BREAKING NEWS:
JESUP & LAMONT, INC. AND TRI-ARTISAN CAPITAL PARTNERS, LLC REACH AGREEMENT-IN-PRINCIPLE TO ENTER INTO COMBINATION TRANSACTION
Highly Complementary and Transformative Transaction to
Create Next-Generation Diversified Financial Services Firm
NEW YORK, N.Y., February 11, 2010 / PRNewswire – Jesup & Lamont Inc. (NYSE Amex: JLI – News), today announced that it has reached an agreement-in-principle for a combination transaction with Tri-Artisan Capital Partners, LLC, a New York based merchant bank engaged primarily in private equity investment and mergers and acquisitions advisory services for corporate, private equity sponsor and institutional investor clients. The transaction is subject to negotiation and execution of definitive agreements, Board and shareholder approvals of Jesup & Lamont and unitholder approvals of Tri-Artisan, and required regulatory approvals. The transaction also contemplates, as a condition of closing, completion of an equity capital raise to fund the combined company’s growth plan. Board of Directors and management positions will be equally shared in the combined firm, with Steve Rabinovici serving as Jesup Lamont TriArtisan’s Chairman, and Alan Weichselbaum and Gerald H. Cromack as Co-Chief Executive Officers of the combined firm. James Fellus will serve as President and CEO of the broker dealer subsidiary, and Rohit Manocha will be President and CEO of merchant banking operations. The combined firm will, upon closing of the transaction, be renamed and do business as Jesup Lamont TriArtisan, Inc. The transaction is anticipated to close in the second quarter of 2010.
Please click on the links below to read the complete press release and related documents:
Full Press Release
Term Sheet
Overview Presentation
February 16, 2010 Webcast Link (4:30 p.m. EST)
Welcome to Jesup & Lamont
Jesup & Lamont is a full-service brokerage and investment banking firm. We specialize in institutional, retail sales, trading services & equity research.
What really differentiates Jesup & Lamont from other investment firms is our accomplished and accessible staff of financial professionals. We offer expert and objective counsel, breadth of experience, and direct, timely access to the capital markets. Our team of investment professionals will help you develop and execute the financial strategies to achieve your goals.
Our Asset Management Group works to understand each client’s unique situation. We serve the investment needs of our clients by offering a broad range of products across various asset classes, ranging from equities, fixed income and multiple-asset class products, to alternative investments. The firm’s Corporate Finance Division identifies, structures, and executes diverse and innovative market transactions. These transactions include services and advice regarding mergers and acquisitions, capital raising, acquisition finance, restructurings, and other corporate finance matters. Jesup & Lamont can assist at any stage of a transaction. |
