Solomon Partners, previously known as PJ Solomon and/or Peter J. Solomon Company, is an independently operated American investment bank and

financial services Financial services are service (economics), economic services tied to finance provided by financial institutions. Financial services encompass a broad range of tertiary sector of the economy, service sector activities, especially as concerns finan ...

company headquartered in New York City. Solomon Partners advises on

mergers Mergers and acquisitions (M&A) are business transactions in which the ownership of a company, business organization, or one of their operating units is transferred to or consolidated with another entity. They may happen through direct absorpt ...

acquisitions Mergers and acquisitions (M&A) are business transactions in which the ownership of a company, business organization, or one of their operating units is transferred to or consolidated with another entity. They may happen through direct absorpt ...

divestitures In finance and economics, divestment or divestiture is the reduction of some kind of asset for financial, ethical, or political objectives or sale of an existing business by a firm. A divestment is the opposite of an investment. Divestiture is a ...

, restructurings, recapitalizations,

SPACs A special-purpose acquisition company (SPAC; ), also known as a blank check company or a blind-pool stock offering, is a shell corporation listed on a stock exchange with the purpose of acquiring (or merging with) a private company, thus taking t ...

and capital markets.

History

Solomon Partners was founded in 1989 by Peter J. Solomon. It was one of the first private independent investment banking firms on Wall Street. Originally, nearly all investment banks were privately held; by the time of the creation of Solomon Partners, most of the larger investment banks had gone public. The motivating idea behind the creation of Solomon Partners was that it would "mirror the ethos and culture" of the original privately held investment banks. Solomon Partners is headquartered in New York City and has additional offices in

Chicago Chicago is the List of municipalities in Illinois, most populous city in the U.S. state of Illinois and in the Midwestern United States. With a population of 2,746,388, as of the 2020 United States census, 2020 census, it is the List of Unite ...

and

Miami Miami is a East Coast of the United States, coastal city in the U.S. state of Florida and the county seat of Miami-Dade County, Florida, Miami-Dade County in South Florida. It is the core of the Miami metropolitan area, which, with a populat ...

. In June 2016, Solomon Partners (at the time known as PJ SOLOMON) entered into an alliance with

Natixis BPCE (for Banque Populaire Caisse d'Epargne) is a major French banking group formed by the 2009 merger of two major retail banking groups, Groupe Caisse d'Épargne and Groupe Banque Populaire. As of 2021, it was France's fourth-largest bank, t ...

, a French financial services firm owned by

Groupe BPCE BPCE (for Banque Populaire Caisse d'Epargne) is a major French banking group formed by the 2009 merger of two major retail banking groups, Groupe Caisse d'Épargne and Groupe Banque Populaire. As of 2021, it was France's fourth-largest bank, the ...

, to expand its global M&A advisory and financing platform. In September 2021, the company changed its name to Solomon Partners.

Transactions

Solomon Partners' practices cover a number of investment verticals including business services, consumer retail, industrials, financial sponsors, financial services and fintech, grocery, pharmacy, restaurants, healthcare, infrastructure, power, renewables, media, technology, and telecommunications. Solomon Partners was involved in these notable transactions: *The $446 million sale of Nutraceutical International Corporation to private equity firm

HGGC HGGC, LLC is an American middle-market private equity firm based in Palo Alto, California, with over $7 billion of cumulative capital commitments. Since its inception in 2007, HGGC has completed transactions with an aggregate transaction value of ...

LLC. * The $1 billion recapitalization and conversion sale of

Save-A-Lot Save A Lot Food Stores Ltd. is an American discount supermarket chain store headquartered in St. Ann, Missouri, in Greater St. Louis. It has about 720 independently owned and operated stores across 32 states in the United States with over ...

. * The acquisition of

Endemol Shine Group Endemol Shine Group B.V. (stylized as EndemolShineGroup) was a Dutch production and distribution company of scripted and non-scripted content, responsible for programmes such as '' Big Brother'', '' Deal or No Deal'', '' The Money Drop'', '' Fe ...

Banijay Banijay Entertainment S.A. (formerly Banijay Group and later Banijay) is a French multinational television production and distribution company which is the world's largest international content producer and distributor with over 130 production co ...

References

External links

Official website

M&A activity has already blown past the $2 trillion mark in a record-breaking 2021
Fortune, June 2, 2021.

Yahoo! Finance, June 21, 2021. * ttps://www.globenewswire.com/news-release/2021/07/01/2256767/0/en/PJ-SOLOMON-Appoints-Jon-Hammack-as-New-Global-Head-of-Healthcare.html PJ SOLOMON Appoints Jon Hammack as New Global Head of Healthcare GlobeNewswire, July 1, 2021.
CVS and Walgreens Were Reeling. Now They're Riding a COVID-19 Wave
The Wall Street Journal, June 18, 2021. * * Kanter, Rosabeth Moss, Barry A. Stein, and Todd D. Jick (1992). . New York: Simon & Schuster. . Investment banks in the United States American companies established in 1989 Financial services companies established in 1989 Banks established in 1989 {{DEFAULTSORT:Solomon Partners