Banks run to stand still in PE coverage race

By David Rothnie
01 Aug 2019

Banks are racing to expand their sponsors coverage teams as they fight to remain relevant to private capital providers at a time of disintermediation in investment banking. By David Rothnie.

More than a decade on from the last leveraged buyout (LBO) boom, coverage bankers for financial sponsors have regained their swagger — and are more important than ever. Banks have bolstered and radically reshaped teams responsible for serving the needs of private equity as they try to keep ...

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