Comments (66)

Jun 19, 2020

Centerview - Consumer / Healthcare

Most of the EBs have pretty strong Healthcare groups (e.g., EVR / LAZ). I'd be hard pressed to say that Centerview isn't #1 in Consumer though.

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Jun 19, 2020

Centerview is definitely #1 in healthcare lately, at least in biopharma.

Jun 19, 2020

Definitely don't disagree.

Would also add that Lazard probably has the strongest FIG franchise among the EBs.

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  • Principal in PE - LBOs
Jun 19, 2020

PJT owned gaming last year with Caesars/El Dorado and several MGM deals (Bellagio/BX)

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Jun 19, 2020

EVR has pretty strong TMT and HC teams. LAZ and Moelis have very strong RX teams.

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  • Incoming Analyst in IB - Gen
Jun 19, 2020

I heard Moelis LA is good for media and consumer. PJT is also pretty good for RX

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  • Intern in IB-M&A
Jun 19, 2020

Moelis LA - Media / Entertainment

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  • Intern in IB - Ind
Jun 19, 2020

What's the strongest EB for energy?

Jun 19, 2020

Heard good things about lazard and evercore, correct me if I'm wrong

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Jun 19, 2020

Evercore, and while Jefferies likely isn't considered an EB by most, they crush it in Houston.

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  • Analyst 2 in IB-M&A
Jun 19, 2020

The strongest bank for energy is Jefferies period. Doesn't matter how you want to categorize it

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  • Analyst 2 in IB-M&A
Jun 19, 2020

lol if you don't suck Evercore's dick, the firm's interns / analysts downvote you like crazy. Great job of policing this forum guys
Sorry Jefferies has a better energy practice than you

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Jun 19, 2020

Why are you mad, did you just find the bonus clawback clause in your contract?

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  • Analyst 2 in IB-M&A
Jun 19, 2020

Are you mad you're still a prospect asking about UBS?

Funniest
  • Incoming Analyst in IB - Gen
Jun 19, 2020

leave ubs alone bro

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Jun 20, 2020

Hmm do you think they are still strong right now? I agree that in the past they've killed it but it seems to me they're more of M&A shop and don't do too much restructuring, which is what evercore and TPH is loaded with

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  • Intern in IB-M&A
Jun 19, 2020

Evercore, Jefferies (not exactly EB but very strong practice), TPH

Jun 19, 2020

Healthcare would probably be CVP and then Lazard and Evercore. I don't know too much about Moelis or PJT having a huge presence in the space, but I could be wrong. Guggenheim has been fairly strong as well. Evercore probably has the highest quality biopharma ER team.

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  • Incoming Analyst in IB - Gen
Jun 19, 2020

I mean, I dont think any other EB has something comparable to Evercore ISI, right?

Jun 19, 2020

sorry for the confusion, i just meant like in general.

Jun 19, 2020

PJT was on allergan abbvie no?

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Jun 19, 2020

yeah they were which is obviously great but thats just one deal. theyre admittedly the ones i know the least about.

  • Associate 2 in IB - Gen
Jun 20, 2020

Also on Pfizer / Mylan and GSK / Tesaro. They took Goldman's head of pharma last year, I think.

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  • Prospect in HF - Macro
Jun 19, 2020

Out of the NY teams, which has the strongest media team? Is it PJT?
I feel like Moelis's media and entertainment is run out of LA?

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  • Business School in IB - Gen
Jun 19, 2020

Yeah would agree with this. Paul Taubman was a media banker, after all

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  • Intern in IB-M&A
Jun 19, 2020

gugg has strong telecom tower franchise as well as med tech

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  • Incoming Analyst in IB - Gen
Jun 19, 2020

When people ask this question, do they plan on then recruiting only for those specific groups? Or is it just curiosity? When i went through recruiting I just applied to every EB

  • Intern in IB - Gen
Jun 19, 2020

Yeah, I don't understand this forum. 90% of the people I know apply everywhere and just accept the first BB or EB offer they get, especially now with timelines being all over the place.

  • Incoming Analyst in IB-M&A
Jun 19, 2020

This is very true. If you have the sack to hold out on an offer from a top BB or EB in hopes of landing something later on you must be Jeffrey Skilling's bastard son or something. Nerves of steele baby.

  • Intern in IB - Gen
Jun 19, 2020

wb pwp?

  • Incoming Analyst in IB - Gen
Jun 19, 2020

i heard they had great cheesecake

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  • Intern in IB-M&A
Jun 20, 2020

Industrials

  • Analyst 2 in IB-M&A
Jun 19, 2020

Which of the EBs has the strongest RE group? Is it PJT/Lazard?

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  • Works at Bank of America Merrill Lynch
Jun 20, 2020

bump

Jun 20, 2020

I'd also like to know about EB RE groups

  • VP in IB-M&A
Jun 21, 2020

The real estate industry (i'm leaving gaming aside) is unique in that most of the M&A activity is asset-level deals (i.e. acquiring a building or a portfolio of assets) where a financial advisor may not be needed, and there isn't as much corporate-level M&A (vs. other industries). The industry is also fairly consolidated and there aren't that many large deals (e.g. $5bn+). In terms of banking activity, there is much more capital raising than M&A.

As a result, none of the EBs are particularly "strong" in real estate because they dont have balance sheets and dont lend. The BBs like BAML, JPM, GS, MS Citi etc. are much more active and typically handle the M&A trades as well. Some EBs pop-up from time to time (e.g. Lazard on Simon/Taubman) but they aren't market leaders by any means

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Jun 21, 2020

awesome thanks. how do you think you would rank the BBs you mentioned?

also does eastdil compare to EBs or they are closer to brokers (JLL etc)?

  • Incoming Analyst in IB-M&A
Jun 19, 2020

Can't forget about Qatalyst holding down tech M&A like the Alamo out in SF. EVR's tech group located on Sand Hill is also very strong.

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Most Helpful
Jun 19, 2020

Qatalyst's transactions page is like the list of marquee tech deals. Hell, I've checked their list to make sure I haven't missed anything major in transaction comps before.

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  • Intern in IB - Ind
Jun 19, 2020

yup, their website is almost a daily visit for me to make sure I am aware of any big tech deals that may have been announced.

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Jun 26, 2020

Jeez, just checked their transaction history. I'm surprised they're not talked about a lot. MDs there are probably killing it in on fees.

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Jun 20, 2020

Guggenheim Media is probably up there

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  • Prospect in IB-M&A
Jun 21, 2020

What about for FIG?

Jun 21, 2020

FIG I guess would be the legacy KBW or Sandler O'Neill teams. I suppose not considered EBs, but none of the true EBs do much at all in FIG that I'm aware of.

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  • Associate 1 in IB-M&A
Jun 23, 2020

Off the top of my head, usually the big FIG deals do have independents, with the massive exception of the Truist meger (RBC baby!)

Evercore: Refinitiv/LSE
PJT: TD Ameritrade/Schwab, Legg Mason

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  • Principal in PE - LBOs
Jun 21, 2020

All_Day028 above has a couple examples

  • Intern in IB-M&A
Jun 21, 2020

How is CVP's RX?

Jun 21, 2020

It is ok. More creditor side work, and generally not where people at CVP (at analyst associate level) want to work. All ex Miller Buckfire at the senior level. Definitely a notch below PJT, Lazard, Evercore and Moelis

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  • Intern in IB-M&A
Jun 21, 2020

What about M&A?

  • Analyst 1 in IB-M&A
  •  Jun 21, 2020

CVP - HC

Jun 23, 2020

Rothschild has solid industrials / consumer too. Strong RX but pretty much every EB has a really strong RX (EVR / LAZ / PJT / PWP).

PWP strong in healthcare / industrials.

Greenhill strong in consumer, energy.

Centerview strong in healthcare, consumer, TMT (everyone has already echoed this).

Moelis strong in industrials, TMT, REGLL.

Evercore strong in tech, healthcare, FIG.

Lazard strong in healthcare, tech, power/infra, FIG, industrials.

PJT I don't really know what sectors they excel in, but probably strongest RX group.

Source: been compiling tally count of all deals advised on via Term Sheet/Axios Pro Rata for the last couple years.

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Jun 23, 2020

Greenhill and energy?

  • Intern in IB-M&A
Jun 26, 2020

Roth Rx is definitely a notch below the other EBs. Greenhill literally took it entire Rx senior team

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Jun 23, 2020

Moelis and Jeffries have great HC groups

Jun 25, 2020

LionTree for TMT and Ducera for restructuring. Surprised neither of these were already mentioned.

Array

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  • Incoming Analyst in IB - Gen
Jun 25, 2020

Because this thread is specifically about EBs, not all boutiques

Jun 25, 2020
Comment

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  • Analyst 1 in IB-M&A
Jun 26, 2020
  • Intern in IB-M&A
Jun 26, 2020