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J.S. Held Acquires Phoenix Management Services and Phoenix IB

October 10, 2023, 08:15 AM
Filed Under: Industry News

Global consulting firm J.S. Held announced expanded corporate finance and investment banking expertise with the acquisition of Phoenix Management, providing operationally focused turnaround, transaction, strategic growth investor services, and Phoenix IB, an independent licensed broker-dealer under federal and state securites law, providing special situation investment banking solutons to middle-market enterprises across the United States.

Phoenix Management Services, under the leadership of Michael Jacoby, James Fleet, Brian Gleason, and Joseph Nappi has decades of experience, across more than 50 industries and over 1,600 client engagements, enabling the team to assess complex situatons rapidly, providing valuable financial insights and operational assessments to help private and public sector clients achieve their business goals. Their experts serve middle market clients across numerous sectors, providing:

  • Bankruptcy Advisory
  • Business & Operational Assessments
  • Independent Director Roles
  • Interim Management (CEO, CFO, COO, CRO)
  • Investor Support Services
  • Operational Improvement & Restructuring
  • Secured Creditor Advisory

Michael Jacoby, Senior Managing Director and Shareholder at Phoenix Management, shares, "We see a tremendous opportunity to expand our teams' collective executive, financial, operational, and strategic management expertise in combination with the experts at J.S. Held,” Mr. Jacoby continues, “As a part of J.S. Held, our clients will benefit from our global footprint and expanded capabilities, working alongside 1,500 experts with deep technical and scientific mastery and a unique understanding of intellectual property and intangible value drivers, among others."

Phoenix IB provides sell-side and buy-side M&A advisory services and private debt and equity placements, primarily for middle-market companies. The investment banking team is well-known for its depth of experience – multi-transaction relationships that span decades, and a successful track record of closing innovative and award-winning transactions. The team thrives in distinctly complex deals, including niche businesses or story-driven transactions, tight funding deadlines or enhanced leverage requirements, unusual structuring requirements, and distressed or turnaround, including 363 sale processes.

David Weiner, Executive Vice President at J.S. Held, shares, "Among many qualities that were attractive to us in this acquisition is the unique combination of entrepreneurial and visionary leaders with an unwavering focus on operations that helps clients maximize enterprise value." Mr. Weiner continues, "The addition of the Phoenix team reinforces our shared expertise across many sectors, including construction, energy and power, healthcare, high tech, manufacturing, retail, telecom, transportation, and others."

As a result of the transaction, Phoenix Management clients have access to more than 1,500 technical, scientific, financial, and strategic experts across five continents, including business enterprise and intellectual property valuation; compliance and regulatory consulting; forensic accounting, labor, and dispute investigations.

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