Distressed Boutique Investment Banks (We Hope You Already Shorted This One)
So, you don't see this everyday: Greenhill & Co., a boutique investment bank that dabbles in restructuring advisory work, announced a "self-help" transaction - powered by a new $300mm Goldman Sachs credit facility and $10mm from each of Chairman Bob Greenhill and CEO Scott Bok. The (quasi go-private?) transaction will include paying off debt, a tender f…