PJT Partners Inc. (“PJT Partners”) (NYSE:PJT) today commented on the
release of The Blackstone Group L.P.’s (“Blackstone”) third quarter 2015
financial results, including the financial results for Blackstone’s
Financial Advisory reporting segment. The Financial Advisory segment
comprised the PJT Partners businesses that were separated from
Blackstone on October 1, 2015, namely the financial and strategic
advisory services, restructuring and reorganization advisory services
and Park Hill Group businesses, as well as the capital markets services
business that was retained by Blackstone.
PJT Partners expects to report its third quarter 2015 financial results
as a stand-alone company in mid-November 2015. As was stated in the
Information Statement contained in PJT Partners’ Form 10 Registration
Statement, as filed with the Securities and Exchange Commission on
September 2, 2015, PJT Partners’ total revenues for the third quarter of
2015 are expected to be significantly higher than the third quarter of
2014. Total revenues for the fourth quarter of 2015 are expected to be
significantly lower than the fourth quarter of 2014 and as a whole, PJT
Partners anticipates a slight increase in total revenues for the year
ending December 31, 2015 compared to the year ended December 31, 2014.
About PJT Partners
PJT Partners is a global independent financial advisory firm. Our
veteran team of professionals, including our 46 partners, delivers a
wide array of strategic advisory, restructuring and reorganization and
fund placement and secondary advisory services to corporations,
financial sponsors, institutional investors and governments around the
world. We offer a balanced portfolio of advisory services designed to
help our clients realize major corporate milestones. We also provide,
through Park Hill Group, fund placement and secondary advisory services
for alternative investment managers, including private equity funds,
real estate funds and hedge funds. To learn more about PJT Partners,
please visit the company’s website at www.pjtpartners.com.
Safe Harbor Statement
Certain material presented herein contains forward-looking statements
intended to qualify for the safe harbor from liability established by
the Private Securities Litigation Reform Act of 1995. Forward-looking
statements include the information concerning PJT Partners’ possible or
assumed future results of operations, business strategies, financing
plans, competitive position, potential growth opportunities, potential
operating performance improvements, benefits resulting from the
separation of PJT Partners from Blackstone and its combination with PJT
Capital LP, the effects of competition and the effects of future
legislation or regulations. Forward-looking statements include all
statements that are not historical facts and can be identified by the
use of forward-looking terminology such as the words “believe,”
“expect,” “plan,” “intend,” “anticipate,” “estimate,” “predict,”
“potential,” “continue,” “may,” “might,” “should,” “could” or the
negative of these terms or similar expressions.
Forward-looking statements involve risks, uncertainties and assumptions.
Actual results may differ materially from those expressed in such
forward-looking statements. You should not put undue reliance on any
forward-looking statements contained herein. PJT Partners has no
intention or obligation to update forward-looking statements.
The risk factors discussed in the “Risk Factors” section of PJT
Partners’ Information Statement, as well as the other filings of PJT
Partners with the Securities and Exchange Commission, could cause the
results of PJT Partners to differ materially from those expressed in
forward-looking statements. There may be other risks and uncertainties
that PJT Partners is unable to predict at this time or that are not
currently expected to have a material adverse effect on their business.
Any such risks could cause the results of PJT Partners to differ
materially from those expressed in forward-looking statements.
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