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September 2014

Pacific Crest Securities

The Transaction

On September 3, 2014, CIVC Partners, LP, a middle market private equity firm focused on investments in the financial services and business services sectors, completed the successful sale of Pacific Crest Securities (“PCS” or the “Company”) to KeyCorp (NYSE:KEY).

The Company

Pacific Crest Securities is the leading investment bank focused exclusively on technology. The firm is a full-service investment bank providing research, institutional sales and trading, and investment banking services to technology investors and companies worldwide. Pacific Crest is headquartered in Portland, OR, and has additional offices in Beijing, San Francisco, Boston and Stamford, CT.

Value-Add Approach

Based on CIVC’s long track record of successfully partnering with leading financial services companies, PCS’ management approached CIVC in 2008 to support the development of the Company’s investment banking practice and the continued growth of PCS’ perennially top-ranked boutique technology research capabilities. In partnership with management, CIVC invested in PCS on a proprietary basis outside of an auction process. Over the investment period, CIVC aided PCS in its continued development of innovative research delivery offerings to further differentiate research product from competitors and in the strategic expansion PCS’ business and research coverage in the rapidly growing Asian markets. The successful sale of PCS demonstrates the value of CIVC’s focus on specific affinity areas and continues to build on the firm’s experience in the financial services industry.

About CIVC Partners

CIVC is a seasoned private equity firm investing equity capital in high growth companies for over forty years. Under the current managing partners, the firm has invested over $1.4 billion primarily in middle market companies operating in the business services and financial services industries since 1989.

More information on CIVC Partners and its portfolio companies can be found at www.civc.com. To discuss opportunities in the financial services industry, please contact Dan Helle (dhelle@civc.com).

 
 
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