New Orleans, LA, Jan. 15, 2009 — Pritchard Capital Partners, an energy investment bank and institutional financial services firm, and Global Hunter Securities, an investment bank, announced that they have signed a letter of intent to form Pritchard Global Hunter Securities, a full-service energy-focused investment bank.
As Pritchard Global Hunter Securities, the firm will offer investment-banking services targeted toward small- to mid-cap energy. According to the companies, the combination brings together a sales-and-trading/research base and an equity-focused investment-banking group in Pritchard Capital, and experience in structuring and distributing equity and debt securities for energy companies in Global Hunter Securities. The plan is subject to customary conditions, including regulatory approval.
As part of this transaction, Thomas Pritchard will become president and managing director of Capital Markets, and Daniel Conwill, the CEO of Global Hunter Securities, will be CEO and head of investment banking at Pritchard Global Hunter Securities. Edward Lainfiesta, currently president of Global Hunter Securities, will become vice chairman of Pritchard Global Hunter Securities, and Todd Giustiniano, the current CFO of Pritchard Capital, will be CFO of the new entity.
Financial terms of the transaction are not being disclosed. The combined companies will remained based in New Orleans, with offices in New York, Houston, Washington, DC, Atlanta and Newport Beach, Calif.
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