PJT Partners Inc., the merger-advisory firm started by former Morgan Stanley banker Paul Taubman, hired Tom Davidson to expand its health-care business, according to a person familiar with the plans.
Davidson will focus on pharmaceutical and biotechnology deals, said the person, who asked not to be identified because the plans are private. He was previously a vice chairman at Credit Suisse Group AG, and has also worked at Merrill Lynch.
The health-care industry is leading M&A activity in the past year, with almost $400 billion of deals announced. Davidson’s transactions include advising Merck & Co. last year on the purchase for more than $3.5 billion of Idenix Pharmaceuticals Inc. He also worked on Pfizer Inc.’s acquisition of Wyeth LLC in 2009 for about $64 billion.
PJT also hired Rakesh Patel, previously JPMorgan Chase & Co.’s co-head of health care in Europe, Middle East and Africa, people familiar with the plans said in April. Taubman started his New York-based firm in 2013 after three decades with Morgan Stanley. He is planning to merge with Blackstone Group LP advisory operations to form a publicly traded company.
Credit Suisse spokeswoman Elizabeth Rudall declined to comment on Davidson’s move. Julie Oakes, a representative for PJT at Joele Frank Wilkinson Brimmer & Katcher, declined to comment.