo is very small. Laz SF is a pretty good shop.
If your ever deciding between these places, a lot of weight should be put on what you want to do afterward. Lots of analysts in tech groups aren't necessarily trying to go to Silver Lake or TPG.
To your knowledge, where do the analysts try to go? Is it just a preference for VC or Growth Equity instead of PE? or a lesser desire for the buyside altogether?
Breaking into VC is very tough. Some people who do more coverage/less M&A try to get to a Disney, Microsoft, Sony, etc
You'll also have your occasional kid that wants to get into the start-up scene. This tends to be more rare, but it does happen.
a lot tech guys go to growth equity due to life style and the involvement you have in the companies.
VC is generally extremely tough to break into unless you have an operational (industry) background.
As far as league table goes...I think I saw something from 451 that allows the clients to download the tech M&A league table. But my rankings up there pretty much summed it up.
Sorry to bring this back, but can anyone comment on Centerview SF?
I saw someone refer to them as a dream group in this thread: http://www.wallstreetoasis.com/forums/if-you-can-be-an-analyst-at-any-i…
Thanks in advance...
They focus on healthcare in SF based on my knowledge. I think they opened up an office in LA since they grabbed the former UBS LA guy. Dont quote me on it though
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