HomeInvestmentBoutique D'Angelin & Co names first new associate in 5 years

Boutique D’Angelin & Co names first new associate in 5 years

The boutique, based by the previous head of European funding banking Lehman Brothers, has named its first new associate since opening 5 years in the past.

D’Angelin & Co, a advisor with about 12 staff who’s engaged on multibillion-dollar offers with bigger banks, has promoted Alessio Pieri as a associate, a spokesman confirmed. Monetary information

He turns into the third associate of the agency, together with founder Benoit D’Angeline and Laurent Clarenbach, who joined him from rival boutique Ondra Companions shortly after the financial institution’s launch in 2017.

Pieri, 38, was a key stakeholder within the deal as a part of d’Angelin & Co’s function, advising Fiat Chrysler with Goldman Sachs on a large $ 52 billion merger with rival automotive producer PSA Peugeot final yr. The boutique additionally labored with Groupe BPCE to purchase out the remaining 29.3% stake from minority shareholders in funding financial institution Natixis.

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D’Angeline spent over a decade at Lehman Brothers, increasing his European funding banking enterprise, which he led, earlier than leaving as a purchaser in 2006. He was the manager director of the London department of hedge fund Centaurus Capital till 2009, when he opened the Ondra Companions boutique with Michael Tory, who headed UK funding banking at Lehman.

D’Angeline left Ondra in November 2016 and returned just a few months later together with his personal boutique. Though Ondra employs about 30 staff, in response to current reviews, each banks observe comparable fashions of charging prospects a month-to-month flat charge no matter whether or not any transactions are accomplished.

Pieri joined d’Angelin & Co 4 years in the past, leaving Ondra Companions in August 2017.

To contact the writer of this story with suggestions or information, e mail Paul Clarke.

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