Redwood Capital Group, a New York-based investment banking firm, said Wednesday that it would merge with Gemini Partners, a Los Angeles-based investment bank. Terms of the deal were not released. The combined firm will maintain the Redwood Capital Group name, the company said.
Redwood Capital Group (“Redwood”), a New York-based investment banking firm serving the technology, communications, media, business services and related growth industries, announced today that it has entered into definitive agreements to merge with Gemini Partners (“Gemini”), a leading investment bank based in Los Angeles, CA. The combined firm will maintain the Redwood Capital Group name and will have offices in New York, Los Angeles and Geneva, Switzerland, as well as representative offices in Baltimore, MD, and London, England. The firm also announced that the prominent Swiss financier and investor Mr. Martial Chaillet will become Chairman of the Board of the combined firm and lead Redwood’s Geneva office.
Redwood and Gemini have complementary geographic, product and sector reach and both teams have established track records of providing clients with deep sector experience and specific expertise in cross-border transactions. The combined firm, which has advised on over 165 successfully completed transactions, focuses on mergers & acquisitions, corporate finance, restructuring and valuation advisory services for its clients worldwide. Redwood’s clients and counterparties have included companies such as Cisco, Oracle, Nokia, Pearson, Amdocs, News Corporation, The Sharper Image, West Corporation, HealthNet and other industry leaders as well as many of the world’s most prominent private equity and venture capital firms. With a significant amount of the firm’s transactions being cross-border in nature, Redwood’s client and deal activities have covered numerous countries including Brazil, Canada, China, France, Germany, India, Italy, Ireland, Israel, Japan, Mexico, Russia, Sweden, Switzerland, the United Kingdom as well as the United States. This unique international capability combined with the sector expertise of Redwood’s partners truly differentiates this firm from others in the market.
Gregory Bedrosian, Co-Founder & CEO of Redwood, said, “I am truly excited about this strategic merger with Gemini and to welcoming Martial Chaillet as Chairman of our firm. This transaction enhances Redwood’s position as a leading, sector-focused independent investment bank by providing our clients with a more expansive geographic footprint across the US and Europe as well as with broader product offerings to better serve client needs.” Mr. Bedrosian will remain CEO of Redwood and continue to serve on the firm’s Board. He is based in Redwood’s New York headquarters.
Matthew Johnson, Co-Founder & Managing Partner of Gemini, commented, “Our combined firm will be ideally placed to work with our clients over their entire corporate developmental life cycle by offering expertise across our four key product areas — M&A, corporate finance, restructuring and valuation advisory services.” Matthew and Nathan Johnson, Gemini’s co-founders, will lead Redwood’s Los Angeles office and serve as Managing Partners and Board members of the firm.
Martial Chaillet, Founder & General Partner of Geneva-based investment firm MediaWin & Partners and former senior executive of the Capital Group, said, “I am delighted to become Chairman of Redwood, where I look forward to bringing my experience and relationships to help the firm’s expansion across Europe and elsewhere around the world. In these increasingly complex financial times, Redwood is well positioned to offer our clients independent, objective investment banking advice on a global scale.”
About Redwood Capital
Redwood Capital Group is an investment banking firm serving the technology, communications, media, business services and other growth industries. The firm focuses on mergers & acquisitions, corporate finance, restructuring and valuation advisory services for its clients worldwide. Additional information can be found at www.redcapgroup.com .
Redwood Capital is the marketing name for Redwood Capital Group and its subsidiaries. Investment banking activities of Redwood Capital Group are conducted through RCG, LLC, a wholly-owned subsidiary of Redwood Capital Group. RCG, LLC is regulated by FINRA and is a member of SIPC.