Trusted Investment Banking
for the Middle Market

Welcome to
Paddock Capital Markets

We provide M&A and capital raising advisory services to the middle market. With clients located around the world, we provide global connectivity with a focus on delivering high-touch, unbiased, high quality service.

Paddock Capital Markets was founded by Bill Salus and Jeff Solomon, and is headquartered in New York City.

News

Apex Group adds to client offering with close of Mainspring acquisition

Apex Group Ltd. (“Apex Group” or the “Group”), a global financial services provider, announces today the successful close of the acquisition of Mainspring Fund Services Limited, following receipt of full regulatory approval from the UK’s Financial Conduct Authority (“FCA”). The strategic acquisition of Mainspring adds 70 new employees and £10.5bn of assets under administration (“AuA”) […]

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Deep Industry Knowledge
Coupled With
Decades of Deal Experience

Paddock brings operational industry knowledge and M&A experience to our clients as part of every transaction. While many investment banks claim knowledge of an industry, few actually deliver industry thought leadership combined with M&A execution experience. This unique value proposition better prepares our clients for an M&A transaction process, which in turn generates value creation.

Bulge Bracket Investment Banking
Services, Delivered to the Middle Market

Paddock Capital Markets applies its disciplined approach to transaction services in the Fund Services, FinTech & InsureTech, Healthcare Services & Technology, and Business Services industries to deliver solutions that enable our clients to reach their business goals. Our large network of private equity and venture capital investors, as well as owners and operators of business services and technology firms, enable us to facilitate conversations with parties that are aligned in business goals. We have a unique understanding of owner/founder firms, where these transactions tend to take on an emotional and personal feel. As a true partner, we invest the time and attention to understand the seller’s preferences to match them with buyers that are a cultural and business fit – delivering optimal outcomes.

Process Focus

Paddock Capital Markets believes that running a tight, well-documented, and prepared process creates competitive tension across the buyer universe. Together with the marketing and investor materials, data room structure, and management availability, this tension tends to drive an active and engaged dialogue that pushes enterprise values upward. The process is wrapped in Paddock’s tailored approach that helps our clients achieve full sales, partial sales and investments, and initial and later stage capital raises outcomes.

$65+ Bn

M&A transaction experience on both buyside and sellside

50 Years

Combined investment banking and industry leadership experience among partners

Our Specialization

Fund Services FinTech & InsureTech Healthcare Services and HealthTech Business Services

Fund Services

Paddock Capital Markets brings seasoned experience within the fund services ecosystem to deliver outcomes that enable our clients to grow and reach their desired business objectives. With both operational and transaction experience, Paddock sets itself apart by providing insightful and unbiased advisory services to firms in a highly active market with seller expansion initiatives, investor interest, roll-up and company aggregation strategies, and geographic expansion. We know the terrain. We understand the competitive drive in the market. We may be the only investment bank to focus on all ends of and client sizes within the fund services market.

FinTech & InsureTech

Financial Technology is one of the most active and vibrant industries within alternative investments. With an estimated market size over $1T, investor interest continues to pursue the next technology unicorn. Paddock’s deep network has allowed it to successfully raise capital for FinTech and InsureTech companies seeking growth equity. With experience in advising service providers to alternatives, Paddock has been able to identify many “outside the box” investors to help supplement capital raise and sale processes.

Healthcare Services and HealthTech

The Healthcare industry continues to show resilience across business cycles, crises, pandemics, wars, and other global events. With extensive industry experience covering healthcare services and technology companies, Paddock is well positioned to immediately add value to our clients. Healthcare service providers continue to be largely fragmented, with few ever realizing true efficiencies of scale. Private equity has taken notice and has made strides to “roll-up” industry sub-verticals, such as dentistry, optometry, veterinary, and others. We expect this market to continue to thrive and draw interest from industry aggregators. The Partners at Paddock have collective experience in over $10 billion of healthcare M&A transaction volume.

Business Services

Business Services encompasses a large swath of current and potential clients for Paddock. It includes industry verticals from corporate services (i.e. middle- and back-office outsourced functions), to construction and utility services, to industrial and manufacturing services. With unique attributes that drive value in each business services vertical, it is important for clients to hire advisors who can dig into the details and understand all of the inner-workings of their businesses. Paddock helps by engaging with clients early on through strategic consulting assignments, helping companies prepare their business for sale or capital raising processes in advance. This is done by identifying and addressing potential buyer / investor diligence questions in advance of a process to ensure a smooth sale process with few surprises.

Who We Are

Bill Salus

Co-founder & Managing Partner
Bill has more than 30 years of experience in executive management, business development, and relationship management in the investment and financial services industry both in the U.S. and abroad. Bill is a domain and subject matter expert in mergers & acquisitions and other capital transactions. Bill consults with asset, fund, and investment servicing firms on engagements across the investment management ecosystem.

Jeff Solomon

Co-founder & Managing Partner
Jeff has more than 15 years of experience in investment banking and management consulting. In each of his prior roles, Jeff has been instrumental in driving M&A transactions to completion by providing founders and CEOs guidance in navigating the deal-making process. To date, Jeff has advised on over 40 completed M&A transactions, totaling more than $65 billion in transaction volume since 2011.

Michelle Chien

Investment Banking Associate
Before joining Paddock, Michelle held various roles in sales and trading at Citigroup. As a salesperson, Michelle helped manage client relationships within the securitized products business before moving on to trading. As a fixed-income flow trader, Michelle was responsible for best execution trades across product groups for institutional and retail clients. With a BS in Accounting from Penn State, Michelle adds transaction execution depth to Paddock’s strong M&A franchise.

Riley Monahan

Investment Banking Analyst
Before joining Paddock, Riley worked in management consulting at Deloitte. As a consultant, Riley worked in the Government and Public Services space servicing DoD agencies in a deeper understanding of their financial reports. He also supported Deloitte Catalyst, the Venture Capital arm of Deloitte where he focused on emerging hybrid businesses through accelerating innovation and growth, and creating sustainable value across industries. Riley received a BS in Accounting from Penn State.

Erin Pellegrino

Senior Advisor
Erin is a strategist, designer and registered architect with a decade of experience in the fields of design, business development and creative consulting. She currently works as the founder and principal of Matter, a design firm that solves problems that span from brand and digital experiences to the built environment. She has worked extensively in the venture and start-up space in the Northeast, with early stage companies as well as VC funds on design, visual and narrative strategy and brand development. Erin has taught widely in architecture and design fields at universities including Harvard, Cornell, Parsons, The City University of New York and the New Jersey Institute of Technology.

Tom Strauss

Senior Advisor
Tom has had more than 30 years of corporate finance and M&A experience, having started his career in law practice in NYC before joined Lehman Brothers as a young associate. Subsequently, Tom was Co-Head of the Mergers & Acquisitions Group of Barclays de Zoete Wedd’s, Barclays PLC’s investment banking subsidiary. In 2006, Tom founded Strauss Capital Partners LLC, a boutique M&A firm that has advised on several high-profile domestic and cross-border transactions in such sectors as automotive, healthcare, defense and financial services.

Patrick Fraley

Managing Director
Patrick has more than 15 years of experience in investment banking advisory and M&A transaction accounting. During these roles, Patrick advised clients through the complexity of the sale of existing businesses and the acquisition of value-added platforms. Working alongside clients of a broad range of value, Patrick has guided management teams through the full M&A process from preparation to completion.

Our Services

Sellside
M&A

Buyside
M&A

Capital
Raising

Valuation
Services

Strategic
Board Level
Advisory

Deal
Structuring

Who We Serve

  • Owner/Founders
  • PE/VC backed companies
  • Public Companies
  • Family Offices
  • Strategic Buyers

Specialty Services / Focus Areas

  • Search fund advisory
  • Post-merger integration support
  • Outsourced deal and modeling support
  • Strategic capital raise scenario analysis
Contact Us