TORONTO and CALGARY, Aug. 18 /CNW/ - Versant Partners Inc. ("Versant")
and Calgary-based energy banking boutique Petersen Capital Corp. ("Petersen
Capital") are pleased to announce the merger of their companies. The combined
firm will operate under the Versant name, and will expand its Calgary office
to include research, sales and trading, complementing the banking team at
"Versant is committed to building an energy practice and we're excited to
enter the sector with a strong team led by veteran banker Brian Petersen,"
said Versant Chairman and Chief Executive Mike Jams.
"Brian's deep relationships in Calgary and internationally, and his
experience in equity capital markets and M&A give us an immediate foothold in
energy," Jams said. "Just as important, his reputation as a trusted advisor to
public and private companies of all sizes fits with our culture of quality and
integrity throughout our business."
Petersen will become President and Head of Investment Banking of Versant.
"Joining forces with Versant is an opportunity to leverage our advisory and
private capital practice by bringing an even broader range of services to our
clients, and provide greater investment banking capabilities to Versant's
existing corporate clients," said Petersen. "We look forward to building on
Versant's strong partnership culture, institutional reputation and
Versant is also pleased to announce the addition of analyst Mark Friesen,
CFA, to its equity research group. Friesen, who assumes the title of Managing
Director, will be based in Calgary and will focus on mid and large cap E&P
companies. He is a top-ranked analyst cited as a "Rising Star" by Brendan Wood
in 2008, formerly with TD Securities, FirstEnergy and BMO Nesbitt Burns.
The combination of Versant and Petersen Capital is expected to formally
close on September 1, 2009.
Brent Ludwig, of Ludwig Financial Recruitment in Calgary, provided
critical transaction support and advisory services in the merger and hiring of
Versant Partners (www.versantpartners.com), and subsidiary Versant USA,
is a full service investment bank serving institutional money managers and
growth companies across all market caps. The employee-owned firm is built on a
foundation of integrity and performance at all levels, and is best known for
the depth and quality of its research and trading ideas. Core sectors are
software & IT, healthcare & biotech, alternative energy, aerospace,
industrials, infrastructure and mining. Versant has offices in Toronto and
Petersen Capital Corporation (www.petersencapitalcorp.com) is an
employee-owned, Calgary-based boutique investment bank providing advisory and
capital-raising services with a focus on the energy and resource sectors. The
firm is known for delivering specialized advice and unique opportunities from
an independent perspective to small and large cap, public and private
companies in Canada and internationally.
For further information:
For further information: Mike Jams, Chairman and CEO, Versant Partners,
(416) 363-5757, (514) 845-8111; Brian Petersen, President and Managing
Director, Petersen Capital Corporation, (403) 781-7925