Observers say Perella is friends with many of the ex-executives who make up the dissident group.
Perella is still finalizing the details of his new partnership while he continues to recruit.
Commercial and real estate loans and assets in Spain have recently been sold on to Perella.
Perella and Wasserstein were stars at First Boston before breaking ranks and setting up their own firm in 1988.
If Perella were to join Lazard, it would mark his reunion with Wasserstein after more than ten years apart.
Perella Weinberg Partners was hired as an outside appraiser to value independently the joint venture.
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Reuters reports that Barclays and Perella Weinberg Partners are advising Silver Lake, while JPMorgan Chase is advising Dell.
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"Give it another six months, " says Stephen Dube, director of technology research for investment banker Wasserstein Perella in New York.
The pressure mounted in April after key investment banker Joseph Perella quit.
Perella reached a conclusion but its valuation has not been made public.
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Wasserstein Perella made lots of money in junk bonds in 1991.
Barclays and Perella Weinberg Partners provided HP with investment banking advice.
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The company also hired Perella Weinberg Partners as its investment banker.
Perella left Wasserstein Perella in 1993 to join Morgan Stanley.
The panel, which included Andrew Bednar from investment bank Perella Weinberg as well, agreed that the only limit on the size of buyouts is the depth of debt markets.
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Today, Morgan Stanley confirmed its top investment banker and another member of that rainmaker group, Joseph Perella Joseph Perella , would quit the firm, as would his longtime deputy, Tarek Abdel-Meguid Tarek Abdel-Meguid .
"We were just a bank, " says Bruce Nolop, who joined Pitney Bowes as chief financial officer in 1999 after law and business degrees and a career at Wasserstein Perella and other investment banks.
Perella initially agreed to stay last month, accepting the title of vice chairman reporting to Purcell, after a management shuffle that pushed Newhouse aside in favor of Zoe Cruz Zoe Cruz and Stephen Crawford Stephen Crawford .
The RBS-Blackstone deal was done at a 30% discount to the loans' value, according to DTZ research, and the bank's March sale of troubled Spanish loans to Perella Weinberg Partners sold at a 45% discount.
Dresdner is proud of its investment-banking business: arguments over the latter's future led to the scrapping of the deal with Deutsche, and since then it has bought Wasserstein Perella, an American firm, to bring in new expertise.
Morgan Stanley has been under siege since a senior management reshuffle in late March that resulted in the departures of several star bankers, including Vikram Pandit , head of the institutional securities unit, John Havens , head of equities, and Joseph Perella , a key rainmaker.
Perella and Meguid have not said where they are headed, but they, along with Stephan Newhouse Stephan Newhouse , who quit as Morgan Stanley president two weeks ago, Vikram Pandit Vikram Pandit , former head of institutional securities, John Havens John Havens , former head of equities, and Guru Ramakrishnan Guru Ramakrishnan , head of trading, are likely to attract multiple offers, executive recruiters say.
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