Kenneth Moelis, who over 30 years as an investment banker has advised companies controlled by billionaires including Carl Icahn, Donald Trump and Steve Wynn, is preparing to take the firm he founded public as dealmaking rebounds to pre-financial crisis levels.
Moelis & Co., the advisory firm founded in 2007 by former UBS AG banker Kenneth Moelis, is exploring an initial public offering early this year, according to two people with knowledge of the preparations.
BlackRock Inc. auctioned C$1.9 billion ($1.72 billion) of restructured asset-backed commercial paper held by investors in the second organized sale of such notes since Canada’s short-term debt market collapsed more than six years ago.
Patience and deep pockets are paying off for King Street Capital Management LP, Anchorage Capital Group LLC and other hedge funds that may double their money on holdings arising from a record C$32 billion debt restructuring.
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.
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.
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.