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Thomas Weisel Partners: Banging on the bulge bracket doors By the Editors Red Herring May 7, 2001 Ownership Private Location San Francisco, CA Founded 1999 CEO Thomas Weisel Employees 800 Sector Financial services Web site http://www.tweisel.com/ THE HERRING TAKE Thomas Weisel Partners is winning M&A and underwriting business that once belonged to larger rivals. Its private equity operations give it access to a solid and growing pipeline of banking customers. MARKET Provides investment banking, institutional brokerage, private client services, and private-equity investing and asset management. Last year, it participated in $30 billion in equity offerings, including 42 IPOs, 32 follow-on offerings, 13 private placements, and seven convertible offerings. Also advised on 46 merger and acquisition transactions with a total value of $76 billion, including advising SDL in its $41 billion sale to JDS Uniphase (Nasdaq: JDSU), the largest technology acquisition in history. STRATEGY Expects to generate the majority of 2001 revenue growth from its brokerage and M&A operations. Launched Scudder Weisel Capital, a joint venture with Scudder Kemper Investments, in January 2001, targeting individuals with more than $1 million in investable assets. The firm`s growing private equity practice, coupled with significant hires in investment banking, increases its reliance on capital markets. Competes with Goldman Sachs (NYSE: GS), Credit Suisse First Boston, Morgan Stanley Dean Witter (NYSE: MWD), and Robertson Stephens. MANAGEMENT CEO founded Montgomery Securities in 1971 and served as its chairman and CEO until 1998. FINANCIALS Profitable since April 1999, the firm`s third month of operation. Revenue in 2000 was $474 million. In January 2000, received a $100 million strategic investment from pension fund provider CalPERS, raising total private backing to $155 million. RELATED STORIES Pop goes the Weisel Thomas Weisel Partners takes off Metro-Optix: One box fits all metro protocols By the Editors Red Herring May 7, 2001 Ownership Private Location Allen, TX Founded 1999 CEO Arun Bellary Employees 300 Sector Communications equipment Web site http://www.metro-optix.com/ THE HERRING TAKE If blue-chip telecoms approve of its product, Metro-Optix will be one optical networking company worth following. MARKET Makes hardware used in the access part of metropolitan optical networks. Combines multiple protocols like synchronous optical network, IP, and asynchronous transfer mode in one device. Total metropolitan equipment market is expected to top $2 billion by 2004. STRATEGY Spun off from Ericsson (Nasdaq: ERICY) in December 1999. Company`s metro access device is in beta testing with two of the largest U.S. phone companies. Company is betting that its small footprint and one-box-fits-all strategy will make it a market leader. Its product, CityStream, competes with similar offerings from Cisco Systems (Nasdaq: CSCO), Ciena (Nasdaq: CIEN), and Redback Networks (Nasdaq: RBAK). Major challenge: to compete with larger companies that provide vendor financing as an incentive to buy from them. MANAGEMENT Arun Bellary, a data networking industry veteran, serves as chairman and CEO. Was previously the vice president and general manager of Ericsson`s broadband access products business. FINANCIALS Raised a first round of $28 million in April 2000 from Chase Capital Partners, InterWest Partners, Sevin Rosen Funds, and CenterPoint Ventures; also received $8 million in equipment financing from Silicon Valley Bank and Western Technology Investments. Raised a second round of $63 million in July 2000 from J. & W. Seligman, BlueStream Ventures, Essex Investment Management, Wasatch Funds, Deutsche Banc Alex. Brown, Weiss Peck & Greer Venture Partners, J.P. Morgan Chase, Star Ventures Management, Roger Engemann & Associates, Dain Rauscher Wessels, Ericsson, and prior investors. Total capital raised: $83 million. RELATED STORIES Adjusting optical focus Optical offspring www.redherring.com kann ich nur empfehlen. Sicher: Am besten ist hier die VC-Sektion, die uns nicht sooo weiterbringt, da wir dahinein kaum investieren können. Grüsse siscoinvestor |
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| aus der Diskussion: | Redback Networks mit deutlicher Umsatzsteigerung |
| Autor (Datum des Eintrages): | siscoinvestor (09.05.01 10:16:09) |
| Beitrag: | 14 von 40 (ID:3482593) |
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