Promotions at Broadview

The bank has announced international promotions to demonstrate its commitment to the technology markets.

Broadview, the technology-focused mergers and acquisitions advisor and investment bank, has announced several promotions in the US and the UK.

In London, the firm has made Alex King a vice-president at Kennet Capital, its semi-captive private equity arm. King has worked on a number of Kennet investments including Cramer Systems and Volantis Systems and sits on the board of VDSL Systems. Prior to joining Kennet Capital, he was a consultant with Spectrum Strategy Consultants, an advisory firm.

In the US, Richard Vieira has been made a managing director at Broadview's network technology and software services & media divisions, where he will be working with David Garfinkel, who has been promoted to principal. Don Johnston has been made a principal in the group’s Silicon Valley office.

Paul Deninger, Chairman and CEO of Broadview Holdings LLP, said the appointments reflected Broadview's long-term commitment to the technology industry and the bank’s optimism regarding the marketplace.

Broadview has been significantly affected by the technology downturn. As a number of technology specialists have seen their once opulent revenue streams dries to a trickle, the bank recently played down reports that it had given Lazards, its financial adviser, a mandate to find a buyer for the bank. In the UK, the bank made it known in January that it had cut back on its capital allocation to Kennet’s second private equity fund by $35m to $15m.

Over the last three years, Broadview has completed 265 M&A transactions including 68 public-to-public deals worth a total of $51.bn, and raised $1.5bn in 32 private placements. Following job cuts in 2001, the bank has 200 employees at present.