April 27, 2009
New York, April 27, 2009
Moelis & Company announced today that Jared Dermont will join the firm in May as a Managing Director in its Recapitalization & Restructuring Group. Mr. Dermont, who will be based in New York, brings over 13 years of mergers and acquisitions and restructuring experience to the firm.
Mr. Dermont was most recently a Managing Director at Rothschild, where he originated and executed numerous in-court and out-of-court restructuring and M&A transactions for companies, creditors and regulators across a wide spectrum of industries. Prior to Rothschild, Mr. Dermont was a Vice President in the Healthcare Mergers & Acquisitions Group at Banc of America Securities. He began his career at Peter J. Solomon Company.
Ken Moelis, Chief Executive Officer of Moelis & Company, commented, “Jared’s appointment further demonstrates our strategy of adding top talent to enhance our client coverage across products, sectors and regions as we build a global full-service investment bank.”
In a joint statement, Thane Carlston and Bill Derrough, Co-Heads of Moelis & Company’s Recapitalization & Restructuring Group, said, “We have known Jared for many years and are thrilled to welcome him to our growing team, where we have added three Managing Directors in just over a month. Jared’s breadth of experience in distressed situations as both a restructuring expert and M&A advisor will be particularly valuable to our clients as they navigate the challenging environment.”
Since the formation of its Recapitalization & Restructuring Group in July 2008, Moelis & Company has over 60 professionals actively engaged in advising companies, creditors and shareholders on various restructuring transactions. The firm has provided out-of-court solutions to clients such as American Media, Ashton Woods Homes and Westwood One and is currently advising on many in-court restructurings for companies including Aleris International and Idearc Inc. and for the creditors of LyondellBasell Industries and Tribune Company.
About Moelis & Company
Moelis & Company is an investment bank that provides financial advisory services and capital raising solutions to clients in connection with mergers and acquisitions, restructurings and other strategic matters. The firm also manages investment funds that integrate capital with its advisory expertise. Moelis & Company serves a broad client base through its offices in New York, Boston, Chicago, London and Los Angeles. For more information, please visit www.moelis.com.
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