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Capstone Financial Group opens Silicon Valley office

Capstone Financial Group, an investment banking firm specialising in the auto aftermarket, has opened an office in Silicon Valley.

Located at 6203 San Ignacio Avenue in San Jose, the office will serve an automotive industry that is rapidly expanding in the area.
 
“Silicon Valley has become a hotbed of automotive development with Apple, Tesla, Google and others all entering the fray,” says Dan Smith, president of Capstone. “We anticipate that very soon much of the automotive industry will be centred here, so we wanted to be the first investment banking firm to establish this kind of local automotive presence.”
 
Since 1999, about 75 per cent of Capstone’s 40 M&A transactions have been in California. With its headquarters in South Carolina, Capstone Financial Group now has a presence on both the East Coast and the West Coast.
 
Smith sees a game-changing trend in the auto aftermarket.
 
“Much of the manufacturing base will be replaced by software engineers working on parts and programmes for the new technologies developed by Silicon Valley-based companies,” he says.
 
Capstone Financial Group recently facilitated an acquisition for Autologue Computer Systems from eBay. The deal, in which Autologue purchased three distribution management systems from eBay, makes Autologue the second largest player in its industry.

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