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.