SVB Leerink - More M&A Deals = Better Exit Ops?
I've pretty much established that I'd like to do healthcare IB after a stint at a boutique, so just wanted to see what people think of Leerink's exit ops into PE/GE. I know before they were pretty much ECM deals with M&A scattered around. But saw that they did the Dicerna sale to Novo Nordisk, Xeris Biopharma, BioIQ etc. So looks like more M&A deals recently while keeping up the ECM volume.
Would you be able to exit to MM/UMM HC PE/GE? Believe there are a couple threads on their reputation, but not much on the above. Thanks!
What part of Healthcare do you want to work in?
I'd make a strong argument Jeff HC is best for anyone looking for HC services PE/GE (a lot of LBO experience, HC service companies trying to grow fast).
If you're talking about life sciences exits to VC/HF, yeah - I'd agree SVB Leerink is up there.
HCIT - variable since a lot of PE deal flow are tech PE/GE (Veritas for example does a lot in healthcare IT, seen a MTS Health Partners analyst exit there).
Definitely makes sense, thank you! HC Services is probably more in line with what I can do since I'm assuming VC/HF stuff for Life Sciences requires PHDs and MDs? But do you think if I ended up at Leerink and got mainly Biotech/Biopharma M&A deals I could still break into PE/GE? Or would it be impossible.
Not always. I've seen science undergrad backgrounds (without a MD/PhD) succeed in landing HF healthcare roles. But they went to HYSP or GSB/HBS types of grad school. Far harder to get into life science buyside IMO than HC services.
I'd agree with this. Biopharma M&A isn't relevant for traditional PE, you could maybe LBO a spec pharma or generic company but not very common.
Leerink sends a lot of their guys to growth equity/HFs, the ECM work suffices for people in biopharma so long as they get an understanding of the science.
I'll also second that Jefferies has a good services team and exit ops. The services exits at Leerink should be good given they brought over much of Citi and Guggenheims team.
Makes sense, will definitely look into Jefferies as well. Thanks!
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Saw they were on a 3.3 billion merger today. Crazy growth
Oh wow just saw this too. Good for them!
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