Boutique investment bank
Encyclopedia
A boutique investment bank is a small investment bank that specializes in primarily investment banking
. Usually they work on smaller deals, typically less than a billion dollars, and usually assist on the sell-side in M&A transactions. In addition they sometimes specialize in certain industries like media, healthcare, industrials, technology or energy. Some banks may specialize in certain types of transactions or preferred underwriting. Typically, boutique investment banks have one, two, or three offices and may specialize in advisory services for certain geographic regions.
Working at boutique investment banks can be very different than working at larger banks, even though the majority of boutiques are founded and led by former partners at large banks.
Recently, as the larger commercial banks have been hit hard by the recession, many senior bankers have decamped to boutiques, which largely resemble the partnerships that ruled Wall Street in the 1970s and 1980s. Boutique investment banks are gaining an increasing share of the M&A and advising market.
There are many boutique investment banks. A short list of boutiques include: Sonenshine Partners
, Stonepine Advisors, Wharton Gladden & Co., Howard Weil, Berkery, Noyes & Co
, Akin Bay Company, Bengur Bryan & Co., Brookwood Associates, Inc., Beford Investments, BGR Capital & Trade
, Scott-Macon, SinoLatin Capital
, CSG Partners
, Casimir Capital, Orion Capital Group and Opera Capital Partners.
Investment banking
An investment bank is a financial institution that assists individuals, corporations and governments in raising capital by underwriting and/or acting as the client's agent in the issuance of securities...
. Usually they work on smaller deals, typically less than a billion dollars, and usually assist on the sell-side in M&A transactions. In addition they sometimes specialize in certain industries like media, healthcare, industrials, technology or energy. Some banks may specialize in certain types of transactions or preferred underwriting. Typically, boutique investment banks have one, two, or three offices and may specialize in advisory services for certain geographic regions.
Working at boutique investment banks can be very different than working at larger banks, even though the majority of boutiques are founded and led by former partners at large banks.
Recently, as the larger commercial banks have been hit hard by the recession, many senior bankers have decamped to boutiques, which largely resemble the partnerships that ruled Wall Street in the 1970s and 1980s. Boutique investment banks are gaining an increasing share of the M&A and advising market.
There are many boutique investment banks. A short list of boutiques include: Sonenshine Partners
Sonenshine Partners
Sonenshine Partners, is a boutique investment bank based in New York City that offers integrated strategic and financial advisory services. The firm was founded in 2000 and is led by Marshall Sonenshine and Carlo Bronzini Vender, who were members of Wolfensohn....
, Stonepine Advisors, Wharton Gladden & Co., Howard Weil, Berkery, Noyes & Co
Berkery, Noyes & Co
Berkery, Noyes & Co., LLC is a private investment bank founded in New York City in 1983, specializing in global information, media, marketing services and technology industries.-History:...
, Akin Bay Company, Bengur Bryan & Co., Brookwood Associates, Inc., Beford Investments, BGR Capital & Trade
BGR Capital & Trade
BGR Capital & Trade, LLC is a boutique investment bank focused on sell side and buy side mergers and acquisitions, divestitures, management buyouts, leveraged buyouts, capital raising, and joint ventures. Headquartered in Washington, D.C., BGR Capital & Trade has an office in London’s West End as...
, Scott-Macon, SinoLatin Capital
SinoLatin Capital
SinoLatin Capital is a Shanghai based-merchant bank specializing in financial advisory, private equity and research focused exclusively on cross border transactions between China and Latin America. The firm provides advisory services related to mergers and acquisitions, corporate restructurings...
, CSG Partners
CSG Partners
CSG Partners is a boutique investment bank specializing in ESOPs, mergers and acquisitions, and capital advisory services for middle-market companies. The firm is headquartered in New York and has an additional office in San Francisco....
, Casimir Capital, Orion Capital Group and Opera Capital Partners.