Robert W. Baird & Co. Inc. announced it has launched a new Corporate Restructuring Investment Banking group to provide equity and debt financing and merger and acquisition advisory services to financially distressed companies as they seek to reorganize.
The Milwaukee company's new division will be based in Chicago. William Welnhofer, formerly a principal at Starshak Welnhofer & Co. in Chicago, has joined Baird as managing director of the new effort.
"The addition of the Corporate Restructuring group positions Baird to provide financial guidance to our clients throughout the economic cycle," said Steven Booth, director of investment banking for the firm. "Bill and his team bring a long history of successfully guiding companies through the challenges and complexities of restructuring which will add terrific value to the firm and our clients."
"As one of the country's leading middle market investment banking firms, Baird has terrific resources, an outstanding reputation, and a fantastic presence across all its markets," Welnhofer said. "Though reorganizations can be challenging, they are also a great opportunity to add value for clients. I look forward to working with the team here to help grow the firm's corporate restructuring capabilities."
Over the past 10 years, Baird has advised on 380 M&A transactions totaling approximately $50 billion and has served as lead or co-manager on approximately 250 equity offerings totaling $34 billion.
Baird creates new restructuring division
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