News

Keraderm Completes Venture Financing

Boston, MA - November 16, 2009 - Capstone Partners LLC, a national investment banking firm, announced that its client, Keraderm Corp., has completed an early round of venture financing supported by NewVa Capital Partners, LP, an affiliated investment fund of Third Security, LLC.  The financing will help support continued development and ultimate commercialization of Keraderm’s proprietary UV-light-based treatment of onychomycosis, an invasive fungal infection of the nail and nail bed.  Capstone has served as Keraderm’s investment banking advisor to help support the Company’s strategic direction and explore various partnership and financing alternatives.  > MORE

Piccolo Education Systems Sells Division

Scottsdale, AZ - October 30, 2009 - Piccolo Educational Systems, Inc. (Other OTC: PEDU.PK), an online provider of postsecondary education services, today announced that it has completed the sale of its Piccolo International University (PIU) division, to FL-EX Holdings, Inc. Terms of the transaction were not disclosed.  > MORE

Capstone Partners Invited to Speak at Orthopedic Design & Technology Expo

Boston, MA - October 5, 2009 - Timothy Schmidt of Capstone Partners has been invited to speak at the Orthopedic Design & Technology Conference and Exhibition on October 8.  Tim’s presentation will discuss various transaction alternatives available to medical technology companies including raising capital, forming strategic alliances and mergers & acquisitions.   > MORE

iStor Networks Announces New Investments in the Company

Irvine, CA - September 16, 2009 - iStor Networks, Inc., a leader in high performance IP SAN storage solutions, announced that it had received the first tranche of a significant new investment that is intended to enable the company to expand its worldwide activities to develop opportunities for its high-performance storage controllers and its family of complete IP SAN storage solutions.  Capstone Partners has acted as strategic advisor to the company.  > MORE

Capstone Ventures Completes Co-Investment with Wincove Capital

Boston, MA - September 8, 2009 - Capstone Ventures, an investment affiliate of Capstone Partners LLC, a national investment banking advisory firm, announced today that it has co-invested in in Wincove Capital's acquisition of GI Plastek Wolfeboro LLC.  Capstone's minority investment signifies a move towards formalized merchant banking capabilities to complement the firm’s core M&A and private placement business.  Capstone Partners also served as the exclusive investment banking advisor to the shareholders of GI Plastek during the transaction.  > MORE

Capstone Partners Advises GI Plastek Wolfeboro LLC on its Sale to Wincove Capital

Boston, MA - August 31, 2009 - Capstone Partners LLC, a leading national investment banking firm, announced that it has successfully advised GI Plastek Wolfeboro, LLC on its recent acquisition by Wincove Capital, a lower middle market private equity firm.  The terms of this transaction were not disclosed. > MORE

Capstone Partners Releases the Q3 2009 Dashboard Report on Precision Metal Manufacturing (PPM) Industry

Boston, MA - August 31, 2009 - Capstone Partners LLC, a leading national investment banking firm, has released its Q3 2009 Dashboard Report on the Precision Metal Manufacturing (PMM) industry. The report discusses recent merger & acquisition activity, developing trends, and consolidation strategies utilized by some of the leading PMM companies.  Current economic conditions have hampered merger and acquisition activity in the PMM sector. Only 15 PMM transactions were announced in the first half of the year, well below the activity in the first half of 2008 (33 announcements) and the first half of 2007 (35 announcements).  Transactions involving suppliers to the medical and military-aerospace markets accounted for more than half of the announcements.  In a sign of the times, several of the announced transactions involved the sale of distressed companies, most of which serve the automotive or heavy equipment markets.  Despite the current difficult environment, Capstone expects industry consolidation to continue as larger players seek to enhance service offerings, expand their geographic footprint and add new customer relationships through the acquisition of niche service providers.  > MORE

Capstone Capital Markets Provides Advisory Services and Fairness Opinion to RAD Electronics

Boston, MA - July 28, 2009 - Capstone Capital Markets LLC, a wholly-owned subsidiary of Capstone Partners LLC, a national investment banking advisory firm, announced today that it has provided financial advisory services and a fairness opinion to the Board of Directors of RAD Electronics, Inc., a leading electronics manufacturing services company focused on military, aerospace, medical device and transportation markets, regarding the sale of certain assets of the Company to OSI Electronics, a wholly-owned subsidiary of OSI Systems, Inc., a publicly-traded electronics designer and manufacturer.  Terms of the transaction were not disclosed.  > MORE

Capstone Partners Promotes Sophea Chau to Associate

Boston, MA - July 1, 2009 - Capstone Partners LLC, a national investment banking firm dedicated to middle market transactions, today announced the promotion of Sophea Chau to Associate within the firm.  “Sophea has been one of the best additions to the Capstone team since its founding.  Her work ethic, production abilities, initiative and performance have consistently exceeded all expectations.  We are very excited to see Sophea grow and enhance her transactional skills and client leadership,” commented Jacob Voorhees, Capstone’s co-founder and Director in the firm. > MORE

Capstone Partners Releases the Latest Coverage Report on the Post Secondary Education Market

Boston, MA  - June 30, 2009 - Capstone Partners LLC, a leading national investment banking firm, released its latest Coverage Report on the Post Secondary Education (PSE) market.  This report discusses the impact that the recent credit crisis has had on the student lending environment and highlights some of the legislative efforts that seek to remedy these problems.  In addition, Capstone identifies key growth segments for the PSE market by pointing to the occupations that are expected to see the largest numerical increase in employment in the years ahead.  Finally, the report includes a detailed analysis of recent merger and acquisition activity in this sector, profiling notable recent PSE transactions and identifying the programs and degree types that are most sought after by acquirers.  > MORE

Capstone Partners Releases Medical Device Outsourcing Snapshot for Q1 2009

Boston, MA - May 20, 2009 - Capstone Partners LLC, a leading national investment banking firm, has released its initial Coverage Report on the Medical Device Outsourcing (MDO) industry. The MDO industry includes companies providing value-added manufacturing, materials processing, component manufacturing, and assembly services to medical device original equipment manufacturers (OEMs). The report discusses industry drivers, recent merger & acquisition activity and developing trends. Although current market conditions are hampering M&A activity among industry participants, Capstone expects to see continued consolidation within the highly fragmented industry. > MORE

Capstone Partners Releases 2Q09 Coverage Report on Advanced Manufacturing Services

Boston, MA  - May 5, 2009 - 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).   This report highlights the impact that the recent economic downturn has had on the overall AMS market but also shows that there are a number of factors that make this sector attractive from an investment perspective over the long-run.

Although not all AMS players are performing well in this environment, Capstone believes that there are many leading market participants that are weathering the storm by focusing on high margin services in rapidly growing end-markets.  Capstone expects that these companies will be the focus of continued M&A activity in this space, although there will also be significant bottom-feeding as cash-strapped players are picked up at deep discounts.  > MORE

Capstone Partners Hires Jeffrey Cameron as Managing Director

Boston, MA - May 1, 2009 - Capstone Partners LLC, a national investment banking firm dedicated to middle market transactions, has hired Jeffrey Cameron as Managing Director.  Bringing 20 years of investment banking experience to Capstone, Jeff is spearheading the Firm’s healthcare industry initiative and will focus on healthcare services, devices and information technology. > MORE

Capstone Partners Promotes Justin Ross and Scott Leach to Associate

Boston, MA - April 6, 2009 - Capstone Partners LLC, a national investment banking firm dedicated to middle market transactions, today announced the promotions of Justin Ross and Scott Leach to Associate within the firm.      > MORE

Capstone Partners Formalizes Corporate Restructuring Practice

Boston, MA - March 16, 2009 - Capstone Partners LLC, a leading national investment banking firm, announced that it has formally branded a corporate restructuring services (CRS) practice that will be focused on reorganizations and specialty M&A and financing transactions.  The restructuring practice is a natural extension for Capstone Partners given the firm’s successful history in assisting middle market shareholders through specialty situations.  The CRS practice, which will be spearheaded by Capstone’s Managing Partner, John Ferrara, will be deployed across the firm’s vertical industry coverage areas, including Business Services, Specialty Products and Technology Solutions.  > MORE

Capstone Partners Promotes Jacob Voorhees to Director

Boston, MA - March 1, 2009 - Capstone Partners LLC, a national investment banking advisory firm dedicated to middle market transactions, today announced the promotion of Jacob Voorhees to a Director of the firm.  Mr. Voorhees, a founding member of Capstone Partners in 2002, has developed industry expertise and transaction execution capabilities that are at the core of Capstone’s long term strategy and the firm’s commitment to provide its client’s with seasoned investment banking executive attention.  > MORE

Capstone Partners Releases Year End Dashboard on Precision Metal Manufacturing

Boston, MA - February 13, 2009 - Capstone Partners LLC, a leading national investment banking firm, has released its 2008 Year End Dashboard Report on the Precision Metal Manufacturing (PMM) industry. The report discusses emerging market trends and recent merger & acquisition activity in the PMM industry. Capstone’s analysis found that middle market PMM transaction activity followed trends in the broader M&A market and declined 23.9% in 2008. Despite the recent market downturn, Capstone expects to see continued consolidation within the highly fragmented industry and believes industry participants producing high-precision parts for attractive end markets, such as the medical and aerospace & defense industries, will remain desirable to acquirers.  > MORE

Capstone Partners Advises Pacific College in Acquisition by Quad Partners

Boston, MA - February 2, 2009 - Capstone Partners LLC, a leading national investment banking firm, announced that it has successfully advised Pacific College of Oriental Medicine on its recent acquisition by Quad Partners, a premier private equity group dedicated to the education industry.  For over 20 years, Pacific College has been a national leader in providing allied health doctorate, masters, bachelors, associates and certification programs with a focus on oriental medicine, acupuncture and message therapy.  Capstone served as the exclusive investment banking advisor to Pacific College during the transaction, terms of which were not disclosed. > MORE

Capstone Partners Advises Saman, Inc.

Boston, MA - January 12, 2009 - Capstone Partners, LLC, a leading national investment banking firm, announced that it has successfully advised Saman, Inc. on its partnership with Branford Castle, Inc. Saman, doing business as American Condenser and American Coil, manufactures and distributes aftermarket heat exchange equipment, including automotive air conditioning condensers and commercial and industrial coils.  > MORE

Capstone Partners for the Fifth Time Ranks as a Top Investment Bank

Boston, MA - January 1, 2009 - Capstone Partners LLC, a leading national investment banking firm focused on middle market M&A and financing transactions, was recognized as a top firm within the industry, both regionally and nationally, for the fifth consecutive year.  In an annual survey conducted by the Boston Business Journal, the most active investment banking firms in the country were ranked.  Capstone held its “Top 20” national and “Top 3” regional positions among the elite regional firms in terms of the number of transactions completed. > MORE