Morgan Stanley investment banking is one of the most established elite firms in Europe. As a bulge bracket bank, Morgan Stanley has a comprehensive business line and deal team structure. The investment banking division consists of M&A advisory, equity capital markets, debt capital markets, leveraged finance and FIG groups. In this article, we will analyze the major group names and functions of Morgan Stanley investment banking in Europe market, especially focusing on the team organization in ECM, DCM and M&A advisory. The deal teams work closely with sector groups and product groups to provide top tier services for clients across the continent.
The core business line of Morgan Stanley investment banking in Europe
Morgan Stanley has a full-scale investment banking division to serve European clients. The major business lines include:
– M&A Advisory: Morgan Stanley provides buy-side and sell-side M&A advisory service, through industry coverage groups and geography focused team to advise corporate clients and financial sponsors on mergers, acquisitions, divestitures, joint ventures and corporate defense.
– Equity Capital Markets: Morgan Stanley offers IPO underwriting and follow-on offerings for equity financing needs of clients. The ECM team works with sector bankers to take companies public and raise subsequent capital.
– Debt Capital Markets: The DCM team underwrites and distributes public and private debt issuances, including investment grade, high yield, convertible bonds and syndicated loans.
– Leveraged Finance: Morgan Stanley provides senior debt, mezzanine capital, PIK financing, bridge financing and other structured facility for leveraged buyouts, recapitalizations and refinancings.
– Financial Institutions Group: FIG offers advisory and capital raising services for financial services clients such as asset managers, exchanges, banks, specialty finance and financial technology firms.
The industry sector coverage of Morgan Stanley in Europe
Morgan Stanley has a matrix organization structure, with deal teams dedicated to different industries and regions. The major industry sector coverage in Europe includes:
– Consumer & Retail Group
– Healthcare Group
– Industrials Group
– Natural Resources Group
– Power & Utilities Group
– Real Estate Group
– Technology, Media & Telecommunications (TMT) Group
– Transportation & Infrastructure Group
These industry groups work seamlessly with the product groups like M&A, ECM and DCM to provide tailored services for clients in each sector. The bankers have deep expertise in their focused industries to better serve clients.
The debt capital markets team of Morgan Stanley in Europe
The DCM team of Morgan Stanley in Europe consists of investment grade DCM and leveraged finance teams.
For investment grade DCM, there are specialized teams focusing on frequent corporate issuers, financial institutions and public sector clients. The team offers bond underwriting, liability management, ratings advisory and private placement capabilities.
For leveraged finance, Morgan Stanley deploys dedicated teams to serve private equity firms and corporate clients in leveraged buyouts, mergers and acquisitions. The bank underwrites and syndicates leveraged loans, high yield bonds, bridge loans and mezzanine debt for European clients.
In summary, Morgan Stanley operates all the major businesses in investment banking sphere to serve clients in Europe. With business lines like M&A, ECM, DCM and leveraged finance, along with specialized industry and regional coverage teams, Morgan Stanley investment banking has a comprehensive platform to provide top-tier advisory and financing services in European market.