Ernst & Young LLP announces launch of Ernst & Young Capital Advisors, LLC
New York, 13 August 2010 – Ernst & Young LLP announces the launch of its affiliate Ernst & Young Capital Advisors, LLC (EYCA), a newly formed broker-dealer. EYCA joins the global network of EY firms, offering a broad range of transaction and capital advisory services, including capital structure advisory, capital raising, restructuring, and special situations finance to middle market and larger corporate clients as well as creditors and other investors.
"We recognized that, in today’s environment, we had an opportunity to leverage our capabilities in a powerful and unique way. With rapidly changing financial markets, and increasing demands on operations and people, clients need an advisor who not only understands financial markets and a business’ capital life cycle, but who also possesses deep industry knowledge, operational expertise, and a global footprint. To combine all of these capabilities and offer them seamlessly is an exciting step for us," said Rich Jeanneret, Americas Vice Chair, Transaction Advisory Services Ernst & Young LLP.
Leading the capital markets and structuring effort at EYCA is Peter Sherman, Senior Managing Director. Sherman has over 22 years of experience in the industry. Prior to joining EY, he was with Bank of America Merrill Lynch and its legacy organizations focused on capital markets and advisory services including leveraged finance, special situations finance, restructuring and principal investing.
“The firm has assembled a highly experienced team of professionals and we’re excited about the opportunity to offer our clients truly independent financial advisory services alongside the deep resources of the global EY organization," said Sherman.
Also joining the team in Charlotte:
K.C. Brechnitz, Senior Managing Director, brings 13 years of experience in leveraged finance, restructuring advisory, loan syndications, and high yield capital markets. Prior to joining EY, he was a Managing Director with Wachovia Securities.
Robert “Bo” Powell, Managing Director, brings 14 years of experience in leveraged finance, restructuring advisory, loan syndications, M&A and principal investing. Prior to joining EY, he was a Director with Bank of America Merrill Lynch.
John Murchison, Managing Director, brings 12 years of experience in leveraged finance, restructuring advisory, loan syndications and principal investing. Prior to joining EY, he was a Director with Bank of America Merrill Lynch.
Ernst & Yong Capital Advisors, LLC (EYCA) is a member of FINRA. www.finra.org.
Transaction Advisory Services (TAS)
Our Transaction Advisory Services teams work with some of the world’s largest organizations, fastest growing companies and PE firms on some of the biggest and most complex cross-border deals in the global market. We can help you achieve the growth, performance improvement and returns your stakeholders expect.
EY offers integrated, objective advisory services that are designed to help you evaluate opportunities, make your transactions more efficient and achieve your strategic goals. EY has an extensive global reach, with 8,700 transaction professionals worldwide, and the experience of thousands of transactions across all markets and industry sectors. We can bring together the people you need, wherever you need them, to focus on helping you achieve success throughout the transaction lifecycle - and beyond. Whether it’s a merger, acquisition, strategic alliance, divestment, equity offering or restructuring, we offer you the advice you need to help you make the right deal at the right price at the right time. It’s how EY makes a difference.
EY is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 140,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential.
For more information, please visit www.ey.com.
EY refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity.
This news release has been issued by Ernst & Young LLP, a client-serving member firm of Ernst & Young Global Limited located in the U.S.