APRIL 15, 2013 THE LIST InveSTmenT bankS nexT week
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Rank Investment Bank ¥ name ¥ address ¥ website L.A. County Employees ¥ licensed bankers ¥ total Deal Volume ¥ 2012 $ volume (in millions) ¥ 2012 # of deals Services Offered (partial list) Industry Focus (partial list) Profile ¥ headquarters ¥ offices (L.A./ total) Top Local Executive ¥ name ¥ title ¥ phone 1 Houlihan Lokey 10250 Constellation Blvd., Fifth Floor Los Angeles 90067 hl.com 110 243 WND WND M&A, fairness opinions, solvency opinions, private debt and equity placements, due diligence, restructuring aerospace, business services, consumer, energy, financial, health care Los Angeles 1/16 Scott Adelson Senior Managing Director (310) 553-8871 2 Moelis & Co. LLC 1999 Avenue of the Stars, Suite 1900 Los Angeles 90067 moelis.com 49 1 WND WND WND M&A, restructuring, risk advisory consumer, financial, industrials, health care, natural resources, real estate, gaming, leisure New York 1/14 Kenneth D. Moelis CEO (310) 443-2300 3 Imperial Capital LLC 2000 Avenue of the Stars, Ninth Floor South, Los Angeles 90067 imperialcapital.com 32 79 WND WND M&A, fairness opinions, solvency opinions, restructuring aerospace, business services, energy, consumer, financial, industrials Los Angeles 2/10 Randall Wooster CEO (310) 246-3700 4 Duff & Phelps 10100 Santa Monica Blvd., Suite 1100 Los Angeles 90067 duffandphelps.com 29 73 12,600 32 M&A, fairness opinions, solvency opinions, private debt and equity placements, due diligence, restructuring aerospace and defense, industrials, consumer, retail, energy, entertainment New York 2/31 Sheryl Cefali Managing Director (424) 249-1650 5 B. Riley & Co. LLC 11100 Santa Monica Blvd., Suite 800 Los Angeles 90025 brileyco.com 21 47 WND 30 M&A, fairness opinions, solvency opinions, private debt and equity placements, due diligence, IPO underwriting technology, media, restaurants, retail, consumer, business services, aerospace Los Angeles 1/6 John Ahn President, Head of Investment Banking (310) 966-1444 6 Cappello Capital Corp. 100 Wilshire Blvd., Suite 1200 Santa Monica 90401 cappellocorp.com 21 39 5,060 28 M&A, fairness opinions, solvency opinions, private debt and equity placements, due diligence, restructuring business services, consumer, energy, financial, health care, industrials Santa Monica 1/10 Alexander L. Cappello Chairman, CEO (310) 393-6632 7 Intrepid Investment Bankers LLC 11755 Wilshire Blvd., Suite 2200 Los Angeles 90025 intrepidib.com 17 26 WND 10 M&A, fairness opinions, solvency opinions, private debt and equity placements, due diligence, restructuring business services, consumer products, financial institutions, food, health care Los Angeles 1/1 W. Michael Rosenberg CEO (310) 478-9000 8 New Century Capital Partners Inc. 1510 11th St., Suite 207 Santa Monica 90401 newcenturycap.com 17 25 600 9 M&A, fairness opinions, private debt and equity placements, due diligence, restructuring, IPO underwriting technology, financial health care, business services Santa Monica 1/4 Mark Salter CEO, Managing Partner (310) 451-9037 1 Information from FINRA filings. N/A - Not Applicable Note: The information on this list was provided by representatives of the companies themselves. Investment banks are ranked by the number of FINRA- licensede bankers and the number of employees in L.A. County offices, respectively. To the best of our knowledge, this information is accurate as of press time. While every effort is made to ensure the accuracy and thoroughness of the list, omissions and typographical errors sometimes occur. Please send corrections or additions on company letterhead to the Research Department, Los Angeles Business Journal, 5700 Wilshire Blvd., Suite 170, Los Angeles 90036. ©2013 Los Angeles Business Journal. This list may not be reprinted in whole or in part without prior written permission from the editor. Reprints are available from the YGS Group, (800) 290-5460 ext. 100. Researched by David Nusbaum THE PACESETTER: Houlihan Lokey is the largest investment bank operating in Los Angeles County. The L.A. firm has 110 Finra-licensed investment bankers working in its Century City office. The company provides services for mergers and acquisitions, capital markets, valuation and financial restructuring. In January, Houlihan Lokey acquired Milestone Advisors, an independent investment banking firm serving the financial services industry. The acquisition expanded the company’s presence in Southern California and gave it an office in Newport Beach. 1 THE LIST Ranked by number of Finra-licensed investment bankers in L.A. County INVESTMENT BANKS ACQUISITION: B. Riley & Co. acquired brokerage Caris & Co. last year and was also one of only six investment banks nationwide to act as the sole underwriter in a $100 million public stock offering. NEXT WEEK The Largest Biotech/Biomed Firms in L.A. County 5 • • APRIL 15, 2013 LOS ANGELES BUSINESS JOURNAL 21 Please see page 22
Transcript of APRIL 15, 2013 THE LIST InveSTmenT bankS nexT week
Rank Investment Bank¥ name
¥ address
¥ website
L.A. CountyEmployees¥ licensed
bankers
¥ total
Deal Volume¥ 2012 $ volume
(in millions)
¥ 2012 # of deals
Services Offered(partial list)
Industry Focus(partial list)
Profile¥ headquarters
¥ offices (L.A./
total)
Top Local Executive¥ name
¥ title
¥ phone
1Houlihan Lokey10250 Constellation Blvd., Fifth FloorLos Angeles 90067hl.com
110243
WNDWND
M&A, fairness opinions,solvency opinions, private debtand equity placements, duediligence, restructuring
aerospace, businessservices, consumer,energy, financial,health care
Los Angeles1/16
Scott AdelsonSenior ManagingDirector(310) 553-8871
2Moelis & Co. LLC1999 Avenue of the Stars, Suite 1900Los Angeles 90067moelis.com
491
WNDWNDWND
M&A, restructuring, riskadvisory
consumer, financial,industrials, health care,natural resources, realestate, gaming, leisure
New York1/14
Kenneth D. MoelisCEO(310) 443-2300
3Imperial Capital LLC2000 Avenue of the Stars, Ninth FloorSouth, Los Angeles 90067imperialcapital.com
3279
WNDWND
M&A, fairness opinions,solvency opinions, restructuring
aerospace, businessservices, energy,consumer, financial,industrials
Los Angeles2/10
Randall WoosterCEO(310) 246-3700
4Duff & Phelps10100 Santa Monica Blvd., Suite 1100Los Angeles 90067duffandphelps.com
2973
12,60032
M&A, fairness opinions,solvency opinions, private debtand equity placements, duediligence, restructuring
aerospace anddefense, industrials,consumer, retail,energy, entertainment
New York2/31
Sheryl CefaliManaging Director(424) 249-1650
5B. Riley & Co. LLC11100 Santa Monica Blvd., Suite 800Los Angeles 90025brileyco.com
2147
WND30
M&A, fairness opinions,solvency opinions, private debtand equity placements, duediligence, IPO underwriting
technology, media,restaurants, retail,consumer, businessservices, aerospace
Los Angeles1/6
John AhnPresident, Head ofInvestment Banking(310) 966-1444
6Cappello Capital Corp.100 Wilshire Blvd., Suite 1200Santa Monica 90401cappellocorp.com
2139
5,06028
M&A, fairness opinions,solvency opinions, private debtand equity placements, duediligence, restructuring
business services,consumer, energy,financial, health care,industrials
SantaMonica1/10
Alexander L. CappelloChairman, CEO(310) 393-6632
7Intrepid Investment Bankers LLC11755 Wilshire Blvd., Suite 2200Los Angeles 90025intrepidib.com
1726
WND10
M&A, fairness opinions,solvency opinions, private debtand equity placements, duediligence, restructuring
business services,consumer products,financial institutions,food, health care
Los Angeles1/1
W. Michael RosenbergCEO(310) 478-9000
8New Century Capital Partners Inc.1510 11th St., Suite 207Santa Monica 90401newcenturycap.com
1725
6009
M&A, fairness opinions, privatedebt and equity placements,due diligence, restructuring,IPO underwriting
technology, financialhealth care, businessservices
SantaMonica1/4
Mark SalterCEO, Managing Partner(310) 451-9037
1 Information from FINRA filings.N/A - Not Applicable Note: The information on this list was provided by representatives ofthe companies themselves. Investment banks are ranked by the number of FINRA-licensede bankers and the number of employees in L.A. County offices, respectively. Tothe best of our knowledge, this information is accurate as of press time. While every effortis made to ensure the accuracy and thoroughness of the list, omissions and typographical
errors sometimes occur. Please send corrections or additions on company letterhead tothe Research Department, Los Angeles Business Journal, 5700 Wilshire Blvd., Suite 170,Los Angeles 90036. ©2013 Los Angeles Business Journal. This list may not be reprintedin whole or in part without prior written permission from the editor. Reprints are availablefrom the YGS Group, (800) 290-5460 ext. 100.
Researched by David Nusbaum
THE PACESETTER: Houlihan Lokey is the largest investment bank operating in Los Angeles County. The L.A. firm has 110 Finra-licensed investment bankers working in its Century City office. The company provides services for mergers and acquisitions, capital markets, valuation and financial restructuring. In January, Houlihan Lokey acquired Milestone Advisors, an independent investment banking firm serving the financial services industry. The acquisition expanded the company’s presence in Southern California and gave it an office in Newport Beach.
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THE LIST Ranked by number of Finra-licensed investment bankers in L.A. County
InveSTmenT bankS
ACQUISITION: B. Riley & Co. acquired brokerage Caris & Co. last year and was also one of only six investment banks nationwide to act as the sole underwriter in a $100 million public stock offering.
nexT weekThe Largest Biotech/Biomed Firms in L.A. County
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APRIL 15, 2013 LOS ANGELES BUSINESS JOURNAL 21
Please see page 22
Rank Investment Bank¥ name
¥ address
¥ website
L.A. CountyEmployees¥ licensed
bankers
¥ total
Deal Volume¥ 2012 $ volume
(in millions)
¥ 2012 # of deals
Services Offered(partial list)
Industry Focus(partial list)
Profile¥ headquarters
¥ offices (L.A./
total)
Top Local Executive¥ name
¥ title
¥ phone
9Salem Partners11111 Santa Monica Blvd., Suite 1070Los Angeles 90025salempartners.com
1520
WNDWND
M&A, fairness opinions,solvency opinions, private debtand equity placements, duediligence
aerospace anddefense, life sciences,media andentertainment
Los Angeles1/2
Trevor BohnManaging Director(310) 806-4200
10Diamond Capital Advisors1875 Century Park East, Suite 1220Los Angeles 90067diamondcapitalpartners.com
1419
50035
M&A, private debt and equityplacements, PIPE financing,consulting for exit strategies,preparation for financing
manufacturing,business services,media, health care,technology
Los Angeles1/1
David J. HermanManaging Partner(310) 432-8575
11Montgomery & Co. LLC100 Wilshire Blvd., Suite 400Santa Monica 90401monty.com
1223
815
M&A, private debt and equityplacements
media, Internet andtechnology
SantaMonica1/2
Michael MontgomeryPartner(310) 260-6006
12De La Rosa & Co.10866 Wilshire Blvd., Suite 1650Los Angeles 90024ejdelarosa.com
1134
WNDWND
private debt and equityplacements
public entities Los Angeles1/3
Edward De La RosaPresident(310) 207-1975
13Growthink Securities6033 W. Century Blvd., Suite 150Los Angeles 90045growthink.com
1111
WNDWND
M&A, private debt and equityplacements, due diligence,restructuring
technology, retail Los Angeles1/3
James Turo/DavidLavinsky/Jeff JonesManaging Directors(800) 506-5728
14Sage Group LLC11111 Santa Monica Blvd., Suite 2200Los Angeles 90025sagellc.com
111
WNDWNDWND
M&A consumer and retail Los Angeles1/1
Mark VidergauzCEO(310) 478-6619
15Wells Fargo333 S. Grand Ave.Los Angeles 90071wellsfargo.com
101,272
WNDWND
M&A N/A SanFrancisco337/WND
Joe DeFurExec. V.P., Sr. ManagingDirector(800) 869-3557
16FocalPoint Partners LLC11150 Santa Monica Blvd., Suite 1550Los Angeles 90025focalpointllc.com
1025
WNDWND
M&A, private debt and equityplacements, restructuring
consumer, businessservices, technology,health care, industrials
Los Angeles1/2
Duane Stullich/Nishen RadiaManaging Directors(310) 405-7000
17Redwood Capital Group1100 Glendon Ave., Suite 905Los Angeles 90024redcapgroup.com
1015
WND12
M&A, fairness opinions,solvency opinions, private debtand equity placements,restructuring
technology, media andtelecommunications,business services
New York1/6
Matthew JohnsonManaging Partner(310) 696-4001
18Trinity Capital11755 Wilshire Blvd., Suite 2450Los Angeles 90025trinitycapitalllc.com
914
80010
M&A, fairness opinions,solvency opinions, private debtand equity placements, duediligence, restructuring
restaurant, foodprocessing andalternative energy
Los Angeles1/1
Kevin T. BurkeManaging Director(310) 268-8330
19Siemer & Associates1333 Second St., Suite 600Santa Monica 90401siemer.com
817
WNDWND
M&A, private debt and equityplacements, due diligence,restructuring, capital raising
digital media, Internetand software
SantaMonica1/4
David SiemerManaging Director(310) 861-2100
20Spartan Group LLC39 E. Union St.Pasadena 91103spartantsg.com
815
80014
M&A, fairness opinions, privatedebt and equity placements,PIPE financing
food and beverage,retail and brandedconsumer products,consumer finance
Pasadena1/3
John JohnsonManaging Director(626) 204-6376
21Generation Equity Advisors LLC8560 W. Sunset Blvd., Suite 400West Hollywood 90069generationequityadvisors.com
812
3756
M&A software, IT services,Internet and digitalmedia
Los Angeles1/1
Aaron T. SolganickCEO(424) 249-9223
22Lincoln International633 W. Fifth St., Suite 6650Los Angeles 90071lincolninternational.com
79
WND8
M&A, fairness opinions, privatedebt and equity placements,restructuring, valuations
aerospace anddefense, automotive,infrastructure,business services
Chicago1/14
Chris PetrossianManaging Director(213) 283-3700
23McColl Partners2029 Century Park East, Suite 2070Los Angeles 90067mccollpartners.com
78
4705
M&A, fairness opinions, privatedebt and equity placements,ESOP corporate finance
business services,consumer, financial,health care, industrialservices, infrastructure
Charlotte,N.C.1/4
Tracy AlbertManaging Director,Partner(310) 651-2410
24Greif & Co.633 W. Fifth St., 65th FloorLos Angeles 90071greifco.com
61
WNDWNDWND
M&A, fairness opinions, privatedebt and equity placements
manufacturing,consumer products,distribution,technology, media
Los Angeles1/1
Lloyd GreifCEO, President(213) 346-9255
25William and Henry Associates1901 Avenue of the Stars, Second FloorLos Angeles 90067williamhenryassociates.com
512
WND4
M&A, fairness opinions, privatedebt and equity placements,strategic and financial advisory
manufacturing,distribution, consumerproducts, businessservices, food
Los Angeles1/2
David J. IanniniPresident(310) 461-1355
1 Information from FINRA filings.N/A - Not Applicable Note: The information on this list was provided by representatives ofthe companies themselves. Investment banks are ranked by the number of FINRA-licensede bankers and the number of employees in L.A. County offices, respectively. Tothe best of our knowledge, this information is accurate as of press time. While every effortis made to ensure the accuracy and thoroughness of the list, omissions and typographical
errors sometimes occur. Please send corrections or additions on company letterhead tothe Research Department, Los Angeles Business Journal, 5700 Wilshire Blvd., Suite 170,Los Angeles 90036. ©2013 Los Angeles Business Journal. This list may not be reprintedin whole or in part without prior written permission from the editor. Reprints are availablefrom the YGS Group, (800) 290-5460 ext. 100.
Researched by David Nusbaum
Continued from page 21
Source: Bloomberg News
Source: Bloomberg News
Source: California Association of Realtors
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‘08 ‘09 ‘10 ‘11 ’12
1.0
1.3
1.6
1.9
2.2
2.50
200
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The MixWorldwide M&A transactions by industry. Space Fillers
Third quarter vacancy rates for office propertied by market segment.
in billions
’07 ’08 ’09 ’10 ’11
$600
480
360
240
120
0
Consumer 26%Financial 18Energy 15Communications 12Industrial 11Misc. 18
Investment Banks Charts/silkin1st
The MixWorldwide M&A transactions by industry.26% 18 15 12 11 18Consumer Financial Energy Communications Industrial Misc.
Big MoneyDollar totals of worldwide M&A deals by year. (in trillions)$2.14 1.6 2.13 2.42 2.232008 2009 2010 2011 2012
Source: Bloomberg News
Insurance Charts
Climbing Up Nationwide premiums earned by the property/casualty insurance sector. (in billions) $348 388 413 418 436 439 438 422 420 433 335* 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Property Income Property/casualty insurance industry net income after taxes. (in billions) $3 29.9 36 43 63.7 61.9 3 28.7 34.7 -19.2 27* 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Results for the first three quarters through Sept. 30, 2012. Source: Insurance Information Institute
Big MoneyDollar totals of worldwide M&A deals by year. (in trillions)
’08 ’09 ’10 ’11 ’12
$2.5
2.2
1.9
1.6
1.3
1.0
22 LOS ANGELES BUSINESS JOURNAL the list APRIL 15, 2013
PRIVATE: William and Henry Associates only represents private business owners in order to avoid potential conflicts of interests sometimes incurred by firms that also represent private-equity firms.
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Source: Bloomberg News
Source: Bloomberg News
Source: California Association of Realtors
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1.0
1.3
1.6
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2.2
2.50
200
400
600
800
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The MixWorldwide M&A transactions by industry. Space Fillers
Third quarter vacancy rates for office propertied by market segment.
in billions
’07 ’08 ’09 ’10 ’11
$600
480
360
240
120
0
Consumer 26%Financial 18Energy 15Communications 12Industrial 11Misc. 18
Investment Banks Charts/silkin1st
The MixWorldwide M&A transactions by industry.26% 18 15 12 11 18Consumer Financial Energy Communications Industrial Misc.
Big MoneyDollar totals of worldwide M&A deals by year. (in trillions)$2.14 1.6 2.13 2.42 2.232008 2009 2010 2011 2012
Source: Bloomberg News
Insurance Charts
Climbing Up Nationwide premiums earned by the property/casualty insurance sector. (in billions) $348 388 413 418 436 439 438 422 420 433 335* 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Property Income Property/casualty insurance industry net income after taxes. (in billions) $3 29.9 36 43 63.7 61.9 3 28.7 34.7 -19.2 27* 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Results for the first three quarters through Sept. 30, 2012. Source: Insurance Information Institute
Big MoneyDollar totals of worldwide M&A deals by year. (in trillions)
’08 ’09 ’10 ’11 ’12
$2.5
2.2
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