American Discovery Capital has acquired Clear Capital Advisors, an investment banking firm specializing in mergers and acquisitions, private capital placement and restructurings. No financial terms were disclosed. And, Bruce Pompan, a founder of Clear Capital, has become a partner at American Discovery Capital.
LOS ANGELES–(BUSINESS WIRE)–American Discovery Capital announced today that it has acquired Clear Capital Advisors. Bruce Pompan, founder of Clear Capital Advisors, has become a Partner at American Discovery Capital and is joined by Clear Capital’s Susan Goodell Goldman and other members of its investment banking team.
American Discovery Capital (ADC) is an independent merchant banking firm providing Merger & Acquisition, Restructuring and Capital Raising advisory services as a FINRA-registered broker-dealer. ADC also makes principal investments in leading family-owned and middle-market companies in selected high-growth sectors through American Discovery Fund, LP.
Clear Capital Advisors is an investment banking firm specializing in mergers and acquisitions, private capital placement, restructurings, and providing strategic advisory services for middle market companies across the U.S. Clear Capital’s founder, Bruce Pompan, was recognized as a “Top Private Equity Advisor” for 2020 by the Los Angeles Business Journal.
Both American Discovery Capital and Clear Capital Advisors are based in Los Angeles. Terms of the acquisition were not disclosed.
“This acquisition by ADC of Clear Capital Advisors helps position us as a leading investment banking and advisory services provider on the West Coast,” said Brian Webber, founding partner of ADC.
John Joliet, also a founding partner of ADC, added, “Bruce and the Clear Capital team bring a ten-year track record of success, with dozens of successful advisory assignments and deep expertise across complementary industry sectors. They will help expand ADC’s network with institutional investors, potential clients, and additional investment opportunities.”
“Joining forces with ADC will extend the breadth of relationships and expertise that we can deliver to clients,” said Bruce Pompan. “I have been extremely impressed with the quality of ADC’s professionals and the firm’s successes since inception. I’m very excited to have the dual capabilities of an independent merchant bank combined with our best-in-class advisory services.”
Clear Capital Advisors has successfully completed dozens of advisory assignments of closely held growth companies since its inception in 2010. Examples include the majority recap of Quality Built led by Gallant Capital Partners, the sale of LAC Group to TZP Growth Partners, the recapitalization of New Wave Entertainment, the sale of Los Angeles–based CompuLaw to a portfolio company of Vista Equity Partners, the sale of San Diego-based Extrameasures to Blackhawk Network, and a recent $125+ million private placement for Santa Monica-based Watt Funding. Clear Capital Securities LLC and certain other assets owned by Clear Capital Advisors LP were not included in the transaction.
American Discovery Capital will move into its newly expanded headquarters in Los Angeles soon.
ABOUT AMERICAN DISCOVERY CAPITAL
American Discovery Capital (ADC) is an independent merchant banking firm focused on principal investments in leading family-owned and middle-market companies in selected high-growth sectors. Our Founding Partners and professionals have decades of transactional, operational, capital markets and private equity experience, including as global heads of leading businesses at some of the world’s preeminent financial institutions, including UBS Investment Bank, Merrill Lynch, Lehman Brothers, Donaldson Lufkin & Jenrette and Moelis & Company. In addition to growth capital, ADC assists clients with industry experience, operational execution and an extensive network of professional relationships.
Through Discovery Advisors, our Advisory / M&A activities focus on providing financial analysis and advisory services for a select number of clients in these sectors, including corporate sales, divestitures, mergers, acquisitions, joint venture/partnership, and private capital solutions. For over two decades, our Founding Partners have advised middle-market clients, private equity firms, and large domestic and international corporations on hundreds of the largest and most prominent M&A and capital markets transactions representing tens of billions of dollars of transaction value.