Solomon Partners, previously known as PJ Solomon, is an
independently operated American investment bank and
financial services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, acco ...
company headquartered in New York City. Solomon Partners advises on
mergers
Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, other business organizations, or their operating units are transferred to or consolidated with another company or business organization. As an aspect ...
,
acquisitions
Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, other business organizations, or their operating units are transferred to or consolidated with another company or business organization. As an aspect ...
,
divestitures
In finance and economics, divestment or divestiture is the reduction of some kind of asset for financial, ethical, or political objectives or sale of an existing business by a firm. A divestment is the opposite of an investment. Divestiture is ...
,
restructurings,
recapitalizations,
SPACs and capital markets.
History
Solomon Partners was founded in 1989 by
Peter J. Solomon and was one of the first private independent investment banking firms on Wall Street, created to mirror the ethos and culture of the originally privately held investment banks at a time when many of the large investment banks had gone public.
Solomon Partners is headquartered in New York City and has added offices in
Chicago
(''City in a Garden''); I Will
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and
Fort Lauderdale
A fortification is a military construction or building designed for the defense of territories in warfare, and is also used to establish rule in a region during peacetime. The term is derived from Latin ''fortis'' ("strong") and ''facere'' ...
.
In June 2016, Solomon Partners entered into an alliance with
Natixis
Natixis is a French corporate and investment bank created in November 2006 from the merger of the asset management and investment banking operations of ''Natexis Banques Populaires'' (Banque Populaire group) and ''IXIS'' (Groupe Caisse d'Epargne ...
, a French financial services firm owned by
Groupe BPCE
Groupe BPCE (for Banque Populaire Caisse d'Epargne) is a major French banking group formed by the 2009 merger of two major retail banking groups, Groupe Caisse d'Épargne and Groupe Banque Populaire. As of 2021, it was France's fourth largest ba ...
, to create an enhanced global M&A advisory and financing platform.
In September 2021, the company changed its name to Solomon Partners.
Transactions
Solomon Partners' practices cover multiple industry verticals, including business services, consumer retail, financial sponsors, fintech, grocery, pharmacy and restaurants, healthcare, infrastructure, power and renewables and technology, media and telecommunications. Select transactions include advising on the following areas.
Consumer retail
* Nutraceutical International Corporation on its $446 million sale to private equity firm
HGGC
HGGC is an American middle-market private equity firm based in Palo Alto, California, with over $6.8 billion of cumulative capital commitments.II. With the closing of Fund IV, HGGC now has more than $6.8 billion of cumulative capital commitments ...
LLC
Grocery, pharmacy and restaurants
*
Save-A-Lot
Save A Lot Food Stores Ltd. is an American discount supermarket chain store headquartered in St. Ann, Missouri, in Greater St. Louis. It is a subsidiary of Onex Corporation with about 900 independently owned and operated stores across 32 sta ...
on its $1 billion recapitalization and conversion sales
Technology, media and telecommunications
*
Banijay
Banijay (formerly Banijay Entertainment and later Banijay Group) is a French television production and distribution company which is the world's largest international content producer and distributor with over 120 production companies across 22 ...
on its acquisition of
Endemol Shine Group
Endemol Shine Group B.V. (stylized in all spaceless) was a Dutch production and distribution company of scripted and non-scripted content, responsible for programmes such as '' Big Brother'', ''Deal or No Deal'', '' The Money Drop'', ''Fear Fac ...
References
External links
Official websiteM&A activity has already blown past the $2 trillion mark in a record-breaking 2021 Fortune, June 2, 2021.
Yahoo! Finance, June 21, 2021.
*
ttps://www.globenewswire.com/news-release/2021/07/01/2256767/0/en/PJ-SOLOMON-Appoints-Jon-Hammack-as-New-Global-Head-of-Healthcare.html 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.
*
* Kanter, Rosabeth Moss, Barry A. Stein, and Todd D. Jick (1992). . New York: Simon & Schuster. .
Investment banks in the United States
American companies established in 1989
Financial services companies established in 1989
Banks established in 1989
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