Comments (35)

Aug 6, 2015

Defense and consumer (specifically food) seem pretty strong, at least from working with them

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Aug 6, 2015

Industrials is pretty strong too

Jan 29, 2018

Does that include the Business Services team, or do you consider that separate?

Aug 6, 2015

Whatever group produces the Fairness Opinions, I think FAS?

Aug 6, 2015

I heard that's more valuation though. Not really corporate finance or advisory based.

Aug 6, 2015

Actually, I think youre right. Its a banking function that sits in valuation but I think its a pretty lucrative area for them.

Aug 13, 2015

Would be interested on this too. Anyone happen to know much about their TMT coverage group?

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Aug 14, 2015

Industrials is the largest group (and is considered the best) in the Chicago office, which also has food and healthcare.

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Aug 15, 2015

What groups are out of the Minneapolis office and how good is it?

Aug 16, 2015

Not sure how true this is but I've heard that the top MDs of their restructuring group are located in the Minneapolis office...

Aug 25, 2015

This is the case. Minny also has one of the best industrials MDs.

RX and Industrials are very strong out of MPLS. Chicago's best group is Food & Bev.

Aug 16, 2015

minny corp fin is industrials only, i think. restructuring is big there.

within corp fin, cfr and industrials are quite strong. hc does well. a lot of money has been put into TMT with the two recent acquisitions but i dont know theyve taken off yet as hoped. within the banking universe, HL a&d is one of the better practices around but there are only so many relevant mandates so the profile there is kind of capped.

Aug 18, 2015

How is their Tech M&A team in SF

Aug 22, 2015

CFR (Food and beverage is the only vertical built out, although Jay Novak absolutely owns it)
Industrials sees good deal flow
ADG sees good deal flow
The above groups are are most respected within CF at HL (and from clients/buyside).

Jan 29, 2018

Is Business Services considered separate from Industrials (sorry asked twice but since you are a different poster than the guy above...)

Jan 31, 2018

Yes.

Feb 10, 2016

Does anyone have any thoughts on the FIG group?

Feb 10, 2016

Milestone acquisition a few years back. Was picking up steam in NYC last I heard.

Feb 13, 2018

Bump

Feb 13, 2018

BTW,
What exactly does an analyst do in restructuring? I'm currently doing an internship in M&A, are the skills transferable? Is an analyst still spreading comps, building models etc? I assume not.

Feb 13, 2018

do restructuring..will give you solid exit opps into distressed PE/HF

Feb 13, 2018

Restructuring analysts do pretty much everything M&A analysts do but also get exposure to distressed and bankruptcy situations. The threat/possibility of defaulting on a loan or breaking a covenant is always looming and that adds an extra dimension to the normal deal process. Analysts still spread comps, build models, obtain data from companies, but the amount of pitching is definitely a lot less than M&A ( at least in these markets), which is a huge plus. Whether restructuring is better or not than M&A I couldn't tell you, but it definitely is pretty good. I don't know too much about the exit opps but I'm guessing they're not bad.

I have some friends at the Chicago Houlihan office and they're all loving it. PM me if you have any other questions.

Feb 10, 2016

how about for the LA office?

Feb 10, 2016

Rx, Business Services, Sponsor coverage, TMT

Feb 10, 2018

Is it just M&T or does it include tech as well? Just spoke to someone who said they could connect me with analysts as HLHZ, but they asked for "specific" groups I was interested in

Feb 13, 2018

To be honest, HLHZ is a creditor advisory shop and any of the industry groups will be considered subpar.

Feb 13, 2018

Wow, thanks for your insight JWS.

Anyone else?

Feb 13, 2018

but JWS is right - their strength is in creditor side restructuring. That being said, working in M&A at HLHZ probably isn't all that bad. I'd think exit opps could include smaller MM PE shops.

Jan 29, 2018
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Jan 29, 2018