Technology-focused boutique expands Morgan Keegan’s investment banking practice
Memphis, Tenn. (December 8, 2008) — Morgan Keegan & Company, Inc., today announced the acquisition of Revolution Partners, LLC, a Boston-based investment banking boutique specializing in mergers and acquisitions and private capital advisory services for the technology industry. Morgan Keegan is a subsidiary of Regions Financial Corporation (NYSE:RF).
Revolution Partners is one of the leading providers of M&A and private capital raising services to middle-market technology companies. Revolution Partners is highly regarded for its expertise in particular technology niches including application and infrastructure software, business services, wireless infrastructure, storage, communications infrastructure, hardware and financial technology.
Joining Morgan Keegan’s investment banking group are co-founders Peter Falvey and David Lavallee, who will continue to oversee the business operations; seven managing directors in Boston, San Francisco and Los Angeles; and over 30 investment banking professionals. Revolution Partners’ investment bankers have executed M&A transactions exceeding $10 billion in value over the course of their careers, including some of the most successful mergers in the industry. The partners also have raised over $6 billion of private capital for more than 100 clients. Revolution Partners will operate as a division of Morgan Keegan.
“We believe the technology industry offers immense opportunity for Morgan Keegan over the long-term. Over the past few years, we have successfully expanded our banking practice by partnering with established, industry-focused firms, such as Albrecht & Associates in oil and gas and Shattuck Hammond Partners in healthcare, to offer best-in-class services to those sectors,” said John Carson, chief executive officer of Morgan Keegan. “The Revolution Partners team will accelerate our technology practice ahead in the same way.”
“There are tremendous synergies between our advisory practice and the public equity execution resources of Morgan Keegan and Regions Financial. We now will be able to provide full services to both public and private companies,” said Peter Falvey. “Morgan Keegan has an outstanding reputation in the investment industry and an impressive track record. Our approach fits well with their business model and corporate culture, so we’re very excited about becoming part of their team.”
The transaction closed on December 8, 2008. Terms of the agreement were not disclosed.
About Morgan Keegan
Morgan Keegan & Company, Inc., one of the largest full-service brokerage and investment banking firms in the nation, is the securities brokerage, trust and asset management arm of Regions Financial Corp.(NYSE:RF). Headquartered in Memphis, Tenn., Morgan Keegan has over 350 offices and more than $850 million in equity capital. Additional information about Morgan Keegan can be found at www.morgankeegan.com.
Morgan Keegan’s investment banking group provides comprehensive merger and acquisition advisory and public equity and private capital raising services to middle-market companies including family-owned businesses, divisions of large corporations or portfolio companies of private equity groups. With offices in Memphis, Nashville, Atlanta, Houston and New York and more than 100 professionals, Morgan Keegan’s investment banking group is one of the largest investment banks focused on serving the middle market.
About Regions Financial Corporation
Regions Financial Corporation is a member of the S&P 100 Index and Forbes Magazine's "Platinum 400" list of America's best big companies. With $144 billion in assets, Regions is one of the nation's largest full-service providers of consumer and commercial banking, trust, securities brokerage, mortgage and insurance products and services. Regions serves customers in 16 states across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates over 1,900 banking offices and approximately 2,400 ATMs. Additional information about Regions and its full line of products and services can be found at www.regions.com.
Contact:
Kathy Ridley
901-529-5449
