Giuliani Capital Advisors, the boutique investment bank which Rudy Giuliani bought from Ernst & Young 27 months ago for $9.8 million, has now been sold, to Australia’s Macquarie. We knew this was going to happen; the big question was how much it would go for.
Dealbook recycles an old NYT story which said, implausibly, that the bank could sell for more than $80 million. But the WSJ doesn’t even hazard a guess. As for the press release, it says only that “the transaction will not have a material impact on
Macquarie’s balance sheet”.