| News MKM Partners and M.M. Dillon & Co. Announce a Cooperation for Funding Growth Companies
STAMFORD, Conn.,
Dec. 12, 2012 /PRNewswire/ -- MKM Partners LLC, an institutional equity
research, sales and trading firm, and M.M. Dillon & Co., an investment
banking and private equity partnership, today announced an exclusive agreement
to form a combined venture that will focus on serving the needs of small and
medium-sized growth companies and their investors. The venture, to be named MKM
Dillon, will integrate M.M. Dillon's investment banking capabilities with MKM
Partners' highly regarded distribution platform to provide expert capital
market services to growth companies in need of capital while providing
institutional investors with exciting investment opportunities. The focus will
be on raising growth capital for companies, with a focus on the TMT
(technology, media, telecom), Healthcare, Transportation and Energy sectors. The venture
enables MKM Dillon the ability to underwrite lead- and co-managed transactions
for the growth companies with which the two organizations have longstanding
relationships, as well as with new companies seeking growth capital. In
preparation for the combination, both organizations have been taking advantage
of the current operating environment on Wall Street to add experienced talent
to their organizations in relevant sectors. The recently enacted JOBS Act has
also significantly altered the landscape for growth companies seeking capital,
and MKM Dillon plans to be a leader in the use of this important new
legislation. Richard R. Castellano,
Chief Executive Officer of MKM, said in a statement, "I am enthusiastic
about the MKM Dillon agreement, which teams top-ranked research, sales and
trading professionals with leaders in investment banking to benefit growth
companies and their investor bases. I worked with several of the senior Dillon
professionals during my tenure at Morgan Stanley & Co. and firmly believe
they have the same interests as MKM - to provide the ethical framework and the
experience-based know-how needed for capital market access for growth
companies. Our team has worked hard to build MKM over the last 11 years with
institutional investors, as have the Dillon professionals over the same time
with their clients. This alliance will leverage our respective organizations in
a way that neither of us could accomplish alone. It is truly an ideal
partnership for our firms, and ultimately a winning one for our growth investor
clients." Michiel McCarty,
Chief Executive Officer of Dillon, commented, "The MKM Dillon alliance is
the next step in building the leading investment bank for growth companies and
their investors. MKM has perfected high-touch institutional investor
relationships, combined with "need to read" research, in a manner
unseen for years at the major firms. Dillon's success in becoming a trusted
advisor to CEOs and boards in the important sectors of healthcare, technology,
transportation, and energy perfectly complements the MKM investor-centric
platform. The ultimate beneficiaries of this unique blend of two unbiased providers
of critical advice and access to the markets will be the growth companies,
which are desperately in need of capital, and their providers, the
institutional investors. The JOBS Act truly changes the playing field for banks
such as ours and their growth company clients in a manner unseen in my 37 years
in the industry, and we look forward to being the pioneers of this new
mechanism for the raising of capital." The objective of
the MKM Dillon strategic alliance is to provide a superior platform for clients,
both investors and corporate, and for potential new professionals who join each
group's existing talent pool. The MKM Dillon partnership environment and
critical mass of the two firms, combined with the Stamford, Connecticut-based
headquarters, should act as a welcome landing spot for top professionals from
the financial services industry. About MKM
Partners MKM Partners is
an 11-year-old institutional equity research, sales and trading firm.
Headquartered in Stamford, Connecticut, with offices in New York City, Boston
and across the U.S., MKM provides clients with actionable and unbiased
economic, technical, derivatives, event-driven and fundamental research and has
trade execution abilities in U.S. and foreign equity markets and in U.S.
options markets. In addition to offering timely access to its traders and
analysts, MKM focuses on delivering exceptional service to institutional
clients across its trading and research platforms. About M.M.
Dillon & Co. M.M. Dillon & Co. is a nine-year-old
Stamford, Connecticut-based employee-owned investment banking and private
equity partnership where industry and product specialists collaborate to
provide creative, idea-driven advice and solutions to its institutional and
corporate clients. M.M. Dillon offers public and private financing, M&A
advisory and restructuring advisory services. M.M. Dillon's team of experienced
banking and investing professionals provide execution capabilities for
companies across a range of industry sectors. The firm's senior banking and investment
professionals have at least 20 years of experience with major Wall Street
firms.
www.mmdillon.com www.mkmpartners.com
Contacts:
Michiel McCarty
CEO, M.M. Dillon & Co.
203-569-6823
Richard R. Castellano CEO, MKM Partners 203-861-9060
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