Sagent Advisors
Encyclopedia
Sagent Advisors is an independent investment bank specializing in mergers & acquisitions advisory services. The firm focuses on transactions in the several core industry sectors: consumer & retail, energy & power, financial institutions & managed care, industrial, media & telecommunications, packaging, transportation, IT services & outsourcing, enterprise software and internet & digital media. The firm also has an active private equity
financial sponsor
coverage business.
Sagent was founded by Joel Cohen and Herald "Hal" Ritch, former co-heads of global mergers and acquisitions for Donaldson, Lufkin & Jenrette
. In March 2009, co-founder, Joel Cohen, retired from the firm. The firm was backed with capital from venture capital
investment firm GRP Partners, which holds a minority equity stake in the firm. In 2007, Sagent sold a 20% minority stake in the firm to Daiwa Securities, a Japanese financial institution.
The firm, which is based at 299 Park Avenue
in New York
, was founded in 2004. In April 2009, Sagent opened additional domestic offices in Charlotte, San Francisco and Chicago, recruiting several industry focused teams from leading investment banks. During the financial crisis of 2007–2010, Sagent and other boutique firms, have been active in recruiting investment bankers from larger integrated banks.
Private equity
Private equity, in finance, is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange....
financial sponsor
Financial sponsor
A financial sponsor is a term commonly used to refer to private equity investment firms, particularly those private equity firms that engage in leveraged buyout or LBO transactions....
coverage business.
Sagent was founded by Joel Cohen and Herald "Hal" Ritch, former co-heads of global mergers and acquisitions for Donaldson, Lufkin & Jenrette
Donaldson, Lufkin & Jenrette
Donaldson, Lufkin & Jenrette or DLJ is a defunct U.S. investment bank founded by William H. Donaldson, Richard Jenrette and Dan Lufkin in 1959. Its businesses included securities underwriting; sales and trading; investment and merchant banking; financial advisory services; investment research;...
. In March 2009, co-founder, Joel Cohen, retired from the firm. The firm was backed with capital from venture capital
Venture capital
Venture capital is financial capital provided to early-stage, high-potential, high risk, growth startup companies. The venture capital fund makes money by owning equity in the companies it invests in, which usually have a novel technology or business model in high technology industries, such as...
investment firm GRP Partners, which holds a minority equity stake in the firm. In 2007, Sagent sold a 20% minority stake in the firm to Daiwa Securities, a Japanese financial institution.
The firm, which is based at 299 Park Avenue
299 Park Avenue
299 Park Avenue is an office building in New York City located on Park Avenue between 48th and 49th streets. The building is home to the New York headquarters of UBS Investment Bank which occupies approximately two-thirds of the floors as well as MeadWestvaco and GE Capital; private equity firms...
in New York
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
, was founded in 2004. In April 2009, Sagent opened additional domestic offices in Charlotte, San Francisco and Chicago, recruiting several industry focused teams from leading investment banks. During the financial crisis of 2007–2010, Sagent and other boutique firms, have been active in recruiting investment bankers from larger integrated banks.
External links
- Sagent Advisors (company website)