NEW YORK — Responding to accelerating merger and acquisition activity, Financo Inc. has hired two new vice presidents and has relocated to larger offices at 600 Madison Ave. between 57th and 58th Streets.
The two new vice presidents, Colin O’Neil and Bret Lowry, will both be involved in M&A work.
“We are very excited about where business stands. We are looking to hire additional people as well,” said Financo chairman Gilbert Harrison. “We think there is a major change in attitude about M&A.”
“There’s a healthy amount of execution and a decent pipeline,” to fuel mergers and acquisitions, added Colin Welch, president and chief executive officer of Financo. “Our move is a demonstration of our confidence that we expect that to continue.”
Financo was last housed at 654 Madison Ave. for a short time and for many years was based at 535 Madison Ave. The firm now occupies 22,000 square feet at 600 Madison Ave., which is more than twice the amount of space the company had at 535 Madison Ave.
O’Neil has 12 years of investment banking expertise specializing in the retail industry. He joins Financo from Raymond James, where he was a vice president for retail coverage. Earlier, O’Neil spent four years with Peter J. Solomon Co. as associate director of mergers and acquisitions for the retail group. He also spent three years in Morgan Stanley’s investment banking division. Previous clients include The Home Depot, Williams-Sonoma, Zale Corp., Charlotte Russe, Tween Brands and Avirex.
Lowry was vice president in the global mergers and acquisitions group at Bank of America Merrill Lynch. He was a senior member of the bank’s exclusive sale practice within its M&A group focusing on middle market clients. Lowry spent seven years with Bank of America Merrill Lynch and completed transactions on behalf of Icelandic Group, Otter Tail Corporation, Dutch telecom Royal KPN and Contractors’ Warehouse. Prior to his banking experience, Lowry served as a lieutenant and surface warfare officer in the U.S. Navy for five years.
“Colin and Bret bring strong M&A execution and corporate finance skills that complement and enhance our existing expertise,” said Welch.
Financo, founded in 1971, is an independent investment banking boutique providing M&A and other financial advisory services to retailers and branded consumer products firms. Financo’s transactions have been concentrated in apparel, footwear, cosmetics, fragrance, e-commerce and other merchandising-related sectors.
@tradesy is turning the concept of a showroom upside down with its new space in Santa Monica. Here, the company plans to hold events, art exhibits and a showcase rare fashion pieces like this Louis Vuitton boxing set. Get all the details on Tradesy’s first showroom on WWD.com. #wwdnews
Spotted last night at the @erdem x @hm launch event: Kate Bosworth, Rashida Jones, Kirsten Dunst and Selma Blair. The party, which took place in LA, also marked the opening of their pop-up shop. “I was interested in creating a collection that wasn’t in any way disposable. It was about pieces you’d create and keep forever, things that have a permanence to it,” designer Erdem Moralioglu said. #wwdeye (📷: Katie Jones)
Renee Zellweger in yellow in 2001 and again in 2017. Chosen as one of the 12 @pantone Leading Spring Colors (and dubbed “Meadowlark”), it only makes sense that the bright hue stands the test of time and is making a resurgence this season, seen already on stars like @blakelively and @gigihadid. (📷: Donato Sardello & @rexfeatures) #wwdfashion #tbt
Dior’s 70th anniversary celebration continues with a new exhibition at the Royal Ontario Museum in Toronto. “Christian Dior,” which is scheduled to run through March 18, takes a look at the founders tenure from 1947 to 1057 and feature 40 designs. Pictured here is an evening gown from the Ailée, fall 1948-49 haute couture collection. #wwdfashion (📷: Brian Boyle)
As one of the most recognizable models in the world, Christy Turlington Burns has an insider’s view of the fashion industry and the allegations of sexual harassment swirling around it. “I can say that harassment and mistreatment have always been widely known and tolerated in the industry. The industry is surrounded by predators who thrive on the constant rejection and loneliness so many of us have experiences at some point in our careers,” Turlington told WWD, along with her suggestions for how the modeling world should protect younger women and men. Read more on WWD.com. Link in bio. (📷: Tony Palmieri) #wwdnews
@asics America has tapped a new brand ambassador: famed DJ/record producer @steveaoki. This initiative is intended to set the tone for the new brand identity and philosophy and will include partnerships with influencers and in-store and off-line activations that will continue into next year. This is Asics’ most significant marketing effort in two decades, and is expected to attract younger consumers to the brand. #wwdfashion
24-year-old Jean Prounis is redefining the rules of jewelry. Formerly a studio assistant to Jemima Kirke and a design apprentice at Ghuran, she focuses on handcrafted subtleties and ancient goldsmithing techniques. “There was a really sterile feel in the environment and I wanted to have jewelry with character that shapes how you wear it everyday,” Prounis said. Each piece is hand made in New York, either by Prounis or three other jewelers in the district. #wwdfashion
“These collections continue to build on that vision, empowering differently abled adults to express themselves through fashion,” said @tommyhilfiger of his line of adaptive apparel, which launches today. The line consists of 37 men’s and 34 women’s styles based upon the pieces from the spring Tommy Hilfiger sportswear collection. #wwdnews