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GMP Capital’s sale to Stifel Financial marks the end of an era on Bay Street
December 6, 2019 | The Globe and Mail | ANDREW WILLIS.

On Friday, the GMP era effectively came to an end. U.S. investment bank Stifel Financial Corp. closed its purchase of the Toronto-based brokerage for about $65-million, and plans to rename it..........GMP started out as a partnership and later became a public company that was always far smaller than global dealers, and firms that Canadian banks started acquiring in the late 1980s.
For Canada’s financial community, saying goodbye to GMP means closing the door on a way of doing business, a lucrative and often colourful approach to deal-making. GMP brought together capital-starved entrepreneurs and deep-pocketed fund managers. The partners put up their own cash – mortgaging homes or draining savings – to fund the operation. GMP was the first to raise money for businesses that became some of Canada’s best known, such as Blackberry Ltd., Birchcliff Energy Ltd., Canopy Growth Corp. and Goldcorp Inc. It is also a major trader in their shares......In extremely simple terms, independent firms such as GMP run on relationships and ideas. Larger rivals are creatures of process and scale. The biggest players have now come to dominate capital markets........the four Day 1 GMP partners: the late Brad Griffiths, mining financier Gene McBurney, trader Mike Wekerle, now a venture capitalist and reality TV star, and salesman-turned-CEO Kevin Sullivan......The new model for independent dealers in Canada is to be small and nimble, or focus on wealth management. The model that worked so well at GMP – using commissions from stock trading to cover day-to-day costs, and taking the lucrative fees from advisory work as profits – doesn’t work when brokerage houses offer to trade stocks for free. GMP’s run is unlikely to be matched.
Andrew_Willis  Bay_Street  boutiques  brokerage_houses  compensation  deal-making  exits  farewells  GMP  investment_banking  nimbleness 
11 weeks ago by jerryking
How to Choose The Right Investment Banker to Sell Your Business
Jay Turo
GUEST WRITER
CEO of Growthink
October 2, 2013

hire an investment bank to purchase a business
the value of middle market investment bankers
howto  investment_banking  selling_a_business 
september 2019 by jerryking
Toronto investment bank Infor prepares for wave of corporate credit restructurings -
February 17, 2019 | The Globe and Mail | by ANDREW WILLIS.

Infor was founded in 2015 and focuses on providing merger and acquisition and financing advice to growth companies in the mining, financial services, cannabis and technology sectors. The employee-owned firm is home to two dozen bankers and has advised on 1,800 transactions valued at $250-billion. Chief executive officer Neil Selfe said the decision to move into restructuring reflects a view that a downturn is overdue in credit markets.

“We believe the current economy cycle, bolstered by extended periods of low interest rates and excess leverage, is in its final stages and a substantial corporate restructuring pandemic is nearing,” Mr. Selfe said. Infor is well positioned to advise distressed borrowers, he said, because “as the largest providers of debt, Canadian banks are conflicted in helping corporations navigate this environment.”
Andrew_Willis  Bay_Street  bow_wave  distressed_debt  hiring  Infor  investment_banking  preparation  restructurings 
february 2019 by jerryking
Former finance minister, ambassador and businessman Michael Wilson dies at 81 - The Globe and Mail
TIM KILADZE AND ERIC ANDREW-GEE
PUBLISHED FEBRUARY 10, 2019

Michael Wilson, a former federal finance minister and stalwart of Canadian business who overcame personal tragedy in later life to become an advocate for mental-health support, has died at 81.

Under prime minister Brian Mulroney, Mr. Wilson helped negotiate the North American free-trade agreement and brought in the federal goods and services tax, initiatives that were controversial at the time, but have survived to become pillars of federal policy......Mr. Wilson went on to have a laurelled career after politics as Canadian ambassador to the United States in the late 2000s and then chancellor of the University of Toronto from 2012 until 2018....He was also a veteran investment banker with a career in finance that spanned more than half a century and included senior roles at UBS Canada, Royal Bank of Canada and, most recently, Barclays Capital Canada.

But, of late, he was perhaps best known for his dedication to raising awareness of mental-health issues after his son Cameron died by suicide in 1995, at the age of 29​. That work included serving as chair of the Mental Health Commission of Canada for the past four years......Anthony Fell was Mr. Wilson’s boss as CEO of RBC Dominion Securities when Mr. Wilson was a partner in the investment bank, before entering federal politics. The two stayed close friends.

“It’s been said that one of the best thing you can leave behind is a sterling reputation for integrity and for making a positive difference in peoples’ lives, and this Michael Wilson has done throughout his life, in very full measure,” Mr. Fell said on Sunday.
Canada  Canadian  crossborder  Bay_Street  FTA  GST  investment_banking  leaders  mental_health  Michael_Wilson  NAFTA  obituaries  politicians  Progressive_Conservatives  RBC  UBS  UCC  uToronto  public_service  Tim_Kiladze 
february 2019 by jerryking
Goldman eyes expansion of investment banking
March 23, 2018 | FT | Ben McLannahan.

The contrasting fortunes of the rivals for the top spot suggest that Goldman sees no immediate turnround in trading, and in fixed-income trading in particular, where clients such as hedge funds have been reluctant to put on big trades in listless, directionless markets. Mr Blankfein noted on Friday that the entire industry had been hurting, as overall revenues roughly halved from their peak in 2009. But he said Goldman had “under-invested” in simpler products such as cash bonds, “which led to lower penetration with certain large asset managers and banks.”

The future is dealmaking, more relationships; they can’t just deal with the blue-chips and the next rung down

David Hendler, Viola Risk Advisors
The doubling down in investment banking suggests that Goldman is “going where the margins are,” said David Hendler, founder and principal of Viola Risk Advisors. “The future is dealmaking, more relationships; they can’t just deal with the blue-chips and the next rung down.”
directionless  Goldman_Sachs  investment_banking  growth  Lloyd_Blankfein  relationships  expansions  deal-making  blue-chips 
march 2018 by jerryking
A Rainmaker Seeks to Grow His Firm at a Time of Big Media and Tech Deals - The New York Times
By MICHAEL J. de la MERCEDDEC. 17, 2017

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rainmaking  John_Malone  moguls  dealmakers  investment_banking  boutiques  Wall_Street 
december 2017 by jerryking
With Deal-Making in the Doldrums, Goldman Tries Something New - The New York Times
OCT. 11, 2017 | WSJ | By JOHN FOLEY.

Goldman Sachs is trying to extricate itself from a box by thinking outside it. The Wall Street firm has set up a small team in what’s known internally as the Innovation Lab, to cook up supposedly clever ideas for big clients. The resulting acquisitions may end up destroying value for the shareholders of the companies involved, but Goldman’s own investors should be pleased the investment bank is trying new things.
innovation  Goldman_Sachs  idea_generation  experimentation  trading  Wall_Street  investment_banking 
october 2017 by jerryking
The Disrupters: Making New York’s Cultural Boards More Diverse
JULY 30, 2016 | The New York Times| By JACOB BERNSTEIN.

But Dr. Muhammad, the former director of the Schomburg center, cautioned against seeing Mr. Smith’s entry into New York cultural life as a sign that things will change in a meaningful way.

“White people are going to be wealthier on average, wealthier people are going to be in leadership positions more often, and in those positions they’re likely to be part of a network of people in the same social milieu,” Dr. Muhammad said. “There’ll continue to be people like Robert Smith, who happen to be African-American and do wonderful things, but there’s a giant wealth gap between blacks and whites, and it’s only widened in the wake of the great recession. Is this a sign of a trend that black people will be the heads of boards all over the country? I doubt it.”
Darren_Walker  glass_ceilings  African-Americans  high_net_worth  cultural_institutions  boards_&_directors_&_governance  diversity  New_York_City  museums  lawyers  investment_banking  Wall_Street  Harvard  Robert_Smith  racial_disparities 
august 2016 by jerryking
University challenge
25 June/26 June 2016 | Evernote Web - FT | by Thomas Hale and Gonzalo Vina
Colleges_&_Universities  tools  finance  debt  London  investment_banking  real_estate 
june 2016 by jerryking
Bay Street’s next big struggle: keeping top young talent - The Globe and Mail
TIM KILADZE
Bay Street’s next big struggle: keeping top young talent
SUBSCRIBERS ONLY
The Globe and Mail
Published Tuesday, Sep. 29, 2015
Bay_Street  Silicon_Valley  talent  work_life_balance  investment_banking  war_for_talent  management_consulting 
october 2015 by jerryking
Meet the Zaouis
23 May 2015 | Financial Times | Jonathan Guthrie.

The business plan for their M&A advisory firm was essentially a Post-it note reading 'Allons-y!" But in the two years since they set it up, broth...
finance  financiers  investment_banking  London  United_Kingdom  start_ups  boutiques  mergers_&_acquisitions 
july 2015 by jerryking
Leading Bay Street banker opens new boutique dealer - The Globe and Mail
TIM KILADZE
Leading Bay Street banker opens new boutique dealer
SUBSCRIBERS ONLY
The Globe and Mail
Published Monday, Apr. 06 2015
boutiques  Bay_Street  investment_banking  Infor  GMP 
april 2015 by jerryking
John C. Whitehead - WSJ
Feb. 8, 2015| WSJ |

In 2005, Whitehead published a memoir A Life In Leadership: From D-Day to Ground Zero
obituaries  tributes  Wall_Street  books  The_Greatest_Generation  public_service  Goldman_Sachs  philanthropy  investment_banking  memoirs 
february 2015 by jerryking
Boutique Investment Banks Gain Prestige - NYTimes.com
By MICHAEL J. DE LA MERCED DECEMBER 9, 2014

FINANCIAL SERVICES, INVESTMENT BANKING, MERGERS & ACQUISITIONS, THE DEAL CYCLE, ALTMAN, ROGER C, BANKING AND FINANCIAL INSTITUTIONS, CENTERVIEW PARTNERS, EFFRON, BLAIR W, EVERCORE PARTNERS INC, LAZARD LLC, MERGERS, ACQUISITIONS AND DIVESTITURES, MOELIS & CO, QATALYST PARTNERS,
investment_banking  Wall_Street  prestige  size  financial_services  mergers_&_acquisitions  M&A  Centreview  Qatalyst  boutiques  Lazard 
december 2014 by jerryking
Barclays was the last British 'Master of the Universe' - The Globe and Mail
CARL MORTISHED
Barclays was the last British 'Master of the Universe' Add to ...
SUBSCRIBERS ONLY
LONDON — Special to The Globe and Mail
Published Monday, May. 12 2014
London  United_Kingdom  investment_banking  Barclays 
may 2014 by jerryking
Breaking into the boys' club of investment banking - The Globe and Mail
BOYD ERMAN
Breaking into the boys' club of investment banking Add to ...
Subscribers Only

The Globe and Mail

Published Tuesday, Mar. 11 2014
women  Bay_Street  investment_banking  glass_ceilings  boards_&_directors_&_governance  Boyd_Erman  gender_gap  diversity 
march 2014 by jerryking
Masters of an Old Game
October 1994 | Vanity Fair | By Nicholas Lemann

The Richest One Percent. The men who walked the quiet halls of the Eastern Establishment guided the U.S. through industrialization, two World Wars, and much of the Cold War. But now that venerable club is being pushed to the sidelines. Nicholas Lemann considers whether is has lost the field.
The_One_Percent  elitism  Wall_Street  law_firms  investment_banking  Goldman_Sachs 
december 2013 by jerryking
Boardroom shifts spell trouble for big banks
Nov. 26 2013 | The Globe and Mail | BOYD ERMAN.
New directors bring new relationships, and Canada’s greying boardrooms herald an opportunity for foreign and independent investment banks that are steadily making inroads in the Canadian market...The days are long gone of an investment banker sitting on a Canadian company’s board and steering all the advisory business to his own bank (let’s be honest, odds are it was a man). Rules on director conflicts have largely ended that. But name a Canadian company and most people in finance can recite the house banker, and it’s often one that does the lending.

Those relationships are not going to just go away. But the potential for conflict of interest is going to mean that the major banks are going to find themselves sharing merger fees more often with outside firms that are independent. Board renewal is only going to accelerate that.
Boyd_Erman  boards_&_directors_&_governance  conflicts_of_interest  advice  banks  demographic_changes  investment_banking  Bay_Street  mergers_&_acquisitions  M&A  relationships 
november 2013 by jerryking
The economics of equity research: Analyse this
Sep 21st 2013 | | The Economist |

Check out also Bloomberg Magazine or FT for articles on the future of equity research.

Independent providers do not have an answer to every problem: making research on smaller firms profitable is a perennial issue. But they do offer radically different services from the banks’ unimaginative valuation models. Bespoke services are in demand. Hedge funds now use research dollars to pay for ground surveillance on the progress of mining or oil projects in Africa, in order to value them better. Others take to the sky. RS Metrics, a satellite-intelligence provider, has reported strong demand from the financial sector for its aerial-imaging services. Some funds even hire former intelligence agents, from firms like Business Intelligence Advisors, to test whether corporate bosses are massaging the truth in investor meetings.
bespoke  equity_research  Evalueserve  geospatial  hedge_funds  imagery  investment_banking  satellites  unimaginative 
november 2013 by jerryking
Lives Lived: John Alan MacNaughton, 68 - The Globe and Mail
Jul. 04 2013 | The Globe and Mail | ALENA SCHRAM.

“We were doubly blessed – as a generation graduating into a Canada of almost limitless opportunities, and as a group of individuals that had been given an enchanted summer as their launching pad.”
obituaries  1967  inspiration  Bay_Street  investment_banking  retrospectives 
july 2013 by jerryking
Michael Tory: From Lehman’s ashes, a banker is reborn
Dec. 15 2012 | The Globe and Mail | ERIC REGULY.

Mr. Tory had launched a firm called Quattro Partners, since recast as Ondra Partners, which he tailored to the harsh new reality of the post-Lehman world. It would be a pure advisory firm, making it rare, perhaps unique, in London’s cluttered investment banking industry, where the transaction – and the typically fat fee that goes with it – utterly dominates the business model. In the deliciously brutal argot of the street, this is known as “eat what you kill.”

Ondra would make advice its only activity; the firm’s livelihood would not depend on transactions such as debt underwritings or success fees on mergers and acquisitions. It would only take on clients who would pay retainers to cover Ondra’s running costs, with any discretionary transaction-related fees adding to profit.

None of the partners would get stinking rich, but, equally, they would not have to act as shills, eternally pushing services or products because they paid jackpot returns, not necessarily because they were in the best interests of the client. ...Ondra is becoming a player in the City, as London’s financial district is known. Its name is popping up regularly in the financial press and its clients are getting bigger. They include GDF Suez, Prudential, Société Générale and National Grid.
Eric_Reguly  London  United_Kingdom  investment_banking  Ondra  start_ups  eat_what_you_kill  boutiques  John_Tory 
december 2012 by jerryking
'Congratulations, you've become a Goldman Sachs partner' | Business | The Guardian
Jill Treanor, City editor
The Guardian, Thursday 8 November 2012

To be selected, candidates will have survived a process known as "cross-ruffing", a term borrowed from the card game bridge. Insiders describe it as a rigorous cross-checking procedure that involves teams of Goldman partners interviewing each other about potential candidates.

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The individuals being cross-ruffed should, in theory, be unaware that their strengths and weaknesses are being scrutinised. They are not interviewed........ describes how partners are given the job of interviewing their fellow partners to discuss candidates put forward by divisional heads. The partner selected to cross-ruff is always drawn from another part of the firm, possibly even in another part of the world. No stone is left unturned — every aspect of their career to date is scrutinised — the deals they have worked on, the profit they have generated and the way they are regarded by their colleagues and staff.

The process, which Cohan believes was formalised by former Goldman banker and existing board member Stephen Friedman, continues even though the firm was floated on the stock market in 1999 and is no longer a partnership in the conventional sense. But the idea of partnership was retained "to maintain various core aspects of the firm's partnership culture among its leaders, including teamwork, client focus and a commitment to excellence".
Goldman_Sachs  partnerships  movingonup  howto  Wall_Street  career_paths  investment_banking  cross-checking  William_Cohan 
november 2012 by jerryking
Giving Great Advice
Janaury 2008 | HBR | Interview of Bruce Wasserstein by Tom Stewart and Gardiner More.

HBR’s editor, Thomas A. Stewart, and senior editor Gardiner Morse
spent many hours at Lazard and interviewed Wasserstein, setting out to understand how he creates value as a manager, as a deal maker, and as a counselor to CEOs. How does he attract and
manage talent, build and sustain knowledge businesses, size up companies and industries, and craft advice?

Wasserstein describes his approach as discovering whether a deal or strategy “makes sense.” Such sensemaking seems to underlie every move he makes, and it has paid off handsomely. Following is an edited presentation of HBR’s conversations with Wasserstein...first to execute deals really well and then to market that track record.

How do you develop individual talent? The idea is to create a hothouse where young talent is nourished by our culture and people are encouraged to think creatively, think deeply,
think about the long-term client relationship—but above all, think. I want them to reflect on what they are doing and why, and then wonder,“Can we do better?”

Talk about the advice business. What are CEOs looking for as you’re helping them understand the landscape? What do they
need that you’ve got? The point of advice is to create value. The
first thing in that effort is not to assume the banker knows more than the client. The second thing is to remind the CEO that corporations have to change in order to prosper and that inaction isn’t prudent—it’s radical. What we can do is help the CEO think through an array of options, partly by asking
the necessary questions, but also by inserting some very practical observations about the effects of specific decisions.
Good advice is at least as qualitative as it is quantitative....On the other hand, there’s the more qualitative part of the advice. This strikes me as being an underdeveloped side of most investment-banking relationships. Knowing the characteristics of the industry and possible consequences of a deal comes from having seen what’s happened in many companies and industries over time. So, for example, you might say, “Look, you need a very different mentality to manage this type of business than your other businesses. You have a process-oriented mentality, but you need a more market-oriented approach. Are you confident that you’re going to be able to keep the number two guy in the company you’re acquiring? Because the number-one guy will probably leave.”

Deals that make sense. Can you elaborate on that? Law school taught me to focus on dissecting premises. Anyone who’s a good logician can build an argument on just about any premises.
The argument may be taut, but the premises may be faulty. When we do deals, I always ask, “Are the premises sound? Is the risk exposure worth it for this particular company, and have
I protected my client’s back?” We proceed by identifying and evaluating qualitatively and quantitatively the key elements of risk in the transaction—overall economy risk, strategic
risk, operating business risk, financing risk, people risk. Similarly, you need to fully understand the upsides. What are the opportunities in cost cuts, synergies, internal development,
additional investments, or revenue enhancement? It’s useful to apply all the paraphernalia of mathematical science in an analysis, but focusing on the sense of things is a much better use of time. Part of determining the sense of a deal involves understanding the macroclimate, the broader context, which I think gets too little attention.

...We think of each deal in terms of a flow chart with a series of black boxes. Each box represents a facet of the deal—for example, valuation, financing structure, approach to the other party, negotiating tactics and deal process, taxes, legal structure, contracts, market reaction, and regulatory hurdles.
advice  argumentation  Bruce_Wasserstein  contracts  cost_of_inaction  dealmakers  deal-making  downside_risks  financial_advisors  financial_risk  howto  investment_banking  J.D.-M.B.A.  Lazard  logic_&_reasoning  M&A  market_risk  mergers_&_acquisitions  operating_risk  problem_solving  product_risk  risk-assessment  synergies  team_risk  upside 
july 2012 by jerryking
The Service Patch - NYTimes.com
By DAVID BROOKS
Published: May 24, 201

Is it a good thing that so many students at elite universities aspire to work at investment banks, consultancies, hedge funds and the like?
David_Brooks  career_paths  elitism  Colleges_&_Universities  Ivy_League  investment_banking  management_consulting  students 
may 2012 by jerryking
The Bet That Blew Up for JPMorgan Chase - NYTimes.com
May 11, 2012, 8:58 pmInvestment Banking
The Bet That Blew Up for JPMorgan Chase
By PETER EAVIS and SUSANNE CRAIG
JPMorgan_Chase  investment_banking  Jamie_Dimon 
may 2012 by jerryking
Adebayo Ogunlesi: CSFB's global-banking chief -- Printout -- TIME
Dec. 02, 2002
Adebayo Ogunlesi: CSFB's global-banking chief
By Sean Gregory
Oxford  HBS  investment_banking  Nigerians  CSFB  profile  J.D.-M.B.A. 
may 2012 by jerryking
Goldman Builds Ambitious Role In Buyout Realm - WSJ.com
October 31, 2006 | WSJ | By HENNY SENDER

Goldman Builds Ambitious Role In Buyout Realm
Loans to Private-Equity Firms Edge Out Commercial Bankers; Wearing Hat as Investors, Too

Investment banks are building their financing capabilities as they build their own buyout, or private-equity, businesses....Goldman's footprint has been especially deep on complicated deals like Texas Genco. The power company was bought by the four buyout firms -- Blackstone Group, Hellman & Friedman LLC, Kohlberg Kravis Roberts & Co. and Texas Pacific Group. When those private-equity firms won Texas Genco in a hotly contested auction, they counted on Goldman for several aspects of their offer.

In addition to arranging the loans, Goldman arranged derivatives transactions that protected the new owners against the possibility of a plunge in energy prices. This hedge gave comfort to other lenders, making the financing less costly than it would otherwise have been.

Similarly, in 2005, when Cerberus Capital Management LP bought paper and timber operations from MeadWestvaco for $2.3 billion, Goldman led the financing and arranged hedges for the new owners against fluctuations in the prices of pulp, natural gas and currencies.

"If a deal requires creativity, Goldman will figure out how to make it work," says Scott Sperling of private-equity firm Thomas H. Lee Partners LP in Boston.
buyouts  private_equity  Goldman_Sachs  funding  LBOs  Cerberus  investment_banking  creativity  derivatives  hedging  owners 
april 2012 by jerryking
Zimbabwe’s first black Rhodes scholar - FT.com
March 23, 2012 7:48 pm
Zimbabwe’s first black Rhodes scholar

By Jonathan Waters
Zimbabwe  obituaries  investment_banking  Rhodes  scholars 
april 2012 by jerryking
Life after Wall Street - FT.com
February 17, 2012 8:45 pm
Life after Wall Street

By William D. Cohan
Second_Acts  investment_banking  layoffs  Wall_Street  William_Cohan 
february 2012 by jerryking
An M.&A. Jedi Returns to Morgan Stanley - NYTimes.com
January 19, 2012, 8:00 pmMergers & Acquisitions
A Jedi of Deals Brings His Magic Back to Morgan Stanley
By EVELYN M. RUSLI
mergers_&_acquisitions  M&A  Morgan_Stanley  deal-making  investment_banking  dealmakers 
january 2012 by jerryking
George Gosbee: Patriotism that's more than skin-deep - The Globe and Mail
gordon pitts
From Saturday's Globe and Mail
Published Friday, Dec. 02, 2011

Mr. Gosbee’s patriotism is buttressed by the conviction that Calgary is emerging as an energy finance and head office capital – while tempered with regret that, in the process, city and province may be losing their vaunted entrepreneurial spirit.
Gordon_Pitts  investment_banking  TMX  Alberta  Calgary  moguls  patriotism  George_Gosbee  AltaCorp  head_offices 
january 2012 by jerryking
Mike Mayo's Exile on Wall Street
NOVEMBER 5, 2011 | WSJ |By MIKE MAYO.
Why Wall Street Can't Handle the Truth
Longtime bank analyst Mike Mayo tells the inside story of why it's so hard to yell 'sell' in a crowded room—and lays out how Wall Street needs to change to avoid the next financial collapse.
investment_banking  Wall_Street  banking  excerpts  investment_banking_research  investment_research 
november 2011 by jerryking
Think Globally, Deal Locally - NYTimes.com
September 28, 2011,
Think Globally, Deal Locally
By BEN PROTESS

forging deals in developing regions comes with a unique set of uncertainties, including political, economic and regulatory risks. Wal-Mart Stores pulled out of Moscow late last year, citing an inhospitable climate for acquisitions. Ikea, fed up with corruption in Russia, suspended further investments there in 2009.

In Brazil, rising inflation has spooked investors, contributing to a 26 percent decline this year in the MSCI Brazil index.
private_equity  emerging_markets  decline  deal-making  globalization  Indonesia  investment_banking  risks  frontier_markets  uncertainty  political_risk  regulatory_risk  economic_risk 
september 2011 by jerryking
Good at Chess? A Hedge Fund May Want to Hire You - NYTimes.com
September 29, 2011, 6:56 pm Investment Banking | Off The Clock
Good at Chess? A Hedge Fund May Want to Hire You
By DYLAN LOEB MCCLAIN
hedge_funds  chess  investment_banking 
september 2011 by jerryking
Caveat Quattrone
14 Sep 2011 | Reuters Breakingviews | By Robert Cyran. When
Frank Quattrone comes calling, buyers should beware. The latest coup for
the former CSFB ace is persuading Google to bid against itself for
Motorola Mobility. Since launching Qatalyst Partners, his premium
investment bank, Quattrone has extracted a much higher premium for
clients than rival tech bankers. Silicon Valley has now been given fair
warning.
Silicon_Valley  investment_banking  mergers_&_acquisitions  M&A  Frank_Quattrone  Qatalyst_Partners  boutiques 
september 2011 by jerryking
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