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NEW YORK, RBC Capital Markets, the corporate and investment banking arm of RBC Financial Group today announced the further expansion of its core investment banking group with the hiring of two veteran Wall Street executives.
The hires follow the recent announcement that Marc Daniel, former senior managing director at Bear Stearns & Co., has joined RBC Capital Markets as a managing director in its Mergers & Acquisitions group.
Capitalink, L.C., one of the top ranked U.S. investment banking firms, has become a member firm of M&A International, Inc. (MAI), the leading international organization of independently owned merger and acquisition specialists and investment banking firms, it was announced today jointly by Mark Lerner, chairman of MAI, and James S. Cassel, president of Capitalink.
In becoming a member firm of MAI, South Florida-headquartered Capitalink will be affiliated with 40 MAI member firms and part of a prestigious, worldwide M&A and investment-banking-firm network that has a presence in 33 countries on five continents.
VC Breakfast
"Capital for Early Stage and Emerging Companies"
July 12, 2004
8:30 am - 11:00 am
Commercialization Center for Innovative Technologies
North Brunswick
Join for an exclusive invitation-only gathering where you will meet, interact and network with a distinguished group of VCs seeking new early stage and emerging growth investment opportunities.
They will share their criteria for funding deals in ‘05 and their insights on the venture industry.
Click Here to Register Now!
"Early bird" registration savings expire next Tuesday, June 28
For complete details please click here.
Registration Fees: “"Early bird" registration savings expire next Tuesday, June 28
Entrepreneurs: $45 (Regular: $55, at the door: $75)
Investors: $45 (Regular: $55, at the door: $75)
Service Providers: $65 (Regular: $85, at the door: $115)
Agenda:
08:15 am Registration/ Breakfast & Networking
09:15 am Welcome Remarks
09:30 am Panel Discussion & Q & A
10:30 am Networking
11:00 am Adjournment
Continental breakfast will be served.
Audience Profile:
Private Investors, Venture Capitalists, Corporate Investors, Founders & CEO of early stage and emerging growth ventures, professional service firms.
Knowledge@Wharton has a summary of a session with VC’s on Creative Financing which is available at http://knowledge.wharton.upenn.edu/article/1215.cfm
Some key highlights are:
One way to help finance a company in the early stages is to get customers to pay up front, said Flaschen, and, if possible, get vendors to make concessions to help the company’s revenue stream. “Even before you go out and raise money, ask ‘How can I do this with as little money as possible?’” If an entrepreneur takes less financing, then investors have less control. “The dirty little secret is, it is not a lot of fun to have a VC partner in your business. It is a lot more fun to own a majority stake, or 100%. The more you strive for that, the happier you will be.”
Yet it remains difficult to round these angel investors up. “The process of getting angel money is, in my observation, a little bit like herding cats,” he said. “It’s a confederation of 12 to 15 wealthy individuals who are doing this somewhere between a hobby and a part-time activity.” Angel investors tend to travel frequently and miss meetings, or have trouble following up. “This is a great group to go after, but it can take awhile. You can’t go in there and have a half-hour meeting over breakfast and they write you a check. That happened in the bubble phase, but not now. To get eight of them to all write checks requires many, many meetings.”
Companies should take on more than one source of funding, he said, adding that he likes to co-invest in new companies with other venture capitalists to provide additional “brain power.” “You should try to take a round (of financing) with three venture funds together so that when you hit a problem - and you will hit a problem - you don’t have just one decision-maker.” He suggested that when building a syndicate of investors, companies should look for venture funds that have worked successfully together in the past. Greene also warned that venture capitalists will be as just as involved in a firm they take a 15% stake in as they would with a 50% investment.
A second increasingly important source of early funding for resourceful entrepreneurs is government. Starr noted that the federal government has $2.5 billion available for various small business programs that recognize the need to provide funding for high-risk technologies the private markets won’t touch yet. State and local governments are also getting into the business, with innovative programs to nurture start-ups on the bet they will grow into successful companies that can provide jobs and enhance the tax base.
BEIJING — Bank of America’s decision to buy a major stake in China’s largest mortgage lender, is a major shot in the arm for China’s creaky and debt-laden financial system .
The $2.5 billion deal, in which Bank of America will own 9 percent in the state-run China Construction Bank (CCB), is the single largest foreign investment in a Chinese company. Bank of America has the rights to boost ownership to 19.9 percent in the near future.
The deal between Bank of America, the United States’ third-largest bank, and CCB, marks the first major foreign investment in one of China’s "big four" state-run banks.
It also gives CCB access to foreign expertise months before China’s banking sector must open to foreign competition under international trade commitments.
By Doreen Leong from theedgedaily.com
Hong Leong Bank Bhd (HL Bank) has been touring the nation to conduct its investment banking seminar, which it first started for its Klang Valley and Northern region customers, to promote its investment products and services.
In a statement on June 15, it said the seminar, aimed at its commercial and priority banking customers, leveraged on Hong Leong Financial Services Group’s investment banking expertise in treasury, corporate advisory, debt capital markets and wealth management.
“This seminar will be part of our aim to educate and to share with our customers market developments and sentiments. At the same time, it is an excellent platform to discuss personalised tailor-made solutions with them,” its group managing director Yvonne Chia said.
The bank said investment banking was a growing business and helped accelerate its potential via direct communication with its customer through the seminar.
Hong Leong Financial Services is the financial arm of Hong Leong group, comprising HL Bank, Hong Leong Assurance Bhd and HLG Capital Bhd, which includes its subsidiaries, HLG Unit Trust and HLG Asset Management.
