This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Piper Jaffray Expands Consumer Investment Banking With Addition Of Healthy, Active & Sustainable Living Group

Stocks in this article: PJC

Piper Jaffray (NYSE: PJC), a leading investment bank and asset management firm, today announced the hiring of a seasoned investment banking team to further strengthen its consumer investment banking franchise.

Led by Janica Lane and Brian Smith, the team of San Francisco-based bankers will join the firm from Partnership Capital Growth (“PCG”), a boutique investment bank focused on consumer product and service businesses in the areas of healthy, active and sustainable living. The group counts among its past clients best-in-class brands like Anytime Fitness, KIND Healthy Snacks, Muscle Milk, Drybar and BluePrint Juice, among others.

The group is expected to join Piper Jaffray on December 31, 2013 and will be based in the firm’s San Francisco office. Brent Knudsen, founding partner of PCG, will continue to manage Partnership Capital Growth Investors, the firm’s private equity business with nearly $200 million in capital under management, and will provide ongoing consulting services to the Piper Jaffray consumer investment banking team. Chris Spahr, PCG’s partner in Chicago will also assist in transitioning certain client relationships.

The new healthy, active and sustainable living group will further enhance Piper Jaffray’s leadership position in consumer investment banking and strengthen the firm’s expertise in some of the most dynamic, on-trend sectors in the consumer industry. With the addition of the PCG team, Piper Jaffray will have more than 35 consumer investment bankers in San Francisco, Minneapolis, New York and London.

“We have long admired the PCG banking franchise. We are thrilled to have these talented bankers join the Piper team and allow us to collectively grow our business and better serve our clients,” said Scott LaRue, Piper Jaffray co-head of investment banking and capital markets.

“The healthy, active and sustainable living group is very additive to Piper's platform,” added Michael Hoffman, head of Piper Jaffray consumer investment banking. “Some of the most innovative, fastest-growing companies are in this space. Our new PCG partners' expertise and Piper's expanded banking capabilities will be a winning combination for our clients in achieving their long-term potential.”

“We are thrilled to have found a partner in Piper Jaffray that shares our values, culture and passion for providing outstanding banking and advisory services to our clients,” said Brent Knudsen. Brian Smith and Janica Lane added, “This unique partnership will enable our team to thrive and have access to more resources to better serve our core clients. We look forward to working with Piper Jaffray and are confident that our combined team will have a formidable presence in the market.”

Since 2003, the Piper Jaffray global consumer investment banking and capital markets team has represented clients in 194 transactions with an aggregate value of $35.7 billion. In addition, the firm has six senior research analysts covering 117 consumer companies across the active & healthy lifestyles, hardlines retail, consumer products, restaurants and specialty retail industries.

About Piper Jaffray

Piper Jaffray is a leading investment bank and asset management firm serving clients in the U.S. and internationally. Our proven advisory teams combine deep industry, product and sector expertise with ready access to capital. Founded in 1895, the firm is headquartered in Minneapolis and has offices across the United States and in London and Zurich. www.piperjaffray.com

Since 1895. © 2013 Piper Jaffray Companies, 800 Nicollet Mall, Suite 800, Minneapolis, Minnesota 55402-7020

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,805.41 +127.51 0.76%
S&P 500 1,964.58 +13.76 0.71%
NASDAQ 4,483.7150 +30.9230 0.69%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs