Quarterdeck Investment Partners, Inc.
| Company type | Private |
|---|---|
| Industry | Financial services |
| Founded | 1992 |
| Founder | Jon B. Kutler |
| Defunct | June 21, 2004 |
| Fate | Acquired by Jefferies Group |
| Headquarters | , United States |
| Products | Mergers and acquisitions |
| Owner | Jefferies Group |
| Website | qtrdeck |
Quarterdeck Investment Partners, Inc. was an American boutique investment bank headquartered in Los Angeles, California which focused exclusively on advising clients in the global aerospace and defense sectors. The company was acquired in 2002 by US financial group, Jefferies Group and renamed Jefferies Quarterdeck.
The company was founded in 1992 by Jon B. Kutler, a former U.S. Naval officer and veteran Wall Street investment banker. Quarterdeck was one of the early pioneers in the successful concept of industry focused investment banking boutiques.
History
[edit]The firm quickly grew to four offices and the leading position in global league tables[1] for aerospace and defense merger and acquisition transactions. Quarterdeck advised both global prime contractors such as Lockheed Martin, The Boeing Company, BAE Systems and Northrop Grumman and well as mid-sized consolidators such as L-3 Communications.
In March, 2001, Kutler sold a minority investment in two subsidiaries, Quarterdeck Investment Partners, LLC and Quarterdeck Investment Partners, LTD to NYSE listed investment banking firm Jefferies Group Inc. As part of that transaction a joint venture company, Jefferies Quarterdeck LLC, was created to pursue capital market opportunities in the aerospace and defense sectors [2] In December 2002, Kutler sold the remaining shares of these Quarterdeck entities to Jefferies and remained as Chairman of the Jefferies Quarterdeck.[3]
In 2002, Quarterdeck was the first recipient of the annual Boutique Middle-Market Merger & Acquisition Firm of the Year award by Mergers and Acquisitions Advisor.[4]
In March, 2006, Kutler resigned to focus on the principal investment affiliate of Quarterdeck (Quarterdeck Equity Partners, Inc.) which he renamed Admiralty Partners, Inc.[5] He was replaced by Michael Richter and William Farmer, as Co-Heads of the Jefferies Quarterdeck group.[6]
References
[edit]- ^ Data from Securities Data Corporation for North America and Western Europe, excluding tender offers, self tenders and privatizations
- ^ Turning the Arms Industry's Scraps into Gold - Businessweek Archived May 23, 2011, at the Wayback Machine
- ^ Jefferies Group Acquires Quarterdeck - Los Angeles Times
- ^ M&A Advisor
- ^ Beltway Money Man: Jon Kutler - Forbes.com
- ^ Kutler launches private investment firm - Washington Technology