Edgeview Partners acquires Townsend Frew -- Combines a leading middle market investment banking firm with a premier health care investment banking boutique

Edgeview Partners and Townsend Frew today announced that Edgeview Partners has acquired Townsend Frew. Townsend Frew will become the dedicated health care investment banking practice of Edgeview Partners, allowing the firms to leverage their collective resources and as a result enhance the depth and breadth of the services available to the firms clients.

Charlotte, NC and Durham, NC (PRWEB) June 5, 2004 --Edgeview Partners and Townsend Frew today announced that Edgeview Partners has acquired Townsend Frew. Townsend Frew will become the dedicated health care investment banking practice of Edgeview Partners, allowing the firms to leverage their collective resources and as a result enhance the depth and breadth of the services available to the firms clients. The combined firm will have over 40 employees who have closed over 350 transactions in 18 major industry groups, including aerospace and defense, automotive, diversified manufacturing, consumer products, health care, and building products. The firm will continue to deliver the highest quality investment banking advisory services with unmatched senior-level attention -- the hallmark of both Edgeview Partners and Townsend Frew. In early July, Townsend Frew will relocate from Durham, North Carolina, to Edgeviews office in Charlotte, North Carolina.

Jill Frew, co-founder and managing partner of Townsend Frew, said: I believe the combination of Edgeview Partners and Townsend Frew represents a compelling growth opportunity for our franchise. Leveraging Edgeviews platform will allow us to solidify our position as one of the nations top financial advisors to the health care industry. We are excited to join a firm committed to the highest standard of client service. We believe the combination of resources, professionals, and complementary industry skill sets will result in a more robust offering of services to our clients. Edgeview Partners is experiencing tremendous momentum and has gained strong market position in a short period of time. We look forward to participating in and contributing to Edgeview Partners continued success." Ms. Frew will become a partner of the combined firm, a member of its board of directors, and will lead Edgeviews health care practice, which will continue to provide services under the Townsend Frew name.    

Matt Salisbury, co-founder and a partner of Edgeview Partners, said: We are very excited that Townsend Frew has agreed to join Edgeview Partners. Townsend Frew is one of the premier health care investment banking boutiques in the country. The firm has achieved this position as a result of their in-depth industry expertise, dedicated professionals, and unrelenting commitment to deliver the highest quality financial advice to their clients. Health care accounts for a large and increasing portion of the economy and remains one of the most active sectors for M&A and investment activity. This transaction supports our strategy of establishing the leading middle market investment bank with industry expertise across all of the sectors important to our clients."

Townsend Frew (http://www.townsendfrew.com) is an independent investment banking firm dedicated exclusively to providing financial advisory services to health care organizations. Townsend Frew provides comprehensive investment banking services, including merger and acquisition advisory services, strategic and financial assessments, private placements of debt and equity, and fairness opinions. Since 1996, Townsend Frew has closed over 40 transactions for a variety of clients that include privately held and publicly traded organizations located in the U.S. and abroad.

Edgeview Partners(http://www.edgeviewpartners.com) is a leading independent investment bank focused exclusively on serving the unique needs of the middle market. Since the firm was founded in 2001, Edgeview has grown from five employees to over 30 employees and has been engaged on transactions with over $2 billion in aggregate value. Edgeview Partners professionals have focused their careers on serving the middle market and have advised on more than 250 completed middle market transactions.