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from the University of California at Berkeley. The firm, which has a competitive advantage by doing most of its own loan originations and investing in companies that are No. The firm was formed in January 2001, when the merchant banking group of Wasserstein Perella & Co., Inc., a global investment banking firm, spun out to become an independent firm upon the acquisition of the remainder of Wasserstein Perella by Dresdner Bank. At present, he is a Senior Advisor at Providence Equity Partners, Inc., a leading private equity investment firm specialising in media, communications and information companies and is the Chairman of Governor Andrew Cuomos New NY Education Reform Commission. PWP provides financial and structuring advice in connection with capital raising alternatives, including debt, equity, and hybrid capital, identifying alternative sources of growth capital, including SPACs and private capital, and assisting with identifying investors, developing terms and structuring the transaction. This means that every time you visit this website you will need to enable or disable cookies again. EagleTree believes that it is better positioned to address many of the issues facing our portfolio companies in a rapidly changing world when we proactively incorporate ESG considerations into our investment approach. Before joining Time Warner, in 1995, Mr. Parsons was Chairman and CEO of Dime Bancorp, Inc., one of the largest thrift institutions in the United States. Before becoming President and Chief Investment Officer of Wasserstein Debt Opportunities Management, LP, in 2013, Mr. Bagaria was a Partner and Investment Committee member of Apollo Investment Management (Apollo), the investment manager of Apollo Investment Corporation (AIC), a publicly traded business development company. He has over 25 years of experience in investment banking and private equity and has been responsible for building and overseeing both industry and product groups at major investment banking firms. Zachary joined Alta Semper in 2016 and brings more than nine years of advisory and investing experience to the firm. Dresdner Kleinwort Wasserstein (DrKW) operates as the investment banking arm of Germany's Dresdner Bank AG. He began his career at The First Boston Corporation.He recently served on the Boards of Directors of Harry & David, Encompass Digital Media, and Access Scientific. Blackstones acquisition of GSO has been an undisputed winner. Bayern Munich is keeping pace with Borussia Dortmund at the top of the table ahead of the season-defining clash against Paris Saint-Germain on Wednesday. Competition from increasingly bigger banks was fierce. Since 2008, Blackstone has more than doubled its assets. The firm seeks to create differentiated high yield exposure through primarily private equity backed, US non-large cap high yield issues, where WDO sees potential for price inefficiency. [8], In 2000, Wasserstein Perella ranked fifth in the U.S. as an adviser on mergers and acquisitions. Goodman and Ostrover joke that Smith was responsible for DLJs success. EagleTree has always strived to maintain a strong culture of good governance to ensure that it operates in a socially responsible manner. Jan 2003 - Mar 20052 years 3 months. Northstar Travel Group acquired by Wasserstein - Wicks Group In the old days a bank might have been more willing to commit its balance sheet for long-standing clients, says Bennett Goodman, the 56-year-old G in GSO, who started his career at Drexel Burnham Lambert in the 1980s. Mr. Lauder is currently the Chairman of Clinique Laboratories, a division of The Este Lauder Companies. As it turned out, GSO had done thorough credit analysis and structured the debt appropriately, and it made 1.5 times its investment in two years, with every company paying off its debts. GSO has a view on about 1,000 companies through its CLO business, garnering leads that can be passed on to the hedge fund or other vehicles. Depending on the product, GSO has a host of competitors, including Apollo Group Management; Ares Capital Corp. (an Apollo spin-out); Avenue Capital Group; Carlyle Group; Goldman, Sachs & Co.; J.P. Morgan Asset Managements Highbridge Capital Management; KKR & Co.; Oaktree Capital Management; and TPG Capital. This website uses cookies so that we can provide you with the best user experience possible. After earning his MBA in 1984, the Miami-born Goodman took a full-time job with Drexel in New York. Private equity (PE) refers to capital investment made into companies that are not publicly traded. Original price $69.99. All rights reserved. Afsane speaks conversational French, Gujarati and basic Swahili. GSO has provided much-needed credit to scores of troubled companies like Hovnanian that couldnt tap public markets or get bank loans. Victoria has worked with, and made investments in a broad range of companies, including enterprise software, wireless technologies, medical devices . Mr. Parsons was named Americas Best CEO in the entertainment industry by Institutional Investor in 2005. and co-managed the company for five years until its merger. Though the three are equal partners at GSO, Smith and Ostrover often defer to Goodman for the final word. EagleTree continues to maintain policies and procedures that prohibit bribery and other illegal payments to public officials consistent with U.S. federal and state laws, and in an effort to protect our systems, networks, programs, devices and data from cyber-attacks, has implemented a robust cyber-security framework. She co-founded Work It, Mom! Wasserstein Perella & Co., sometimes referred to as "Wasserella"[citation needed], was a boutique investment bank established by Bruce Wasserstein, Joseph R. Perella, Bill Lambert, and Charles Ward in 1988, former bankers at First Boston Corp., until its eventual sale to Dresdner Bank in 2000 for some $1.4 billion in stock. We, on the other hand, want to own the risk.. EagleTree Capital, All Rights Reserved | TermsofUse and Other Important Disclosure, 1185 Avenue of the Americas, 39thFloorNew York, NY 10036. When Smith was pitching deals at Credit Suisse, he was constantly being undercut by in-country banks. Indeed, when Hovnanian announced the land banking deal on July 13, 2012, its stock rose, its senior secured debt traded up from 84 to 97 cents on the dollar, and the price of the CDS contracts collapsed. In addition to his role at Semper Capital, Greg is on the Board of Pan African Investment Company, an early-stage venture capital investor in Africa, founded by Mr. Ronald Lauder and Mr. Richard Parsons. The only opening that day was for Drexel, which was at the bottom of the Wall Street pecking order even as it dominated the business of financing non-investment-grade companies. He focused on Consumer Products and broader Sub-Saharan Africa. Land More Interviews | Detailed Bullet Edits | Proven Process, Land More Offers | 1,000+ Mentors | Global Team, Map Your Path | 1,000+ Mentors | Global Team, For Employers | Flat Fee or Commission Available, Build Your CV | Earn Free Courses | Join the WSO Team | Remote/Flex, WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file, 101 Investment Banking Interview Questions. Mr. Bagaria began his career in the leveraged finance market in 1999. With Blackstone they would get scale, a brand, idea-sharing with the firms deal makers and access to new and larger clients. In the process, Drexel helped spark an unprecedented era of prosperity in the U.S. as companies like Ted Turners Turner Broadcasting System, Craig McCaws McCaw Cellular Communications and William McGowans MCI Communications Corp. rapidly expanded by using this newly available source of capital. Balkan Advisory Company, Sofia, Bulgaria. She co-founded Work It, Mom! Instead, banks dominated the leveraged-finance markets, with few institutional buyers such as high-yield mutual funds. By 1999, however, DLJ was hamstrung by its small balance sheet and a business that was primarily domestic. Before becoming President and Chief Investment Officer of Wasserstein Debt Opportunities Management, LP, in 2013, Mr. Bagaria was a Partner and Investment Committee member of Apollo Investment Management (Apollo), the investment manager of Apollo Investment Corporation (AIC), a publicly traded business development company. Victoria Grace - Colle Capital Deal Analysis: Queens Gambit SPAC To Acquire SWVL contact@wasserco.com. Alta Semper Capital LLP is authorised and regulated by the Financial Conduct Authority (FCA) under Firm Reference Number (FRN) 756838. He was a graduate of the McBurney School, University of Michigan, Harvard Business School, and Harvard Law School, and spent a year at the University of Cambridge.He was prominent in the mergers and acquisitions industry, credited with working on 1,000 transactions with a . Alexandria, VA 22314, 515 North Flagler Drive | Suite 1450 While Goodman loves to talk, Ostrover has to be pressed for details. Though the three founders couldnt be more different, theyve maintained their partnership without a blip for 20 years. Wasserstein & Co. is an independent private equity and investment firm, with offices in New York and Los Angeles. Tudor, Pickering, Holt & Co. Securities - Canada, ULC is a Member of the Canadian Investor Protection Fund and the New Self-Regulatory Organization of Canada. Previously she was a partner at Wall Street Technology Partners LP, a $125mm mid stage technology fund. Blackstone referred Sony to GSO, which crafted a deal of mezzanine debt and equity warrants in the company. Ronald S. Lauder is an international philanthropist, diplomat, public servant, entrepreneur, investor and patron of the arts. The common things for fund are deals in the range of 10 - 50 millions dollars. Register now to read this article and more for free. GSO has $8billion in dry powder to put to work when rates eventually rise and investors inevitably sell at least some of the bonds theyve bought in recent years. Ahmed speaks English and Arabic and is based between Cairo and London. Mr. Campbell is the Founder, Managing Partner and Chief Investment Officer. Goodman liberally quotes from his uncle, Skip Bertman, a former head coach at Louisiana State University who has the best baseball record in the National Collegiate Athletic Association and who took an influential role in Goodmans life after his father passed away when he was five years old. Premium. Private equity is capital that is not noted on a public exchange. Goodman had never heard of the firm, but he distinctly remembers Frederick Joseph, Drexels CEO, passionately recounting how it financed entrepreneurs, married capital to ideas and was profoundly transforming whole industries. Manage and implement various projects in the fields of corporate finance, mergers & acquisitions, project finance, capital markets, private equity and asset management. He formerly served on the Board of Trustees of Lehigh University and served as Chairman of the Board of Trustees of Fordham Preparatory School. Mr. Lauder has long been committed to civic causes, public policy issues and has pursued impact investments in Africa since 2012. Consider whether a potential portfolio companys business aligns with EagleTrees core values. He was appointed Chief Compliance Officer in January 2017. Smith calls Europe a huge opportunity maybe a little like what Milken saw in the 1980s and DLJ in the 90s.

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