Their site has M&A on it still, but the deal I thought was expected to close in 2015 at some point. What happened? Did the deal fall through, or is it still going on? Would it be stupid to apply for a summer internship?
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The deal is still on track - the spin-off is on Oct 1, 2015
Friend at BX PE claimed in passing it was getting spun off into another entity before 2016 SAs start work. Can anyone confirm?
Yes - not sure when the official date is but they are already branding as PJT from recent decks I have seen.
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