Mack Rossoff Explained

Mack Rossoff is an American financier and investment banker. He is Managing Director at GLC Advisors, LLC and the founder of Rossoff & Co., an independent financial advisory firm based in New York City. Rossoff has had a long career in investment banking, with over 39 years of experience. GLC Advisors and Rossoff & Co. operate in the United States and internationally.

Mack Rossoff
Citizenship:United States
Birth Place:St. Louis
Alma Mater:Princeton University, (AB, 1974)
Education:Harvard Business School, (MBA, 1984)
Occupation:Financier
Employer:Rossoff & Company LLC
Banc of America Securities (prior)
Soundview Technology Group (prior)
JP Morgan (prior)
Schroder Wertheim & Co. (prior)
Dillon, Read & Co. (prior)
Wasserstein Perella & Co. (prior)
The First Boston Corporation (prior)
Years Active:32
Spouse:Jeannette Boyer
Known For:Mergers and Acquisitions, Corporate Finance
Notable Works:Financial advisor to Kohlberg Kravis Roberts during the leveraged buyout of RJR Nabisco

Career

Rossoff started his career in 1982 with The First Boston Corporation, predecessor to Credit Suisse, where he advised Taft Broadcasting on acquisition of Gulf Broadcasting, Time Inc.’s acquisition of Scott Foresman & Co., Tri-Star Pictures on its initial public offering and Ted Turner on his junk bond offering.[1] At First Boston, Rossoff worked with Bruce Wasserstein and Joseph Perella and later joined them in a move to Wasserstein Perella & Co.[2]

While with Wasserstein Perella & Co., Rossoff worked on several notable transactions, including Campeau Corporation's acquisition of Federated Department Stores,[3] Time Inc.’s merger with Warner Communications, Inc.,[4] [5] and Kohlberg Kravis Roberts leveraged buyout of RJR Nabisco Inc., valued at a record $25 billion.[6] Rossoff's role in the leveraged buyout of RJR Nabisco Inc. is referenced in Barbarians at the Gate, the best-selling book that chronicled the transaction.

Rossoff went on to be a managing director at Dillon, Read & Co. in the corporate finance department,[7] head of corporate finance at Schroder Wertheim & Co.,[8] global head of media and entertainment at JP Morgan[9] and managing director and head of mergers and acquisitions at Soundview Technology Group, Inc.[10] [11] Following Soundview Technology Group, Rossoff joined Banc of America Securities as a managing director in the media and telecom group.[12] While at Banc of America Securities, Rossoff advised Columbia Sussex on the $2.75 billion contested acquisition of Aztar Corp.[13]

During his career Rossoff has been on a number of corporate boards including Director of Oneclip.com.[14] Rossoff is an Honorary Trustee of Congregation Rodeph Sholom (Manhattan)[15] and was Vice Chair and Trustee of Ethical Culture Fieldston School[16]

Early life

Rossoff grew up in Palos Verdes, California, the son of Lyn Marcella and Jerome Rosoff.[17] He has two siblings, Bob Rossoff and Lauri Rossoff Kinney. He received his AB cum laude from Princeton University in 1974. While at Princeton, Rossoff was Co-Winner of the 1869 Thesis Prize for best senior thesis on Ethics. Rossoff received his MBA with Second Year Honors from Harvard Business School. He is married to attorney, Jeannette Boyer.[18] [19]

Notes and References

  1. https://archive.org/details/TheNewGenerationOfMABankers The New Generation of M&A Bankers.
  2. https://archive.org/details/TwoBigFirstBostonClientsWillKeepDefectingMergersOfficalsAsAdvisers Two Big First Boston Clients Will Keep Defecting Merger Officials as Advisors.
  3. https://www.latimes.com/archives/la-xpm-1988-06-12-fi-7352-story.html How Campeau Won Federated: Epic Battle Affected Lives and Livelihoods of Thousands.
  4. http://fortune.com/2012/11/21/the-inside-story-of-time-warner/ The inside story of Time Warner.
  5. https://www.latimes.com/archives/la-xpm-1989-06-17-fi-1665-story.html Time Inc. Strikes Back: Time's Strategy Showcases Wasserstein Perella & Co. as Superstar in Merger Battles.
  6. Barbarians at the Gate, Burrough Bryan and Helyar John (1990). Chapters 8 and 15
  7. https://www.nytimes.com/1992/03/03/business/hiring-by-dillon-read.html New York Times, 3 March 1992
  8. https://archive.org/details/SchroderRecruitsRossoffForUSCorporateFinance Schroder recruits Rossoff for U.S. corporate finance.
  9. https://variety.com/1997/scene/news/j-p-morgan-taps-rossoff-for-media-1116675007/ J.P. Morgan taps Rossoff for Media.
  10. https://web.archive.org/web/20160325142721/https://www.highbeam.com/doc/1G1-60106163.html In Brief: J.P. Morgan Loses Entertainment, Media Investment Chief to Net Firm.
  11. http://freepdfhosting.com/fdbd0a089d.pdf Wit and Wisdom.
  12. http://freepdfhosting.com/11d9c99cd4.pdf Movers & Shakers - Oct. 14, 2002.
  13. http://freepdfhosting.com/26faa692ef.pdf Columbia Sussex wins Aztar.
  14. http://www.thefreelibrary.com/OneClip.com+Announces+New+Board+Appointments.-a061803371 Oneclip.com Announces New Board Appointments.
  15. http://rodephsholom.org/about/board-of-trustees/ Congregation Rodeph Sholom Established 1842
  16. Web site: Ethical Culture Fieldston School Annual Report 2004 - 2005 . 2014-09-18 . https://web.archive.org/web/20141126212727/http://www.ecfs.org/files/annual_report_0405.pdf . 2014-11-26 . dead .
  17. Web site: ROSSOFF, Jerome Beloved father, grandfather and friend, died April 13, 2010. He was 84. . Los Angeles Times. April 18, 2010. He is survived by his three children, Mack Rossoff of New York City, Bob Rossoff of Los Angeles and Lauri Kinney of Santa Clarita, and his five grandchildren. .
  18. Web site: David. Lat. Lawyerly Lairs: A $12 Million Duplex, Renovated By A Starchitect - How did this stay-at-home mom turned in-house lawyer afford a $12 million Manhattan apartment? . Above the Law. October 8, 2013. Jeannette Rossoff and her husband — Mack Rossoff, who’s an investment banker (of course) — live in 101 Central Park West, or “101 CPW” for short. .
  19. Web site: Jacques . Kelly . Samuel Boyer, 81; was genetic researcher . Baltimore Sun. January 23, 2006. In addition to his wife, Dr. Boyer leaves two sons, Donal and Thomas, both of San Diego; a daughter, Jeannette Rossoff of New York City; and eight grandchildren.