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Scoop: Kapp Leaves Stifel, Nicolaus and Jumps To Citi–UPDATED

Posted on: May 16, 2011 by Luisa BeltranNo Comments »

Peter Kapp has left Stifel, Nicolaus & Co. and is rejoining Citigroup, sources say.

Kapp’s first day back at Citi will be Monday, one person says. He will be joining Citi’s depositary institutions investment banking team that is headed by Tom Heath. Kapp, who will report to Heath, will be an MD focused on large and mid-cap banks nationwide, the source says.

BDCs Bulk Up to Serve Middle-Market Companies Snubbed by Banks

Posted on: December 13, 2010 by Steve BillsNo Comments »

Taking advantage of a strengthening stock market and a lending market where many borrowers struggle to find financing, several business development companies (BDCs) are taking steps to fortify their financial positions.

BDCs are closed-end investment funds that are publicly traded on stock exchanges. Designed to provide capital to privately owned businesses, they can provide both equity and debt financing.

Healthier BDCs, led by Ares Capital Corp., are issuing stock and reducing their debt, while other such lenders, including American Capital Ltd., are taking other steps to shore up their capital positions.

Merrill’s Media PE Chief Joins Stifel

Posted on: June 26, 2009 by PEHub AdministratorNo Comments »

Stifel, Nicolaus & Co. has named Victor Nesi as director of investment banking and co-director of capital markets. He was previously with Merrill Lynch, as head of the firm’s global private equity practice for the telecommunications and media industry.

Kent Carstater Joins Stifel, Nicolaus

Posted on: January 7, 2009 by PEHub AdministratorNo Comments »

Kent Carstater has joined Stifel, Nicolaus & Co. as a managing director in the firm’s Financial Institutions practice. He previously was with Resource America Inc., where he served as president of a private equity subsidiary.