CSFBNext, Merrill Lynch and Northwood Ventures Announce Investment in CapitalKey Advisors.Business Editors NEW YORK--(BUSINESS WIRE)--May 23, 2000 CapitalKey Advisors, Inc., (www.capitalkey.com) the online investment bank focused on the financing and merger and acquisition needs of small and mid-sized companies, has received a strategic investment from Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. and Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. . Northwood Ventures Northwood Ventures is a venture capital and leveraged buyout fund based in Syosset, New York. Since its establishment in 1983 it has funded many successful companies in the communications, retail/consumer and manufacturing sectors. , a venture capital fund, is also a new investor in CapitalKey. The company plans to use the additional funds to expand its service offerings, data collection, technology resources, marketing and geographical reach. "Our new investors each represent very strategic relationships for CapitalKey and will greatly enhance our business," said Neal D. Goldman, managing partner of CapitalKey. "The support of these world-class financial institutions is a clear endorsement of our success in building the leading investment bank for small businesses and a set of tools and processes to effectively and efficiently conduct M&A and capital-raising transactions." "CapitalKey has developed an innovative solution for servicing the small deal market," said Charles Stonehill, head of Investment Banking for CSFB CSFB Credit Suisse First Boston CSFB Cyclically Shifted Filter Bank - Americas. "Its ability to bring buyers and sellers together in an economically efficient manner allows it to create a marketplace for smaller transactions - an area that has always been underserved by larger institutions." "Our alliance with CapitalKey will add a new dimension to our ability to provide private equity and M&A services to small businesses - an important and growing market segment for Merrill Lynch," said Kevin K. Albert, managing director and head of the private sales and divestitures group at Merrill Lynch. Today's announcement marks the firm's first strategic institutional round of financing - with additional rounds expected in the near future. "The level of attention shown by major financial institutions demonstrates the long-standing interest on Wall Street to find a way to tap the small deal market," said Steven B. Turner, co-managing partner of CapitalKey Advisors. "We envision CapitalKey as a cooperative for Wall Street to participate in this market, becoming the blue chip investment banking brand for the small deal arena." Rosetta Partners, a merchant banking firm founded by Steven J. Berger and Mel A. Shaftel, acted as advisor to CapitalKey in this transaction. Prior investors in CapitalKey include Rossetta Partners, Wilson Sonsini Goodrich & Rosati and Proskauer Rose Founded in 1875, Proskauer Rose, formerly known as Proskauer Rose Goetz & Mendelsohn, LLP, is one of the United States' largest and prestigious law firms, providing a wide variety of legal services to clients throughout the United States and around the world from offices in New . About CapitalKey Advisors CapitalKey Advisors blends information and Internet technology with traditional investment banking to make the small transaction market more efficient. As a technology-enabled investment bank, CapitalKey employs three proprietary assets: (i) an information set of acquirers and financiers -- for quick and effective investor targeting; (ii) internal and Web-enabled transaction software -- for efficient transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. ; and (iii) extensive relationships with institutional acquirers and investors -- to ensure maximum exposure for its clients. CapitalKey's assets combine to create an efficient marketplace to facilitate capital raisings and mergers and acquisitions for established and venture-stage companies with less than $100 million in sales. Investor Profiles An investor profile or style defines an individual's preferences in investment decisions, for example:
Credit Suisse First Boston is a leading global investment banking firm, providing comprehensive financial advisory, capital raising, sales and trading, and financial products for users and suppliers of capital around the world. . It operates in 56 offices across more than 37 countries and six continents Six Continents is a large retail PLC in UK which split into Six Continents Retail known as Mitchells and Butlers plc. The hotels and soft drinks business of Six Continents PLC is now known as InterContinental Hotels Group PLC. and has over 15,000 employees. As of December 31, 1999, CSFB has $9.8 billion in revenues, $7.8 billion in equity and $275 billion in assets. The Firm is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of the Zurich-based Credit Suisse The Credit Suisse Group (SWX:CSGN, NYSE: CS) is a financial services company, headquartered in Zürich, Switzerland. It is the second-largest Swiss bank, behind UBS AG. Group. For more information, please visit www.csfb.com. Information on CSFBNext(SM), the Firm's institutional e-commerce initiative, may be found on www.csfbnext.com. Merrill Lynch Merrill Lynch is one of the world's leading financial management and advisory companies with offices in 43 countries and total client assets exceeding $1.8 trillion. It has relationships with over one million small businesses. As an investment bank, it is the top global underwriter and market maker of debt and equity securities and a leading strategic advisor to corporations, governments, institutions, and individuals worldwide. Through Merrill Lynch Investment Managers, the company is one of the world's largest managers of financial assets Financial assets Claims on real assets. . For more information on Merrill Lynch, go to www.ml.com. Northwood Ventures Northwood Ventures, founded in 1983, is a private equity firm which invests in venture capital opportunities, management buyouts Management buyout (MBO) Leveraged buyout whereby the acquiring group is led by the firm's management. management buyout See going private. and industry consolidations. It invests across a broad range of industry sectors and works actively in partnership with the management teams of its portfolio companies with the common goal of generating superior returns. Northwood currently manages in excess of $200 million of equity capital through two primary funds, Northwood Ventures LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control and Northwood Capital Partners LLC. For more information, please visit www.northwoodventures.com. Activities requiring brokerage registration will be performed by CapitalKey Advisors' broker-dealer subsidiary, CapitalKey Securities, LLC. |
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