WorkGenius acquires US based JBC, a staffing company
Work Genius, New York
June 8, 2022
From the article:
‘WorkGenius, a freelance technology company has acquired US based JBC, a staffing company, in a landmark deal that together, will aim to transform the freelance staffing industry through a combination of proven operations, great people along with innovative cutting edge technology.
The combined company will be close to $100m in revenue, with EBITDA in the high teens and more than 250 employees. The company grows north of 50% YoY, driven by a tenured team, unique technology product, strong trends of digitalization in the human capital space, and a shift to flexible workforce models…
…Chad Leat, former Vice Chair of CitiGroup, joins existing equity investors including John Jahr and Axel Sven Springer. Investcorp BDC and CION Invest Corp provide the debt facility and also invested in the equity…’
Mickey Drexler Leaves J. Crew
Chain Store Age (The Business of Retail)
Marianne Wilson, January 17, 2019
From the article:
‘…J.Crew Group announced that Millard “Mickey” Drexler, chairman and former CEO of the company, has retired to devote his time to the development of Drexler Ventures LLC, which invests in and advises emerging brands, including Outdoor Voices and Warby Parker. He will be succeeded as J. Crew chairman by Chad Leat, effective immediately.
Leat, who has served as a director of J.Crew since January 2017, is a retired vice chairman of Global Banking at Citigroup with nearly 30 years of markets and banking experience. […]
[…] In a statement, new chairman Leat said that his priorities will be to ensure that the J.Crew brand “moves quickly to capitalize on recent momentum and to support Madewell’s growth towards becoming a one billion dollar brand, while also working with the board to identify strong, permanent leadership to guide the company in its next chapter.” […] ‘
Chad Leat Receives Award of Merit
Delta Upsilon
Sloan-Kettering Award of Merit in Business
2019 Leadership Institute
From the article:
‘Delta Upsilon’s Awards of Merit are presented to esteemed members and friends of the Fraternity who have exhibited a devotion to Delta Upsilon, as well as excellence or notoriety within their profession. The awards get their name from the Fraternity’s historical tie to our Founders’ description: “the only superiority that we acknowledge is the superiority of merit.” Awards are then named for outstanding DU alumni in that particular field.‘
‘During the 2019 Leadership Institute, Brother Chad Leat, Kansas ’78, was honored with the Sloan-Kettering Award of Merit in Business. This award is named after Alfred P. Sloan, Technology 1895, and Charles Kettering, Ohio State 1904, who were philanthropists and long-time executives with General Motors.[…]‘
Designer Alvise Orsini Crafts a Stunning Art-Filled Penthouse in Paris
Galerie
by Ian Phillips; Photography by Dylan Thomas
August 23, 2018
From the article:
‘”Everyone I meet in Paris has a story about this apartment,” rejoices its American owner, Chad Leat, a retired Wall Street executive. Some claim the French writer Françoise Sagan used it as the setting for a chapter in one of her novels. Others refer to a movie in which actress Catherine Deneuve’s character looks up at the top-floor residence and asks her lover, “Mais qui habite là?” (“But who lives there?”)’…
‘…Leat acquired the two-bedroom flat from a friend who had renovated it twice with esteemed architect and designer Joseph Dirand, who employed an aesthetic that was too austere for the new American owner’s taste. “I didn’t want to mess with the layout or architecture, because it’s perfection in my view,” says Leat. “But I found the stark decor a little dated.” So he enlisted Orsini—whom he’d met through the designer’s husband, the Belgian-born fashion executive Geoffroy van Raemdonck—to make the apartment “warmer and with more Parisian flair,” as Leat puts it. […] ‘
BLOOMBERG: WALL STREETERS IN THE HAMPTONS TURN OUT FOR LEAT AT PARRISH GALA
by Amanda L. Gordon
July 16, 2018
published in Bloomberg
From the article:
‘Chad Leat’s Wall Street friends followed him to the Parrish Art Museum Saturday night to see him honored by CNN’s Don Lemon.
Photographer: Amanda Gordon/Bloomberg
Among the guests at the Midsummer Party benefiting the Herzog & de Meuron-designed museum in Watermill, New York, were Michael Carr, co-head of M&A at Goldman Sachs; a sunburnt Tom Maheras (“I was on a boat all day”) of Tegean Capital; and Jim Zelter, co-president of Apollo Global Management. The event raised about $1.3 million.
“Chad was our leveraged-finance maven,” Zelter said, adding they’d worked together for years at Salomon Smith Barney and Citigroup. “He’s on a couple of my boards.”’…
Kansas graduate gives $1 million for LGBTQ students
AP News
March 3, 2018
From the article:
‘The University of Kansas will use a $1 million gift to provide scholarships to LGBTQ students. The university announced Thursday that 60-year-old Chad Leat donated the gift this week to his alma mater. Leat, of New York City, is retired vice chairman of global banking at Citigroup.’
KU alumnus announces $1 million scholarship gift to support LGBTQ students
The University of Kansas, KU Endowment
March 1, 2018
From the article:
‘Chad Leat, of New York, N.Y., retired vice chairman of global banking at Citigroup and University of Kansas graduate, announced a $1 million scholarship gift commitment in support of LGBTQ students at KU during a visit this week to his alma mater.‘
‘“Being able to provide opportunities to diverse students, and LGBT students in particular, means so much to me,” Leat said. “This gift will establish this scholarship as a much larger and more meaningful investment in the LGBT community here at KU for a long time.” […] ‘
Tony Ingrao and Randy Kemper Design a Modern and Minimal New York Apartment
Architectural Digest
by Dan Shaw; photography by Nikolas Koenig
March 9, 2017
From the article:
‘When Chad Leat was considering whether to buy a full-floor apartment in one of architect Richard Meier’s sleek glass towers in Manhattan’s West Village, he was excited and terrified in equal measure. “The great attraction was the Hudson River view and the fact that it was raw space, so we could create something from scratch,” says Leat, an investment banker and philanthropic fundraiser. But it was also counterintuitive for a lover of contemporary art to acquire a home without walls for hanging his collection—so he consulted with architect Preston T. Phillips before making a bid, to see what might be done. “I asked Preston, ‘Is it possible to find a way not to mess with the apartment and yet still show my art?’” Leat recalls. “I wanted to keep it open and loftlike, because I am more of a casual kind of guy.” ‘
Apollo taps veteran Citi banker Leat as consultant -sources
Reuters
by Greg Roumeliotis
April 24, 2014
From the article:
‘Chad Leat, a retired Citigroup Inc executive who helped finance some of the world’s largest leveraged buyouts, is now working as a consultant for former client Apollo Global Management LLC, people familiar with the matter said.
Leat’s new role underscores the appeal of alternative asset managers, such as Apollo, to current and former investment bankers as regulators scrutinize or crack down on many of the activities of Wall Street banks.…
…During Leat’s tenure, Citigroup underwrote loans for mega-deals such as KKR & Co LP’s $26 billion acquisition of payments processing company First Data Corp. It also was involved in the $45 billion takeover by KKR, TPG Capital LP and Goldman Sachs Group Inc’s private equity arm of the now near-bankrupt Texas power company Energy Future Holdings.…
…Apollo is likely to tap Leat’s fixed income as well as leveraged buyout expertise. The New York-based firm had about $161 billion of assets under management as of the end of December, of which $49.9 billion was in private equity and $100.9 billion in credit.’