Transaction strengthens firm’s practice and adds two senior valuation executives
Palo Alto , CA- January 29, 2009 - Pagemill Partners LLC, a boutique investment bank offering financial advisory services to middle market technology companies, today announced that it has acquired the valuation services practice of Financial Intelligence, LLC of Mountain View, California. Coming on the heels of Pagemill Partners’ record year in M&A, this move enhances the firm’s existing capabilities with respect to valuation services and bolsters the firm’s position as a leader in the software, semiconductor, services, Internet, media and communications sectors.
Valuations have been important to both Pagemill Partners and Financial Intelligence. The two firms together have completed more than 350 valuations, underscoring their commitment to this key service. Under terms of the agreement, the two senior valuation executives from Financial Intelligence will join Pagemill Partners effective immediately, and will bring with them their existing client base. Ogen Perry will join Pagemill Partners as a Managing Director, and Michael Blum will join as Senior Director. Former valuation clients of Financial Intelligence will continue to receive the same top-quality, results-oriented attention as in the past, but with the added resources of the Pagemill Partners team.
“We are extremely excited to integrate the team from Financial Intelligence,” said Scott Munro, a Managing Director at Pagemill Partners. “In 2008 we completed 32 transactions (M&A and capital raises) and this will continue to be the firm’s focus area; however, expanding the valuation business is a natural extension of providing additional services to the firm’s clients and the clients of the leading venture capital, private equity, legal and accounting firms,” explained Munro.
Financial Intelligence will continue to focus on its core accounting and SEC disclosure advisory services. “We are confident that our valuation clients will experience a seamless transition based on the continuity of the executive team and will receive the same high quality of service that they received from Financial Intelligence”, said Jerome Behar, CEO of Financial Intelligence. “We look forward to working with the Pagemill team in the future on accounting issues involving M&A or valuations.”
About Pagemill Partners LLC
Pagemill Partners LLC (www.pmib.com) is a premier investment bank located in the heart of Silicon Valley. From its base in Silicon Valley, the firm specializes in mergers, acquisitions, private capital raising, and valuation and fairness opinions for companies in the technology, communications and media industries. Pagemill Partners has built a solid track record of completing successful transactions for middle market technology companies. The firm has completed more than 90 transactions since 2005, creating successful results as measured by strategic and financial outcomes.
About Financial Intelligence LLC
Financial Intelligence, LLC (www.financial-intelligence.com) bas been providing management with solutions to accounting and SEC disclosure advisory services since 2002. Financial Intelligence has grown rapidly and was ranked in 2008 by Inc. Magazine as the third fastest growing private financial services company in the US and the third fastest growing private company in Silicon Valley.
Contact:
Tanya Candia
tanya@pmib.com
+1.650.619.2874