Revere Capital Launches Merchant Banking Unit

Dec 12 2013 | 10:12am ET

New York- and London-based Revere Capital Advisors, the boutique financial services firm, is going into the merchant banking business.

Newly established Revere Merchant Capital will be led by executive vice chairman Albert G. Pastino, responsible for the strategic direction of RMC; president Colby W. Collier, responsible for the overall operation of the firm; and managing director William H. Haemmerle, responsible for M&A advisory, capital formation and all other investment banking services.

All three have been recruited externally and bring with them experience in private equity, investment banking, commercial banking, consulting and operating experience at firms including CIT Equity Investments, Deloitte & Touche, Fortis Private Capital, Kohlberg & Company, Laud Collier & Co., and WestLB Panmure.

RMC will lead and co-invest in equity and debt financings in connection with change of control, acquisition and expansion capital transactions. The offering will also provide traditional investment banking services such as sell-side advisory, capital formation, transaction support, valuations, fairness opinions and general business advisory.  The complementary elements of private equity and investment banking will position the firm to partner with business owners, portfolio companies and investors to provide value based on the specific needs of each individual situation.

The RMC team will focus on building long-term relationships with companies operating in the U.S. lower and middle markets, but will opportunistically pursue activities in the Americas and Europe too where Revere’s global relationships can be leveraged.

Said Daniel J. Barnett, president and CEO of Revere and chairman of RMC, in a statement: “We are pleased to welcome Al, Colby and Bill to Revere to lead our merchant banking activities, which is an important, natural component of Revere’s continuing growth. In addition to leveraging the resources and global reach of Revere, this logical step allows us to deploy our capital and that of our owners and clients, providing wider opportunities for those clients.”

RMC has offices in New York and Short Hills, New Jersey.



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