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 , image_map = , map_caption = Interactive Map of Chicago , coordinates = , coordinates_footnotes = , subdivision_type = Country , subdivision_name ...

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 website

M&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 {{DEFAULTSORT:Solomon Partners