Imperial Capital Expands

Imperial Capital has agreed to acquire USBX Inc. and UBSX Advisory Services, a boutique I-bank focused on M&A. No financial terms were disclosed.

PRESS RELEASE

Imperial Capital Group, LLC, and Imperial Capital, LLC, a full-service investment bank based in Los Angeles, has entered into an agreement to acquire USBX Inc., and USBX Advisory Services, LLC (USBX), a preeminent boutique investment banking firm focused on merger and acquisitions (M&A).   Terms of the transaction were not disclosed.  Consummation of the acquisition is subject to regulatory approval, which the companies anticipate receiving within 30 days.

The proposed acquisition is part of Imperial Capital's continued expansion efforts.  Over the past two years, Imperial Capital has added 27 professionals to its investment banking department.  Upon completion of the acquisition, the firm will employ 54 investment bankers that are actively advising clients in financing, restructuring and M&A transactions.  The addition of the USBX team will add measurable depth to Imperial Capital's existing M&A expertise and deep sector knowledge in specific vertical markets in which they have leading practice groups.  Imperial Capital's corporate finance business is widely recognized for its expertise in serving the investment banking needs of middle market companies and institutional investors in such companies.

"Imperial Capital has been pursuing an aggressive growth plan adding top investment banking professionals with the goal of increasing the services that we provide to our clients," said Jason Reese, President of Imperial Capital.  "The addition of the USBX team is the perfect compliment to our existing professionals and will increase our M&A capabilities and expertise. John E. Mack III, the CEO and co-founder of USBX, will serve as the head of M&A at Imperial Capital following the consummation of the merger."

"The transaction with Imperial Capital is an exciting opportunity for us to take our business to the next level as part of a stronger, more diversified platform that can offer a comprehensive set of products and services to our clients," said John E. Mack III, CEO of USBX. "In turn, USBX brings to Imperial Capital our significant expertise and experience in M&A and the four vertical markets where we operate specialty practices: Security (both commercial and homeland), Government IT and Business Services, Technology, and Consumer.  It also allows a greater forum for our research division, which writes research on each of our targeted verticals based on first-hand investigation.  We are very excited by the combination of complementary capabilities and skills and we look forward to bringing a more complete set of solutions to our clients going forward."

Charles Weissman and James Ho of Dechert LLP represented Imperial Capital in this transaction. Sheppard, Mullin, Richter & Hampton represented the seller.

About USBX

Founded in 2000, USBX Advisory Services, LLC is a leading boutique investment bank providing Mergers & Acquisitions, Institutional Private Placement and related Strategic Advisory services to middle-market companies and private equity groups. The USBX value proposition centers on delivering true 'wall street' level transaction skills and deep domain knowledge complemented by industry operating experience. The firm has built a strong reputation in the Security, Technology, Consumer, and Business Services sectors as well as a solid foundation of general experience in serving clients in any industry. USBX partners leading the firm are former industry executives or major bracket senior investment bankers that have managed and negotiated over 500 transactions including engagements involving some of the most successful corporations and private equity groups in the world. USBX has offices in Los Angeles, California and McLean, Virginia.

About Imperial Capital

Founded in 1997, Imperial Capital, LLC is a full service institutional securities brokerage and investment banking firm based in Los Angeles, with offices in New York, San Francisco, Boston and Whitefish, Montana.  The firm currently employs over 145 professionals and offers a wide range of sophisticated, value-added products and services to institutional investors and middle-market companies.  Imperial Capital specializes in the research, sales and trading of high-yield and distressed debt securities, bank debt, convertible bonds, preferred stocks, and equities.  Imperial Capital's investment banking staff provides M&A and restructuring advisory, and capital raising services to middle market companies.

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