Foros professionals are seasoned M&A advisors with a track record of delivering successful outcomes in complex situations.
Jean serves as the chief executive of Foros, which he founded in 2009. Foros has been ranked among the top 15 M&A advisors and among the five top independent advisory firms in the U.S by league table providers. The Financial Times called Foros one of the “big fish among the boutique investment banks.”
Jean provides long-term strategic advice as well as tactical solutions for acquisitions, dispositions and whole-company strategic transactions to longstanding clients. Since founding Foros, notable transactions include advising: Acreage Holdings on its amended plan of arrangement with Canopy Growth; Ciena on the $769 million purchase of assets from Nortel Networks; CA Technologies on the $330 million acquisition of Interactive TKO and €600 million cross-border acquisition of Automic Software; Dassault Systèmes on the $750 million acquisition of Accelrys and the $400 million acquisition of Exa; Diplomat on its $0.9bn sale to OptumRx; Earthlink on its $1.1 billion merger with Windstream; F5 on its $670 million acquisition of NGINX, its $1 billion acquisition of Shape Security, and its $500 million Acquisition of Volterra; IMS Health on its $5.2 billion going-private transaction; Interactive Data Corp. on its $3.4 billion going-private transaction; Intersil on its $3.2 billion cross-border sale to Renesas of Japan; JLL on the $1.4 billion sale of NetSpend to TSYS; Kodak on its issuance of $200 million of convertible preferred stock to Southeastern Asset Management; Medco on its $29 billion sale to Express Scripts; SEACOR on its $1 billion Take-Private Transaction with AIP; UNFI on its $2.9 billion acquisition of SUPERVALU; and Virgin Mobile on its $688 million sale to Sprint. Jean also advised the FCC and FCC Chairman on the structure of the wireless communications industry.
Over his long career as a banker, Jean has advised on a wide variety of multi-billion dollar transactions, including advising: HP on its $23.5 billion merger with Compaq; Lyondell Chemical on its $20 billion sale to Basell AF; multiple private equity buyer consortiums on acquisitions, including the $13.7 billion acquisition of Univision; ntl on its $8.9 billion merger with Telewest; SCI on its $6.1 billion merger with Sanmina; ArrowPoint Communications on its $5.7 billion sale to Cisco Systems; Sterling Commerce on its $4 billion sale to then SBC Communications; NBC on its $3.5 billion acquisition of the Weather Channel; AMC on its $2.2 billion going private transaction; Penn National Gaming on its $2 billion acquisition of Argosy Gaming; Lenovo Group on its $1.75 billion acquisition of IBM’s PC business; Pulitzer on its $1.5 billion sale to Lee Enterprises; and Comverse Technology on the $1 billion acquisition by its subsidiary, Verint, of Witness Systems.
Prior to founding Foros, Jean was Americas Head of Mergers & Acquisitions and a member of the Global Banking Executive Committee at Deutsche Bank. Under Jean’s leadership, Deutsche Bank rose from number twelve in the U.S. M&A league tables in 2006 to number five in 2008, according to Thomson Financial. Prior to joining Deutsche Bank in early 2006, Jean was a Managing Director and Co-Head of Mergers & Acquisitions in the Technology, Media and Telecommunications Investment Banking Group at Goldman, Sachs & Co. At Goldman Sachs, he also worked as a senior banker in the M&A and Financial Institutions Groups. Prior to joining Goldman Sachs in 1998, Jean was a Vice President in J.P. Morgan’s Technology, Media and Telecommunications Investment Banking Group.
Jean received a J.D. (magna cum laude) from Harvard Law School, where he was Supervising Editor of the Harvard Law Review, and a B.A. (summa cum laude) from Princeton School of Public and International Affairs. He is Chairman of the Board of Trustees of Robert College of Istanbul, Turkey and of Ethiopia Education Initiatives.