ARLINGTON, Va., Sept. 11 /PRNewswire-FirstCall/ -- FBR Capital Markets Corporation (FBR Capital Markets), a leading investment bank serving the middle market, announced today that on August 31, 2009, it completed its previously announced acquisition of Watch Hill Partners LLC, a boutique corporate finance advisory practice based in New York. The Watch Hill Partners team is now part of FBR Capital Markets'' Investment Banking department.
Terms of the Watch Hill Partners transaction were not disclosed. Watch Hill Partners was represented by Keefe, Bruyette & Woods and Herrick, Feinstein LLP.
FBR Capital Markets Corporation provides investment banking, merger and acquisition advisory, institutional brokerage and research services through its subsidiary FBR Capital Markets & Co. FBR Capital Markets focuses capital and financial expertise on seven industry sectors: consumer; diversified industrials; energy & natural resources; financial institutions; insurance; real estate; and technology, media & telecom. Asset management services are provided by FBR Investment Management, Inc., and mutual funds are provided by FBR Fund Advisers, Inc.; both companies are subsidiaries of FBR Capital Markets Corporation. FBR Capital Markets is headquartered in the Washington, D.C. metropolitan area with offices throughout the United States and in London. For more information, please visit http://www.fbrcapitalmarkets.com/.
FBR Capital Markets Corporation
CONTACT: Media: Troy D. Gravitt, +1-703-469-1004, tgravitt@fbr.com, or
Investors: Bradley J. Wright, +1-703-469-1080, fbcmir@fbr.com, both of FBR
Capital Markets Corporation
Web Site: http://www.fbrcapitalmarkets.com/
