Contents:
Representation of Deb Shops, Inc. As a result of this fast-tracked sale process, Weil enabled Deb Shops to quickly emerge from bankruptcy as a going concern enterprise that continued operating most of its retail stores. Representation of International Aluminum Corporation, a portfolio company that is California-based manufacturer of diversified lines of quality aluminum and vinyl products, and its affiliated debtors, in their prenegotiated chapter 11 cases.
Prior to commencing the cases, International Aluminum entered into a restructuring support agreement with a majority of its senior secured lenders that provided for a financial restructuring through a prenegotiated plan of reorganization. Represented Newport Television, LLC, a portfolio company and the owner of approximately 40 television stations, in the out-of-court reorganization of its operations, subsequent related litigation, and the negotiation of amendments to its senior credit agreement. Representation of Panolam Industries International, Inc. Debt restructuring Debtor-in-possession financing Financial sponsor Leveraged buyout Leveraged recapitalization High-yield debt Private equity Project finance.
List of investment banks Outline of finance. Retrieved from " https: Private equity Investment. Namespaces Article Talk. Views Read Edit View history. Languages Add links.
This page was last edited on 14 June , at By using this site, you agree to the Terms of Use and Privacy Policy. At some banks that might be true, but LevFin still probably has some advantage because it is better-known. If you have access to Dealogic you should be able to do so. FSG — FSG covers private equity firms, hedge funds, and sovereign wealth funds rather than traditional companies and helps them with their exits: If possible, could you list the differences by BB in New York?
It would be really helpful to not only know that there are differences but also know what those differences are. Also, most banks are very similar except for the people.. We actually had a balance sheet, so any LBO financing where we had a good relationship with the sponsor was done out of our group.
That obviously led to a lot of LBO modeling, but with a focus on credit work covenant analysis, credit stats, etc. I think they are pitching more now buyside ideas, financing , but it was good overall group. Good experience for PE, too. I had a pretty solid internship not IB related during school but unfortunately was not able to break into IB. I was recruited by a Top 10 Hedge Fund right out of school, into their corporate accounting group.
Would I stand out more to a recruiter having worked for a major HF? But you may have just as much like applying to smaller HFs where they will be more open to you transitioning into the front office.
I have been offered the opportunity to work in an London based BB in the leveraged finance and financial sponsors team. The team offers sponsor coverage — strategy, assess LBO opportunity and concentrates on the process and execution of deals. They do NOT offer acquisition financing, bridge financing and refinancing activities.
It depends on the structure of the firm. If your group is a coverage group directly dealing with PE firms that also does the execution, I believe your work is related to both areas. Have you planed to make an interview with a TMT banker? Can you comment on what this is like at analyst, associate, and VP levels and compare it to coverage groups at your firm? Usually fees are split when one group sources and one executes. I took a look at this post a week before my internship started.
Wanted to know what to expect, what I would be expected to know, etc. The first day at my group desk I was asked to make an LBO granted, they gave me a half done template to work from. They said they do all the modeling, and wanted to start prepping the interns right away. Will add more after a few weeks for anyone wondering how Sponsors is at this BB. Thanks for sharing.
We added a note about the work potentially being more technical than described. A lot depends on the group and bank. A slightly less related question: I did my summer internship at a BB but have moved to a boutique for full time. Any advice? This is a valid concern. Grab lunch with your fellow analysts and associates too!
I would like to point out that some FSG are much more modeling intensive than others. Oh, and is it common for people to move back to IB after PE? Or is PE really good at retaining people.
Phoenix June 8, You will, however, do a decent amount of "quick and dirty" LBOs. Connor Carnegie June 6, This structure also makes it easier to sell off or discontinue certain operating companies without affecting the rest of the platform. Obviously its in their best interests to oversell the importance of the group to attract top candidates, but its upto you to ask the right questions to get a pulse on reality. In that case, it was all about who owned the relationship.
We do not include dates for the reasons mentioned here: Not trying to rock the boat, by any means, but experience in sponsors at the junior level depends largely on the bank. However, when working with a company in a more specialized space, the corresponding coverage group will do the heavy lifting.
Yup, it is bank-dependent. But I think overall you will still do less modeling because more people tend to be involved with sponsor deals. As the interviewee mentioned, lots of people do get roles at firms like those.
It really depends on what experience you get. As an undergraduate student, which do you guys believe will help breaking into this group more, middle market muni IB or VC work? Also, which if either is safer in general? Muni IB work since VC has little overlap. I have a question: If I call and get an automated message via his answering machine, what should I say?
A financial sponsor is a private equity investment firm, particularly a private equity firm that engages in leveraged buyout transactions. On the financing side, if investors are willing to contribute capital then financial sponsors can contribute less of their own equity into transactions. A healthier.
Finally, if I talk to him in person, how do I phrase the part about me getting him to give me an interview? What about: See the cold-calling articles for suggestions on how to ask for a job. I think you should not leave a message. You should call him at different times of the day till he picks up. Just tell him you came across his job posting and you think you are totally qualified for the job. Insider Monkey classifies Berkshire as a hedge fund?