Thomas Weisel Partners

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

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.

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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.

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