Gail Chiasson, North American Editor
Investment banking advisory firm Peter J. Solomon Company, New York, has announced the completion of its combination with French financial services firm, Natixis.
Under the terms of the agreement first announced in February, Natixis has acquired a majority 51% stake in PJSC to establish a combined global M&A and financing platform.
PJSC founder and chairman Peter J. Solomon will continue in his role as chairman; Natixis CEO Laurent Mignon will be the lead director of the Board. Former PJSC vice-chairman Marc Cooper has been promoted to CEO; Kenneth Baronoff will serve as COO of an expanded PJSC. Current PJSC partners will continue to operate as an entrepreneurial firm. PJSC will retain its name and remain headquartered in New York.
“Throughout our nearly 30-year history, we have served as trusted advisors to our corporate clients, providing strategic solutions and independent advice grounded in intellectual integrity,” says Solomon. “Our partnership with Natixis not only adds to the breadth and depth of our services, but also sets the firm on a clear path forward, stimulating growth for a new generation of colleagues and creating a robust vehicle for attracting Wall Street’s top talent.”
“Our alliance with Natixis offers several valuable opportunities for our firm, our partners and Natixis itself,” says Cooper. “By design, PJSC will continue to provide independent advice, with a mandate for dynamic growth across industry verticals, leveraging Natixis’s cross-border M&A expertise and significant capital markets capabilities – all to better serve our clients.”
Mignon says, “Joining forces with PJSC will enable us to continue strengthening the strategic dialogue with our clients and to further expand our global advisory offerings. In light of our strategic ambitions, this transaction also contributes to the development of the Natixis Americas platform and accelerates the internationalization of our businesses.”
The combined Natixis and PJSC platform will provide the following enhanced product and service solutions:
- Debt capital markets, including debt origination, structuring and distribution;
- Strategic equity solutions, including stock financing strategies, hedging and accelerated share buyback strategies and private equity financing;
- International reach across North & South America, EMEA and Asia;
- Complementary banking relationships with established coverage in energy, aviation, infrastructure and financial sponsors.
Combined global M&A and financing platform will provide PJSC clients with capital markets capabilities and a worldwide advisory presence.
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