By Andrei Skvarsky.
Revere Capital Advisors, a New York- and London-based financial services boutique, has set up a merchant banking group, Revere Merchant Capital (RMC), and made three senior hires for the new firm.
“RMC will lead and co-invest in equity and debt financings in connection with change of control, acquisition and expansion capital transactions,” Revere said in a statement.
The new group will also provide traditional investment banking services such as sell-side and general business advisory, capital formation, transaction support, valuations and fairness opinions.
“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,” the statement said.
“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,” it said.
“They will use their experience in private equity, investment banking, commercial banking, consulting and operating experience at firms including: CIT Equity Investments, Deloitte & Touche, Fortis Private Capital, Kohlberg & Company, Laud Collier & Co., and WestLB Panmure,” the statement said.
Revere has hired Colby Collier as president and chief executive of RMC, Albert Pastino as executive vice chairman responsible for strategy, and William Haemmerle as managing director responsible for mergers and acquisitions advisory, capital formation and all other investment banking services.
The general oversight of RMC will be exercised by its chairman Daniel Barnett, who is president and chief executive of Revere.