Angelo Liberatore is a Managing Director and lead strategist for the Credit Suisse Special Situations Desk. In this role, he generates proprietary market commentary and provides risk analysis and position management for the firm’s arbitrage/event-driven market making and trading activities. Angelo evaluates and predicts outcomes for announced/non- announced mergers, corporate restructurings (e.g., spin- outs, split offs, Dutch tenders) as well as hostile and activist M&A situations. Much of his time is dedicated to evaluating potential theories of competitive harm and regulatory risks that may arise in connection with announced transactions.
Primary analysis is conducted via teleconferences and meetings with company management teams, industry competitors, customers, suppliers, industry trade representatives, legal counsel and industry experts. Risk analysis includes: fundamentally and technically derived upside/downside analysis, implied vs. actual probability of close, estimating expected value and decision-tree outcomes, identification of deal milestones, assessment of systematic/unsystematic financing environment, evaluation of regulatory and political landscape, determining strengths/weaknesses of merger agreements and proxy statements and reviewing of corporate takeover defenses/management disposition.
Angelo has performed these responsibilities for over a decade. Prior to this, Angelo spent approximately ten years in equity research at JP Morgan, Goldman Sachs and Banc of America Securities covering telecom equipment and data networking companies. He was also an adjunct professor at Fordham University’s Gabelli School of Business for two semesters where he taught financial modeling as part of the core finance curriculum. Angelo graduated from Georgetown University with a finance major and theology minor. He resides in Westchester County with his wife and their three children.