In the wake of investment banking head Antonio Weiss' departure, Lazard names Alexander Stern as CEO, financial advisory, and Matthieu Pigasse as global head, M&A and sovereign advisory. For other updates launch today's Movers & shakers slideshow.
Justin Abelow, a managing director in Houlihan Lokey's financial sponsors group, shared his outlook on private equity activity for 2015. PE activity will continue to be robust, Abelow said. He also discussed the factors impacting the PE industry. Houlihan Lokey had more than 750 sponsor-related engagements with more than 500 sponsors in 2014. Houlihan's financial sponsors group has 16 coverage officers and is led by senior managing director John Mavredakis. Houlihan's transactions include the sale of Sentinel Capital-backed Chase Industries Inc. to Audax Group, sale of American Securities LLC and ACI Capital Co. LLC-backed Healthy Directions LLC to Helen of Troy Ltd. and the recapitalization of Ability Network Inc. by Summit Partners. More video