Morgan Joseph

"Once Drexel's CEO, Fred Joseph leads a tiny giant; Playing with a new set of rules?" (LPC Gold Sheets Middle Market)
8/1/05

The article leads with "Morgan Joseph & Co. might be one of the small shops in the investment banking realm, but the firm has one of the biggest histories, and it continues to maintain a presence on an array of middle market fronts. And with the current red-hot leveraged loan market and high availability of capital, Morgan Joseph seems to be in the right place at the right time." Based on an interview with Managing Director and Co-Head of Investment Banking, Fred Joseph, the story highlights the success of the firm's middle market strategy, as many investment firms consolidate and focus on mega deals, leaving MM businesses largely underserved. On the M&A front, Mr. Joseph notes an increasingly aggressive pool of strategic buyers and the deep pockets of many financial buyers as indications of a strong seller's market. Morgan Joseph, the article points out, is well suited for such an environment, since its primary investment banking focus is on providing financial advisory and capital raising services.