Moelis & Company, the boutique firm founded by a former UBS banker, Ken Moelis, scored a coup with its role as an adviser to Yahoo as the Web company weighs Microsoft’s takeover bid.
According to Financial News, the mandate marks Mr. Moelis’ biggest advisory contract since he opened his new firm, eclipsing its $26.7 billion role, alongside UBS, advising Hilton Hotels on a buyout offer from the Blackstone Group.
Moelis & Company and Yahoo’s other advisers, Goldman Sachs and Lehman Brothers, are set to share more than $100 million in fees if the deal is completed, Financial News said.
http://dealbook.blogs.nytimes.com/2008/02/12/yaho…
Thoughts about the future of Moelis & Co.?
Nice plug.
Moelis managed to do in 4 months what Perella Weinberg couldn't do in 18...
GameTheory, what do you have against Perella?
I have no beef with Perella Weinberg. Perella himself is/was a great banker. But for the amount of hype that shop was surrounded with, coupled with the fact that their roster is stacked with veteran bankers from around the street and the exponential growth of the headcount of the firm, they should have been the next Evercore (or better). On top of that, they were formed in the height of the M&A boom. I think everyone can agree that PWP has been a major letdown.
Moelis started his boutique at the worst possible time, with the economy headed for recession and sponsor M&A (some of his biggest clientele) completely shut down, and he's still able to grab share. I can respect that.
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