Jean Tardy-Joube has joined tech-focused merchant bank Qatalyst Group as a partner and head of European investment banking. He previously was head of Merrill Lynch’s European tech group, and will help San Francisco-based Qatalyst open a London office.
Qatalyst Group, the technology-focused merchant banking boutique headquartered in San Francisco, announced today that Jean Tardy-Joubert, formerly Head of Merrill Lynch’s European Technology Group, will join the Firm as a Partner and Head of European Investment Banking. Tardy-Joubert will open Qatalyst’s London office, where he will advise technology companies and private investment firms on mergers & acquisitions, financings and strategic investments, and play a major role in the Firm’s global communications technology and semiconductor practices.
Frank P. Quattrone, Chief Executive Officer of Qatalyst Group said: “Jean is one of the most talented technology bankers of his generation, highly regarded by clients and colleagues, and a perfect fit with our culture of high impact, candid advice and excellent client service. We are delighted to welcome him to Qatalyst, and I am personally thrilled to be working with him again.”
Qatalyst Group provides high-end merger & acquisition and corporate finance advice to technology companies globally, and makes selective principal investments, typically alongside leading venture capital and private investment firms. Launched in March 2008, Qatalyst’s clients have included Google, which it advised on Microsoft’s $45 billion attempted hostile takeover of Yahoo!, and Brocade Communications Systems, which it advised on restructuring and completing the $2.6 billion acquisition of Foundry Networks. Mr. Quattrone began his investment banking career in 1977 and built successful Technology Investment Banking franchises at Morgan Stanley, Deutsche Bank and Credit Suisse First Boston (CSFB) prior to forming Qatalyst.
Mr. Tardy-Joubert, 39, started his banking career at Deutsche Bank in 1993, and brings more than 12 years of technology banking experience to Qatalyst, having led the European Technology Investment Banking Groups at Merrill Lynch and CSFB. His clients have included ADVA, Alcatel, Alvarion/Floware, Bosch, Cambridge Silicon Radio, ECI Telecom, Ericsson, Marconi, Nokia, NXP/Philips, Psion, Siemens, STMicroelectronics, Tenovis, Virata/Globespan, Vivendi, Wavecom, and Xyratex.
Carl-Henric Svanberg, CEO of LM Ericsson, commented: “Jean has been advising us on a series of strategic matters over the last few years. My team and I have very high regard for his industry knowledge and candid advice in the matters we have been involved in, and I have absolutely no doubt that his new venture with Qatalyst will be successful in Europe.”
Egon Durban, Managing Director of private investment firm Silver Lake commented: “We at Silver Lake have benefited from Jean’s deep sector knowledge and transaction expertise in evaluating and closing complicated European transactions. I look forward to working with Jean and the Qatalyst team on future projects.”
Advisory boutiques have gained increasing prominence on blockbuster M&A transactions over the past few years as CEOs and boards have valued objective, senior level advice from independent firms without the potential conflicts inherent in multi-service institutions with commercial lending, securities distribution and large private equity divisions. However, until the launch of Qatalyst in early 2008, there had not been a high-end advisory firm dedicated to the global technology industry.
“The formation of Qatalyst is great news for European technology companies,” said Hermann Hauser, co-founder and Director of Amadeus Capital Partners. “We at Amadeus – and our portfolio companies – need straight talk, free of the conflicted advice that sometimes exists. It’s important that there are advisors who know as much about the technology as they do about the financial structuring involved in any transaction. Jean has been one such advisor in the many years I have worked with him, and I anticipate that his partnership with Qatalyst will provide the strongest platform for him to continue delivering the type of advice he is best suited for.”
Charles Cotton, former CEO of Virata, commented: “Over my years as CEO of Virata, Jean was my most trusted advisor in the numerous transactions we completed to further our growth. With Jean’s expert assistance, Virata (founded in Cambridge UK) went public on NASDAQ, raised more than $600 million, acquired four companies and ultimately achieved a $5 billion market capitalisation. I am thrilled to see that Jean and Frank are back together again. Together they can provide a formidable advantage to their clients.”
“I have worked with both Jean and Frank many times in the last decade,” noted Anthony Maher, Chair of the Board of Alvarion, former senior executive of Siemens and Director of several publicly and privately held companies. “Their advice has been unfailingly astute and well-informed. Their combined knowledge of the technology industry is vast, solid and visionary. They continually see opportunities most miss. It’s difficult to think of a better team.”
“I have great respect for Jean,” said Karl-Henrik Sundstrom, Chief Financial Officer of NXP Semiconductors, “and value his deep industry knowledge, his contacts within the industry, and his optimistic, can-do attitude. I am confident that Qatalyst will be successful in Europe, as there is a great need here for the type of insightful, strategic advice that Jean is known for.”
Dr. Ronald Black, CEO of Wavecom, added: “Over the years, Jean has been a sounding board for us on a variety of issues facing both the company and the industry. Most recently, in late 2008, he and his team helped us to successfully defend against a hostile takeover. His knowledge of the sector and impressive worldwide network were key factors in the successful outcome.”
Qatalyst Group is a technology-focused merchant banking boutique headquartered in San Francisco, California. Qatalyst Partners, its investment banking business, provides high-end merger & acquisition and corporate finance advice to technology companies globally. Qatalyst Capital Partners, its investing business, makes selective principal investments, typically alongside leading venture capital and private investment firms.
Qatalyst Partners provides high quality, independent advice to the senior management teams and boards of the technology industry’s established and emerging leaders on strategic matters crucial to their growth and success. Qatalyst’s advisors combine a broad network of relationships with deep sector knowledge and seasoned M&A expertise to deliver a superior, senior level of service for clients who value experience, judgment, candor and insight. In addition to merger & acquisition advice, Qatalyst Partners employs its team’s extensive corporate finance and capital markets experience to advise companies on capital structure and capital raising alternatives, and will selectively raise private capital for clients. While it will not engage in public securities research, sales, trading or brokerage activities, Qatalyst Partners may participate as advisor or underwriter in clients’ public offerings. Qatalyst will be seeking authorization from the FSA prior to commencing business in the United Kingdom.