Oppenheimer acquires Fulcrum's restructuring group

By Devika Patel

Knoxville, Tenn., Oct. 28 - Oppenheimer & Co. said it has acquired Fulcrum Strategy Partners' restructuring group.

Fulcrum was formed last year by Nicholas W. Tell Jr., former portfolio manager of Trust Co. of the West's distressed funds, and Eben Paul Perison, former managing director with Fortress Investment Group and former co-head of investment banking for Libra Securities.

Fulcrum was formed to capitalize on Tell's and Perison's experience in advising and investing in middle-market troubled companies.

"We were quickly able to build a group at Fulcrum that is able to advise companies and creditors from an investor's perspective," Perison, the restructuring group's head, said in a press release. "We believe that our credibility and relationships built from not just advising companies but also from actually investing in hundreds of companies during the past two distressed cycles will be an invaluable resource to help troubled companies and creditors through this next cycle."

Oppenheimer is a Toronto-based provider of investment banking, securities, investment management and wealth management services.

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