November 24, 2008
Yet another video from The Deal Video (excellent source for quick concise clips) here’s Gary Parr, deputy chairman of Lazard, and H. Rodgin Cohen, chairman of Sullivan & Cromwell, speaking about the challenges that face President-elect Barack Obama’s incoming administration:
November 15, 2008
Here are a couple of videos from The Deal’s M&A Outlook 2009 Conference which took place this past week in New York. The first clip features John D. Howard of Irving Place Capital on middle market dealmaking:
The second has Suzanne Stevens interviewing Gary Parr, deputy chairman of investment bank Lazard, on the current and future state of financial services:
October 31, 2008
Lazard CEO Bruce Wasserstein and Blackstone CEO Stephen Schwarzman spoke yesterday at a breakfast hosted by Fortune Magazine at noted New York restaurant Per Se.
Highlights included Wasserstein warning that the global financial crisis will get worse yet, noting that consumer lending and commercial real estate losses are just now beginning. Schwarzman was critical of banks not using the U.S. Treasury funds for their intended purpose of actually administering new loans. Both spoke at length about accounting standards and regulatory issues. Here’s a brief video excerpt from the talk:
August 13, 2008
Apollo Management and Lazard Group are forming a non-exclusive partnership in Europe. The venture will be based in London. This comes after earlier this month it was announced that London-based Apollo co-founder would be returning to New York after two years and will be replaced by another co-founder, Josh Harris. The partnership is still in the development stages but looks to further enhance Apollo’s push into Europe where Apollo has maintained an office in London since 1993. It’s largest European deal to date was the acquisition last February of Countrywide for nearly $2.1B and the firm was rumored to be interested in a white knight proposal for German tire manufacturer Continental. Jean-Luc Allavena (H. 1986 and former president of the HEC Foundation) is a partner with Apollo in Europe.