Bateman Eichler picks up ex-Drexel hand to run its mergers and acquisitions group.Bateman Eichler picks up ex-Drexel hand to run its mergers and acquisitions group Kevin Schultz, 36, formerly of Drexel Burnham Lambert's Beverly Hills Beverly Hills, city (1990 pop. 31,971), Los Angeles co., S Calif., completely surrounded by the city of Los Angeles; inc. 1914. The largely residential city is home to many motion-picture and television personalities. offices, has joined downtown Los Angeles Downtown Los Angeles is the central business district of Los Angeles, California, located close to the geographic center of the metropolitan area. The sprawling, multi-centered megacity is such that its downtown core is often considered just another district like Hollywood or brokerage house Bateman Eichler, Hill Richards Inc. as director of their mergers and acquisitions group. Joining Schultz in the office will be Paul Haigney, formerly of Drexel's New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of offices. Schultz said that although business is slower than in the 1980s, there are deals to be done among medium-sized companies. "There is always a business in selling companies," he said. "The multiples today are a little less than they have been in previous years, financing will take more equity, but the deal will get done." By that, Schultz means that lenders want to see bigger down payments and lower prices relative to cash flow when they finance the purchase of a business. Schultz said that Bateman Eichler can offer local execution of investment banking services. "That's a plus for us. We don't have to fly specialists in from New York, and we don't have to go to New York to get a deal approved. We get the deals done right here," he said. Prior to Drexel, Westside resident Schultz worked for McKinsey & Co., and A.G. Becker. He has degrees from University of California The University of California has a combined student body of more than 191,000 students, over 1,340,000 living alumni, and a combined systemwide and campus endowment of just over $7.3 billion (8th largest in the United States). at Santa Barbara Santa Barbara (săn'tə bär`brə, –bərə), city (1990 pop. 85,571), seat of Santa Barbara co., S Calif., on the Pacific Ocean; inc. 1850. and the Harvard Business School Harvard Business School, officially named the Harvard Business School: George F. Baker Foundation, and also known as HBS, is one of the graduate schools of Harvard University. . Schultz will report to Tom Hacking, head of Bateman Eichler's corporate finance department. |
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