Moelis & Co., the advisory firm founded by Kenneth Moelis, is seeking to set up a collateralized loan obligation business as issuance of the funds rises to the most since 2007, according to three people with knowledge of the plan.
When Caroline Silver helped negotiate a $2.2 billion price for the London Metal Exchange last year, she woke a moribund market for cross-border takeovers that may yield an $8.2 billion windfall for NYSE Euronext.
Moelis & Co., the advisory firm founded by Kenneth Moelis, told its bankers it will distribute $35 million to investors and employees with a stake in the company, a person with direct knowledge of the matter said.
Sumitomo Mitsui Financial Group Inc. said it will invest in U.S. investment bank Moelis & Co. a day after the Japanese lender disclosed its $7.3 billion purchase of Royal Bank of Scotland Group Plc’s aviation division.
Dubai World’s $24.9 billion debt restructuring completed in September serves as a model for other companies in the region to follow, the chief executive officer of Moelis & Co., one of the advisers on the deal, said.
Moelis & Co. will help underwrite a $300 million bond offering for Aspect Software Inc. as the investment-banking firm seeks to diversify into capital markets from advising companies on mergers and restructurings.
Moelis & Co., the four-year-old investment bank founded by Kenneth Moelis , hired Nick Saggese , a former lawyer at Skadden, Arps, Slate, Meagher & Flom LLP who focused on private-equity deals and restructurings.