#Moelis & Co

[emeriobanque]

Morgan Stanley has hired veteran investment banker Daniel Cohen from Truist Financial Corp. where he was the head of the firm’s healthcare services advisory business. In his new role, Cohen will focus on dealmaking in the pharmaceutical services sector.

Morgan Stanley declined to comment. A Truist spokesperson did not respond immediately to a request for comment and Cohen didn’t reply to a message sent to him via LinkedIn.

Cohen’s hire comes after veteran pharmaceutical industry bankers Arek Kurkciyan and Dennis Crandall left Morgan Stanley last year to join Moelis & Co.

[enterprisewired]

Tupperware Files for Bankruptcy Amid Mounting Losses

https://enterprisewired.com/wp-content/uploads/2024/09/EW-19-09-2024-1-Tupperware-Files-for-Bankruptcy-Amid-Mounting-Losses-Source-mypunepulse.com_.jpg

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[Source – mypunepulse.com]

Tupperware Brands, the company once synonymous with colorful food storage containers, filed for bankruptcy protection in Delaware on Tuesday. The move comes after years of financial struggles and dwindling consumer demand, marking a significant downturn for the iconic brand that became a household name in the 1950s.

Declining Sales and Distribution Struggles

Tupperware’s popularity surged in the mid-20th century with the rise of “Tupperware parties,” empowering women of the post-war era to sell products from their homes. However, in recent years, the company has faced declining sales. One of the main issues has been its difficulty in adapting to modern retail environments and online platforms, with the company continuing to rely on independent sales representatives. According to Tupperware Chief Restructuring Officer Brian Fox, the brand remains well-known, but customers have struggled to find its products, further contributing to its financial challenges.

Mounting Debt and Bankruptcy Filing

The company has faced increasing financial pressure, reporting $812 million in debt. A portion of this debt was acquired by distressed debt investors in July, who aimed to use their position to seize Tupperware’s assets, including its brand and intellectual property.In response, Tupperware files for bankruptcy protection to shield itself from creditors and explore potential buyers. Despite a recent financial boost and debt restructuring efforts, the company’s high leverage and shrinking profit margins became too burdensome, according to James Gellert, executive chairman of financial analytics firm RapidRatings.

Looking for a Buyer Amid Bankruptcy Process

Tupperware files for bankruptcy and announces plans to continue operations during the process, initiating a 30-day bidding period to find a buyer for the entire company. Despite its financial challenges, Tupperware remains determined to explore strategic options to save the brand. In 2023, the company signed an agreement with investment bank Moelis & Co to help navigate these options.

The company has estimated assets between $500 million and $1 billion, while its liabilities range between $1 billion and $10 billion. As Tupperware navigates its bankruptcy process, its future remains uncertain, yet the brand remains hopeful for a potential turnaround.

[jnkay]

Companies can now use private contracts to grant stockholders the types of control that previously required a charter provision or a special class of stock. The state bar committee that drafted the amendments in response to a Feb. 23 Chancery Court decision invalidating extensive veto rights in a pact between Moelis & Co. and its founder called them a “routine” update by the state that effectively writes the rules for corporate America.

Whether they resolve claims the Chancery Court stirs up too much “uncertainty” for corporations and investors to want to stay in Delaware remains unclear. Some attorneys worry the amendments may embolden boards or controlling stockholders seeking greater power, and that the rebukes of sitting Chancery Court judges during the legislative process undermined Delaware’s reputation more than any ruling.

[fmarkets]

Moelis And Co's Third Quarter 2023 Revenue Soars, Yet Fails to Translate into Profitability https://csimarket.com/stocks/news.php?code=MC&date=2023-11-04203026&utm_source=dlvr.it&utm_medium=tumblr

[txoilfieldnews]

Moelis & Co. Launches Clean Technology Group

Arash Nazhad has been appointed managing director of Moelis & Co.’s newly created Clean Technology Group.

[decaffeinatedfirelover]

Moelis & Co Company Market Analysis Report - Company Market size - Company profile

Moelis & Co (MC) is a financial service provider that offers independent investment banking services. The company provides the provision of strategic and financial advice to corporations, governments and financial sponsors. Moelis & Co market analysis Moelis & Co Company Profile

 Its services include advisory solutions to clients on their decisions such as mergers and acquisitions (M&A), recapitalizations and restructurings, capital markets transactions and other corporate finance matters. MC also provides capital raising, secondary transactions and other advisory services to private fund sponsors and limited partners. The company serves its clients across North and South America, Europe, the Middle East, and the Asia Pacific. MC is headquartered in New York, the US.

Access in-depth analysis, premium industry data, predictive signals, and more on Moelis & Co for 12 months starting at $395 on our Company Analytics platform

Access in-depth analysis, premium industry data, predictive signals, and more on Moelis & Co for 12 months starting at $395 on our Company Analytics platform

[thunderrabby-blog]

Crypto Lender Genesis Slashes Staff and Mulls Bankruptcy: WSJ

Crypto Lender Genesis Slashes Staff and Mulls Bankruptcy: WSJ

According to a Jan. 5 report by the WSJ citing ‘people familiar with the matter,’ Genesis is mulling a bankruptcy filing and has let around 30% of its staff go. The layoffs were across several departments leaving the firm with 145 employees remaining. Genesis has tapped investment bank and financial advisory firm Moelis & Co. to evaluate its options for the future, one of which is a potential…

[cryptonews256]

Crypto Lender Genesis Slashes Staff and Mulls Bankruptcy: WSJ

Crypto Lender Genesis Slashes Staff and Mulls Bankruptcy: WSJ

According to a Jan. 5 report by the WSJ citing ‘people familiar with the matter,’ Genesis is mulling a bankruptcy filing and has let around 30% of its staff go. The layoffs were across several departments leaving the firm with 145 employees remaining. Genesis has tapped investment bank and financial advisory firm Moelis & Co. to evaluate its options for the future, one of which is a potential…

[mubashirnews]

Crypto Lender Genesis Slashes Staff and Mulls Bankruptcy: WSJ

Crypto Lender Genesis Slashes Staff and Mulls Bankruptcy: WSJ

According to a Jan. 5 report by the WSJ citing ‘people familiar with the matter,’ Genesis is mulling a bankruptcy filing and has let around 30% of its staff go. The layoffs were across several departments leaving the firm with 145 employees remaining. Genesis has tapped investment bank and financial advisory firm Moelis & Co. to evaluate its options for the future, one of which is a potential…

[ahnewsworld]

Crypto Lender Genesis Slashes Staff and Mulls Bankruptcy: WSJ

Crypto Lender Genesis Slashes Staff and Mulls Bankruptcy: WSJ

According to a Jan. 5 report by the WSJ citing ‘people familiar with the matter,’ Genesis is mulling a bankruptcy filing and has let around 30% of its staff go. The layoffs were across several departments leaving the firm with 145 employees remaining. Genesis has tapped investment bank and financial advisory firm Moelis & Co. to evaluate its options for the future, one of which is a potential…

[arun-pratap-singh]

Crypto Lender Genesis Slashes Staff and Mulls Bankruptcy: WSJ

Crypto Lender Genesis Slashes Staff and Mulls Bankruptcy: WSJ

According to a Jan. 5 report by the WSJ citing ‘people familiar with the matter,’ Genesis is mulling a bankruptcy filing and has let around 30% of its staff go. The layoffs were across several departments leaving the firm with 145 employees remaining. Genesis has tapped investment bank and financial advisory firm Moelis & Co. to evaluate its options for the future, one of which is a potential…

[primorcoin]

New Post has been published on https://primorcoin.com/genesis-owes-gemini-earn-users-900m-report/

Genesis Owes Gemini Earn Users $900M: Report

Embattled crypto broker Genesis and its parent company Digital Currency Group (DCG) owe users of Gemini Earn $900 million, the Financial Times reported on Saturday, citing anonymous sources.

Gemini had used Genesis as its primary lending partner for its high-yield Earn service, which allowed customers to deposit their cryptocurrency in exchange for interest, similar to a bank account, offering returns of between 0.45% and 8% depending on which token you deposited.

According to the FT, Gemini is working as part of a creditors’ committee to regain the funds from Genesis and DCG.

The Gemini Earn service has experienced severe disruption since the FTX contagion began at the start of last month.

Gemini, which Cameron and Tyler Winklevoss founded in 2015, told users it would be pausing withdrawals from Gemini Earn on November 16, and has yet to provide any clarity as to when they are expected to be reopened. The exchange attributed the move to “unprecedented market turmoil”.

The move came directly after Genesis suspended redemptions for customers and new loans due to “abnormal withdrawal requests” following the FTX collapse on the same day.

Genesis is now reportedly working with investment bank Moelis & Co about potential financing options according to the newspaper, and it was reported earlier this month that the lender attempted to raise $1 billion as part of attempts to avoid the “liquidity crunch” which forced it to stop withdrawals. 

Genesis had exposure to FTX of at least $175 million, coming via its derivatives trading business. 

As part of our goal in providing transparency around this week’s market events, the Genesis derivatives business currently has ~$175M in locked funds in our FTX trading account. This does not impact our market-making activities.

— Genesis (@GenesisTrading) November 10, 2022

In addition, the complex financial relationship between Gemini and its parent company may be muddying the already worrying outlook for its creditors.

The newspaper reported that as of the time of writing, DCG, which also owns prominent crypto-focused investment house Greyscale Capital, owes Genesis $1.7 billion out of its total outstanding debts of $2 billion. 

All other Gemini services, including its exchange, Gemini credit card, and Gemini Staking remain fully functional and working as normal as of the time of writing. 

The exchange has repeatedly assured users that all the funds held in its exchange are backed 1:1. 

Decrypt has contacted both Gemini and Genesis for comment on the story.

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[stockcalc]

PJT Partners (PJT:NYS) Fundamental Valuation Report

PJT Partners (PJT:NYS) Fundamental Valuation Report

Fundamental Valuation Report PJT Partners(PJT:NYS) Financial Services:Capital Markets This Report was generated using the valuation tools available on StockCalc.com. For a free 30 day trial click here. –Close Price/Date$68.16 (USD) 03/30/2021 Weighted Valuation$76.34 (USD) Overall RatingUndervalued by 12.0% Valuation Models Adjusted Book Value: $61.81 (USD) Comparables: $52.43…

[jonathandesverneyusanews]

Episode #273: Adam Moelis, Yotta Savings, “Almost Half Of American’s Can’t Come Up With $400 In An Emergency And 78% Of People Live Paycheck To Paycheck” | Meb Faber Research

Episode #273: Adam Moelis, Yotta Savings, “Almost Half Of American’s Can’t Come Up With $400 In An Emergency And 78% Of People Live Paycheck To Paycheck” | Meb Faber Research

Episode #273: Adam Moelis, Yotta Savings, “Almost Half Of American’s Can’t Come Up With $400 In An Emergency And 78% Of People Live Paycheck To Paycheck”             Guest: Adam Moelis is the Co-Founder and CEO of Yotta Savings, which allows users to save money, get over 2x the national average in interest and get weekly chances to win additional prizes up to $10 million through weekly random…