RBC M&A vs Houlihan CF vs Guggenheim

gazguy's picture
Rank: Senior Chimp | banana points 22

Does anyone have an opinion on exit opps? All is Full-Time in NYC. Very interested in MM PE or HF or Growth Equity

Comments (10)

Aug 25, 2017

I'd take HL CF or Guggenheim over RBC M&A

Aug 25, 2017

Thanks - can you provide more reasoning?

Aug 25, 2017

HL CF (in NY, LA, or MN if RX) > Gugg >>> RBC

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Aug 25, 2017

Thanks - Why do you say so?

Aug 25, 2017

HL has a great name, especially in restructuring (arguably best on the street). NY is great for networking and the finance industry generally. Their HQ is in LA, and I believe some of their top RX guys sit in MN.

Guggenheim is new and has been lead left on some impressive deals (see: Discovery/Scripps, Bass Pro/Cabellas, pharma, telecom, etc.) due to high-quality seniors and their relationships, but sees <$100mm deals as well. An interesting mix, actually, just not a clean cut MM or EB.

RBC is a balance sheet. Do a quick Linkedin search of former employees and you will understand why I rank them low. Looks like I got monkey shit for putting them last on my comment above , but do your own research and please let me know if I'm wrong.

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Best Response
Aug 26, 2017

HL if you want to do RX. Otherwise it's a MM sweatshop for IB. If IB, pick Guggs. Last is RBC

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Aug 26, 2017

Have a couple friends doing IB at HL. Yes, they work a lot, but all of us do. Wouldn't say their hours are anything outside of ordinary. If OP's interests are in MM PE, I think HL is as good an option as Gugg - more established exits.

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Aug 26, 2017

Good points, although Gugg is clearly an EB. People grossly overestimate how many people Gugg actually has in its IB M&A business, I've seen people on WSO say anywhere between 1000-2300. That's absolutely absurd. I have friends there and it's no more than a couple hundred in IBD so with that size, the deals are very impressive

Plus, Gugg is growing its practice like crazy and it will certain be even better in a few years

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Aug 26, 2017

If HL isn't for RX / you don't like RX, it's a no-brainer for Guggenheim. HL is a MM bank, Guggenheim works on the biggest deals.

Also, the people on WSO are very misguided / short-sided about exits. Exits change over time and when you are actually recruiting, they will not be the same as today, especially for an up-and-coming EB like Guggenheim. If you actually Google the Guggenheim analysts on LinkedIn, I would say they already place well into MM PE.

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Aug 26, 2017
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