Daily News: January 5, 2012

Morgan Joseph Adds Two Managing Directors to Healthcare Group


Morgan Joseph TriArtisan announced the addition of two new managing directors, John Cramer and Andy Sherman, to its Healthcare Investment Banking Group, reporting to group head Marc Cabrera.

Cramer has over 15 years of experience working with companies in the Specialty Pharmaceuticals, Healthcare IT and Healthcare Services subsectors, including completed engagements for equity and debt financing, M&A and restructuring. Since 1996 he has completed over 115 transactions having an aggregate value in excess of $20 billion.

Sherman has over 17 years of M&A expertise with a focus on Healthcare Services, Specialty Pharmaceuticals and Medical Devices. He has completed over 90 transactions with an aggregate value in excess of $35 billion.

“The addition of John and Andy to our existing team bolsters our already strong presence in healthcare and underscores our firm’s commitment to continued growth,” said Mary Lou Malanoski, Morgan Joseph TriArtisan’s vice chair and head of Investment Banking. “Their industry expertise, extensive relationships and diverse skills are a complement to our firm’s focus on providing differentiated, high-value services to the middle market. We believe Morgan Joseph TriArtisan is increasingly well positioned to serve this market with a solid core of professionals, and we are delighted to have John and Andy join our firm.

Previously, Cramer spent nine years at Gleacher & Company covering Healthcare, where he successfully completed lead-managed initial public offerings and follow-on equity offerings, private placements of debt and equity, buy-side and sell-side M&A transactions and creditor and debtor-side restructurings. Earlier, he covered Healthcare IT and services at Robertson, Stephens & Company and was an associate at Dewey Ballantine in New York City. He holds a Juris Doctor from The University of Michigan Law School and a BA from Albion College and Oxford University.

Prior to joining Morgan Joseph TriArtisan, Sherman was a senior member of the Healthcare Investment Banking Group at Madison Williams. From 2007 to 2009, Sherman worked in principal investing for KBL Healthcare Acquisition Corp. and Capitol Acquisition Corp., sourcing and executing transactions across various industries including healthcare services, specialty pharmaceuticals, and medical devices. From 2001 to 2007, Sherman was at Banc of America Securities where he was a Principal in Investment Banking. Earlier, Sherman worked at Montgomery Securities and James D. Wolfensohn, Inc. Sherman received a Masters of Business Administration with Distinction from Harvard Business School, a B.S. in Economics from the Wharton School of Business and a B.A. in International Relations from the University of Pennsylvania.

Morgan Joseph TriArtisan is an investment and merchant bank engaged in providing financial advice, capital raising and private equity investing.