Peter J. Solomon Company

Peter J. Solomon Company Company Profile

THE SCOOP

Ex-Lehman Brother branches out

Peter J. Solomon opened his eponymous Manhattan firm in 1989. Before striking out on his own, the Harvard-educated Solomon had spent many years at Lehman Brothers. As of March 2014, the firm's upper crust included the founding chairman, Peter J. Solomon; Kenneth T. Berliner, president; Frederick M. Seegal and Marc S. Cooper, vice chairmen; Kenneth D. Baronoff, managing director and chief operating officer; 15 managing directors; and three senior advisers.

Peter J. Solomon Company (PJSC) offers strategic and financial advice to owners, chief executives, senior management, and boards of directors of public and private companies. The firm's industry expertise includes retail, wholesale catalog distribution; e-commerce, branded and unbranded consumer products; media, entertainment; technology and communications; energy, financial and industrial; and health care sectors. Since its founding, PJSC has completed more than 500 advisory assignments.

Business at PJSC is divided into five primary divisions: mergers and acquisitions; recapitalizations, refinancings and restructurings; financing advisory services; the special committee practice (which provides counsel to corporate boards and renders fairness opinions); and the family business advice practice. But don't mistake this last division for something out of Norman Rockwell; PJSC advises families like the Fortunoffs, the Comers (who owned retail giant Lands' End), the Rabbs (former owners of the Stop & Shop grocery chain) and the Wylys (who owned the Michaels craft supply stores, and entered into a $5.6 billion leveraged buyout agreement with Bain Capital and the Blackstone Group). The firm also defends companies in proxy and takeover contests.

PJSC is a well-known powerhouse in retail deals-it advised on Phillips-Van Heusen's acquisitions of Warnaco Group and Tommy Hilfiger and Walgreens' acquisition of New York drugstore chain Duane Reade-and from the beginning of 2009 through May 2010, the firm advised on a higher volume of M&A deals than any other investment bank, according to Bloomberg.  During the period, PJSC advised on $5.6 billion worth of total merger and acquisition deals, which was more than Goldman Sachs, Morgan Stanley and Credit Suisse, among others. More recently, its clients have included eBay, The Home Depot, Office Depot, Under Armour, Sirius XM, RadioShack, American Greetings, and American Apparel In addition, PJSC's media practice has been busy recently, representing CBS Outdoor, London Stock Exchange Group, and Media General. The firm also has a strong restructuring practice, which has recently advised Overseas Shipholding Group and The Dolan Company.

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Peter J. Solomon Company


1345 Avenue of the Americas
New York, NY 10105
Phone: (212) 508-1600
Fax: (212) 508-1633
www.pjsc.com

STATS


  • Employer Type: Private
  • Founder & Chairman: Peter J. Solomon
  • 2014 Employees: 71

Major Office Locations

  • New York, NY

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