From Breakingviews - Intrepid bankers will find Boutique Blvd jam-packed
Only deal mavens with a unique specialty will have a shot at successfully putting their names on the door. Byron Trott carved out a place for his BDT with family-owned businesses, Aryeh Bourkoff’s LionTree targeted media moguls, Frank Quattrone and his Qatalyst captured segments of Silicon Valley, while Steve McLaughlin collared a chunk of the financial-technology M&A market with his FT Partners.
Absent those kinds of industry-specific or geographic relationships, idle investment bankers may find themselves just spending more time with their families.Independent investment banks such as Lazard and Evercore earned 36% of global mergers and acquisitions fees in 2022 through Dec. 12, compared with 34% for the top five banks, according to Refinitiv data.Opinions expressed are those of the author.
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