Miller Buckfire/RX in 2020?

Any thoughts/insights on Miller Buckfire? From what I can tell by old threads, they used to be one of the best RX shops around the 2008 crisis but lost quite a few senior bankers over the years. How would they compare to lower-tier BB? I feel like RX would be a really interesting space to get into around now so curious. 

 

I had a first round and got coffee with a VP the summer of last year. First round had some bond math (par value), depreciation Qs, and talked about an RX deal.

They were on some big restructuring deals over the past, Detroit in 2014, Puerto Rico in c2017 to name a few. They operate pretty much independently from Stifel, and the founder, Ken Buckfire, is still there.

Can't comment on how they compare to a lower tier BB. Theyre obviously no Houlihan Lokey, but still a respectable name I'd say.

Go all the way
 

Think there has been a bunch of misinformation on past threads. I have a friend who works at the firm and would probably say that MB is a tier 2 shop (below LAZ/EVR/PJT/HL). That said, they have worked on some huge deals (ie Detroit and Puerto Rico) that have been in the tens of billions of dollars. They definitely don't get the notable debtor side engagements that PJT/EVR/LAZ get, but they work on a lot of high profile creditor engagements. I'd assume that MB is more prestigious than a lower BB, but at the end of the day it comes down to preference as RX is very different from traditional IB. Hard to say, but they are probably on the level of a Greenhill or Ducera from what I hear

 
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