M&A: I'm Tired Of Playing This Game With You

Mergers & Acquisitions Graphic.JPGA well-known financier—cough, Lloyd Blankfein, cough—once said, “The Sunday Styles’ ‘Weddings and Celebrations’ section exists solely to make people feel bad about themselves. If you’re unwed—it’s a reminder that you probably never will be; for the single women, it reinforces the fact that they will die alone, save for their cats and the indelible crows feet caused by years of putting careers before relationships. For the men, it’s a splash of cold water on their no-longer-youthful faces that no one wants an aging bachelor—even Jay McInerney is all, ‘I’d argue that having three divorces and four wives to my name is a small price to pay in exchange for being off that bitch of a singles market.' And if you’re reading ‘W&C’ and are wearing the tiniest handcuff known to mankind? Well, that’s just the cruelest punishment of all. You know what these people are in for.” (Which is part of the reason people stopped inviting him to their weddings and bar mitzvahs-- who needs that kind of negativity?)

With that said, we here at Dealbreaker are always up for trivializing the pain of others, and noticed some time ago the considerable Venn Diagram overlap between the unfortunate souls “married last evening at the Tribeca Rooftop” and the same people having jobs in the industry of which we cover. Every Monday, we’ll review the Times wedding announcements that involve professionals, assign them “market value,” based on experience, firm, any other occupational variables we see fit. Feel free to add your own ratings scale and we may or may not incorporate it into our own next week.

Salima Vahabzadeh, Paul Sheppard

Bride:

-Graduated from Cornell (+1)

-Received her MBA (-1) from Wharton (this pains us but: +3)

-Is responsible for corporate finance mergers and acquisitions (+2) at Allen & Company (-1)

Pre-merger valuation: 4 points

Bridegroom:

-Graduated from Cambridge (+2)

-Received his MBA (-1) from Wharton (+3)

-Works on media company mergers and acquisitions (-2) at Evercore Partners (+2)

Pre-merger valuation: 4 points

Post-merger valuation: 8 points

Notes: Salima and Paul—like every other couple in this week’s edition of M&A—met in grad school. We’re not saying the young Briton had to make a split-second decision come graduation, re: his rapidly expiring student visa, but we (KH especially) know from experience that green cards don’t come so easy.

Bronwen Charters, William Mason

Bride:

-Graduated from the University of Chicago (+1)

-Received her JD (-1) from Vanderbilt (+2 (Carney insisted—“Girls are pulchritudinous in the South, Bess” (actually, he said “hot” and licked his lips but then added, “make me sound not lecherous, that’s how you reel them in to Carney’s Fun House” and licked his lips again.)))

-Is an associate (-3) specializing in securities law (-1) at Shearman & Sterling (+1)

Pre-merger valuation: -1 points

Bridegroom:

-Graduated from St. Lawrence (-1)

-Received his MBA (-1) from Vanderbilt (+2)

-Is an associate (+1) and investment representative in the private wealth management division (-2) of Morgan Stanley (+1)

Pre-merger valuation: 0 points

Post-merger valuation: -1 points

Notes: The numbers alone indicate that this was a foolhardy union but we’re confident the couple will be well-insulated by the WASP’s nest in which they live. And in case there’s any confusion, we’re referring to the American heavy metal band formed in 1982, which gained notoriety for its shock rock themed image, lyrics and live performances.)

Comer Ireland, Brandon Aebersold

Bride:

-Graduated from UNC (+0.5)

-Received her JD (-1) from UVA (+1)

-Is an associate (-1) at Park Hill Real Estate Group (-1), which raises money for investment in real estate funds (+1)

Pre-merger valuation: -0.5 points

Bridegroom:

-Graduated summa cum laude (+2) from Furman University (0)

-Received his JD (-1) from UVA (+1)

-Received his MBA (-1) from the University of Chicago (+1)

-Is to become an associate (+1) in August (taking the summer easy: +3) at Lazard (+1)

Pre-merger valuation: 8 points

Post-merger valuation: 7.5 points

Notes: This merger is extremely dilutive to the groom. We'd say he'll probably regret it in 3-5, but it was probably part of his overachieving master plan all along to marry a fixer-upper. That, or he just wants to be able to call her and play this whenever the mood strikes, substituting “It’s dad, call me back when you get a sec” for “It’s Brandon, gimme a call when you get a chance or I'll just see you back at the house.” And that kind of makes it all worth it.

Comments

Posted by , Apr 23, 2007 4:37PM

that is a fantastic (and sad but still fantastic) voicemail.

Posted by Give-up Agreement, Apr 23, 2007 5:39PM

In what universe is Allen & Company a -1?

Posted by , Apr 23, 2007 5:50PM

“It’s Brandon, gimme a call when you get a chance or I'll just see you back at the house.” nice.

Posted by anon., Apr 23, 2007 7:21PM

I hate these.

They are exteremely dilutive to integrity of dealbreaker.

please stop.

Posted by BSD, Apr 23, 2007 7:47PM

Integrity? of Dealbreaker? What are you smoking?!
Bess, keep doing these, but weren't you going to switch to post-merger averages and tie the parents into the valuation?

Posted by , Apr 23, 2007 8:08PM

these are awesome. i love when they go down in my belly.

Posted by , Apr 23, 2007 10:19PM

best party of monday

Posted by Man, Apr 24, 2007 9:40AM

I think you need to add parents; pedigree is important!

Posted by 10803, Apr 24, 2007 11:03AM

Is there an index to the ratings anywhere, or are they as completely arbitrary as they appear? The Charters/Mason merger is particularly telling. She's a [law firm] associate, at -3. OK. But he's an [investment bank] associate, at +1. They're both complete peons, so a 4-point spread is just ridiculous. Similarly, being an "investment rep" in private clients (read: cold-calling douchebag) seems a lot more than 1 point worse than securities. Finally, do law firms simply cap out lower than IBanks? I'm OK with that, but I'd like to understand, because S&S is much closer to the top of biglaw than MS is to the top of IB.

Keep up the good work.

Posted by , Apr 24, 2007 11:05AM

Why is the attractiveness of the bride included? Are we just assuming that because she works in finance that she is a hag? If so then I understand.

Posted by , Apr 24, 2007 11:06AM

correction: "Why is the attractiveness of the bride [NOT] included"

Posted by iluvmuff, Apr 24, 2007 12:58PM

bring back muffie.

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