Boutique Investment Banks Making Inroads Among the Top Dealmakers in Texas

©The large, “bulge-bracket” banks — so called because their names are in larger font on transaction notices — typically rank at the top of the financial adviser league tables in Texas, much like they do nationally. But boutique investment banks—notably Evercore, Moelis and Intrepid—continue to make inroads, creating fierce competition for dealmaking business in the Lone Star State.

First half data from independent research firm Mergermarket provided exclusively to The Texas Lawbook shows Goldman Sachs and JP Morgan in the number-one and -two positions in terms of deal value in the state, followed by Bank of America Merrill Lynch. But Evercore Partners grabbed the number-four spot, followed by RBC Capital Markets, Citi, Barclays, UBS, Moelis Capital Partners and Jefferies.