More “New” Dinosaur Deal Toys: Going Back to The 90’s
As part of our celebration of The Corporate Presence’s 40th anniversary, we will be publishing several more installments of the popular series “Dinosaur Deal Toys“.
The deal toys featured here showcase several now-defunct firms that were once among the most formidable in investment banking. They include Bear Stearns, Donaldson, Lufkin & Jenrette, Hambrecht & Quist, and Montgomery Securities.
Take a quick visual trip back to the 90’s.
DLJ alumni include Ken Moelis, Stephen Schwarzman, and Tony James. The firm was acquired by Credit Suisse in 2000.
Only a year after this 2007 transaction, Bear Stearns faced collapse. The 85-year-old firm was ultimately acquired by JP Morgan in March, 2008.
Bear Stearns, which had at one time traded at $170, was ultimately sold for $10 per share.
Hambrecht & Quist was one of the so-called Four Horseman of the tech firmament (the other three firms being Robertson Stephens, Montgomery Securities, and Alex. Brown). H&Q was acquired in 1999 by what was then Chase Manhattan.
Founded by Thomas Weisel, Montgomery Securities was sold to NationsBank in 1997.
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