Piper Jaffray Expands Consumer Investment Banking with Addition of Healthy, Active & Sustainable Living Group
December 09 2013 - 10:07AM
Business Wire
Piper Jaffray (NYSE: PJC), a leading investment bank and asset
management firm, today announced the hiring of a seasoned
investment banking team to further strengthen its consumer
investment banking franchise.
Led by Janica Lane and Brian Smith, the team of San
Francisco-based bankers will join the firm from Partnership Capital
Growth (“PCG”), a boutique investment bank focused on consumer
product and service businesses in the areas of healthy, active and
sustainable living. The group counts among its past clients
best-in-class brands like Anytime Fitness, KIND Healthy Snacks,
Muscle Milk, Drybar and BluePrint Juice, among others.
The group is expected to join Piper Jaffray on December 31, 2013
and will be based in the firm’s San Francisco office. Brent
Knudsen, founding partner of PCG, will continue to manage
Partnership Capital Growth Investors, the firm’s private equity
business with nearly $200 million in capital under management, and
will provide ongoing consulting services to the Piper Jaffray
consumer investment banking team. Chris Spahr, PCG’s partner in
Chicago will also assist in transitioning certain client
relationships.
The new healthy, active and sustainable living group will
further enhance Piper Jaffray’s leadership position in consumer
investment banking and strengthen the firm’s expertise in some of
the most dynamic, on-trend sectors in the consumer industry. With
the addition of the PCG team, Piper Jaffray will have more than 35
consumer investment bankers in San Francisco, Minneapolis, New York
and London.
“We have long admired the PCG banking franchise. We are thrilled
to have these talented bankers join the Piper team and allow us to
collectively grow our business and better serve our clients,” said
Scott LaRue, Piper Jaffray co-head of investment banking and
capital markets.
“The healthy, active and sustainable living group is very
additive to Piper's platform,” added Michael Hoffman, head of Piper
Jaffray consumer investment banking. “Some of the most innovative,
fastest-growing companies are in this space. Our new PCG partners'
expertise and Piper's expanded banking capabilities will be a
winning combination for our clients in achieving their long-term
potential.”
“We are thrilled to have found a partner in Piper Jaffray that
shares our values, culture and passion for providing outstanding
banking and advisory services to our clients,” said Brent Knudsen.
Brian Smith and Janica Lane added, “This unique partnership will
enable our team to thrive and have access to more resources to
better serve our core clients. We look forward to working with
Piper Jaffray and are confident that our combined team will have a
formidable presence in the market.”
Since 2003, the Piper Jaffray global consumer
investment banking and capital markets team has represented clients
in 194 transactions with an aggregate value of $35.7 billion.
In addition, the firm has six senior research analysts covering 117
consumer companies across the active & healthy lifestyles,
hardlines retail, consumer products, restaurants and specialty
retail industries.
About Piper Jaffray
Piper Jaffray is a leading investment bank and asset management
firm serving clients in the U.S. and internationally. Our proven
advisory teams combine deep industry, product and sector expertise
with ready access to capital. Founded in 1895, the firm is
headquartered in Minneapolis and has offices across the United
States and in London and Zurich. www.piperjaffray.com
Since 1895. © 2013 Piper Jaffray Companies, 800 Nicollet Mall,
Suite 800, Minneapolis, Minnesota 55402-7020
Piper JaffrayPamela Steensland,
612-303-8184pamela.k.steensland@pjc.com
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