Thomas Weisel Partners

Last updated
Thomas Weisel Partners Group, Inc.
Industry Financial Services
Founded 1999
Headquarters San Francisco, California
Key people
Thom Weisel, Chairman and CEO
Parent Stifel Financial

Thomas Weisel Partners Group, Inc., also known as TWP or Weisel, is a U.S. growth focused investment banking firm based in San Francisco, California.

An investment bank is a financial services company or corporate division that engages in advisory-based financial transactions on behalf of individuals, corporations, and governments. Traditionally associated with corporate finance, such a bank might assist in raising financial capital by underwriting or acting as the client's agent in the issuance of securities. An investment bank may also assist companies involved in mergers and acquisitions (M&A) and provide ancillary services such as market making, trading of derivatives and equity securities, and FICC services. Most investment banks maintain prime brokerage and asset management departments in conjunction with their investment research businesses. As an industry, it is broken up into the Bulge Bracket, Middle Market, and boutique market.

The firm was launched in January 1999 by Thom Weisel and other personnel from the former Montgomery Securities. In 1997, Thom Weisel helped to orchestrate a $1.3 billion acquisition of Montgomery Securities by NationsBank. [1] The following year, however, NationsBank acquired BankAmerica Corp, which itself had acquired Technology-based rival Robertson Stephens. A culture clash and fight for control ensued at the newly combined investment banking units of what is now known as Banc of America Securities. [1] In the process, senior bankers from Montgomery Securities secured backing from the Silicon Valley Venture Capital community and left to form their own venture: Thomas Weisel Partners. [1]

Thomas "Thom" Weisel is an American banker, businessman, and investor. He was one of the pioneers in the development of the high tech industry in Silicon Valley. Weisel is the founder of Montgomery Securities and later Thomas Weisel Partners.

NationsBank was one of the largest banking corporations in the United States, based in Charlotte, North Carolina. The company named NationsBank was formed through the merger of several other banks in 1991, and prior to that had been through multiple iterations. Its oldest predecessor companies had been Commercial National Bank (CNB), formed in 1874, and American Trust Company founded in 1909. In 1998, NationsBank acquired BankAmerica, and modified that better-known name to become Bank of America.

Robertson Stephens is a San Francisco-based wealth management firm.

Thomas Weisel Partners, heavily focused on technology, prospered during the dot-com rise that peaked in its early years. The firm, however, hit turbulent times as technology saw a tremendous downturn. Bolstered by diversification into areas such as healthcare and consumer products, however, the firm survived and continued to operate independently. In search of additional capital, the firm made its debut on the NASDAQ on February 2, 2006 under the symbol TWPG. [2]

The Nasdaq Stock Market is an American stock exchange. It is the second-largest stock exchange in the world by market capitalization, behind only the New York Stock Exchange located in the same city. The exchange platform is owned by Nasdaq, Inc., which also owns the Nasdaq Nordic and Nasdaq Baltic stock market network and several U.S. stock and options exchanges.

Following its acquisition of Westwind Partners that closed on January 2, 2008, [3] the firm now offers a broad coverage platform across technology, media, healthcare, consumer products, energy, mining, and real estate. [4] [5] Equity and Debt underwriting and Merger and Acquisition advisory operations are supplemented by Research, Trading, Brokerage, and Asset Management units as the firm operates a full-service investment bank. [4] [5] Various divisions operate out of San Francisco, New York, Toronto, London, Baltimore, Zurich, Calgary, Montreal, Boston, Chicago, Cleveland, Denver, and Portland. [4] [5]

In 2010, Thomas Weisel announced its acquisition by Stifel Financial.

Related Research Articles

Sandler O'Neill + Partners, L.P., is a full-service investment banking firm and broker-dealer specializing in the financial services sector. It is headquartered in New York City, and has offices in Boston, Chicago, San Francisco and Atlanta. The firm also operates a mortgage finance company and registered investment adviser based in Memphis.

Financial services economic service provided by the finance industry

Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, individual managers and some government-sponsored enterprises. Financial services companies are present in all economically developed geographic locations and tend to cluster in local, national, regional and international financial centers such as London, New York City, and Tokyo.

Dean Witter Reynolds was an American stock brokerage and securities firm catering to retail clients. Prior to the company's acquisition, it was among the largest retail firms in the securities industry with over 9,000 account executives and was among the largest members of the New York Stock Exchange. The company served over 3.2 million clients primarily in the U.S. Dean Witter provided debt and equity underwriting and brokerage as mutual funds and other saving and investment products for individual investors. The company's asset management arm, Dean Witter InterCapital, with total assets of $90.0 billion prior to acquisition, was one of the largest asset management operations in the U.S.

Piper Jaffray Companies is American multinational independent investment bank and financial services company focused on mergers and acquisitions, financial restructuring, public offerings, public finance, institutional brokerage, investment management and securities research. Through its principal subsidiary, Piper Jaffray & Co., the company targets corporations, institutional investors, and public entities.

Banc of America Securities LLC (BAS), was the investment banking subsidiary of Bank of America until it was merged with Merrill Lynch after that firm's acquisition in 2008 to become Bank of America Merrill Lynch. Headquartered in New York City, the company competed in both the domestic and international equity and investment banking markets.

Bessemer Venture Partners

Bessemer Venture Partners(Bessemer) is a venture capital firm. The firm has over $5 billion under management and invests globally, with offices in San Francisco, Redwood City, New York City, Boston, Israel, and India.

Yigal Arnon & Co., established nearly sixty years ago, is one of the largest law firms in Israel with offices in Tel Aviv and Jerusalem, and more than 170 lawyers, of whom 61 are partners. Yigal Arnon & Co. provides a full range of legal services to meet the differing needs of clients across a variety of industries. Among other things, the firm is recognized for its substantial international practice, including its activities in the US, UK, Europe, India, China, the Far East, and other countries throughout the world.

TWP or Twp may refer to:


Evercore Inc., formerly known as Evercore Partners, is a global independent investment banking advisory firm founded in 1995 by Roger Altman, David Offensend, and Austin Beutner.

Stifel Financial Corp. is an American multinational independent investment bank and financial services company created under its present name in July 1983 and listed on the New York Stock Exchange on November 24, 1986. Its predecessor company was founded in 1890 as the Altheimer and Rawlings Investment Company and is headquartered in downtown St. Louis, Missouri.

Houlihan Lokey company

Houlihan Lokey, Inc., is American multinational independent investment bank and financial services company. Houlihan Lokey was founded in 1972 and is headquartered at Constellation Place in Century City, Los Angeles, California. The firm advises large public and closely held companies as well as institutions and governments. Its main service lines include mergers and acquisitions, capital markets, restructuring and distressed M&A, fairness opinions, valuations, and strategic consulting. As of May 31, 2018, Houlihan Lokey employed more than 1,300 employees worldwide.

Montgomery Securities was an investment bank based in San Francisco, California, that specialized in high technology and health care sectors. The firm was founded in 1978 by Thom Weisel.

Friedman Fleischer & Lowe (FFL) is an American private equity firm, founded in 1997 by Tully Friedman, Spencer Fleischer, David Lowe, and Christopher Masto. The firm makes investments primarily through leveraged buyouts and growth capital investments and is focused on investing in the U.S. middle-market.

Weston Presidio

Weston Presidio is an American private equity firm focused on growth capital investments in late-stage companies across a range of industries with a specific focus on the consumer products, business services, industrial, media, publishing, healthcare and technology sectors.

Irving Place Capital, formerly known as Bear Stearns Merchant Banking (BSMB), is an American private equity firm focused on leveraged buyout and growth capital investments in middle-market companies in the industrial, packaging, consumer and retail industries. Based in New York City, it has total committed capital across its funds of $5.9 billion.

Montgomery & Co. is a boutique investment bank that provides financial advisory services to small and middle market companies located in Santa Monica, California. It is focused on investments and in particular the series A round of venture capital financing.

TM Capital Corp. is an independent investment bank with offices in New York City, Atlanta and Boston. The Firm advises clients on complex mergers and acquisitions, debt and equity financings, minority and majority recapitalizations, restructurings, and advisory services including takeover defense, fairness opinions and solvency opinions, and valuations. Industry specialties include consumer & retail, industrial, technology & tech-enabled services, business services and healthcare. The Firm has completed over 275 transactions with a combined value in excess of $17 billion. Its Partners are regularly cited or published in research highlighting current and emerging trends in targeted industries and markets.