PJT Partners Inc. (NYSE: PJT) was founded in 2014, formerly known as Blackstone Advisory Inc. (Blackstone Advisory Inc.), changed its current name in March 2015, headquartered in New York, New York, USA, with 678 full-time employees. It is an investment bank that provides various strategic consulting, shareholder participation, restructuring, and private equity fund consulting and allotment services for companies, financial sponsors, institutional investors and governments around the world.
PJT Partners Inc. (PJT):
PJT Partners, Inc. is a global advisory and investment bank established on November 5, 2014 as part of the Blackstone Group’s divestiture of its financial and strategic advisory services and fund placement business. The company is headquartered in New York City, with offices in Boston, Chicago, Hong Kong, London, Madrid, San Francisco and Sydney, and employs approximately 600 people.
In 2015, The Blackstone Group merged its 30-year consulting business branch with PJT Capital LP, a strategic consulting company established by Paul Jefferey Taubman in 2013, to form PJT Partners, Inc. The main reason for Blackstone’s decision to spin off was the conflict of interest between Blackstone’s consulting services business and its investment business (including private equity, real estate investment and hedge funds). On October 1st of the same year, PJT Partners IPO was listed on the New York Stock Exchange.
PJT Partners, Inc. is divided into three business units: strategic consulting processing mergers and acquisitions, capital market consulting, derivative products, private equity, structured products and other transactions.
PJT Partners, Inc. provides a range of financial consulting and transaction execution capabilities, including mergers and acquisitions, joint ventures, minority equity investments, asset swaps, asset divestitures, acquisition defense, corporate financing consulting, private equity and distressed sales.
PJT Partners, Inc. also advises companies, creditors and financial sponsors on recapitalization, restructuring, exchange offers, debt repurchases, capital raising, and troubled mergers and acquisitions.
In addition, PJT Partners, Inc. also provides private equity fund advisory and placement services for various investment strategies, including private equity, hedge funds, real estate and secondary advisory groups.
PJT Partners Inc. (PJT) History:
In 2018, PJT acquired CamberView for $165 million, which provides clients with advice on various aspects of corporate governance and shareholder activism, including controversial situations.
The services provided by PJT Partners’ restructuring and special circumstances team include consulting companies, governments, creditors and consulting firms for bad mergers and acquisitions, recapitalization, restructuring, exchange offers, debt repurchases, and capital raising in industries such as automobiles, consumer goods, energy, and financial institutions. Financial sponsors, healthcare, real estate, gaming and leisure, manufacturing, media and communications, retail, shipping, steel and transportation. As of 2016, PJT Partners’ restructuring business has completed more than $1.9 trillion in transactions since its establishment, and it ranked first globally and in the United States in terms of announcement and completion of restructuring transactions in the first quarter of 2016. Client and restructuring cases include: Ford , General Motors , Goodyear , BCBGMAXAZRIA, Chiquita, Kodak , Hostess Brands, Mrs. Fields’ Original Cookies, Xerox , Arch Coal , CHC Helicopter, TXU Energy, Enron , Evergreen Solar, General Electric , Key Energy , Linn Energy , Odebrecht, Penn Virginia , Samson Resources, Walter Energy , American International Group(AIG), Bear Stearns, Kaupthing, Lehman Brothers, Four Seasons Health Care, Vencor, Bally, Los Angeles Dodgers, Six Flags , Cengage, Dow Corning, Molycorp, Noranda Aluminum, Verso Corporation, AT&T Canada, Comcast , Avaya, iHeartMedia , Motorola , NII Holdings , Nortel , Tribune Media , Vivacom, Caesars Entertainment Corporation, Kerzner International Resorts, Barneys New York, Macy’s, Inc. , Jack Wolfskin, JC Penney , Sears , Quiksilver , Sports Authority, Ultrapetrol, Aeroméxico, American Airlines, Delta Air Lines , Gol Transportes Aéreos, Kenya Airways.