Near Earth LLC Creates "Near Earth Advisory" as Distinct Business Unit
New York, NY (PRWeb) February 5, 2007 -- Near Earth LLC announced today the formation of Near Earth Advisory as a distinct business unit focused on advisory services. These services include valuations, fairness opinions, custom research projects, business planning, and litigation support, on behalf of corporate and investor clients in the satellite, media and telecom sectors. Near Earth Advisory will complement transactional services provided by Near Earth Capital.
With a significant and rapidly growing track record of financial advisory work on behalf of hedge funds, finance companies, large global corporations, as well as earlier-stage ventures, Near Earth Advisory is well positioned to serve a variety of clients, whether issuers of capital or capital providers, with non-transactional finance, analysis, and valuation support. Leveraging the team's combined experience in equity research and corporate management in addition to banking, Near Earth Advisory will also offer clients the full benefits of its diverse and highly regarded advisory board that includes executives and consultants from a large cross-section of the satellite, media, and telecom sectors. Recent assignments have included projects for Gilat Satellite Networks, Hughes Network Systems, SES Americom, XM Satellite Radio, and more than ten leading investment management firms. Near Earth Advisory will be led by Armand Musey, CFA, a former top-ranked Wall Street equity analyst covering communications companies.
Concurrently, Near Earth Capital will continue to provide traditional investment banking activities and offer a full range of transactional work such as capital raising and mergers & acquisition services. With a combined track record of more than 50 years and $30 billion of satellite, media, and telecom transactions on behalf of both emerging and well established public and private companies, Near Earth Capital is ideally suited to offer the highest quality investment banking services to its clients.
Near Earth LLC Managing Member and CEO, Hoyt Davidson, commented: "This business alignment reflects our firm belief that the combination of transactional and non-transactional services not only enables us to leverage the breadth of our financial backgrounds, but will benefit both types of client interest with the most current and comprehensive industry and market knowledge."
About Near Earth LLC:
Near Earth LLC is an investment banking and advisory firm focused on the satellite, media and telecom industries. Near Earth provides a full range of capital raising, advisory and consulting services to companies and their Boards. Near Earth's professionals have been involved in financings in excess of $30 billion during their careers.
For more information, visit www.nearearthllc.com
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