Natixis Enters Into Agreement To Acquire Majority Stake in Peter J. Solomon Company
Transaction will extend M&A Advisory activity in the US
Natixis today announced that it has entered into an agreement to acquire a majority stake in Peter J. Solomon Company ("PJSC" or the "Company"). Mr. Peter J. Solomon and current PJSC Partners will continue to operate as an entrepreneurial firm and retain a material position in the ongoing company.
Peter J. Solomon Company was established in 1989 to provide independent, objective advice on mergers & acquisitions, capital structure and restructuring to public and private corporations. The firm focuses on the following sectors: Retail and Distribution, Consumer Products, Healthcare and Media, Entertainment and Communications & Technology. The Company comprises 50 bankers and has advised on more than 500 transactions since its inception.
Following the acquisition of Leonardo & Co France in February 2015, since renamed Natixis Partners and 360 Corporate which became Natixis Partners España, in November 2015, this transaction will allow Natixis to continue and speed up the internationalization of its businesses, and further strengthen its M&A advisory offerings. PJSC will contribute to the development of the Natixis Americas platform and sustain further growth in the U.S.
“We are excited about the opportunity of joining forces with Peter J. Solomon Company and welcoming their highly recognized teams. The firm’s entrepreneurial approach to advising its corporate managements and owners fits perfectly with our New Frontier strategy which focuses notably on asset-light business lines, deepening the strategic dialogue with our clients and developing high value-added expertise”, declared Mr. Laurent Mignon, Chief Executive Officer of Natixis.
“We are pleased by the new opportunities such a partnership would provide for both our clients and our colleagues,” said Mr. Peter J. Solomon, Founder and Chairman of Peter J. Solomon Company. “Natixis’ strong leveraged finance capabilities and global reach will expand the breadth and depth of PJSC’s outstanding M&A advisory business in the U.S. and abroad.”
Peter J. Solomon Company, located at 1345 Avenue of the Americas in New York, NY, USA, is an independent M&A advisory firm. The company is renowned for its expertise, in particular in the following sectors: Retail and Distribution, Consumer Products, Healthcare and Media, Entertainment, Communications & Technology.
Contact
Related links
About Groupe BPCE
Groupe BPCE is the second-largest banking group in France. Through its 100,000 staff, the group serves 35 million customers – individuals, professionals, companies, investors and local government bodies – around the world. It operates in the retail banking and insurance fields in France via its two major networks, Banque Populaire and Caisse d’Epargne, along with Banque Palatine and Oney. It also pursues its activities worldwide with the asset & wealth management services provided by Natixis Investment Managers and the wholesale banking expertise of Natixis Corporate & Investment Banking. The Group's financial strength is recognized by four credit rating agencies with the following senior preferred LT ratings: Moody's (A1, stable outlook), Standard & Poor's (A, stable outlook), Fitch (AA-, negative outlook) and R&I (A+, stable outlook).
The press area was created by BPCE in order to make it easier for professionals to access Groupe BPCE press releases, images, videos, computer graphics, etc. (hereafter referred to collectively as the “Content”). This Content can be used to illustrate all publications, reports, articles or, more generally, any document or medium designed to inform the public of Groupe BPCE’s activity. You are not allowed to use the Content for commercial or publicity purposes. You are not allowed to modify the Content (except for changes of format). The Content is regularly updated by BPCE, therefore you should frequently access the press area in order to ensure you use the latest version of the Content. Your attention is also drawn to the fact that the Content contains elements considered to be intellectual works protected by copyright law and notably by France’s intellectual property code. Consequently, the photo credit (shown at the bottom right of the photo) and the mention [source BPCE] must be displayed in all publications (printed or electronic). Any user who fails to respect these conditions shall be liable vis-à-vis BPCE, the author of the Content or his/her beneficiaries and, where applicable, the persons whose image is reproduced in the Content. By downloading and, more generally, using all or part of the Content you agree to these terms.