Thoughts on Alantra (US)?
Hey monkeys,
I have heard a lot about Alantra's European dealflow presence as of late. I was wondering if anyone can speak to the firm's reputation in the US specifically. How does it compare to other non-elite boutiques/MM's in the US?
Comments (20)
joe_shmo, sorry about the lack of response. Maybe one of these topics will help:
You're welcome.
Can't speak to reputation, but I know a bit about the firm's NY office if helpful.
That'd be very helpful, what have you heard?
NY is exclusively TMT, doing mostly cap raises. Clients are commonly younger companies with pretty unique and interesting products / services. Team is one analyst, one VP, and maybe one more senior guy. The two I've spoken with are super chill and intelligent -- seems like a great culture. Boston is the U.S. HQ and does TMT, A&D, and consumer, with more of an M&A focus. I think there's also a small SF office (guessing it's tech).
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Learn moreHeard they got rid of the Chicago team when the pandemic hit...might be wrong tho.
Avoid at all costs. They undepay (65K throughout your analyst years, no raise) and will always lowball you come bonus time, bonuses of under 40% are not uncommon. Deal flow is shit as well, lots of pitches they have no chance of winning and at one point in time they went almost a year without closing a single deal while their competitors were killing jt. If you absolutely have no other offers I would go and lateral to another place after you pass your series. I xan't stress enough how bad the culture is and how they are not willing to invest in their employees at all. The US office was acquired by ALANTRA a few years back and the culture has remained virtually unchanged, it's that of a crappy boutique, which is what they were before they were acquired
The above only applies to the US offices, no real insight into the EU offices although I know that they underpay as well.
Can confirm the above about the Boston office - have definitely heard a lot of interesting stories
Although I will say if you're recruiting for Alantra tech they operate completely separate of the industrials / generalist group, as seen in their pay analyst pay difference (I've heard at least 75k base and 50-100% target bonus). Great group to work for and I think they work with some pretty cool companies too
Can confirm for Boston as well. My school sends a couple interns there and pay is $600/week...
Not sure about the accuracy of this post - they are pretty high on European league tables this year and many of these deals are cross-border with significant US team involvement.
So their average deal size is 90m?? Seems like a chop shop to me
I'll confirm what Rick said as well for the U.S. generalist team in Boston. I know one of the analysts and he and the others just quit. If you are coming out of college with nothing better you can view view this as a place to get a foot into the industry. Then please follow the analysts before you and lateral as soon as you can. They will keep you as an underpaid analyst with no opportunity for promotion or development.
The brand seems to be doing ok in Europe and the U.S tech team is doing well but that's not what we are talking about here and their success will have no impact on your bonus, if you get one at all. The "cross-border" deals they reference come out of Europe and you will be in a supporting role dialing into calls at odd times because there may be a U.S. buyer, but it won't really be your team's deal.
This is in the bottom tier of Boston firms. To be considered after HW, Piper, Canaccord, Blair, Baird etc. Only place that sounds worse is AGC but at least that may provide some upward mobility.
As the person who replied to the above comment mentioned, a big distinction needs to be made between their Generalist group/other verticals and their Technology practice. No clue about comp but in terms of deal flow, their Tech group absolutely crushes it and is growing rapidly.
Want to reiterate the distinction between tech and corporate finance in the U.S. Culture is as bad as it gets in the latter. Take other comments about the negatives seriously and only consider joining if you can't see any path for yourself other than banking. Glad to get out when I did. There is no HR department and the head of the U.S. group is as bad an offender as any. Things flow down from there, although the others are almost as bad in their own right. Almost every interaction you have will be subpar and some can be remarkably bad. Be prepared to take a lot of shit and study the GS memo from this year then take a fraction of the prestige. If you go one by one through the people working there it's consistent pricks, with some showing signs of serious issues above and beyond what you'd expect in banking, granted in today's era.
Seems like a nice place
Any updated thoughts on the firm?
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