Boston, MA - London, UK - Capstone Partners LLC, a leading middle market investment banking firm, today announced that it has completed the acquisition of Grenport Limited to form Capstone Grenport Ltd. Grenport Limited is a corporate finance advisory firm dedicated to serving the M&A and financing needs of emerging companies with particular expertise in the software, IT services and telecommunications industries. With a central European office in London, Grenport has developed a highly active middle market practice, led by 25-year veteran John Snead, the firm’s founding partner.
The transaction marks the latest development in Capstone’s ongoing efforts to build the premier middle market firm. In 2010, Capstone expanded into Philadelphia, Chicago and Los Angeles with the acquisition of Morgan Stanley’s middle market M&A practice. Again, in 2012, the firm added SagePoint Advisors in San Diego and Silicon Valley to bolster its technology industry coverage. Future plans for the firm include further geographic expansion into Florida and Texas.
“I have known and worked with John Snead for over 15 years and we are very excited to have Grenport join the Capstone family. His industry expertise will help round out our technology team and Grenport’s presence overseas will serve as a tremendous extension of the Capstone brand globally,” commented John Ferrara, Founder and President of Capstone. “Our US platform will provide Grenport’s clients with immediate cross-border access while John Snead and his team will help expand our international distribution channels with established relationships.”
“Cross border M&A activity is increasing rapidly as capital is made available for geographical expansion making this an ideal time to merge our operations with a premier North American investment bank,” noted John Snead, Grenport’s Managing Partner. “Capstone has been recognized twice for Cross Border Middle Market Deal of the Year and most recently as the 2012 Global Investment Banking Boutique of the Year. Given Grenport’s growth and current activity level, the combined firm will be able to offer strong global capabilities together with rich industry-specific deal expertise. We are proud to become part of Capstone’s growing brand.”