Moelis & Company (the “Company”) (NYSE:MC), a leading global independent
investment bank, today announced the pricing of a public offering by the
Company and selling stockholders of 5,500,000 shares of Class A common
stock at a price to the public of $31.75 per share. The Company and
certain of the selling stockholders have also granted the underwriters a
30-day option to purchase up to an additional 825,000 shares of Class A
common stock. The offering is expected to close on November 24, 2014
subject to satisfaction of customary closing conditions.
The shares are being offered by selling stockholders, including certain
of the Company’s pre-IPO equity holders and Managing Directors, other
than 1,535,392 shares being offered by the Company, the proceeds of
which will be used to repurchase the same number of shares or other
equity interests from certain of the Company’s Managing Directors and
employees. Moelis & Company will not retain any proceeds from the sale
of shares of Class A common stock. The Company is conducting the
offering to facilitate organized liquidity in its Class A common stock
and to increase the public float of its Class A common stock.
Goldman, Sachs & Co. and Morgan Stanley & Co. LLC are acting as lead
joint book-running managers for the offering. Moelis & Company LLC, J.P.
Morgan Securities LLC and UBS Securities LLC are acting as joint
book-running managers for the offering. JMP Securities LLC and Keefe,
Bruyette & Woods, Inc. are acting as co-managers for the offering.
The offering is being made only by means of a prospectus. A copy of the
final prospectus related to the offering may be obtained, when
available, from Goldman, Sachs & Co., Attention: Prospectus Department,
200 West Street, New York, New York 10282, telephone: 1-866-471-2526,
email: Prospectus-ny@ny.email.gs.com,
or from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180
Varick Street, 2nd Floor, New York, New York 10014, telephone:
1-866-718-1649, email: prospectus@morganstanley.com.
A registration statement relating to these securities has been filed
with the U.S. Securities and Exchange Commission and was declared
effective on November 18, 2014. This press release shall not constitute
an offer to sell or the solicitation of any offer to buy, nor shall
there be any sale of these securities in any state or jurisdiction in
which such an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About Moelis & Company
Moelis & Company is a leading global independent investment bank that
provides innovative strategic advice and solutions to a diverse client
base, including corporations, governments and financial sponsors. The
Firm assists its clients in achieving their strategic goals by offering
comprehensive integrated financial advisory services across all major
industry sectors. Moelis & Company’s experienced professionals advise
clients on their most critical decisions, including mergers and
acquisitions, recapitalizations and restructurings and other corporate
finance matters. The Firm serves its clients with over 500 employees
based in 16 offices in North and South America, Europe, the Middle East,
Asia and Australia.
Cautionary Note Regarding Forward-Looking
Statements
This press release contains forward-looking statements within the
meaning of the “safe harbor” provisions of the United States Private
Securities Litigation Reform Act of 1995, which reflect the Company’s
current views with respect to, among other things, its operations and
financial performance. You can identify these forward-looking statements
by the use of words such as “outlook,” “believes,” “expects,”
“potential,” “continues,” “may,” “will,” “should,” “seeks,”
“approximately,” “predicts,” “intends,” “plans,” “estimates,”
“anticipates,” or the negative version of these words or other
comparable words. Such forward-looking statements are subject to various
risks and uncertainties. Accordingly, there are or will be important
factors that could cause actual outcomes or results to differ materially
from those indicated in these statements. We undertake no obligation to
publicly update or review any forward-looking statement, whether as a
result of new information, future developments or otherwise. A further
list and description of these risks, uncertainties and other factors can
be found in the Company’s filings with the U.S. Securities and Exchange
Commission, including the Company’s Registration Statement on Form S-1,
as amended. This filing and subsequent filings are available online at www.sec.gov
or on request from the Company.
Copyright Business Wire 2014