Natixis takes majority stake in elite M&A advisory PJSC
February 12, 2016
French bank Natixis (EPA: KN) has agreed to acquire a 51% stake in Peter J. Solomon Company, a boutique advisory focused on retail M&A. As negative yields and post-crisis increased collateral requirements have battered European bank revenues, Natixis looks to add the less capital intensive elite boutique advisory business. In spite of a headcount of only around 20 MDs, PJSC has advised some of the largest deals in recent years including the Staples-Office Depot merger.