Film Finance Veterans Blum, Hoffman Join Investment Bank
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Movie finance veterans, including Peter Hoffman, who helped Colony Capital raise funds to buy Miramax, and former Merrill Lynch executive Michael Blum, formed a new investment bank with Solar Entertainment Group.
Solar Entertainment HLB will be managed by Hoffman and Alexandra Lloyd, according to a statement today from the group. Blum, who spent 16 years at Merrill Lynch, will be chairman. The principals of the parent company are Jared Underwood, formerly with Comerica Inc., and Bobby Paunescu.