Pacific Crest Securities Adds Co-Head of Investment Banking

PORTLAND, Ore., and SAN FRANCISCO, Feb. 5, 2013 /PRNewswire/ -- Pacific Crest Securities, the premier investment bank for technology, today announced the addition of David Bain to be Co-Head of Investment Banking with Terry Schallich.  Mr. Bain will be based in the firm's San Francisco office.

Mr. Bain joins Pacific Crest from Sagent Advisors, where he most recently served as Head of Mergers and Acquisitions.  Prior to joining Sagent to head the firm's San Francisco office as Head of Technology M&A, Mr. Bain worked at Wachovia Securities as Head of Technology Mergers and Acquisitions and at Dresdner Kleinwort Wasserstein as Co-Head of Global Technology Investment Banking.  He spent the initial years of his banking career in the technology investment banking group at Lehman Brothers in New York and London.

Over the course of his career, Mr. Bain has advised on numerous transactions across the software, internet, digital media, communications, semiconductors and IT services subsectors, including several cross-border situations.  He has completed a wide variety of transactions involving technology consolidators such as Oracle, IBM, HP, EMC, BMC, CA and ADP, as well as emerging growth companies and leading financial sponsors.  He received his MBA from the Wharton School of the University of Pennsylvania and a bachelor of science in accounting, summa cum laude, from Brigham Young University.

"David's track record of success in leading rapidly growing technology investment banking practices and his deep transactional experience is a great fit for a team that had a record year in 2012, successfully completing advisory assignments for AppAssure, Francisco Partners, Progress Software and SevOne among others," said Scott Sandbo, Chairman and CEO of Pacific Crest. "Our mission of being the premier investment bank for technology is predicated on providing the best advice and execution to the industry's high growth companies as they complete strategic transactions, private financings and public offerings. David shares this vision and will be an excellent partner for Terry, our 40-member banking team and, most importantly, our client partners."

"Having worked in technology investment banking for several years, I am impressed with the emergence and accelerating growth of Pacific Crest," said David Bain.  "With its singular focus on the high-growth segments of technology, the firm is a thought leader and high-value partner to many of the industry's most disruptive companies as well as its foremost investors. I am very excited about the opportunity to partner with my new colleagues in further expanding the firm's footprint as trusted strategic advisors to the technology industry."

About Pacific Crest Securities

Pacific Crest is the premier investment bank for technology, operating at the leading edge, where global connectivity is fueling an unprecedented expansion cycle. We apply our unmatched knowledge of the drivers of value creation and our global network of relationships to technology's high growth sectors, such as global Internet, mobility, SaaS, cloud and big data, next gen infrastructure and alternative energy. Our clients - technology's foremost institutional investors and market leading companies – rely on us to achieve superior returns and gain competitive advantage from the seismic shifts occurring in technology.  We have 175 employees and are headquartered in the United States, with offices in Boston, New York, Portland, San Francisco and Stamford, and International offices in Beijing and Taipei, as well as our Pacific Epoch office in Shanghai.

Media Contact:
Jen McBee
Pacific Crest Securities
503.248.0721

SOURCE Pacific Crest Securities