Untitled Document
Untitled Document

Pritchard Capital Partners, Global Hunter Securities to merge

Pritchard Capital Partners, an energy investment bank and institutional financial services firm, and Global Hunter Securities, a global investment bank, have signed a letter of intent to form Pritchard Global Hunter Securities, a full-service energy-focused investment bank.

The combined firm will offer a full range of investment-banking services targeted toward small- to mid-cap energy. The combination brings together two energy banks: Pritchard Capital, with a strong sales-and-trading and research base and an equity-focused investment-banking group; and Global Hunter Securities, whose investment bankers have significant experience in structuring and distributing equity and debt securities for energy companies.

Thomas Pritchard, managing partner and founder of Pritchard Capital, said, "We are expanding our investment-banking capabilities to include both equity and debt offerings and will continue to provide best-of-class research and sales-and-trading operations throughout the energy sector. Together, we are building a preeminent energy investment bank, which will deliver bulge-bracket execution with a boutique focus."

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.

The strategic rationale behind the decision was to expand into the investment banking and energy sectors.

Pritchard Global Hunter Securities will solidify the two companies' presence in the energy sector. This transaction increases Pritchard Capital's exploration and production portfolio, while also expanding its investment-banking capabilities and presence in other energy verticals that include oilfield services and alternative energy.

Added Daniel Conwill, "Our expertise and relationships in energy-based investment banking, combined with Pritchard's research and sales and trading experience will make us one of the leading energy banks in the US, with a base in the South, where there has been a long history of energy-related investment banking." After five years at Howard Weil, Conwill founded the energy investment banking group at Jefferies & Co., where his team completed over 150 transactions in 12 years.

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.
 

Related Articles

Penn Virginia acquires Eagle Ford Shale assets

07/10/2014 Penn Virginia Corp. (NYSE:PVA) has entered into a definitive agreement to acquire approximately 13,125 (11,660 net) Eagle Ford Shale acres in Lavaca County, Texas for approximately $45 million.

Gulfport Energy names Gaydosik CFO

07/10/2014

Gulfport Energy Corp. has appointed Aaron Gaydosik to serve as CFO. Most recently, Gaydosik served as vice president of finance at Kodiak Oil & Gas Corp.

Law firm Jackson Kelly adds attorneys focused on oil and gas

07/10/2014 Jackson Kelly PLLC has moved its Ohio office from Canton to Akron and has added established Akron attorneys Mark Bernlohr, Clay Keller, and J. Alex Quay, who will practice in the firm’s Industrial,...

Diamond Offshore Drilling names Woll as SVP and chief commercial officer

07/09/2014 Diamond Offshore Drilling Inc. has named Ronald Woll as senior vice president and chief commercial officer. Based in Houston, Woll will have oversight of company marketing and contract acquisition ...

Pioneer Natural Resources appoints two new board members

07/08/2014

Pioneer Natural Resources Co. reports that Phillip A. Gobe and Royce W. Mitchell have been appointed to its board of directors.

More Oil & Gas Financial Articles

Penn Virginia acquires Eagle Ford Shale assets

Thu, Jul 10, 2014

Penn Virginia Corp. (NYSE:PVA) has entered into a definitive agreement to acquire approximately 13,125 (11,660 net) Eagle Ford Shale acres in Lavaca County, Texas for approximately $45 million.

Gulfport Energy names Gaydosik CFO

Thu, Jul 10, 2014

Gulfport Energy Corp. has appointed Aaron Gaydosik to serve as CFO. Most recently, Gaydosik served as vice president of finance at Kodiak Oil & Gas Corp.

Law firm Jackson Kelly adds attorneys focused on oil and gas

Thu, Jul 10, 2014

Jackson Kelly PLLC has moved its Ohio office from Canton to Akron and has added established Akron attorneys Mark Bernlohr, Clay Keller, and J. Alex Quay, who will practice in the firm’s Industrial, Environmental and Complex Litigation Practice Group.

 

Diamond Offshore Drilling names Woll as SVP and chief commercial officer

Wed, Jul 9, 2014

Diamond Offshore Drilling Inc. has named Ronald Woll as senior vice president and chief commercial officer. Based in Houston, Woll will have oversight of company marketing and contract acquisition activities.

Pioneer Natural Resources appoints two new board members

Tue, Jul 8, 2014

Pioneer Natural Resources Co. reports that Phillip A. Gobe and Royce W. Mitchell have been appointed to its board of directors.

Most Popular

Oil & Gas Jobs

Search More Job Listings >>
Subscribe to OGFJ