Definition & Meaning:
Elite Boutique Bank:
The Elite Boutique Bank is the second and luxurious kind of Investment bank. It offers Mergers and Acquisitions services along with Asset management and Restructuring.
The EB bank is a nationwide investment bank. Although not very popular but it has some of it’s units in global market too. The Elite boutique bank handle mega deals worth $500 million or more.
The industry-focused Investment banks that offer fewer services in the investment banking market mainly, M&As, asset management and restructuring.
Meaning:
The Elite Boutique Banks are classy Investment banks that offer fewer services in the investment banking market compared to full-service Investments banks (Bulge bracket bank). The tendency of their services fluctuate to Mergers and Acquisitions (M&As), Asset management and Restructuring. All the above-mentioned services are specialized in context to a specific industry; which means the Elite boutique bank serve a particular industry with its basic services.
For example, The XYZ elite boutique bank helps Construction site businesses to manage their finances through M&As, reconstruction and asset management services.
Here Construction business is the main focus of these banks.
The banks have a small global presence. Instead they operate in all the cities of a country and handle deals that start at a regional boutique bank level and end at contracts worth 500 million dollars or more.
Synonyms:
Elite Boutique Investment Bank, Elite Investment bank, Elite bank, Investment bank, Elite Boutique.
Examples:
Evercore, Lazard, Moelis & Co, PJT, Greenhill & Co, Perrela Weinberg, Miller Buckfire, Sagnent Advisors and Gleacher & Co.
