Comments (12)

 
  • Analyst 2 in IB - Ind
Feb 21, 2021 - 3:30pm

One of the stronger groups at WFS for sure. Have been left on a couple decently high profile IPOs in recent years - especially Athene, Apollo's Insurance unit, and KKR's REIT too i believe. Not sure how they stack up against the street beyond that. The team also sits in NY I believe which is good - new Hudson yards office is bananas. 65th floor of 30 Hudson Yards, sweeping views of the whole city.

 
  • Summer Associate in IB - Ind
Feb 21, 2021 - 5:05pm

Agree with this, but group is out of NYC and Charlotte. Insurance is mostly out of nyc, spec fin out of Charlotte, and asset management is split. Wouldn't be surprised if they build up their nyc presence over time. 

 
  • Associate 3 in PE - LBOs
Feb 21, 2021 - 4:23pm

Most of their strength will come from the capital side and less from the M&A side. Big lender to the space.

 
  • Analyst 1 in S&T - Equities
Feb 21, 2021 - 11:49pm

Nice group of ppl in the NY office from my interactions with them. Think the lend pretty heavily in the space and also seem to be ramping up advisory and IPO.

 
  • Analyst 3+ in IB - Gen
Feb 21, 2021 - 11:53pm

Very strong in mortgage/spec fin due having a captive mortgage company (Wells Fargo Home Lending) and a strong asset-backed finance & securitization practice. Chris Small is the head of the group. Recently had a few senior bankers go to Piper. Biggest strength comes from debt and lending through High Grade, LevFin, and warehouse lines of credit for mortgage/loan companies. They earn a few mandates from those relationships. 

Recent deals:

Anworth / ReadyCap

AmeriHome IPO (canned) and sale to Western Alliance (recently announced)

Pretium / Deephaven (WFS advisor to Varde, Deephaven's owner)

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