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  • January 2023
  • Case
  • HBS Case Collection

Zaoui & Co. (A): Consigliere for High Stakes M&A Transactions

By: Ashish Nanda, Alex Kitsberg and Zack Kurtovich
  • Format:Print
  • | Language:English
  • | Pages:16
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Abstract

In September 2019, Zaoui & Co.’s close-knit team of professionals convened for their annual off-site. In its nine years of operation, the boutique investment bank founded by the brothers Michael (HBS ’83) and Yoel Zaoui (Stanford GSB ’88), had garnered a track record for advising on several significant transactions across Europe. At the retreat, the firm’s leaders were debating whether to (a) continue as a small boutique focused on mergers and acquisitions (M&A) advisory services, (b) grow aggressively in M&A advisory, or (c) diversify into principal investing. Each alternative presented strategic and organizational challenges and opportunities. Whichever path they elected to pursue would significantly influence what kind of firm Zaoui & Co. would become.

Keywords

Investment Banking; Professional Service Firm; Entrepreneurial Finance; Finance; M&A; Mergers and Acquisitions; Organizational Change and Adaptation; Growth and Development Strategy; Banking Industry; Europe; United States

Citation

Nanda, Ashish, Alex Kitsberg, and Zack Kurtovich. "Zaoui & Co. (A): Consigliere for High Stakes M&A Transactions." Harvard Business School Case 723-399, January 2023.
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About The Author

Ashish Nanda

Strategy
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    • Faculty Research

    Zaoui & Co. (B): Executing the Odyssey SPAC Transaction

    By: Ashish Nanda, Alex Kitsberg and Zack Kurtovich
Related Work
  • Zaoui & Co. (B): Executing the Odyssey SPAC Transaction By: Ashish Nanda, Alex Kitsberg and Zack Kurtovich
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