On Monday, Memphis-based investment bank Morgan Keegan & Co.
acquired Boston investment banking boutique Revolution Partners LLC, which specializes in mergers and acquisitions and private capital-raising services to middle-market technology companies.
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Joining Morgan Keegan's investment banking group are: Revolution co-founders Peter
Falvey and David Lavallee, who will continue to oversee the business;
seven managing directors in Boston, San Francisco and Los Angeles; and
more than 30 investment banking professionals.
San Francisco Business Times said
the deal is a sign
of things to come as investment banks focused on the Bay Area's
technology sector are likely to look for merger partners with deeper
pockets to weather the deep freeze in the capital markets.
Falvey said
in a statement that "there are tremendous synergies between our
advisory practice and the public equity execution resources of Morgan
Keegan and [its parent] Regions Financial [Corp.] We now will be able
to provide full services to both public and private companies."
Some notable deals on
Revolution Partners' tombstone list
include Xerox Corp.'s $174 million deal for privately held Amici LLC in
2006, Iron Mountain Inc.'s $158 million acquisition of Stratify Inc.
last year and Belden Inc.'s acquisition of Trapeze Networks, a technology
leader in wireless LAN equipment and network management software, for
about $133 million in July. -
Baz Hiralal
