Peter J. Solomon Appoints Retail MD

Investment banking firm Peter J. Solomon Company has appointed David A. Shiffman as a managing director in its retail, e-commerce and distribution group. A former partner and head of retail investment banking at Goldman, Sachs & Co, Shiffman will join other senior retail bankers in providing strategic advice to clients.

PRESS RELEASE

Peter J. Solomon Company (PJSC), a leading private investment banking firm, announced today that David A. Shiffman, 44, has joined the firm as a Managing Director in its Retail, e-commerce and Distribution Group. A former partner and head of retail investment banking at Goldman, Sachs & Co., Mr. Shiffman will join other experienced senior retail bankers in providing strategic advice to clients.

“We have an extensive global network in retail and distribution,” said Chairman Peter J. Solomon, “and when we can add people of David’s expertise and judgment, who are accustomed to advising owners and managements internationally, it’s a win for our clients.”

Kenneth T. Berliner, PJSC’s President, added, “We have a robust retail practice here and David’s talents will add to our strength. We welcome him to the firm.”

“Although PJSC’s span reaches beyond retail and consumer products, to media, entertainment, communications, technology and healthcare, the firm has an extraordinary record in advising on retail transactions. I am pleased to join PJSC’s impressive roster of senior investment bankers,” said Shiffman, noting that the Firm recently advised Cost Plus Inc. on its pending sale to Bed Bath & Beyond; completed the sale of Garden Ridge to AEA Investors and the acquisition for Walgreen Co., of certain assets of BioScrip, Inc.

Demonstrating its reach in the media space as well, last week it was announced that PJSC’s client, Media General, had agreed to both a new $400 million financing and the sale of most of its newspaper properties to Berkshire Hathaway.

Mr. Shiffman spent over a decade at Goldman, Sachs & Co., where he advised an array of notable branded companies in the retail, consumer products and business services space. For the past three years, Mr. Shiffman was a partner at Miller Buckfire & Co., LLC, where he was also head of consumer and retail investment banking.

At PJSC, he joins veteran senior retail bankers Marc Cooper, Jeff Hornstein, Cathy Leonhardt, Jeff Derman among others, including PJSC’s Chairman and President, representing three generations of skilled bankers in the retail space.

A graduate of the University of Pennsylvania, Mr. Shiffman received his MBA with concentrations in Accounting and Finance from Columbia Business School.