The deal, which values the firm at around a few hundred million dollars, is expected to allow M. Klein & Co. shareholders to take an eventual stake in CS First Boston, the investment banking division that will be spun off and rebranded by Credit Suisse. Pending regulatory approvals, Klein is set to become CEO of the business in 2023.
Credit Suisse Set to Acquire Michael Klein's Advisory Firm
Credit Suisse Group is reportedly close to acquiring M. Klein & Company, an advisory boutique founded by former Citigroup executive Michael Klein.
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