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Sagent Hires Two Bulge-Bracket Bankers
Firm brings on consumer and retail bankers from Merrill and JPMorgan.
July 24, 2008
Sagent Advisors tapped Abid Rizvi as a managing director and Scott Moses as a principal. They will join Sagent's consumer and retail group in New York.
Rizvi was most recently a managing director in the consumer products division at Merrill Lynch. At Sagent, he will focus on food and beverage companies. During his tenure at Merrill, Rizvi also served as a senior member of the corporate finance team. His past mandates include advising on the sale of Otis Spunkmeyer to IAWS. Prior to Merrill, he was part of the corporate finance advisory group at McKinsey & Co.
"Companies with strong balance sheets are going to aggressively pursue acquisitions," Rizvi said.
Moses, meanwhile, will lead Sagent's specialty retail and food-and-drug advisory teams. At JPMorgan, he was an executive director in charge of the food-and-drug retail M&A practice. Moses has worked on such deals as Ahold's sale of US Foodservice to Kohlberg Kravis Roberts and Clayton, Dubilier & Rice. Before JPMorgan, he was a member of Citigroup's consumer team and Dresdner Kleinwort Wasserstein's retail group.
"Given their disparities in performance, valuation and access to capital, retailers will continue to seek unconflicted strategic advice from experienced advisors in order to navigate the opportunities and challenges of this evolving landscape," said Moses.
In June, Sagent announced it named Thomas Rosén, who served as head of natural resources M&A at Bank of America for eight years, a managing director in its energy and power group. However, earlier this week, Barclays Capital stated that Rosén is joining its ranks instead.
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