Moelis & Company

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Moelis & Company
Company typePublic
NYSE: MC (Class A)
Russell 2000 Component
S&P 600 Component
IndustryFinancial services
Founded2007; 17 years ago (2007)
FounderKen Moelis
Headquarters399 Park Avenue, New York City, US
ProductsInvestment banking
Revenue$1.558 billion (2021)[1]
Number of employees
1107
Websitewww.moelis.com, www.moelisaustralia.com.au

Moelis & Company is a global investment bank that provides financial advisory services to corporations, governments, and financial sponsors. The firm advises on strategic decisions such as mergers and acquisitions, recapitalizations and restructurings and other corporate finance matters.[2] Moelis is widely considered one of the most prestigious investment banking advisory firms and has advised on more than $4 trillion in transactions since its inception. [3]

It was founded in 2007 and is headquartered in New York, with 20 offices in North and South America, Europe, the Middle East, Asia and Australia.[4] It has 1078 employees, including 765 investment bankers. Of the 137 managing directors, averaging more than 20 years of experience each, 56 are former sector and product heads.[5]

History[edit]

Moelis was founded in July 2007 by Ken Moelis and partners including Navid Mahmoodzadegan and Jeffrey Raich.[2] The firm opened in New York and Los Angeles, and became a top 10 ranked M&A advisor in the US in its first full year of operations,[2] advising on transactions such as Anheuser-Busch's $61.2 billion sale to InBev, Yahoo's defense from Microsoft's $44.6 billion unsolicited proposal, and Hilton Hotels' $26.5 billion sale to The Blackstone Group.[6]

In July 2008, Moelis opened its restructuring practice by hiring the co-heads of Jefferies' restructuring[7] and advising on the $22.2 billion reorganization of Delphi Automotive, and the $29.6 billion reorganization of AMR Corp and $17.0 billion merger with US Airways Group. Matthew Prest, the restructuring head of European corporate finance firm Close Brothers,[8][9] soon followed with his team to join Moelis in London.[10] Early European restructuring mandates included the £1.5 billion recapitalization of the Co-operative Bank and the €15.4 billion restructuring of Glitnir.[11]

In June 2009 Mark Aedy joined Moelis as head of EMEA Investment Banking based in the London office.[12] Early mandates in Europe included advising Natixis on the €30.0 billion disposal of most of its complex credit derivative portfolio.[6]

In August 2009 Moelis opened an office in Sydney, Australia, led by a team from JP Morgan.[13] In Australia, Moelis has advised SABMiller on the A$11.7 billion acquisition of Fosters Group, advised a consortium including Deutsche Bank, KKR and Värde Partners on the A$8.2 billion acquisition of GE Capital Australia & New Zealand Consumer Finance, and advised Centro Properties on the A$4.3 billion restructuring and A$5.0 billion merger of Australian interests.[6]

The firm opened a Dubai office in January 2011 [14] while advising the Government of Dubai on the $24.9 billion restructuring of its investment holding company, Dubai World.[6] The firm also expanded into Asia by opening a Hong Kong office.[15]

In January 2012, Moelis announced a strategic alliance agreement with the second largest Japanese bank, SMBC and its subsidiary SMBC Nikko Securities.[16] Together they have advised on significant cross-border M&A, including Osaka Securities Exchange's ¥278.4 billion combination with the Tokyo Stock Exchange.

In March 2014, the firm expanded into South America, opening an office in São Paulo, Brazil.[17]

In April 2014, the firm completed its initial public offering and began trading on the New York Stock Exchange.[18] Moelis had advised on over $1 trillion in transactions by the time of its IPO.[19] Employees maintain ownership of the majority of the company.[20]

In June 2014, Moelis established a private funds advisory business with four hires.[21]

In February 2015, the firm opened its Washington DC office, following the hire of Eric Cantor, former House Majority Leader, in September 2014.[22]

In April 2017, the firm held an initial public offering (IPO) for its Australian business, Moelis Australia.[citation needed]

Global reach[edit]

Moelis operates from 21 offices globally across North and South America, Europe, the Middle East, Asia, and Australia:[23]

*Strategic Alliance with SMBC and SMBC Nikko **Strategic Alliance with Alfaro, Dávila & Scherer

See also[edit]

References[edit]

  1. ^ "Moelis & Company Reports Record Full Year 2021 Financial Results". moelis.com. Retrieved March 9, 2022.
  2. ^ a b c Moelis & Company Overview Archived February 18, 2013, at the Wayback Machine Company Website
  3. ^ "Vault Banking 25". Retrieved November 19, 2022.
  4. ^ Moelis & Company History Archived April 4, 2013, at the Wayback Machine Company Website
  5. ^ "Overview – Moelis & Company". investors.moelis.com. Retrieved November 10, 2019.
  6. ^ a b c d "Moelis & Company Select Transactions". www.moelis.com. Archived from the original on September 14, 2014. Retrieved February 7, 2016.
  7. ^ McCracken, Jeffrey. "Key Jefferies Hands Jumping to Moelis". Wall Street Journal. ISSN 0099-9660. Retrieved December 10, 2015.
  8. ^ Mychasuk, Emiliya; Terazono, Emiko (April 29, 2009). "Moelis debt man". Financial Times. ISSN 0307-1766. Retrieved December 10, 2015.
  9. ^ "Moelis & Company Announces Matthew Prest and Charles Noel-Johnson to Join in Recapitalization & Restructuring". Reuters. April 29, 2009. Archived from the original on December 11, 2015. Retrieved December 10, 2015.
  10. ^ Mychasuk, Emiliya (September 2, 2010). "Moelis circling". Financial Times. ISSN 0307-1766. Retrieved December 10, 2015.
  11. ^ Wilson, Harry (September 21, 2013). "Will Wall Street sink the Co-op?". Telegraph.co.uk. Retrieved February 7, 2016.
  12. ^ "Press Release: Moelis & Company Announces Mark Aedy to Join as Head of Europe, Middle East and Africa Investment Banking". www.moelis.com. Archived from the original on December 22, 2015. Retrieved December 20, 2015.
  13. ^ "Press Release: Moelis & Company Opens Sydney Office; Expands to Australia". www.moelis.com. Archived from the original on December 22, 2015. Retrieved December 20, 2015.
  14. ^ "Press Release: Moelis & Company Opens Dubai Office; Expands to Middle East". www.moelis.com. Archived from the original on December 22, 2015. Retrieved December 21, 2015.
  15. ^ "Press Release: Moelis & Company Expands to Asia; Acquires Hong Kong-Based Asia Pacific Advisers". www.moelis.com. Archived from the original on December 22, 2015. Retrieved December 21, 2015.
  16. ^ "Press Release: Enhanced Business and Capital Alliance between Moelis & Company, Sumitomo Mitsui Banking Corporation, and SMBC Nikko Securities Inc". www.moelis.com. Archived from the original on December 23, 2015. Retrieved December 22, 2015.
  17. ^ "Moelis & Co opens Brazil unit as independent shops tap local M&A". Reuters. March 11, 2014., March 11, 2014
  18. ^ "Moelis & Company Form 8-K". sec.gov. Retrieved October 8, 2015.
  19. ^ "High-profile boutique advisory firm Moelis files for IPO". Marketwatch. Retrieved February 14, 2016.
  20. ^ "Document Contents". investors.moelis.com. Archived from the original on December 22, 2015. Retrieved December 13, 2015.
  21. ^ "Moelis Creates Private Equity Fund-Raising Team by Hiring From a Rival". New York Times DealBook. June 16, 2014., June 16, 2014
  22. ^ "Moelis's Cantor to Seek Out Defense Clients in Washington". Bloomberg., February 24, 2015
  23. ^ "Offices". www.moelis.com. Archived from the original on March 24, 2016. Retrieved March 24, 2016.

External links[edit]

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