PJT Partners

Bankers Trust Building 280 Park Avenue

PJT Partners is a global advisory-focused investment bank headquartered in New York City. The firm provides a wide range of financial advisory services, including mergers and acquisitions (M&A), restructuring, and strategic advisory services to corporations, financial sponsors, institutional investors, and governments around the world. PJT Partners was founded in 2015 by Paul J. Taubman, a former Morgan Stanley executive, with the aim of creating a boutique advisory firm that prioritizes client service and strategic advice over the trading and underwriting services that dominate larger banks.

History

PJT Partners was established through the combination of the M&A advisory and restructuring teams of Blackstone Group's advisory business and the newly formed PJT Capital, led by Paul J. Taubman. The merger was aimed at creating a leading global advisory firm with a strong focus on client service and independent advice. The firm went public in 2015, listing its shares on the New York Stock Exchange under the ticker symbol PJT.

Services

PJT Partners offers a range of advisory services across three main areas:

• Mergers and Acquisitions: The firm advises clients on buy-side and sell-side transactions, leveraged buyouts, joint ventures, and general corporate finance matters.
• Restructuring and Reorganization: PJT Partners provides advice to companies, creditors, and stakeholders in distressed situations, including bankruptcy proceedings, out-of-court restructurings, and distressed M&A.
• Strategic Advisory: The firm offers strategic consulting services, including defense against unsolicited takeover attempts, shareholder activism defense, and corporate governance consulting.

Global Presence

PJT Partners operates globally, with offices in key financial centers around the world, including New York City, London, Hong Kong, and San Francisco. This global footprint allows the firm to serve clients across different geographies and industries.

Notable Transactions

PJT Partners has been involved in several high-profile transactions since its inception. While specific deals are subject to confidentiality, the firm is known for its role in significant M&A, restructuring, and strategic advisory mandates across various industries.

Corporate Culture

The firm is known for its entrepreneurial culture, with a focus on teamwork, integrity, and excellence. PJT Partners places a strong emphasis on attracting, developing, and retaining top talent, offering a collaborative environment that encourages professional growth and innovation.

Challenges and Opportunities

As a boutique advisory firm, PJT Partners faces competition from both large, full-service investment banks and other boutique firms. However, its focus on advisory services, independent perspective, and senior-level attention to clients position it well to capitalize on the demand for high-quality, conflict-free advice.

Conclusion

PJT Partners represents a new breed of investment banking, where the focus is squarely on client advisory services. By combining deep industry expertise with a commitment to integrity and client service, PJT Partners has established itself as a respected player in the global financial advisory landscape.