Foros is a boutique investment bank headquartered in New York. Founded in 2009 by former Deutsche Bank M&A chief Jean Manas, Foros provides advice on mergers and acquisitions and other corporate finance matters. In its first months of operation, Foros advised Virgin Mobile USA on its $680 million sale to Sprint Nextel and Ciena Corporation on its $520 million purchase of Nortel’s Metronet Ethernet Networks. In November 2009, Foros advised IMS Health in its $5.2 billion acquisition by the private equity firm TPG and the Canada Pension Plan. This was the largest private equity sale in 2009.
After its initial year, the firm has played a role in several large transactions. In 2010, Foros advised Interactive Data Corp. (IDC) in its $3.4 billion acquisition by Silver Lake Partners and Warburg Pincus. In 2011, Foros advised Medco on its $28.5 billion sale to Express Scripts with JP Morgan and Lazard.