equity capital markets - raymond · pdf filesince 1969 4 raymond james investment banking...

20
INVESTMENT BANKING Equity Capital Markets

Upload: trinhbao

Post on 08-Mar-2018

216 views

Category:

Documents


4 download

TRANSCRIPT

Page 1: equity Capital markets - Raymond · PDF fileSince 1969 4 Raymond James Investment Banking serves the capital and strategic advisory needs of today’s emerging growth companies. Employing

Investment BankIngequity Capital markets

Page 2: equity Capital markets - Raymond · PDF fileSince 1969 4 Raymond James Investment Banking serves the capital and strategic advisory needs of today’s emerging growth companies. Employing

Our mission is to remain a premier investment bank built

on trust and relationships. We combine insightful, high-

quality research in select industry sectors with value-added

financial advice and world-class distribution to serve the

needs of growth companies and the institutional and retail

communities that invest in them.

Raymond James Capital Markets

1

Page 3: equity Capital markets - Raymond · PDF fileSince 1969 4 Raymond James Investment Banking serves the capital and strategic advisory needs of today’s emerging growth companies. Employing

Our mission is to remain a premier investment bank built

on trust and relationships. We combine insightful, high-

quality research in select industry sectors with value-added

financial advice and world-class distribution to serve the

needs of growth companies and the institutional and retail

communities that invest in them.

Raymond James Capital Markets

1

Page 4: equity Capital markets - Raymond · PDF fileSince 1969 4 Raymond James Investment Banking serves the capital and strategic advisory needs of today’s emerging growth companies. Employing

Since 1969

4

Raymond James Investment Banking serves the capital and strategic advisory needs of today’s

emerging growth companies. Employing the deep industry knowledge and transactional expertise of

our more than 500 capital markets professionals, we offer a full array of transactional services, comple-

mented by strategic advice and planning throughout the life cycles of middle-market corporations.

Our broad range of investment banking services includes strategic planning; debt and equity capital

formation through public and private offerings; merger and acquisition advisory services, including

sales and divestitures, tender offers, leveraged buyouts, takeover defense, fairness opinions and valua-

tions; and corporate restructuring through in- and out-of-court efforts.

Raymond James Capital Markets is composed of Investment Banking, with 100 professionals

organized along industry and product lines; an award-winning Equity Research team with approxi-

mately 50 analysts covering nearly 700 public companies; Equity Sales and Trading, with professionals

who provide service to over 1,800 active domestic and international accounts; and a Corporate Debt

Origination and Structuring group which, combined with the Fixed Income department, has more

than 200 professionals committed to the debt markets.

Raymond James Capital Markets maintains a significant national presence, enhanced by Raymond

James’ Private Client Group of more than 5,000 domestic financial advisors, as well as international

distribution capabilities in North America and Europe. The collaborative effort of our highly

knowledgeable, industry-focused capital markets professionals ensures a thorough understanding

of client needs and the highest quality investment banking and capital markets services.

the ResouRCes You need

During the past five years, Raymond James has participated in raising

over $90 billion in growth capital for its corporate clients, and has

completed more than 230 advisory and private placement assignments,

including 130 mergers and acquisitions valued at more than $20 billion.

3

Raymond James has assisted small- and medium-sized companies

by providing public and private capital to finance their growth. We

have a large, experienced investment banking team, complemented

by trading support, excellent objective research, and broad retail

and institutional distribution.

Most importantly, Raymond James understands corporate needs and

the requirements of public ownership, as well as the fundamentals

of almost all industry sectors, enabling our professionals to provide

invaluable strategic advice.

Thomas A. James

Chairman and CEO

Raymond James Financial, Inc.

Page 5: equity Capital markets - Raymond · PDF fileSince 1969 4 Raymond James Investment Banking serves the capital and strategic advisory needs of today’s emerging growth companies. Employing

Since 1969

4

Raymond James Investment Banking serves the capital and strategic advisory needs of today’s

emerging growth companies. Employing the deep industry knowledge and transactional expertise of

our more than 500 capital markets professionals, we offer a full array of transactional services, comple-

mented by strategic advice and planning throughout the life cycles of middle-market corporations.

Our broad range of investment banking services includes strategic planning; debt and equity capital

formation through public and private offerings; merger and acquisition advisory services, including

sales and divestitures, tender offers, leveraged buyouts, takeover defense, fairness opinions and valua-

tions; and corporate restructuring through in- and out-of-court efforts.

Raymond James Capital Markets is composed of Investment Banking, with 100 professionals

organized along industry and product lines; an award-winning Equity Research team with approxi-

mately 50 analysts covering nearly 700 public companies; Equity Sales and Trading, with professionals

who provide service to over 1,800 active domestic and international accounts; and a Corporate Debt

Origination and Structuring group which, combined with the Fixed Income department, has more

than 200 professionals committed to the debt markets.

Raymond James Capital Markets maintains a significant national presence, enhanced by Raymond

James’ Private Client Group of more than 5,000 domestic financial advisors, as well as international

distribution capabilities in North America and Europe. The collaborative effort of our highly

knowledgeable, industry-focused capital markets professionals ensures a thorough understanding

of client needs and the highest quality investment banking and capital markets services.

the ResouRCes You need

During the past five years, Raymond James has participated in raising

over $90 billion in growth capital for its corporate clients, and has

completed more than 230 advisory and private placement assignments,

including 130 mergers and acquisitions valued at more than $20 billion.

3

Raymond James has assisted small- and medium-sized companies

by providing public and private capital to finance their growth. We

have a large, experienced investment banking team, complemented

by trading support, excellent objective research, and broad retail

and institutional distribution.

Most importantly, Raymond James understands corporate needs and

the requirements of public ownership, as well as the fundamentals

of almost all industry sectors, enabling our professionals to provide

invaluable strategic advice.

Thomas A. James

Chairman and CEO

Raymond James Financial, Inc.

Page 6: equity Capital markets - Raymond · PDF fileSince 1969 4 Raymond James Investment Banking serves the capital and strategic advisory needs of today’s emerging growth companies. Employing

As a full-service investment firm, Raymond James acts as a trusted advisor,

assisting the management teams of growth companies by providing the

individual guidance, in-depth industry and financial analysis, and creative

structuring necessary to raise capital successfully and efficiently, complete

corporate transactions and more.

Raymond James Investment Banking is comprised of professionals

located throughout the country with expertise in a full range of investment

banking services, including public and private equity and debt offerings,

mergers and acquisitions, and financial restructuring.

Whatever your objective – securing an infusion of public or private

capital for business expansion, responding to an interested potential buyer,

determining if your company is in the right position to acquire a competitor

or penetrating new markets through acquisition – the investment banking

professionals at Raymond James can provide the structuring and execution

vital to your success in nearly every phase of your company’s growth.

Investment BankIng

MEZZANINE GROWTH MATURE LATEVENTURE

S T A G E S

Convertible debt offerings

Public/private debt

Initial public offerings

Follow-on offerings

Restructuring and recapitalization

Merchant banking

General strategic and financial advisory

Private placement of high-yield debt and equity

Mergers and acquisitions advisory

Fairness opinions and valuations

Venture capital investments

Trading and market making

Industry and company research coverage

Raymond James

provides a com-

prehensive range

of strategic and

financial advisory

services tailored to

our clients’ needs.

a Comprehensive approach

Raymond James Investment Banking offers expertise in equity and debt offerings, merger and

acquisition advisory services, strategic planning and restructuring.

Organized along industry and product lines, our investment banking teams consist of professionals

who possess both the transactional expertise and industry knowledge necessary to help our clients

achieve their objectives.

Full Range oF CapaBIlItIes

6

Page 7: equity Capital markets - Raymond · PDF fileSince 1969 4 Raymond James Investment Banking serves the capital and strategic advisory needs of today’s emerging growth companies. Employing

As a full-service investment firm, Raymond James acts as a trusted advisor,

assisting the management teams of growth companies by providing the

individual guidance, in-depth industry and financial analysis, and creative

structuring necessary to raise capital successfully and efficiently, complete

corporate transactions and more.

Raymond James Investment Banking is comprised of professionals

located throughout the country with expertise in a full range of investment

banking services, including public and private equity and debt offerings,

mergers and acquisitions, and financial restructuring.

Whatever your objective – securing an infusion of public or private

capital for business expansion, responding to an interested potential buyer,

determining if your company is in the right position to acquire a competitor

or penetrating new markets through acquisition – the investment banking

professionals at Raymond James can provide the structuring and execution

vital to your success in nearly every phase of your company’s growth.

Investment BankIng

MEZZANINE GROWTH MATURE LATEVENTURE

S T A G E S

Convertible debt offerings

Public/private debt

Initial public offerings

Follow-on offerings

Restructuring and recapitalization

Merchant banking

General strategic and financial advisory

Private placement of high-yield debt and equity

Mergers and acquisitions advisory

Fairness opinions and valuations

Venture capital investments

Trading and market making

Industry and company research coverage

Raymond James

provides a com-

prehensive range

of strategic and

financial advisory

services tailored to

our clients’ needs.

a Comprehensive approach

Raymond James Investment Banking offers expertise in equity and debt offerings, merger and

acquisition advisory services, strategic planning and restructuring.

Organized along industry and product lines, our investment banking teams consist of professionals

who possess both the transactional expertise and industry knowledge necessary to help our clients

achieve their objectives.

Full Range oF CapaBIlItIes

6

Page 8: equity Capital markets - Raymond · PDF fileSince 1969 4 Raymond James Investment Banking serves the capital and strategic advisory needs of today’s emerging growth companies. Employing

8

CoRe Investment BankIng seRvICes

7

leveraged Buyouts

We are uniquely positioned to help internal management teams identify

and effect acquisition opportunities. Our services include providing

feasibility advice; determining and negotiating the acquisition price; struc-

turing, arranging and negotiating financing; and closing the transaction.

takeover defense

Drawing on our understanding of both sides of takeover transactions, we

assist our clients in taking advantage of regulatory or corporate mechanisms

designed to help boards of directors adequately evaluate unsolicited offers.

Our objective is always to help discourage and defend against unsolicited

offers; however, if a transaction becomes inevitable, we are committed to

obtaining the optimal result for our client and its shareholders.

Fairness opinions and valuations

We can provide fairness opinions in any situation, which may include sales

of companies or material assets, substantial acquisitions, or other significant

corporate transactions.

Recapitalization and Restructuring The Raymond James Recapitalization and Restructuring Advisory group

forms flexible teams of specialists and industry experts to assist companies,

creditors and equity investors facing financial challenges. These circum-

stances may include Chapter 11/out-of-court financial restructurings,

exchange offers and consent solicitations, fairness and solvency opinions,

recapitalizations and valuations, litigation support and testimony, and

mergers and acquisitions.

public offerings

The long-term success of a public offering depends on optimal timing, a coordinated sales effort, appropriate distribution of shares through a combination of institutional and retail investors, and comprehensive research and dependable trading support after the offering.

We provide the expertise, experience and resources necessary to success-fully guide your company through the offering process – from appropriate type and size, to timing, valuation, and strategic marketing positioning.

mergers & acquisitions advisory services

With transactional proficiency in buy- and sell-side representation, our Mergers & Acquisitions group, along with industry-focused specialists, helps companies identify, evaluate and execute strategic merger and acquisition opportunities. Composed of seasoned professionals who focus on the needs of buyers and sellers of middle-market companies, our expertise includes:

sales and divestitures With maximizing value to our clients as our key objective, we can guide a company through the sell-side process by valuing the business, preparing a descriptive memorandum, introducing potential buyers, leading negotiations and coordinating closing.

mergers, acquisitions and tender offers Our experience in identifying strategic merger and acquisition oppor- tunities, as well as executing transactions, allows us to assist acquiring companies with valuing the target company; assessing the financial impact of a transaction; developing a purchase strategy; leading negotiations; and structuring, coordinating and funding the transaction.

Page 9: equity Capital markets - Raymond · PDF fileSince 1969 4 Raymond James Investment Banking serves the capital and strategic advisory needs of today’s emerging growth companies. Employing

8

CoRe Investment BankIng seRvICes

7

leveraged Buyouts

We are uniquely positioned to help internal management teams identify

and effect acquisition opportunities. Our services include providing

feasibility advice; determining and negotiating the acquisition price; struc-

turing, arranging and negotiating financing; and closing the transaction.

takeover defense

Drawing on our understanding of both sides of takeover transactions, we

assist our clients in taking advantage of regulatory or corporate mechanisms

designed to help boards of directors adequately evaluate unsolicited offers.

Our objective is always to help discourage and defend against unsolicited

offers; however, if a transaction becomes inevitable, we are committed to

obtaining the optimal result for our client and its shareholders.

Fairness opinions and valuations

We can provide fairness opinions in any situation, which may include sales

of companies or material assets, substantial acquisitions, or other significant

corporate transactions.

Recapitalization and Restructuring The Raymond James Recapitalization and Restructuring Advisory group

forms flexible teams of specialists and industry experts to assist companies,

creditors and equity investors facing financial challenges. These circum-

stances may include Chapter 11/out-of-court financial restructurings,

exchange offers and consent solicitations, fairness and solvency opinions,

recapitalizations and valuations, litigation support and testimony, and

mergers and acquisitions.

public offerings

The long-term success of a public offering depends on optimal timing, a coordinated sales effort, appropriate distribution of shares through a combination of institutional and retail investors, and comprehensive research and dependable trading support after the offering.

We provide the expertise, experience and resources necessary to success-fully guide your company through the offering process – from appropriate type and size, to timing, valuation, and strategic marketing positioning.

mergers & acquisitions advisory services

With transactional proficiency in buy- and sell-side representation, our Mergers & Acquisitions group, along with industry-focused specialists, helps companies identify, evaluate and execute strategic merger and acquisition opportunities. Composed of seasoned professionals who focus on the needs of buyers and sellers of middle-market companies, our expertise includes:

sales and divestitures With maximizing value to our clients as our key objective, we can guide a company through the sell-side process by valuing the business, preparing a descriptive memorandum, introducing potential buyers, leading negotiations and coordinating closing.

mergers, acquisitions and tender offers Our experience in identifying strategic merger and acquisition oppor- tunities, as well as executing transactions, allows us to assist acquiring companies with valuing the target company; assessing the financial impact of a transaction; developing a purchase strategy; leading negotiations; and structuring, coordinating and funding the transaction.

Page 10: equity Capital markets - Raymond · PDF fileSince 1969 4 Raymond James Investment Banking serves the capital and strategic advisory needs of today’s emerging growth companies. Employing

As part of one of the largest institutional and retail research depart-

ments of any investment banking firm in the industry, approximately

50 fundamental and technical research analysts cover nearly 700

companies in a variety of industry sectors.

As testament to the high-caliber analysts who make up our equity

research group, Raymond James is regularly recognized with a

number of individual analyst awards in The Wall Street Journal’s

“Best on the Street.” In 2006, Raymond James Equity Research claimed

five awards in the Journal’s “Best on the Street” survey that ranked 72

firms after evaluating analysts from more than 280 sell-side firms.

Raymond James has a long-standing reputation for high quality,

independent research. Raymond James’ stock picks performed better

than those of 11 other brokers over both the short and long term,

reported Worth magazine in 2006, quoting from a Zacks Investment

Research study that ranked Raymond James first among the 12

brokerage firms evaluated for stock-picking prowess. The firm

also ranked second among small- and mid-cap fund managers in

Greenwich Associates’ 2006 Quality Index study.

equItY ReseaRCh

9Past performance does not guarantee future results. The Wall Street Journal does not sponsor, endorse or approve Raymond James & Associates’ investment programs.

During the seven-year period reviewed by Zacks Investment Research, Raymond James recommended 463 securities through its Focus List. Of these 220 advanced and 243 declined. Performance noted in the study includes dividends and a 1% trading commission on additions and deletions. Individual results will vary and an investor would incur commissions (and interest charges if transacted in a margin account) to transact these recommendations. A complete record of all Focus List recommendations since 1998 is available upon request. The results should not and cannot be viewed as an indicator of future performance. The market value of securities fluctuates and investors may incur profits or losses.

The Greenwich Quality Index measures overall small-cap and mid-cap equities sales and research quality among United States institutions. Investing in small-cap and mid-cap equities generally involves greater risks and may not be appropriate for everyone.

Raymond James is regularly recognized with a number of individual analyst awards

in The Wall Street Journal’s “Best on the Street.”

Page 11: equity Capital markets - Raymond · PDF fileSince 1969 4 Raymond James Investment Banking serves the capital and strategic advisory needs of today’s emerging growth companies. Employing

As part of one of the largest institutional and retail research depart-

ments of any investment banking firm in the industry, approximately

50 fundamental and technical research analysts cover nearly 700

companies in a variety of industry sectors.

As testament to the high-caliber analysts who make up our equity

research group, Raymond James is regularly recognized with a

number of individual analyst awards in The Wall Street Journal’s

“Best on the Street.” In 2006, Raymond James Equity Research claimed

five awards in the Journal’s “Best on the Street” survey that ranked 72

firms after evaluating analysts from more than 280 sell-side firms.

Raymond James has a long-standing reputation for high quality,

independent research. Raymond James’ stock picks performed better

than those of 11 other brokers over both the short and long term,

reported Worth magazine in 2006, quoting from a Zacks Investment

Research study that ranked Raymond James first among the 12

brokerage firms evaluated for stock-picking prowess. The firm

also ranked second among small- and mid-cap fund managers in

Greenwich Associates’ 2006 Quality Index study.

equItY ReseaRCh

9Past performance does not guarantee future results. The Wall Street Journal does not sponsor, endorse or approve Raymond James & Associates’ investment programs.

During the seven-year period reviewed by Zacks Investment Research, Raymond James recommended 463 securities through its Focus List. Of these 220 advanced and 243 declined. Performance noted in the study includes dividends and a 1% trading commission on additions and deletions. Individual results will vary and an investor would incur commissions (and interest charges if transacted in a margin account) to transact these recommendations. A complete record of all Focus List recommendations since 1998 is available upon request. The results should not and cannot be viewed as an indicator of future performance. The market value of securities fluctuates and investors may incur profits or losses.

The Greenwich Quality Index measures overall small-cap and mid-cap equities sales and research quality among United States institutions. Investing in small-cap and mid-cap equities generally involves greater risks and may not be appropriate for everyone.

Raymond James is regularly recognized with a number of individual analyst awards

in The Wall Street Journal’s “Best on the Street.”

Page 12: equity Capital markets - Raymond · PDF fileSince 1969 4 Raymond James Investment Banking serves the capital and strategic advisory needs of today’s emerging growth companies. Employing

sales

Through 11 domestic and international offices, and with a research-driven

approach, the Raymond James Institutional Sales division provides service

to some of the world’s leading institutions in the United States and Europe,

with particular emphasis on money managers who focus on small- to medium-

market capitalization companies. Our institutional sales force currently covers

more than 1,800 active domestic and international accounts, which complements

our broad retail distribution network.

trading

With its team of experienced professionals, the Raymond James Institutional

Trading division is organized into areas of specialization to most efficiently

accommodate a full range of order execution and trading flow. Committed to

market making for our corporate clients, our sales trading professionals service

more than 1,000 active accounts, and provide primary and backup coverage

to designated regions throughout North America and Europe. Composed

of industry-focused teams, our OTC Principal Trading department makes

markets in more than 260 domestic stocks, most of which are covered by our

Equity Research department.

InstItutIonal sales & tRadIng

1211

Worth magazine in 2006 reported that a Zacks Investment Research study ranked Raymond James

first among 12 national brokerage firms for both its short-term and long-term stock picking abilities.

Page 13: equity Capital markets - Raymond · PDF fileSince 1969 4 Raymond James Investment Banking serves the capital and strategic advisory needs of today’s emerging growth companies. Employing

sales

Through 11 domestic and international offices, and with a research-driven

approach, the Raymond James Institutional Sales division provides service

to some of the world’s leading institutions in the United States and Europe,

with particular emphasis on money managers who focus on small- to medium-

market capitalization companies. Our institutional sales force currently covers

more than 1,800 active domestic and international accounts, which complements

our broad retail distribution network.

trading

With its team of experienced professionals, the Raymond James Institutional

Trading division is organized into areas of specialization to most efficiently

accommodate a full range of order execution and trading flow. Committed to

market making for our corporate clients, our sales trading professionals service

more than 1,000 active accounts, and provide primary and backup coverage

to designated regions throughout North America and Europe. Composed

of industry-focused teams, our OTC Principal Trading department makes

markets in more than 260 domestic stocks, most of which are covered by our

Equity Research department.

InstItutIonal sales & tRadIng

1211

Worth magazine in 2006 reported that a Zacks Investment Research study ranked Raymond James

first among 12 national brokerage firms for both its short-term and long-term stock picking abilities.

Page 14: equity Capital markets - Raymond · PDF fileSince 1969 4 Raymond James Investment Banking serves the capital and strategic advisory needs of today’s emerging growth companies. Employing

private Client group

Raymond James Financial’s domestic and international broker/dealer network

of more than 5,000 financial advisors – one of the largest in the nation – creates an

extensive distribution channel central to serving the needs of corporate issuers.

Corporate debt

Our Corporate Debt Origination and Structuring group, in conjunction with the

firm’s Fixed Income department, has the ability to bring new fixed income issues

to market. With focus on sectors for which we have a commitment to research and

investment banking, we have also expanded the scope of our high-yield effort.

Segmented into divisions – Taxable Fixed Income, Public Finance, Municipal

Fixed Income and Fixed Income Banking – the Raymond James Fixed Income

department is comprised of more than 200 associates. Among them are 100 sales

professionals providing service to more than 2,400 institutional accounts, 19 senior

institutional traders managing approximately $4 billion in monthly sales, and 19

seasoned professionals focusing on high-yield and municipal debt.

pRIvate ClIent gRoup & CoRpoRate deBt

13

broker/dealer network of more than 5,000 financial advisors creates

an extensive distribution channel central to serving the needs of corporate issuers.

Raymond James Financial’s domestic and international

Page 15: equity Capital markets - Raymond · PDF fileSince 1969 4 Raymond James Investment Banking serves the capital and strategic advisory needs of today’s emerging growth companies. Employing

private Client group

Raymond James Financial’s domestic and international broker/dealer network

of more than 5,000 financial advisors – one of the largest in the nation – creates an

extensive distribution channel central to serving the needs of corporate issuers.

Corporate debt

Our Corporate Debt Origination and Structuring group, in conjunction with the

firm’s Fixed Income department, has the ability to bring new fixed income issues

to market. With focus on sectors for which we have a commitment to research and

investment banking, we have also expanded the scope of our high-yield effort.

Segmented into divisions – Taxable Fixed Income, Public Finance, Municipal

Fixed Income and Fixed Income Banking – the Raymond James Fixed Income

department is comprised of more than 200 associates. Among them are 100 sales

professionals providing service to more than 2,400 institutional accounts, 19 senior

institutional traders managing approximately $4 billion in monthly sales, and 19

seasoned professionals focusing on high-yield and municipal debt.

pRIvate ClIent gRoup & CoRpoRate deBt

13

broker/dealer network of more than 5,000 financial advisors creates

an extensive distribution channel central to serving the needs of corporate issuers.

Raymond James Financial’s domestic and international

Page 16: equity Capital markets - Raymond · PDF fileSince 1969 4 Raymond James Investment Banking serves the capital and strategic advisory needs of today’s emerging growth companies. Employing

Ballast point ventures

Five principals with nearly 100 years of combined investment, operating and

transaction experience direct Ballast Point Ventures. A venture capital fund

established to provide expansion capital for rapidly growing, privately owned

companies in diverse industries, Ballast Point places particular emphasis on

businesses located in the Southeast and Texas.

With a focus on industries that the principals believe have favorable growth

and investment characteristics, and in which they have substantial knowledge

and experience, the fund provides expansion financing for existing businesses,

acquisition financing, management-led buyouts of growth companies, recapi-

talizations of rapidly growing private companies, and may provide liquidity

to one or more of the company’s existing shareholders.

Raymond James Capital

Raymond James Capital is the merchant banking division of Raymond James

Financial. The fund invests in the recapitalization or management buyouts

of established businesses, with additional capital available to fund the future

growth of its portfolio companies. Together, the fund’s principals have more

than 50 years of private equity, investment banking and senior corporate

operating experience.

16

Corporate and executive services

The Raymond James Corporate and Executive Services group is committed

to providing corporate clients and their management teams and owners with

integrated solutions designed to meet their individual or corporate objectives via

a full range of equity trading, wealth protection and financial planning services.

The Raymond James Equity Services team interfaces with our institutional

trading professionals to provide directors, officers, management and employees

of our corporate clients with a complete suite of sophisticated proprietary

trading services. Specialties include employee stock option plan (ESOP)

transactions, cashless option exercises, restricted securities transactions,

Rule 144 execution, corporate share repurchase programs and more.

With services ranging from collars and prepaid forwards to restricted stock

lending and purchase, the Equity Hedging team provides hedging and

monetization strategies for clients with concentrated equity positions.

Finally, our Wealth Management team draws on the vast array of resources

throughout our firm to craft personal solutions tailored to the needs of

corporate executives and business owners. Our services include financial

and estate planning, tax planning, portfolio design and management,

alternative investments and more.

and moRe

15

Page 17: equity Capital markets - Raymond · PDF fileSince 1969 4 Raymond James Investment Banking serves the capital and strategic advisory needs of today’s emerging growth companies. Employing

Ballast point ventures

Five principals with nearly 100 years of combined investment, operating and

transaction experience direct Ballast Point Ventures. A venture capital fund

established to provide expansion capital for rapidly growing, privately owned

companies in diverse industries, Ballast Point places particular emphasis on

businesses located in the Southeast and Texas.

With a focus on industries that the principals believe have favorable growth

and investment characteristics, and in which they have substantial knowledge

and experience, the fund provides expansion financing for existing businesses,

acquisition financing, management-led buyouts of growth companies, recapi-

talizations of rapidly growing private companies, and may provide liquidity

to one or more of the company’s existing shareholders.

Raymond James Capital

Raymond James Capital is the merchant banking division of Raymond James

Financial. The fund invests in the recapitalization or management buyouts

of established businesses, with additional capital available to fund the future

growth of its portfolio companies. Together, the fund’s principals have more

than 50 years of private equity, investment banking and senior corporate

operating experience.

16

Corporate and executive services

The Raymond James Corporate and Executive Services group is committed

to providing corporate clients and their management teams and owners with

integrated solutions designed to meet their individual or corporate objectives via

a full range of equity trading, wealth protection and financial planning services.

The Raymond James Equity Services team interfaces with our institutional

trading professionals to provide directors, officers, management and employees

of our corporate clients with a complete suite of sophisticated proprietary

trading services. Specialties include employee stock option plan (ESOP)

transactions, cashless option exercises, restricted securities transactions,

Rule 144 execution, corporate share repurchase programs and more.

With services ranging from collars and prepaid forwards to restricted stock

lending and purchase, the Equity Hedging team provides hedging and

monetization strategies for clients with concentrated equity positions.

Finally, our Wealth Management team draws on the vast array of resources

throughout our firm to craft personal solutions tailored to the needs of

corporate executives and business owners. Our services include financial

and estate planning, tax planning, portfolio design and management,

alternative investments and more.

and moRe

15

Page 18: equity Capital markets - Raymond · PDF fileSince 1969 4 Raymond James Investment Banking serves the capital and strategic advisory needs of today’s emerging growth companies. Employing

Raymond James Investment Banking employs the

deep industry expertise of its specialty groups – in

coordination with one of the most respected Equity

Research departments on Wall Street – to provide

strategic planning and financial solutions for growth

companies. With more than 500 equity and debt

capital markets professionals and a Private Client

Group of more than 5,000 financial advisors, we

have the resources to meet your company’s capital

and advisory needs.

For more information on how Raymond James

Investment Banking can help your company achieve

its strategic objectives, please contact us today.

Page 19: equity Capital markets - Raymond · PDF fileSince 1969 4 Raymond James Investment Banking serves the capital and strategic advisory needs of today’s emerging growth companies. Employing

Raymond James Investment Banking employs the

deep industry expertise of its specialty groups – in

coordination with one of the most respected Equity

Research departments on Wall Street – to provide

strategic planning and financial solutions for growth

companies. With more than 500 equity and debt

capital markets professionals and a Private Client

Group of more than 5,000 financial advisors, we

have the resources to meet your company’s capital

and advisory needs.

For more information on how Raymond James

Investment Banking can help your company achieve

its strategic objectives, please contact us today.

Page 20: equity Capital markets - Raymond · PDF fileSince 1969 4 Raymond James Investment Banking serves the capital and strategic advisory needs of today’s emerging growth companies. Employing

the Raymond James Financial Center

880 Carillon parkway I st. petersburg, Fl 33716

727-567-1000 I 800-248-8863 I rjcapitalmarkets.com

atlanta I Boston I Chicago I dallas I houston I los angeles I nashville I new York I palo alto I st. petersburg

Brussels I düsseldorf I geneva I london I paris

©2008 Raymond James & Associates, Inc., member New York Stock Exchange/SIPC . 34680108 DW/ML 1/08