Woozy WeWork Targets Global Investment Banking In Fertility Via IPO Fast Track

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In the same exact 12 E. 49th St. NYC prime real estate as WeWork is Rhone Group LLC, the investment adviser firm and Rhone Group Advisors LLC, the Brokerage Firm and Investment Bank.

Rhone Group has numerous underlying subsidiaries and corporate structures, control persons both foreign and domestic, indirect and direct owners and control persons, and p.o. boxes in the Cayman Islands .... [+]

Robert Frank Agostinelli and Michael Steven Langman founded Rhone Group in 1996. Both men are registered securities reps and principals, with Michael Steven Langman having been an investment banking rep since 2010 and just recently becoming an investment banking principal 11 months ago. Rhone Capital LLC is listed as the general partner of Rhone Group's private equity funds, and the SEC website lists 12 private funds and entities in its existence.

Dresner Partners is a Chicago-based FINRA-registered middle market investment bank with a few large transcontinental Fertility investment banking deals under its belt. In early 2017, it was announced that Dresner Partners, through Steven Mark Dresner and Paul Elliott Hoffman, sold Dr. Richard Scott's fertility empire, RMANJ to IVI in Spain. The approx. $400M deal created world Fertility leaders IVI-RMA and made the Chicago firm early to the Fertility investment banking space.

How many of WeWork / We Co.'s investors and potential investors know that We Co.'s NYC roomies Rhone Group are hot to trot as newly licensed investment banking principals? In the ultimate irony, Marsha Allison Steiner is the broker dealer's operations principal and chief compliance officer, and has disclosed ZERO outside business activities to FINRA.

"The company has taken advantage of the exemption from disclosing related party transactions with other companies that are wholly owned within the group."

 

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