Finance:Pacific Crest Securities

From HandWiki

Pacific Crest Securities was an independent investment bank.[1][2]

History

The firm was founded in 1990 initially focused on the Pacific Northwest region then in 1998 the firm shifted to focus solely on the global technology sector in institutional equities (research, sales, trading) and investment banking (mergers and acquisitions and public offerings).[3][4] Scott Sandbo was chairman and CEO, George Glass was president. Pacific Crest was recognized by Institutional Investor and Greenwich Associates for its technology research.[5][6][7]

Pacific Crest was an active managing underwriter for technology initial public offerings including Alibaba,[8] Facebook[9] and Workday.[10]

In 2010 Pacific Crest established an annual survey to provide benchmark information to private SaaS companies' operational and financial metrics.[11][12] The SaaS survey has become a standard for reporting growth rates, margins and customer acquisition data for private SaaS companies[13][14][15]

In 2011 Pacific Crest acquired Shanghai-based investment research firm, Pacific Epoch, from Goldman Sachs to provide data and perspectives on the dynamics impacting the technology landscape in China.[16]

In July 2014, KeyCorp's investment banking unit, KeyBanc Capital Markets (KBCM), announced its intention to acquire Pacific Crest and Pacific Crest was merged into KBCM in 2015.[17][18]

At the time of the acquisition, Pacific Crest Securities had 170 employees in their offices worldwide.[19]

References

  1. ↑ "BrokerCheck - Find a broker, investment or financial advisor". https://brokercheck.finra.org/firm/summary/6619#disclosuresSection. 
  2. ↑ "Pacific Crest Securities Llc SEC Registration". https://sec.report/CIK/0000039782. 
  3. ↑ Veverka, Mark. "Fewer, Cheaper Exits for Tech" (in en-US). https://www.wsj.com/articles/SB122186335502658453. 
  4. ↑ "Institutional clients eat up Pacific Crest research". 2000-05-06. https://www.bizjournals.com/portland/stories/2001/05/07/focus4.html. 
  5. ↑ "Pacific Crest Securities among 'best of boutique'". https://www.bizjournals.com/portland/stories/2004/12/13/daily46.html. 
  6. ↑ "The sunny side of the Street" (in en-gb). https://www.institutionalinvestor.com/article/b151359ts1x8d8/the-sunny-side-of-the-street. 
  7. ↑ "Concentrated effort: The best of the boutiques and regionals" (in en-gb). https://www.institutionalinvestor.com/article/b15135pcx15vtb/concentrated-effort-the-best-of-the-boutiques-and-regionals. 
  8. ↑ "424(B)(4)". https://www.sec.gov/Archives/edgar/data/1577552/000119312514347620/d709111d424b4.htm. 
  9. ↑ "Facebook adds 25 more underwriters for IPO" (in en). Reuters. 2012-03-08. https://www.reuters.com/article/us-facebook-underwriters-idINTRE82625420120308. 
  10. ↑ "Form S-1". https://www.sec.gov/Archives/edgar/data/1327811/000119312512375787/d385110ds1.htm. 
  11. ↑ Skok, David (2016-10-17). "2016 Pacific Crest SaaS Survey – Part 1" (in en-US). https://www.forentrepreneurs.com/2016-saas-survey-part-1/. 
  12. ↑ Columbus, Louis. "Lessons Learned From The 2013 Pacific Crest SaaS Survey" (in en). https://www.forbes.com/sites/louiscolumbus/2013/09/16/lessons-learned-from-the-2013-pacific-crest-saas-survey/. 
  13. ↑ "SaaS Results and Benchmark Data from Pacific Crest | OpenView Labs" (in en-US). https://openviewpartners.com/blog/pacific-crest-saas-survey-results-benchmarking-data/. 
  14. ↑ "Customer Success Takeaways from the Pacific Crest SaaS CEO Survey" (in en-US). 2015-12-03. https://www.gainsight.com/blog/8-customer-success-takeaways-from-the-2015-pacific-crest-saas-ceo-survey/. 
  15. ↑ (in en-US) David Spitz, Managing Director at Pacific Crest Securities: Measure Your Success: Tell Your Story Using SaaS Metrics (Video + Transcript) | SaaStr, 2018-01-29, https://www.saastr.com/david-spitz-managing-director-pacific-crest-securities-measure-success-tell-story-using-saas-metrics/, retrieved 2021-12-13 
  16. ↑ "Pacific Crest Securities Buys Shanghai-based Bank to Help Navigate the China Web Chaos" (in en-US). https://social.techcrunch.com/2011/05/12/pacific-crest-securities-buys-shanghai-based-bank-to-help-navigate-the-china-web-chaos/. 
  17. ↑ Johnson, Andrew R. (2014-07-17). "KeyCorp to Buy Pacific Crest Securities as Profit Rises" (in en-US). Wall Street Journal. ISSN 0099-9660. https://www.wsj.com/articles/keycorp-to-buy-pacific-crest-securities-as-profit-rises-1405594891. 
  18. ↑ "Key locks up Pacific Crest Securities deal". https://www.bizjournals.com/portland/morning_call/2014/09/key-locks-up-pacific-crest-securities-deal.html. 
  19. ↑ Gellner, Arrol (2001-05-15). "ARCHITEXT: Investment bank Pacific Crest Securities opens Boston office • Daily Journal of Commerce" (in en-US). https://djcoregon.com/news/2001/05/15/architext-investment-bank-pacific-crest-securities-opens-boston-office/. 



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