|[October 07, 2013]
SenaHill Partners, the Financial Technology Sector's Merchant Bank Reaches Agreement with Sandler O'Neill + Partners
NEW YORK --(Business Wire)--
SenaHill Partners, L.P., the Financial Technology sector's Merchant
Bank, today announces that it has reached an agreement with Sandler
O'Neill + Partners, L.P. that is aimed at expanding the investment
banking reach of both firms within the rapidly evolving financial
technology sector. SenaHill is a Merchant Bank offering a full suite of
investment, operating, and advisory services. This agreement is a
significant step in its evolution into a full-service, vertically
"With the launch of our strategic advisory business, SenaHill Advisors,
LLC, and the addition of a perfect partner in Sandler O'Neill, we now
feel uniquely positioned to offer the most complete and complementary
suite of services to the entire industry," said SenaHill Managing
Partner Neil DeSena.
There has been a strong resurgence in financial technology innovation in
recent years. Today, technology represents the primary area of
investment for financial services companies and is seen as the driver of
new solutions for revenue sourcing, product differentiation and
regulatory compliance across the financial services sector. These trends
also point toward higher levels of investment and opportunities for
strategic and synergistic combinations.
SenaHill is positioned to be a key resource for financial technology
companies, helping them source capital, grow and execute their
strategies. "In just nine months, we have sourced and evaluated over 250
emerging financial technology growth companies," said SenaHill managing
partner Justin Brownhill. "With this agreement, we solidify our ability
to assist these companies throughout their life-cycle, from raising
early stage growth capital to executing an appropriate exit from an
investment, an initial public offering, and everything in between."
Founded in 2013 by prominent industry operators, SenaHill has already
established itself as a key ally to financial technology companies. "The
strategic and operational services that SenaHill offers separate us from
other merchant banks," DeSena said. "We are passionate about advising
both the innovative entrepreneurs and the ultimate institutional
end-customers or 'strategic users' of these products and services."
"Sandler O'Neill is committed to the financialtechnology space and this
is a fantastic opportunity for promising companies to leverage the broad
and powerful resources of the largest independent investment bank
focused on the financial services sector," Brownhill said. "SenaHill's
approach to source, invest, scale and now bank emerging financial
technology companies with the support of our comprehensive advisory
network of industry executives, creates a compelling value proposition."
"The powerful cycle of innovation and investment taking place in the
financial technology sector will influence all of financial services,"
said Brian Sterling, Principal and co-head of Sandler O'Neill's
Investment Banking Group. "We are truly excited to have this
relationship with SenaHill, its founding Partners, Neil and Justin, and
their colleagues. We look forward to further expanding our advisory
business in this growing and vibrant sector."
SenaHill also announced that industry veteran and entrepreneur Kyle
Zasky, who co-founded U.S. agency technology broker-dealer EdgeTrade,
has joined the firm. Zasky is a former Managing Director at Knight
Capital Group, where he was co-head of KnightDirect, the company's
institutional electronic trading group. SenaHill also named Gregg
Sharenow its Chief Financial Officer. Sharenow was previously Chief
Operating Officer of Global Clearing Services at Credit Suisse Group.
Prior to that, he was Director of Strategic Operations at investment
advisor Laurus Capital Management and Managing Director of Business
Strategy at National Discount Brokers.
About Mr. Neil DeSena
Mr. DeSena, 48, most recently was a managing director at Goldman Sachs &
Co. Prior to that, he was a partner at Spear, Leeds & Kellogg, L.P.
where he founded the REDI Products division, provider of REDIPlus, one
of the most widely used institutional trading technology systems.
About Mr. Justin Brownhill
Mr. Brownhill, 42, is the co-founder and former Chief Executive Officer
of The Receivables Exchange. He was a senior executive at Lava Trading
and a Managing Director in Citigroup's Global Electronic Trading
Division. As an investment banker, Brownhill advised on more than $100
billion in merger and acquisition activity within the financial services
and technology arena.
About SenaHill Partners, L.P.
SenaHill Partners is a Merchant Bank offering a full suite of
investment, operating, and advisory services to the Financial Technology
Sector. As operators with deep domain expertise, the partnership
leverages its experience, rolodex, and unparalleled industry advisor
network to offer superior services that drive its partner companies'
success. SenaHill focuses on four major vertical ecosystems: Capital
Markets & Exchanges, Banking, Alternative Financing & Payments,
Insurance & Asset Management, and Treasury & Cash Management. Additional
information about SenaHill can be found on the firm's website at www.senahill.com.
About Sandler O'Neill + Partners, L.P.
Founded in 1988, Sandler O'Neill + Partners is a full-service investment
banking firm dedicated to providing comprehensive, innovative advisory
and transaction execution services to the financial industry. The firm
specializes in mergers and acquisitions, capital markets,
mutual-to-stock conversions, investment portfolio and interest rate risk
management, fixed income securities transactions, and mortgage finance
restructurings. Sandler O'Neill also is a market maker in hundreds of
financial stocks and publishes equity and fixed income research focused
on selected banks, thrifts and insurance companies, investment banks,
asset managers, specialty finance companies, e-finance companies, real
estate investment trusts, financial technology companies, and
exchanges/transaction execution companies. Additional information about
Sandler O'Neill can be found on the firm's website at www.sandleroneill.com.
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