TAP Advisors: boutique - more info?
Anyone know anything about them? Boutique with mostly ex-UBS senior bankers.
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bump
i've heard that they are a boutique with mostly ex-UBS senior bankers
I would like to learn more about them as well.
can confirm they are ex-ubs. pretty decent deal flow as of last year
I see they adivsed T-Mobile last year on the sale of some of their assets. Also looks like they are advising AT&T right now as well. Senior guys have some impressive backgrounds in the TMT space. These guys are interviewing at my school in a few weeks. Any idea on culture/exit opps? More interested in the exit opps since it is a smaller firm. Thanks!
Don't know too much about the firm, had a modeling test for summer internship this year but I screwed it up.
Bump
Strong TMT shop in New York started by ex-UBS bankers. Emphasis on telecom deals and growing very quickly. Opened a London office in January.
Hi Dasani, I've got a modeling test with TAP as part of R2. Can you pls share what specific models that they tested on? 3 statement, DCF, LBO?
TAP Advisors Interview (Originally Posted: 08/10/2014)
Has anyone heard of TAP Advisors? Have a interview with them next week and wanted to see if they were a good boutique in terms of deal experience and exit ops? They look like they have done some good deals in the telecom sector.
Bump... Who are these guys?
TAP is a place where you go to die. Literally. If you want 0 experience closing deals this is your place. I highly recommend the opportunity if you plan on starting your own firm. You will be able to see the many ways that deals fall apart. Real life experience at its finest. Incompetent middle management and senior management makes this a prime place to waste a few years of your life.
You will definitely get good experience working very hard for no pay. TAP specializes is 0 bonuses. Also, if you do interview for a job (hard to say a job since you wont be working on anything), ask what TAP stands for. No one can tell you, this is the first sign that something is wrong, but will certainly not be the last sign to run away.
Did you/someone you know work at TAP? 0 bonuses sounds fucked up...only super small LMM shops do shit like that (personal experience)
Yes -- there are a few people that have been fired / received no bonus. Very fucked up. Very real. Really avoid.
These comments are hilarious and NOT true.
I heard TAP is a nightmare of a shop...
100% accurate on the nightmare. You'd see more people posting feedback of their time but those that currently work there are terrified of reprisals (witch hunts have been conducted I heard) and former employees want to forget about the experience much like a kidnap victim.
Yep agreed with the above. Can confirm they take a big brother approach to monitoring their employees productivity on the weekends. avoid like plague
Can confirm the witch hunts do happen.... some very displeased former employees here. Can name quite a few..
Experience is very much skewed towards tower infrastructure transactions. That being said, they are quite good in that particular niche and have much deeper understanding of the space even compared with most of the bulge bracket banks. David Lowham is a real superstar in this space... Beyond towers, it is very much opportunistic - I concur with one of the earlier comments re real life experience. Just look at the transactions they've closed. Their US business is much stronger than the European one...Also, turnover at the analyst / associate level has been quite high.
Transactions since when? 2017? 2016? or are you talking about back in 2015? Miserable culture. Senior bankers had big roles before but what has that accomplished recently?
My view of them is based on 2015-2016 when they had a number of reasonably high profile transactions in the making.
But hey, it is quite easy to thrash any firm on an internet forum, especially a small one with less stellar track record. As you may know, there are plenty of teams in bulge bracket firms that are struggling to generate meaningful revenues or even get on a few deals a year - it is often lost in the big picture of the league tables which are regularly skewed by few sizeable deals...tower deals especially are often more complex and take time to consummate, which does not help TAP.
And I am not even going to start a discussion on culture - it would be a never-ending thread. Culture in the TMT teams is quite often miserable due to the sheer amount of work that these teams are doing (with higher workload and higher intensity compared to most other teams) and team heads not having time to focus on their juniors. I don't have a view on the culture at TAP, but these general statements need to be taken with a grain of salt - one would need to understand the specific details of the situation to make an informed decision.
Just look at the website. They have accomplished a lot for a small boutique. And not everything is published on their website. Not everything is public. This is unfounded.
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