Evercore debt advisory
Can anyone tell me more about evercore’s debt advisory? Is it like DCM or more restructuring? Any exit ops? WLb?
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From EVR website under debt advisory: "Evercore’s comprehensive product suite includes private debt arrangement (including unitranche, ARR, DIP/Exit facilities and royalty financings); private convertible and hybrid securities; traditional and pre-IPO equity private placements for private companies; minority equity or recapitalizations for families, founder-owned and closely held businesses; private investments in public entities (PIPEs); and public debt advisory, including investment-grade bond underwriting, syndicated loans and bonds, ratings, liability management, covenant and structure amendments"
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Evr rx is called rx and debt advisory - shouldnt be a distinction for juniors
There is a distinction. They staff and hire differently (with a few exceptions) at the junior level.
For others, Debt advisory is something of a weird group at an EB because they can’t hold anything on balance sheet, so they don’t typically do regular-way financings and usually get involved in cuspy financings that are somewhere between high yield and rescue. the debt advisory guys will then run capital raises that target private credit shops. So your day to day as a junior would focus more on the capital raise side than it would in RX. But compared to a typical markets role, your investors are probably going to require a bit more diligence (speaking VERY generally)
Do you have any clue what the sort of exit opps would be out of this team in evercore?
bump!
any difference between London and NY team?
London seems to be recruiting heavily atm, not sure if that’s due to high churn or growing
London office is very very busy atm in debt advisory.
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