Investment Banks – Classification
Merger and acquisition (M&A) advisors provide strategic advisory services for corporate mergers, acquisitions and other types of financial transactions as well as assist public and private corporations in raising equity and debt in the capital markets. These corporate finance advisory firms facilitate mergers and acquisitions, private placements and corporate restructuring.
Corporate finance advisory firms are broadly categorized within the industry as:
- Bulge Bracket
- Middle Market
- Business Broker
Although there is no strict definition that differentiates between these classifications, www.PrivateEquityInfo.com uses the median enterprise value of completed transactions as a general indicator for each firm’s classification.
Generally speaking, business brokers represent smaller clients with transaction values less than $5 million. Middle-market firms tend to focus on companies where the enterprise value of the transaction is between $5 million and $75 million. Bulge-bracket investment banks do not normally work on transactions less than $50 million unless there is a strategic rationale such as a follow-on opportunity.
www.privateequityinfo.com offers subscribers the ability to search thousands of M&A firms by location, typical transaction size or by sector focus.