Revolution Partners.Revolution Partners, a Boston-based investment bank, plans to open offices in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. and San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden to provide private placements to middle market technology companies. The company has hired Josh Tanzer, a 20-year veteran of the industry and a former managing director at Lazard Freres & Co., to head its Los Angeles office. Michael Barker, a former investment banker Investment Banker A person representing a financial institution that is in the business of raising capital for corporations and municipalities. Notes: An investment banker may not accept deposits or make commercial loans. at Morgan Stanley and at 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. , will head the San Francisco office. "We've always wanted to have a presence on the West Coast," said Peter Falvey, Revolution's co-founder and managing director. Tanzer raised $175 million in private equity while he was at Lazard for Virgin America, a fledgling airline. He has owned his own technology firm, Principia prin·cip·i·um n. pl. prin·cip·i·a A principle, especially a basic one. [Latin pr  ncipium; see principle.] Capital Group, and was the global head of private equity
for CSFB's technology group,
"Because of the convergence of entertainment and technology, it s now reached critical mass," he said. Revolution Partners, with 17 bankers and 20 employees, has closed 39 deals since it was formed five years ago. |
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