Solomon Partners, previously known as PJ Solomon and/or Peter J. Solomon Company, is an independently operated American investment bank and financial services company headquartered in New York City. Solomon Partners advises on mergers, acquisitions, divestitures, restructurings, recapitalizations, SPACs and capital markets.
 | |
| Company type | Private Company |
|---|---|
| Industry | Investment Banking |
| Founded | 1989 |
| Headquarters | 1345 Avenue of the Americas , New York City U.S. |
Number of employees | 150 - 200 |
| Website | solomonpartners |
History
editSolomon Partners was founded in 1989 by Peter J. Solomon. It was one of the first private independent investment banking firms on Wall Street. Originally, nearly all investment banks were privately held; by the time of the creation of Solomon Partners, most of the larger investment banks had gone public. The motivating idea behind the creation of Solomon Brothers was that it would "mirror the ethos and culture" of the original privately held investment banks.[1]
Solomon Partners is headquartered in New York City and has additional offices in Chicago and Miami.
In June 2016, Solomon Partners (at the time known as PJ SOLOMON) entered into an alliance with Natixis, a French financial services firm owned by Groupe BPCE, to expand its global M&A advisory and financing platform.[2]
In September 2021, the company changed its name to Solomon Partners.[3]
Transactions
editSolomon Partners' practices cover a number of investment verticals including business services, consumer retail, industrials, financial sponsors, financial services and fintech, grocery, pharmacy, restaurants, healthcare, infrastructure, power, renewables, media, technology, and telecommunications.
Solomon Partners was involved in these notable transactions:
- The $446 million sale of Nutraceutical International Corporation to private equity firm HGGC LLC.[4]
- The $1 billion recapitalization and conversion sale of Save-A-Lot.[5]
- The acquisition of Endemol Shine Group by Banijay.[6]
References
edit- ^ "Wall Street: Back to the old school". Financial Times. 14 July 2009. Retrieved July 14, 2009.
- ^ SOLOMON, PJ (2019-01-22). "PJ SOLOMON Celebrates 30th Anniversary with Corporate Rebrand and New Website". GlobeNewswire News Room (in French). Retrieved 2021-10-03.
- ^ Partners, Solomon (2021-09-27). "PJ SOLOMON Renames as Solomon Partners". GlobeNewswire News Room. Retrieved 2021-10-03.
- ^ Nutra ingredients-usa.com. "Nutraceutical International sold for $446 million". Retrieved May 22, 2017.
- ^ "Save A Lot Announces Successful Completion of Business Recapitalization". Business Wire. 3 April 2020. Retrieved April 3, 2020.
- ^ "Banijay Group completes acquisition of Endemol Shine". S&P Global Market Intelligence. Retrieved July 3, 2020.
External links
edit- Official website
- M&A activity has already blown past the $2 trillion mark in a record-breaking 2021. Fortune, June 2, 2021.
- Amazon and Walmart are investing capital to be both leading retailers and leading grocers: M&A Advisor. Yahoo! Finance, June 21, 2021.
- PJ SOLOMON Appoints Jon Hammack as New Global Head of Healthcare. GlobeNewswire, July 1, 2021.
- CVS and Walgreens Were Reeling. Now They're Riding a COVID-19 Wave. The Wall Street Journal, June 18, 2021.
- Ward, Vicky (2010). The Devil's Casino: Friendship, Betrayal, and the High Stakes Games Played Inside Lehman Brothers. Hoboken, NJ: John Wiley & Sons. ISBN 978-0-470-54086-2.
- Kanter, Rosabeth Moss, Barry A. Stein, and Todd D. Jick (1992). Challenge of Organizational Change: How Companies Experience It and Leaders Guide It.. New York: Simon & Schuster. ISBN 0-7432-5446-5.