Equity Capital Markets
BRV’s Equity Capital Markets (ECM) group undertakes the origination, structuring, marketing and pricing of public offerings and private placements of equity and equity-related securities. ECM also advises institutional clients on financing strategies in the context of merger and acquisition activity and public market restructurings and monetization programs.
BRV employs a multi-tiered distribution strategy and focuses on Tier II and III investors in addition to its strong relationships with large Tier I accounts. This strategy helps clients to diversify their investor base and simultaneously add stability to the market values of securities.
Follow On and Initial Public Offerings
Our team recently worked with a breadth of major corporations to bring to market several prominent new equity offerings, including co-managing Warner Music’s $554 million initial public offering, Genworth’s $2.1 billion follow-on offering, Global Signal’s $176 million follow-on offering and JetBlue’s $250 million convertible offering. Our underwriting experience also includes participating in several of the largest recent equity transactions, including Google’s $1.7 billion IPO, Freescale Semiconductor’s $1.6 billion IPO, Huntsman Corp.’s $1.4 billion IPO and Dex Media’s $1.0 billion IPO.
Share Repurchase
BRV has the experience, track record and infrastructure to help achieve our client’s share purchase objectives. BRV’s extensive experience in executing share repurchase programs for America’s leading corporations such as GE, Boeing and Chevron. We have amassed a solid track record of outstanding execution in share repurchases. We frequently complete repeat rotations. We employ a comprehensive team approach, allowing BRV to leverage its full resources to deliver on behalf of our corporate clients.
In addition, BRV can implement any of several share repurchase strategies, including:
- Open Market Purchase
- BRV Structured Hybrid Equity
- BRV Structured Capped Hybrid Equity
- Accelerated Repurchase “ASR”
- Dutch Auction / Fixed Price Tender
Equity Capital Markets / Syndicate
Fred Royall, Sr. Vice President – Investment Banking Syndicate
Mr. Fred Royall has 10 years of capital markets experience. He has executed over 40 transactions for clients including GECC, Google, Meruelo Maddux Properties, Garmin Ltd., Genworth Financial, and Charles River Laboratories. Before joining the firm he was a senior associate in the equity capital markets group at Credit Suisse First Boston. Mr. Royall began his career at Merrill Lynch & Co. and is a graduate of Columbia Business School.