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April 2, 2013 /PRNewswire/ -- Sagent Advisors, LLC, a leading independent investment banking firm, announced today that
Joseph Mooney and
Paul Scherzer have joined the firm as Managing Directors, effective immediately. Mr. Mooney, who joins from Citigroup, will serve as the Head of Mergers and Acquisitions, and Mr. Scherzer, who joins from Credit Suisse, will lead the firm's Metals and Mining efforts. They are both based in Sagent's
New York headquarters.
"Joe and Paul are first and foremost outstanding advisors to clients, and we are thrilled to add such high-caliber bankers to our team," said
Hal Ritch, Sagent Advisors' Chief Executive Officer. "At Sagent we pride ourselves on a reputation for solving clients' most complex, strategic and important financial situations through fresh, original thinking. Joe and Paul's wide range of expertise, experience and entrepreneurial spirit are a perfect fit for our firm, and I am confident they will bring immediate value to our clients."
Prior to joining Sagent, Mr. Mooney was a Managing Director at Citigroup where he had been since 1999, most recently as the senior M&A partner overseeing East Coast technology. While at Citigroup, Mr. Mooney advised numerous domestic and international clients on a variety of buy- and sell-side transactions across a range of industries. Among his recent assignments, Mr. Mooney advised Genpact on Bain Capital's purchase of
$1.0 billion of Genpact shares from GA and
Oak Hill and subsequent
$500 million special dividend; Fundtech on its
$400 million sale to GTRC; Avis Budget on its
$1.0 billion acquisition of
Avis Europe; Keane, Inc. on its sale to NTT Data; and Express Scripts on its
$4.7 billion acquisition of Wellpoint's PBM business. Prior to Citigroup, he worked in the Mergers and Acquisitions groups at both Morgan Stanley and Salomon Brothers Inc.
Mr. Mooney graduated with a Bachelor of Arts in History from
Hampden-Sydney College and received his MBA from the Fuqua School of Business at
Mr. Scherzer joins Sagent from Credit Suisse after an 18-year tenure where he was most recently the Head of Americas Metals & Mining. He has expertise across an array of industries and has covered the metals and mining sector across the globe, advising global clients on the full spectrum of mergers and acquisitions as well as capital market products including initial public offerings, debt and equity financings. Mr. Scherzer has advised clients in a broad range of complex, strategic transactions including Sunoco on its
$1.5 billion separation of SunCoke Energy; Signal Peak Energy in its sale of an interest to Gunvor Group; and Evraz Group in its
$4.0 billion acquisition of ISPCO Tubular and its subsequent
$1.7 billion sale of IPSCO
USA to OAO TMK.
Mr. Scherzer graduated with a Bachelor of Arts in Business Administration from the Richard Ivey School of Business at
Western University in
ABOUT SAGENT ADVISORS, LLCSagent Advisors is an independent investment banking firm that provides financial advisory and capital raising solutions to clients on mergers, acquisitions, sales and restructurings. Sagent provides broad industry and execution expertise through its offices in the U.S. in
New York, Charlotte,
San Francisco and
Tysons Corner, Virginia. Our significant global reach is bolstered through our alliances with Daiwa Securities Capital Markets in
Asia and DC Advisory in
Europe. At Sagent, we embody the principles of thoughtful advice - free of structural conflicts - with dedicated, senior attention to our clients' most important challenges and opportunities.
SOURCE Sagent Advisors, LLC