Palm Tree LLC, a Los Angeles–based M&A advisory firm, expanded its services to include transactional and full-service solutions for capital markets and special situations needs.
Founded in 2010, Palm Tree is an M&A specialist focusing on transactions, transitions, and transformations, and the private equity investment cycle. The firm’s services include financial due diligence, carveout services, business intelligence, financial planning, and performance improvement.
Palm Tree has worked on more than 140 engagements on four continents, with an aggregate transaction value of $24 billion. The consultancy has offices in Los Angeles and Chicago, and serves clients in a wide range of industries.
The firm’s new capital markets solutions practice will help clients find financial partners that can provide operating flexibility. As companies increasingly seek liquidity in uncertain times, Palm Tree will also provide guidance on accessing assistance (such as the $2 trillion CARES Act) alongside existing loan structures.
“Palm Tree now offers expertise as lending and restructuring professionals so sponsors can focus their bandwidth on mitigating portfolio issues and deploying capital,” said Stephen Rossi, a managing director at Palm Tree. “Given the economic situation brought on by the Covid-19 pandemic, the coming months will be challenging for everyone. We’re here to be a sounding board for our clients and private equity colleagues as we navigate through this together.”
Rossi, a lending and private equity professional with more than two decades of experience, has been selected to lead the firm’s capital markets and special situations advisory practices. Before joining Palm Tree in 2019, he held roles at Bank of America, Platinum Equity, and CounterPoint Capital Partners, and has closed more than 100 transactions worth more than an aggregate $10 billion.
Aside from transactional advisory services and outsourced capital market solutions, Palm Tree will also offer restructuring and workout support for privately held and sponsor-backed businesses.
“Right now, firms need restructuring to manage the current shutdown,” said Rossi. “Soon, however, opportunities will arise for M&A activity, recapitalizations, and growth. We have the experience and expertise to support our clients throughout market cycles.”