CLEVELAND, Aug. 10 /PRNewswire-FirstCall/ -- NatCity Investments Inc., the investment banking subsidiary of National City Corporation , today announced that it is further expanding its investment banking capabilities by purchasing the investment banking business assets of SSG Capital Advisors, L.P.
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SSG Capital Advisors is a nationally recognized investment bank that helps companies and their stakeholders complete challenging financial transactions, with a specialization in financial restructurings, merger and acquisition advisory, and private placement services. Terms of the transaction were not disclosed.
With offices in Philadelphia, New York and Cleveland, SSG Capital Advisors and its 16 professionals will become part of NatCity's Investment Banking Group, an investment bank focused on middle market transactions.
"We're proud to add the specialized expertise and capabilities that SSG offers," said Sean Dorsey, Senior Managing Director of NatCity's Investment Banking Group. "SSG has a strong track record of delivering investment banking solutions for clients facing operational and financial challenges, including turnarounds and bankruptcy reorganizations."
NatCity's Investment Banking Group assists clients with the evaluation and execution of strategic M&A solutions and financing alternatives.
About SSG Capital Advisors, L.P. (SSG)
SSG Capital Advisors specializes in financial restructurings, M&A and private placement services, offering the expertise clients need in today's complex and fast-moving financial markets. As a mid-size firm with a clear focus, SSG provides the personal attention of our senior partners, entrepreneurial spirit and agility in the marketplace that middle-market businesses expect.
About NatCity's Investment Banking Group
NatCity's Investment Banking Group is a middle market financial advisory practice that provides a wide range of investment banking and advisory services. The Investment Banking Group assists clients with the evaluation and execution of strategic M&A solutions and financing alternatives. Specifically, each of their clients receives highly responsive attention from experienced, senior investment bankers, as well as personalized service that ensures superior execution of unique solutions across the entire spectrum of investment banking mandates. Examples of transactions involving our Investment Banking Group are sell-side and buy-side M&A transactions, corporate divestitures, distressed and restructuring transactions, financing alternatives involving equity or junior debt, going private transactions, and valuations and fairness opinions.
About National City
National City Corporation , headquartered in Cleveland, Ohio, is one of the nation's largest financial holding companies. The company operates through an extensive banking network primarily in Ohio, Illinois, Indiana, Kentucky, Michigan, Missouri and Pennsylvania, and also serves customers in selected markets nationally. Its core businesses include commercial and retail banking, mortgage financing and servicing, consumer finance and asset management. For more information about National City, visit the company's Web site at http://www.nationalcity.com/.
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