It has only been 3 months since Quasar Capital Advisors was created and today we announce that we’ve merged into CoRise Co., LLC, a merchant bank focused on the opportunities in digital media created by the confluence of many industries (more on this later). It has been a very busy / productive summer that has culminated in this exciting news. We want to thank everyone that supported us for the last few months and want to explain why we were taking the offer:
1 – CoRise is filled with tremendous talent and expertise, with its partners having over 100 years of combined bulge bracket investment banking experience, including Bear Stearns, BMO, Goldman Sachs and Morgan Stanley. Its partners have executed on over $50b of deals historically and have top level connections through out the digital media landscape and the financial community (VCs, PEs, and angels)
2 – The CoRise model is very unique – it has 3 separate divisions: Investment Banking, Research, and Strategic Equity. Each of these units help build and support the other, and hence the overall value of the firm. This, in turn, helps the firm’s clients and hence the idea of “co-rise”.
3 – Combining with the talent of our new partners enables us to offer our clients and prospective clients a greater suite of services including M&A and Capital Raising. We think this benefits our clients and hence is where we should guide Quasar.
Lastly, we continue to believe that we are focused on the right space, at the right time, and in the right geography. The changes taking place across media, technology, entertainment, financial, and telecom are titanic. We are in the midst of a revolution and with the confluence, comes opportunity. The opportunity is still nascent, extremely large, and therefore it is an exciting time to work in the space. Lastly, as we all know, the NY scene is exploding in growth – a great mix of talent in the area combined with the prominence of Madison Avenue, and the dominance of NY as a financial hub create a plasma of potential. Further on that note, CoRise’s 5th Avenue offices in midtown bring us closer to our clients, which we think serves them better.
Quasar Capital Advisors wants to thank our clients and supporters – we hope this transformation only augments our ability to serve clients better, helping them unlock their full potential. Please visit us and learn more on our Website.
With that, we are excited to get back to work and look forward to serving you in the future.
Quasar Capital Advisor