Banks run to stand still in PE coverage race

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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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