LONDON – BancBoston Robertson Stephens in September revealed plans to capitalize on the rapid growth of initial public offering activity in Europe’s German-speaking markets by opening its first continental office in Munich in January. As a major cluster center for leading-edge companies in both information technology and life sciences, Munich is a logical location.
BancBoston Robertson Stephens already has won a substantial client base in the German-speaking markets and, during the past year, was chosen as manager for four Neuer Markt IPOs – AT&S, Consors, Jetter and Morphosys. Peter Hoffman-Fischer, head of the bank’s European life sciences division, will lead the Munich operation. The new office’s principal focus will be on equity underwriting and M&A advisory services for IT and life sciences companies, Hoffman said.
As the leading full-service investment bank focusing exclusively on growth companies, BancBoston Robertson Stephens has had a presence in London since 1996. So far this year, the group has completed 20 equity offerings, raising more than $2.3 billion for European technology companies, including lead-managed issues on EASDAQ, the Nouveau Marche and Neuer Markt.
Stephen Schweich, managing director of the BancBoston Robertson Stephens’ European operations, forecasts continued strong growth in European technology investing, which provides a compelling rationale for the bank to step up its commitment to the region.
Highlighting this strengthened focus on Europe, BancBoston Robertson Stephens also announced three senior equity research hires and the appointment of a new head of equities trading.
Kevin Brau, an expert on the wireless sector with more than 10 years’ experience in equity research with Credit Suisse First Boston and Citibank, joins the bank as managing director to cover the wireless and communications equipment sectors. Vice President Derek Brown, previously with Deutsche Bank and Dresdner Kleinwort Benson, will cover Internet and e-commerce companies. Senior analyst Sharon Corr, who joins from Merrill Lynch, will cover software and IT services stocks.
Managing director Richard Mauterer, who has worked for 10 years in the bank’s San Francisco trading operation, becomes head of European equities trading. BancBoston Robertson Stephens already is an active market maker on the London, Amsterdam, Frankfurt, Paris and EADSAQ stock exchanges.
Mauterer’s appointment signals the bank’s intention to extend its European trading activities further.