What Happened To Greenhill?
Heard it went to shit. Is it even an EB anymore?
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Cocaine is one hell of a drug
SKEET SKEET MOTHERFUCKER
SKEET SKEET SKEET
I personally don’t consider GHL much of an EB anymore. I know all the prospects and first year analysts like to gatekeep the EBs for some reason, but I’d rather be at Gugg over GHL right now and consider Gugg more of an EB than GHL.
Agree with your take, but the morons on this forum will def MS you
Ive said this before, but things are never as clear as the tier lists that get posted on this board. On the RX side, Gugg has won some really good mandates (AAL, MNK, WPG all company side). Their fees have been pretty impressive too. At least for the time being, they also pay more (although not sure how long that will last). I know people in my class who turned down offers at 'better' practices (at least thats what people here would tell you) for gugg too. All that combined, Gugg i think is a pretty solid practice thats doing well in the space (I can't speak as much to their exit opps though). Practically speaking, if I were recruiting for SA, I wouldn't hesitate to apply and accept an offer, and if I were lucky enough to have a couple of options, I'd worry about how they stacked up then.
Doing some esoteric structured finance at Gugg sounds pretty sick, they sound like the type of firm to create synthetic CDOs for OnlyFans cash flows.
Instead of "Margin Call"
It's "Simp's Call"
How times have changed. About 2 years ago, some poster made a very similar comment and got like 1 SB/ 8 MS.
Tbh, I was expecting the same result as that other poster. Pleasantly surprised. I think in the next 2 years you’ll see this opinion become more solidified.
Curious how people view their RX team now that they’ve gone on some good stuff after getting more senior hires. And I understand the “not an EB” term, but the analysts exit pretty well still which is an important thing to consider
they exit to Lazard and Evercore
Data points bro?
Exits to Cerberus, Centerbridge, Searchlight, Owl Creek, Veritas Capital, Balyasny in the past 2 years. Pretty good considering the class sizes
No one asked
Thanks for naming mostly RX exits. Now tell me how their M&A side does.
Removed
good question.
I saw that their Dallas office was absorbed by Jefferies
Basically the entire division was (Private Capital Advisory)
Do you know why??
Is Piper better than Greenhill now?
Depends on what you value and want. It might be for certain stuff but prob at the senior level in terms of partners at HF/PE firms Greenhill is still an elite, well-respected name
In Toronto, Greenhill is still one of the, if not the best shops.
cap
Would that 'cap' be 'I agree' or 'I disagree'?
based on...?
At my top target, everyone reneges on Greenhill lol. The only ones who sign are those who couldn't get better offers even at mid-tier BBs
Why they renege?
You seem like a humble and chill guy.
“At my top target” buts he’s in corp banking
Was a good shop a decade+ back, but been on steep downhill and failed to gain momentum/ M&A market share post-2008 while Evercore has been/ already is rising to/at the top in M&A playing field, PJT/ Lazard maintaining their status quo in terms of reps, and Centerview growing in select sectors (HC/CR). Unfortunately Greenhill's behind other EBs like Moelis as well.
only if you fucked her in the ass
i remember people talked about a lunatic ghl partner / md that made crazy money in rx, can't remember his name but he made every analyst slaves
Neil Augustine probably
When do people think Greenhill started to fall off? I feel like when I was recruiting (2 years ago) people still had it firmly in the EB camp- is it just that they haven't capitalized off the post-COVID boom like every other bank has? Clearly they've been slipping for a while but seems like only recently things started to really change with how people viewed it
I think it might have to do with the founder Bob Greenhill stepping down and away from the business maybe. I think the new CEO Scott Bok is good and all but it’s like not “his” company so much. Prob hard for him to be motivated to grow the business/brand when he is only really collecting a paycheck. The other EBs are kinda like the founder’s babies. Hey, even GS is kinda like David Solomon’s baby at this point with how they set it up for him to have so much influence and association with the future of the bank. Same with Jamie JPM. I could be very wrong but to me it seems like Greenhill is more of a limited life sole proprietorship. When Bob went / goes away I’m not sure if the bank really survives him too much as it looks like it is happening. I may be wrong and things can change. Just seems like one of the challenges of starting a long-term business is founder succession. Maybe GHL has not been able to or wanted to focus too much on that. Idk
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