Foros is a boutique

investment bank Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing is ...

headquartered in New York. Founded in 2009 by former

Deutsche Bank Deutsche Bank AG (), sometimes referred to simply as Deutsche, is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Sto ...

M&A chief Jean Manas, the firm provides divestitures, joint ventures, capital raising, spin-offs and split-offs, raid defense, and mergers and acquisitions advisory services. In its first months of operation, Foros advised

Virgin Mobile USA Virgin Mobile USA was a no-contract Mobile Virtual Network Operator. It used Sprint's network for coverage. It licensed the Virgin Mobile brand from United Kingdom-based Virgin Group. Virgin Mobile USA was headquartered in Kansas City, Missou ...

on its $680 million sale to

Sprint Nextel Sprint Corporation was an American telecommunications company. Before it merged with T-Mobile US on April 1, 2020, it was the fourth-largest mobile network operator in the United States, serving 54.3 million customers as of June 30, 2019. The co ...

and

Ciena Corporation Ciena Corporation is an American telecommunications networking equipment and software services supplier based in Hanover, Maryland. The company has been described by ''The Baltimore Sun'' as the "world's biggest player in optical connectivity." T ...

on its $520 million purchase of

Nortel Nortel Networks Corporation (Nortel), formerly Northern Telecom Limited, was a Canadian multinational telecommunications and data networking equipment manufacturer headquartered in Ottawa, Ontario, Canada. It was founded in Montreal, Quebec, ...

’s Metronet Ethernet Networks. In November 2009, Foros advised

IMS Health IMS Health was an American company that provided information, services and technology for the healthcare industry. IMS stood for Intercontinental Medical Statistics. It was the largest vendor of U.S. physician prescribing data. IMS Health was fou ...

in its $5.2 billion acquisition by the private equity firm TPG and the

Canada Pension Plan The Canada Pension Plan (CPP; french: Régime de pensions du Canada) is a contributory, earnings-related social insurance program. It forms one of the two major components of Canada's public retirement income system, the other component being Old ...

. This was the largest private equity sale in 2009. After its initial year, the firm has played a role in several large transactions. In 2010, Foros advised Interactive Data Corp. (IDC) in its $3.4 billion acquisition by

Silver Lake Partners Silver Lake is an American global private equity firm focused on investments in technology, technology-enabled and related industries. Founded in 1999, the firm is one of the largest technology investors in the world. Its investment holdings have ...

and

Warburg Pincus Warburg Pincus LLC is a global private equity firm, headquartered in New York, with offices in the United States, Europe, Brazil, China, Southeast Asia and India. Warburg has been a private equity investor since 1966. The firm currently has over ...

. In 2011, Foros advised Medco on its $28.5 billion sale to

Express Scripts Express Scripts Holding Company is a pharmacy benefit management (PBM) organization. In 2017 it was the 22nd-largest company in the United States by total revenue as well as the largest pharmacy benefit management (PBM) organization in the United ...

with

JP Morgan JPMorgan Chase & Co. is an American multinational investment bank and financial services holding company headquartered in New York City and incorporated in Delaware. As of 2022, JPMorgan Chase is the largest bank in the United States, the wo ...

and

Lazard Lazard Ltd (formerly known as Lazard Frères & Co.) is a financial advisory and asset management firm that engages in investment banking, asset management and other financial services, primarily with institutional clients. It is the world's lar ...

. More recently, in 2016, Foros advised

EarthLink EarthLink is an American Internet service provider. It went public on NASDAQ in January 1997. Much of the company's growth was via acquisition; by 2000, ''The New York Times'' described Earthlink as the "second largest Internet service provider ...

on its $1.1 billion merger with

Windstream Windstream Holdings, Inc., also doing business as Windstream Communications or Windstream, is a provider of voice and data network communications (broadband, VoIP, MPLS), and managed services ( virtual servers, managed firewall, data storage, clou ...

;

CA Technologies CA Technologies, formerly known as CA, Inc. and Computer Associates International, Inc., is an American multinational corporation headquartered in New York City. It is primarily known for its business-to-business (B2B) software with a product po ...

on its €600 million cross-border acquisition of Austrian-based Automic;

Consolidated Communications Consolidated Communications Holdings, Inc., doing business as Consolidated Communications, is an American broadband and business communications provider headquartered in Mattoon, Illinois. The company provides data, internet, voice, managed an ...

on its $1.5 billion acquisition of

Fairpoint Communications FairPoint Communications, Inc. was headquartered in Charlotte, North Carolina, and operated communication services in 31 markets in 17 states, mostly in rural areas. FairPoint services include local and long distance phone service, data, Interne ...

; and

Intersil Intersil is an American semiconductor company headquartered in Milpitas, California. As of February 24, 2017, Intersil is a subsidiary of Renesas. The previous Intersil was formed in August 1999 through the acquisition of the semiconductor busin ...

on its $3.2 billion cross-border sale to

Renesas is a Japanese semiconductor manufacturer headquartered in Tokyo, Japan, initially incorporated in 2002 as Renesas Technology, the consolidated entity of the semiconductor units of Hitachi and Mitsubishi excluding their dynamic random-access memo ...

of Japan.{{Cite web, url=http://forosgroup.com/2017/01/06/foros-announces-record-2016/, title=Foros Announces Record 2016, last=, first=, date=, website=forosgroup.com, publisher=, access-date=2017-01-09 In 2011, league table agencies ranked Foros among the top 15 M&A advisors and among the five top independent advisory firms in the U.S. In 2015,

Bloomberg Bloomberg may refer to: People * Daniel J. Bloomberg (1905–1984), audio engineer * Georgina Bloomberg (born 1983), professional equestrian * Michael Bloomberg (born 1942), American businessman and founder of Bloomberg L.P.; politician and ma ...

ranked Foros 28th among takeover advisers in the U.S.

References

Banks based in New York (state) Financial services companies established in 2009 Banks established in 2009 Investment banks in the United States