360° Coverage : Moelis Investment Bank Files For IPO

2 Updates

Moelis Investment Bank Files For IPO

Mar 4 2014, 6:43pm CST | by

Moelis & Co., the investment bank founded by Los Angeles dealmaker Ken Moelis, filed paperwork with the Securities & Exchange Commission to raise as much as $100 million in an initial public...

Filed under: news

 
 
 

25 weeks ago

Moelis Investment Bank Files For IPO

Mar 4 2014, 6:43pm CST | by

Moelis & Co., the investment bank founded by Los Angeles dealmaker Ken Moelis, filed paperwork with the Securities & Exchange Commission to raise as much as $100 million in an initial public offering.

Moelis is a former top UBS investment banker who left the Swiss financial firm to found his own financial advisory firm in 2007. He has apparently built one of the larger independent outfits advising on mergers & acquisitions and other financial transactions. According to the SEC filing, Moelis & Co. generated revenues of $411.4 million in 2013 and its profits soared by 99% to $70.2 million.

Moelis’ firm has in the last year advised on some big deals, including the $23 billion sale of H.J. Heinz to Berkshire Hathaway and 3G Capital, and the $11 billion sale of NYSE Euronext to IntercontinentalExchange.

The IPO filing comes at a time when big investment banks like Goldman Sachs are increasingly seeing a slowdown in their key fixed income trading businesses. But at the same time, some smaller advisory firms like Lazard and Evercore Partners are seeing some success.

In its securities filings, Moelis & Co., clearly argues that independent advice is in high demand. In 2013, 80% of the top 10 announced M&A deals and 75% of the top 20 announced M&A deals included independent advisors, the IPO filing says. By comparison, in 2003 30% of both the top 10 and top 20 announced M&A deals included independent advisors.

Indeed, one man operating without an institution behind him, Paul J. Taubman, has advised on two of the biggest Wall Street deals of the last year—Verizon Communications’ $130 billion purchase of the part of Verizon Wireless it didn’t already own from Vodafone and Comcast’s $45 billion merger with Time Warner Cable.

In the case of Moelis & Co., the IPO will help to make a bunch of investment bankers richer by making their holdings in the firm they are working for liquid. Moelis, Navid Mahmoodzadegan, and Jeffrey Raich are among the biggest shareholders of the firm, but their exact ownership was not listed in the securities filing.

Source: Forbes Business

 
Update
2

20 hours ago

Khazanah throws MAS RM6b lifeline

Aug 29 2014 5:01pm CDT | Source: Business Times Singapore

August 30, 2014 1:15 AMKHAZANAH Nasional will inject RM6 billion (SS$2.4 billion) over three years to resuscitate loss-making Malaysia Airlines (MAS) under a recovery plan that includes even an Act of Parliament. Other key moves are migrating its operations, assets and liabilities to a new company (NewCo) and slashing the workforce of ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
1

1 day ago

MAS posts loss of RM307m for Q2

Aug 28 2014 5:00pm CDT | Source: Business Times Singapore

August 29, 2014 1:13 AMMALAYSIA Airlines (MAS) registered a loss of RM307 million (S$122 million) for the second quarter to end-June, but warned of worse to come in the second half when the "full financial impact of the double tragedies ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

Modi, Abe strike chord; Kyoto to help make Varanasi smart city (Intro Roundup)
Kyoto, Aug 30 (IANS) Warmth, mutual admiration and convergent views marked the meeting between Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe Saturday as India hoped the two sides would strive to achieve in five years the unrealised potential of the past five decades.
 
 
Modi, Abe strike chord, India hopes ties reach full potential (Roundup)
Kyoto, Aug 30 (IANS) Warmth, mutual admiration and convergence of views marked the meeting between Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe Saturday as India hoped the two sides would strive to achieve in five years the unrealised potential of five decades.
 
 
Modi in Japan: Kyoto-Varanasi partnership pact inked
Kyoto, Aug 30 (IANS) Indian Prime Minister Narendra Modi began a five-day visit to Japan Saturday, a day that saw the inking of a partnership agreement between Varanasi, one of the oldest continuously inhabited cities in the world, and Kyoto, which was the capital of Japan for over 1,000 years.
 
 
Essar sells Kenya telecom business for $120 million
Nairobi, Aug 30 (IANS) Essar Capital Saturday announced the signing of binding agreements with Safaricom and Airtel for the sale of its telecom business in Kenya for $120 million.
 
 
 

Latest from the Network

Modi, Abe strike chord; Kyoto to help make Varanasi smart city (Intro Roundup)
Kyoto, Aug 30 (IANS) Warmth, mutual admiration and convergent views marked the meeting between Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe Saturday as India hoped the two sides would strive to...
Read more on Politics Balla
 
Sindhu loses in semis, settles for bronze
Copenhagen, Aug 30 (IANS) India's P.V. Sindhu had to be content with the bronze as Spaniard Carolina Marin proved the better shuttler on the day, winning the women's singles semi-final quite easily in straight games at...
Read more on Sport Balla
 
Third ODI scoreboard: India vs England
Nottingham, Aug 30 (IANS) The following is the scoreboard of the third One-Day International (ODI) between India and England at Trent Bridge here Saturday. England: Alastair Cook st Dhoni b Rayudu 44 Alex Hales c...
Read more on Sport Balla
 
Liam Payne and Niall Horan: 'Cow poo' reminds us of home
One Direction's Liam Payne and Niall Horan have admitted ''cow poo'' reminds them of home. The 'Little Things' hitmakers start to feel nostalgic when they get a whiff of manure whilst they're away touring with their...
Read more on Celebrity Balla
 
Sindhu goes down in semis, settles for bronze
Copenhagen, Aug 30 (IANS) India's P.V. Sindhu went down in the women's singles semi-final and had to settle for the bronze, losing to Spanish ninth seed Carolina Marin in straight games of the World Badminton...
Read more on Sport Balla
 
India outclass England to take 2-0 unassailable lead
Nottingham, Aug 30 (IANS) India beat England by six wickets in the third One-Day International (ODI) at Trent Bridge here Saturday, taking an unassailable 2-0 lead in the five-match series. After the first ODI was...
Read more on Sport Balla
 
Modi, Abe strike chord, India hopes ties reach full potential (Roundup)
Kyoto, Aug 30 (IANS) Warmth, mutual admiration and convergence of views marked the meeting between Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe Saturday as India hoped the two sides would strive...
Read more on Politics Balla
 
India beat England by six wickets in third ODI
Nottingham, Aug 30 (IANS) India eased to a six-wicket win over England in the third One-Day International (ODI) at Trent Bridge here Saturday. After bowling out England for 227 in 50 overs, India had little problem...
Read more on Sport Balla
 
Protests, sit-ins affecting Pakistan's progress: Nawaz Sharif (Roundup)
Islamabad/Lahore, Aug 30 (IANS) Prime Minister Nawaz Sharif Saturday said the sit-ins and protesters have affected Pakistan's progress and people's mandate cannot be sabotaged by a few thousand people, even as Pakistan...
Read more on Politics Balla
 
Kim Kardashian West's daughter brushes own hair
Kim Kardashian West's daughter likes to brush her own hair. The 33-year-old reality TV star admits 14-month-old North - whom she has with her husband Kanye West, 37 - will definitely take after her when it comes to...
Read more on Celebrity Balla