News
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Capstone Partners Releases the Latest Quarterly Dashboard Covering M&A Activity in the Interconnect, Passive and Electromechanical Market
Boston, MA - November 14, 2008 - Capstone Partners LLC, a leading national investment banking firm, released its latest Interconnect, Passive and Electromechanical (IP&E) Dashboard Report for the third quarter of 2008. The report discusses the overall drivers of M&A activity and provides insight into select transactions involving manufactures and distributors of IP&E products. Although merger and acquisition volumes have declined recently, the activity is still strong by historical standards. In addition, several high profile transactions were closed in 2008 that reflect the aggressive acquisition intentions of both strategic and financial buyers in this market. Private equity players with IP&E platform investments and larger strategics looking for growth in niche segments will drive M&A activity in 2009. > MORE
Capstone Partners Advises Micro Design Services, LLC on the Sale of its Assets to SS&C Technologies, Inc.
Boston, MA - October 1, 2008 - Capstone Partners LLC, a leading national investment banking firm, announced that it has successfully advised Micro Design Services, LLC, the leader in the design and development of sophisticated software products for the world’s largest financial exchanges, on the sale of substantially all of its assets to SS&C Technologies, Inc., a global provider of financial services software and outsourcing solutions. > MORE
Capstone Partners Initiates Coverage of the
Precision Metal Manufacturing Industry
Boston, MA - September 30, 2008 - Capstone Partners LLC, a leading national investment banking firm, has released its initial research report on the Precision Metal Manufacturing (PMM) industry. The PMM industry is comprised of precision metal manufacturers (PMMs) providing value-added manufacturing services to produce finished metal components. These services include, but are not limited to, precision machining, grinding, laser cutting-marking-welding, electrical discharge machining, metal injection molding, stamping and surface treatment. The report discusses key growth drivers, recent merger & acquisition activity and emerging market trends in the PMM industry. Capstone expects to see continued consolidation within the highly fragmented industry with the most sought after acquisition targets being PMMs serving attractive end markets such as the medical, aerospace & defense, and energy industries. > MORE
Capstone Partners Advises Cypress in Conjunction with Growth Equity Financing
Boston, MA - Setpember 15, 2008 - Capstone Partners LLC, a national investment banking advisory firm, announced today that it has provided financial advisory services to Cypress Industries, a rapidly emerging business in the electronic manufacturing services (EMS) market, in conjunction with a growth equity financing. “The company’s broad service offering and focus on high growth market segments have positioned the company very nicely in today’s market,” said Capstone’s vice president John Gingrich. “As OEM’s continue to look for manufacturing partners with robust service offerings and a customer-centric model, Cypress will stand out from the pack.” Cypress will use the proceeds from this growth equity investment to hire additional resources, purchase cutting edge production equipment and support working capital requirements as the business grows. > MORE
Capstone Partners Releases the Latest Quarterly Dashboard Covering M&A Activity in the Auto Aftermarket Industry
Boston, MA - August 19, 2008 - Capstone Partners LLC, a leading national investment banking firm, released its latest Automotive Aftermarket Quarterly Dashboard for the second quarter of 2008. The report discusses M&A activity and select transactions in the automotive aftermarket industry. Despite the global downturn in merger and acquisition activity, the auto aftermarket industry continues to post strong volume. Year-over-year, the industry is at about the same level of activity with 59 transactions announced in the second quarter of 2008 compared to 60 in the second quarter of 2007. > MORE
Capstone Partners Releases Coverage Report on Advanced Manufacturing Services
Boston, MA - August 18, 2008 - Capstone Partners LLC, a leading national investment banking firm, released its latest coverage report on the Advanced Manufacturing Services (AMS) space. Capstone defines this market as the combination of two growing market segments: Electronics Manufacturing Services (EMS) and Original Design Manufacturers (ODM). The report discusses key growth drivers, recent market dynamics and M&A activity in the AMS market. Capstone expects to see continued M&A activity in this space, especially acquisitions of AMS players serving several fragmented and rapidly growing end-markets, including medical, military, aerospace and industrial. As OEMs in these lucrative end-markets become more comfortable with outsourced manufacturing, these AMS segments are expected to experience dramatic growth and profitability. As a result, these AMS players will likely draw the attention of strategic and financial acquirers interested in tapping into this market potential.
American Innovative Research Completes Early Venture Financing
Boston, MA - July 8, 2008 - Capstone Partners LLC, a national investment banking firm, announced that its client, American Innovative Research Corporation (AIR) has completed an early round of venture financing supported by a group of private investors. The financing will support the rapidly approaching commercialization of AIR’s flagship product, the I Con. The I Con, a revolutionary portable air purification unit for use in the home healthcare, commercial and residential applications, is expected to be introduced to the marketplace by the end of 2009. Capstone is presently serving as AIR’s investment banking advisor to help support the company’s direction and explore various strategic alternatives. > MORE
Timothy Schmidt Joins Capstone Partners as Vice President
Boston , MA - June 24, 2008 - Capstone Partners LLC, a leading national investment banking advisory firm, today announced that Timothy Schmidt has joined the firm as a Vice President. Tim is responsible for the business development and market intelligence efforts within the Specialty Products industry group. This latest hire reflects Capstone’s continuing efforts to secure talented and experienced professionals to support the firm’s aggressive expansion and rapid growth of its brand nationally. > MORE
Capstone Advises Homeserve on its Strategic Alliance with Leading Southeast Utility
Boston, MA - June 23, 2008 - Capstone Partners LLC, a leading national investment banking advisory firm, announced that it has advised Homeserve plc (LSE: HSV.L) on its recent strategic alliance with an undisclosed, leading investor-owned integrated energy company serving the southeast region of the United States. Capstone Partners served as the exclusive financial advisor to Homeserve on this transaction. > MORE
Capstone Partners Releases the Latest Coverage Report on the Post Secondary Education Market
Boston, MA - June 16, 2008 - Capstone Partners LLC, a leading national investment banking firm, released its latest Post-Secondary Education (PSE) coverage report for the second quarter of 2008. The report discusses the overall drivers of growth in the PSE market, key program areas that are likely to see increased demand, the current lending environment, and M&A activity in the PSE industry. Capstone believes that fundamental trends in the U.S. economy continue to support the long-term business case for investment in this market. Although the credit market turmoil has negatively affected student lending, government intervention has helped to ameliorate the impact of these issues. M&A activity has continued to be robust in this sector with over 60 transactions announced or closed in 2007 and over 30 transactions announced or closed in the first 5 months of 2008.
Capstone Partners Releases the Latest Quarterly Dashboard Covering M&A Activity in the Auto Aftermarket Industry
Boston, MA - May 21, 2008 - Capstone Partners LLC, a leading national investment banking firm, released its latest Automotive Aftermarket Quarterly Dashboard for the first quarter of 2008. The report discusses M&A activity and select transactions in the automotive aftermarket industry. Recent turmoil in the credit markets and sluggish economic activity have resulted in a sharp fall in world-wide transaction volume, which fell to its lowest level since the third quarter of 2005 and declined 24% on a year-over-year basis, according to Dealogic. Despite a significant drop in global merger and acquisition activity, 86 deals were completed in the auto aftermarket industry in the first quarter -- 9% more than the same period last year. > MORE
Capstone Partners Releases the Latest Market Snapshot Covering M&A Activity in the Pet & Animal Care Industry
Boston, MA - May 20, 2008 - Capstone Partners LLC, a leading national investment banking firm, released its latest Pet & Animal Care Market Snapshot. The report discusses M&A activity, public company valuations, select transactions, and market trends in the Pet & Animal Care industry. Merger and acquisition activity in the Pet & Animal Care industry has remained consistent with the pace observed last year. Capstone expects transaction activity in the Pet & Animal Care segment to continue at a similar pace in the foreseeable future, due to positive industry growth trends, an active strategic buyer universe, and the fragmented nature of the industry. > MORE
Sophea Chau Joins Capstone Partners LLC
Boston, MA - May 5, 2008 - Capstone Partners LLC, a leading national investment banking advisory firm, announced that Sophea Chau has joined the firm as an Analyst. Sophea will work closely with senior team members while executing a variety of corporate finance transactions and supporting business development initiatives within the Business Services group. “We are excited to have Sophea onboard as we continue to grow our industry coverage expertise. Her background in the services industry and professional commitment to the middle market will serve our clients well,” commented Mark Young, Head of Capstone’s Business Services Investment Banking Team.
New England Medical Care Institute Completes Refinancing
Boston, MA - April 28, 2008 - Capstone Partners LLC, a national investment banking firm, announced that its client, New England Medical Care Institute (NEMCARE) has completed a refinancing to support the company’s growth plans. The financing will support the company’s planned service expansion as well as its geographic extension. Capstone is presently serving as NEMCARE’s investment banking advisor to help support the company’s direction and explore various other strategic alternatives. > MORE
The AME Group has Acquired Certified I.T. Corporation and iTricity Freedom Data, Inc.
Boston, MA - March 31, 2008 - Capstone Partners LLC, a national investment banking firm, announced that its client, The AME Group, has acquired the assets of Certified I.T. and related technology, iTricity. The acquisition will provide The AME Group with expanded customer channels to augment its recurring managed services offerings. The purchase of Certified I.T. and iTricity also adds geographic coverage to enhance AME’s current client accounts and related service levels. Capstone has served as investment banking advisor to The AME Group since 2004. The terms of the transaction were not disclosed. > MORE
Capstone Partners Advises BISCO in Strategic Acquisition
Boston, MA - February 29, 2008 - Capstone Partners LLC, a national investment banking firm, announced that it has successfully advised Boston Irrigation Supply Company, Inc. (BISCO) on their recent acquisition of GPM Equipment, Inc. The acquisition allows BISCO to greatly expand the Company’s presence in the waste water and potable water markets with a broad range of engineered products. The purchase of GPM also adds key personnel to the BISCO executive team that can apply these new capabilities to customers’ specific needs. Capstone acted as the exclusive investment banking advisor to BISCO. The terms of the transaction were not disclosed. > MORE
Capstone Partners Releases the Latest Quarterly Dashboard Covering M&A Activity in the Auto Aftermarket Industry
Boston, MA - February 6, 2008 - Capstone Partners LLC, a leading national investment banking firm, released its latest Automotive Aftermarket Quarterly Dashboard for the fourth quarter of 2007. The report discusses M&A activity, public company valuations, and select transactions in the automotive aftermarket industry. While fourth quarter deal activity fell on a year-over-year basis, volume was significant by historical standards with 61 total transactions. Capstone expects M&A activity to continue at a healthy, but slightly reduced pace in 2008. > MORE
Capstone Partners Initiates Coverage of the Pet and Animal Care Industry
Boston, MA - February 1, 2008 - Capstone Partners LLC, a leading national investment banking advisory firm dedicated to serving the needs of middle-market businesses, has launched the Q1 2008 Pet & Animal Care Market Snapshot. The report reviews industry trends, merger & acquisition activity, and public company valuations.
Pet and animal care is among the fastest growing consumer products categories. Industry growth is being driven by a variety of macroeconomic factors such as an aging U.S. population, younger couples starting families later in life and the increasing humanization of pets. These positive growth dynamics and the fragmented nature of the industry will result in continued robust M&A activity in several key industry segments, including animal health pharmaceuticals and technology, veterinary product distribution, and natural and organic pet food. > MORE
Capstone Partners Ranks as a Top Investment Bank for the Fourth Consecutive Year
Boston, MA - January 15, 2008 - Capstone Partners LLC, a leading national investment banking firm focused on middle market M&A and financing transactions, earned leadership rankings on both a regional and national basis for the fourth consecutive year. In a survey conducted by the Boston Business Journal, which ranked the most active investment banking firms in the country, Capstone held its “Top 20” national positioning at 16th while also rising in the “Top 3” category to first among the elite regional firms in terms of the number of transactions completed. > MORE
Capstone Partners Advises Veroxity Partners on its Recapitalization with Banc of America Capital Investors
Boston, MA - January 4, 2008 - Capstone Partners LLC, a leading national investment banking firm, announced that it has successfully advised Veroxity Technology Partners BT (“Veroxity”) on its recapitalization with Banc of America Capital Investors (“BACI”), through the creation of Veroxity Holdings, Inc. > MORE
Matt Rudnick Joins Capstone Partners' Senior Ranks
Boston, MA - January 2, 2008 - Capstone Partners LLC, a leading national investment banking advisory firm, today announced that Matt Rudnick has joined the firm as Vice President. Matt is responsible for the business development and market intelligence efforts within the Technology & Media industry group. This latest hire marks Capstone’s continued efforts to secure talented and experienced professionals to support the firm’s aggressive expansion and rapid growth of its brand nationally. > MORE