What do you guys think about this?
http://www.nytimes.com/2016/02/11/business/dealbo…
Mr. Solomon also emphasized that, with the help of Natixis, Peter J. Solomon can continue to evolve in other ways. Hundreds of small advisory firms have cropped up since he founded Peter J. Solomon in 1989. (One of those firms, Centerview Partners, recently hired Peter J. Solomon’s former president, Ken Berliner.)
Natixis’ backing could help Peter J. Solomon acquire those smaller advisers.
“I think we can be the consolidator of some of these very good small firms,” Mr. Solomon said. “I have a list on my desk of 300 firms that call themselves independent investment banks. We have been talking to them.”
I know that this also a good move to prop up the succession plan without financially burdening the exisiting partners. However, do you guys agree with the boutique consolidation argument?
Don't think Centerview, PWP, Greenhill, Moelis, Evercore, Lazard or PJT would be down but I could see some of the more sector focused ones like Financo or Qatalyst being into it.
Yeah it'll be the smaller more-sector specific ones that would be good pickups for a growing shop. Interesting dynamics with the boutique M&A advisory market
consolidation aside, does anyone have an opinion regarding Natixis providing their balance sheet to finance future deals?
Was thinking the same, but much of their financing capability is in Europe though. I think this has more to do with them wanting to diversify their business in the US than anything else. But Peter J. Solomon is a small firm...it's not going to really move the needle unless they want to consolidate more small independent firms onto PJSC
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