Moelis Hires Co-Head of Skadden Buyouts Team

os Angeles, March 10, 2011: Moelis & Company today announced that Nick P. Saggese has joined the firm as a Senior Advisor based in Los Angeles. Mr. Saggese, who has a distinguished legal career spanning more than 30 years, will work closely with the firm's advisory professionals to broaden client relationships and provide senior level advice and expertise to the firm and its clients.

"Nick is one of the most talented and respected corporate attorneys and we could not be more pleased that he has joined us to provide his unique insights and expertise to our clients," said Ken Moelis, Chief Executive Officer of Moelis & Company. "Over the course of his career, Nick has been a leading advisor on mergers and acquisitions, a pioneer in complex capital markets transactions and a first call for many corporations and financial sponsors. Our clients will be very well served by having someone of his reputation and caliber available to them for strategic advice."

Mr. Saggese joins Moelis & Company following a more than 25-year career with Skadden, Arps, Slate, Meagher & Flom LLP where he most recently was a Partner and served as the Co-Head of the firm's Private Equity practice. In this role, he represented clients in connection with a variety of corporate transactions, including private equity, mergers and acquisitions, recapitalizations, securities offerings and corporate restructurings. Recent representative transactions include advising Vulcan in the sale of DreamWorks to Paramount Pictures, Leonard Green and TPG on the acquisition of PETCO, MGM on its Chapter 11 reorganization and Paul Allen, as principal shareholder of Charter Communications, in connection with Charter's Chapter 11 reorganization. Mr. Saggese is a co-author of one of the leading handbooks regarding corporate restructurings. He has also been recognized as a top lawyer in each of capital markets, mergers and acquisitions and private equity in a number of legal and business journals and was recently named one of the Top 100 Lawyers in California by the Daily Journal.

Mr. Saggese said: "I have worked with Ken and the Moelis & Company team for many years and am delighted to join such a world-class and experienced group of people. Moelis & Company has demonstrated tremendous momentum and a unique focus on clients, and I look forward to assisting the team in providing advice and solutions to clients."

About Moelis & Company
Moelis & Company, recently named Best Global Independent Investment Bank by Euromoney, is a global investment bank that provides financial advisory, capital raising and asset management services to a broad client base including corporations, institutions and governments. With over 470 employees, Moelis & Company serves its clients through offices in New York, Boston, Chicago, Dubai, London, Los Angeles and Sydney.