Revere Capital Advisors, the New York and London-based boutique financial services firm, has formed Revere Merchant Capital (RMC), a new merchant banking group.
Revere has recruited externally to assemble a senior team which is comprised of Albert G Pastino, executive vice chairman, responsible for the strategic direction of RMC; Colby W Collier, president, and responsible for the overall operation of the firm; and William H Haemmerle who joins as managing director and is responsible for M&A advisory, capital formation and all other investment banking services.
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.
Pastino says: “This venture with Revere, which is a highly regarded financial services firm with a solid track record and strategic leadership, allows us to take a fresh approach to the traditional private equity and investment banking proposition. Our wealth of experience in working with companies, investors and capital providers in a broad spectrum of capacities permits us to be flexible in our offering and define how best we can create value for our business partners and clients.”
Daniel J Barnett, president and CEO of Revere and chairman of RMC, says: “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.”
The RMC team will focus on building long-term relationships with companies operating in the US lower and middle markets, but will opportunistically pursue activities in the Americas and Europe too where Revere’s global relationships can be leveraged.