Hypothetically, if this deal does get completed, is that ultimately bad for PJS? It seems to me that while they may get a nice boost in the league tables, they will be losing one of their biggest, if not biggest, clients.
Or does working solo on a deal like this create enough good press it will ultimately benefit the boutique bank?
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NERD ALERT
LOL.
So....are you advising PJS not to work on an M&A deal because there is a risk they will "lose" one of their biggest clients? What industry are you in again...
Come on man...
Once a Board and mgmt team sell their company (especially a company as large as ODP), it's not uncommon to see the same members resurface later at different companies in similar roles. In addition, board members and CEOs also usually have board seats at multiple other companies.
These relationships can lead to future business for PJS. If PJS got ODP a good result and the mgmt/board were happy with PJS' work, it's not hard for them to call on the same PJS bankers down the line if they are contemplating new transactions at their other companies (or vice versa, if PJS wants to pitch/originate new business).
Thank you for a real answer. Clearly I wasn't advising them not to work on a deal like this. It just seems like an interesting dilemma- If Office Depot accounts for a large percentage of their work, and Office Depot no longer exists - what does that mean for PJS down the road.
No dilemma, as PJS doesn't have to make a choice.
Furthermore, does anyone know if Office Depot board members will be on the Staples board?
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