Dos and don’ts for bankers setting out their stalls for private equity

Private equity firms are tricky beasts to win advisory work from – they are typically small and like working with people that they know and trust

For banks, private equity firms are very attractive clients. They are in constant need of advice – when they buy a business, when they dispose of parts of it or add others, and, best of all, when they sell it.

For advising on a sale, a bank can be paid millions in fees, so competition for those mandates is fierce.

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