BALTIMORE – Signal Hill Capital Group LLC, announced today that effective August 1, 2011, it will focus on its core investment banking advisory business and no longer provide capital markets related services, including institutional sales, trading and research. A majority of the capital markets team has agreed to join Wunderlich Securities, effective immediately.
As the growth of the firm's M&A and private capital business has continued to outpace the progress of the capital markets business, Signal Hill has decided to focus exclusively on providing the high quality advisory services for which it has a gained a national reputation for executing transactions of consequence. The firm will continue to benefit from the talents of more than 50 banking professionals committed to delivering unparalleled advice to growth companies and their investors.
Scott Wieler, Chairman of Signal Hill, commented: "Signal Hill has always been an advisory boutique with particular focus and expertise in Education, Technology, Media, Telecommunications, and Business and Healthcare Services. Our 2010 merger with Updata Advisors exceeded our expectations and has greatly augmented our ability to provide services to our technology clients. With 40 advisory and private capital transactions closed since 2010, our backlog and momentum in investment banking continues to build." He added: "We are all enormously proud of what our capital markets professionals were able to accomplish, especially during the past few years of market turmoil and unprecedented change and know that they will be successful at Wunderlich."
About Signal Hill
Signal Hill is a privately-held investment banking partnership with a sole focus on growth companies. Our professionals have deep expertise in Information Technology, Media & Internet, Telecom Services & Internet Infrastructure, Communications, Education & Business Services, and Healthcare Services. Signal Hill has more than 50 professionals across five offices in Baltimore, Nashville, New York, Reston and San Francisco. For further information, please visit our website www.signalhill.com or contact Linda Grinwis at 443-478-2404.
About Wunderlich Securities, Inc
Established in 1996, Wunderlich Securities is a full-service brokerage firm based in Memphis, Tennessee. Wunderlich Securities caters to individual and institutional clients with financial advisory, brokerage, equity research and investment banking services. Wunderlich Fixed Income Capital Markets formerly known as Fundamental Capital Markets and Fundamental Brokers Inter-Dealer, serves institutional clients with fixed income brokerage services. The Firm operates in 24 offices across 14 states and employs over 450 professionals. For more information about the organization, please visit our website at www.wunderlichsecurities.com.
Signal Hill to Focus on Core Investment Banking Advisory Business