Corporate Finance to provide products and services across companies' capital structure
GREENWICH, Conn. and JERSEY CITY, N.J., July 16 /PRNewswire-FirstCall/ --
Knight Libertas LLC, a subsidiary of Knight Capital Group, Inc. (Nasdaq:
NITE), today announced the appointment of Les B. Levi as Managing Director,
Head of Corporate Finance.
Mr. Levi has more than 25 years experience in the global capital markets
as a portfolio manager, research analyst and investment banker. Les joined
Knight from Plainfield Asset Management, a special situations hedge fund,
where he was a Partner. Previously, he held senior-level research and
investment banking positions at JP Morgan, Merrill Lynch and Drexel Burnham
Lambert.
"Les has extensive experience working with companies of all sizes on
capital structure issues and equity and debt financing," said Gary Katcher,
Executive Vice President, Knight Capital Group. "He brings an indispensable
perspective to companies that fits well with Knight's capital markets presence
and extensive distribution network to institutional firms. We're thrilled to
have Les leading the Corporate Finance team in raising capital for companies
of all sizes across the equity and debt product areas."
In addition, Knight announced the hiring of David W. Unger as Managing
Director. Mr. Unger has more than 30 years experience in the capital markets
with a specialization in the media and communications sectors. He is a former
Founding Partner at Avalon Equity Partners, Chairman and Founder of Avalon
Cable, and Vice President at Communications Equity Associates.
The Corporate Finance team brings together expertise in research, sales
and trading, advisory services and capital raising in developing innovative
solutions for companies. Corporate Finance provides products and services
across companies' capital structure including advisory services, debt and
equity financing, balance sheet restructuring, private placements, restricted
share programs and debt repurchases. Mr. Levi reports to Mr. Katcher.
The Corporate Finance team operates from Knight's Greenwich office at 1
Greenwich Office Park South, 2nd floor, Greenwich, CT 06831, phone
203.629.9526.
Biographies
Les B. Levi
Managing Director, Head of Corporate Finance
Knight Libertas LLC
Les B. Levi is Managing Director and Head of Corporate Finance.
Mr. Levi joined Knight Libertas in June 2009 to lead Corporate Finance,
which originates and structures equity and debt financing transactions for
companies. Most recently, Les was a Partner at Plainfield Asset Management
LLC, a special situations hedge fund, where he oversaw a portfolio of Telecom,
Media and Technology investments. Over his 25 year career on Wall Street, Les
has participated in hundreds of financing transactions as a senior-level
banker, research analyst, and investor at firms JP Morgan, Merrill Lynch and
Drexel Burnham.
Les was named to Institutional Investor's inaugural All America Fixed
Income Research Team in 1992 and received the honor twelve times. In addition,
he is an adjunct professor of business at NYU Stern School of Business and
currently serves as a director of the National Book Foundation Board and
Columbia University Graduate School of Arts and Sciences Alumni Board.
Les received a bachelor of arts from New York University, a master of arts
and doctor of philosophy from Columbia University, and a master of business
administration from the NYU Stern School of Business.
David W. Unger
Managing Director, Corporate Finance
Knight Libertas LLC
David W. Unger is Managing Director, Corporate Finance.
Mr. Unger joined Knight in July 2009 and has more than 30 years experience
in the capital markets. Most recently, he was a Founding Partner at Avalon
Equity Partners, an investment firm focused on private and public equity
opportunities in the Media and Communications sectors. Prior to that, he was
Chairman and Founder of Avalon Cable, which was acquired by Charter
Communications in 1999. He also served as a Vice President at Communications
Equity Associates.
David received a bachelor of science in economics from The Wharton School
at the University of Pennsylvania and a master of business administration from
the NYU Stern School of Business.
About Knight
Knight Capital Group, Inc. (Nasdaq: NITE) is a leading financial services
firm that provides electronic and voice access to the global capital markets
across multiple asset classes for buy-side, sell-side and corporate clients.
In Global Markets, we provide market access and trade execution services in
nearly every U.S. equity security and a large number of global equities and
fixed income, foreign exchange, futures and options. Our approach to trading
combines deep liquidity with robust trading technology and capital
facilitation, when necessary, to deliver high quality trade executions
consistent with client defined measures. Our Corporate segment invests in
strategic, financial services-oriented opportunities, allocates, deploys and
monitors all capital and maintains all corporate overhead expenses. Our Asset
Management segment is reported as a discontinued operation as of March 31,
2009. More information about Knight can be found at www.knight.com.
Certain statements contained herein may constitute "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. These forward-looking statements are not historical facts and are
based on current expectations, estimates and projections about the Company's
industry, management's beliefs and certain assumptions made by management,
many of which, by their nature, are inherently uncertain and beyond our
control. Accordingly, readers are cautioned that any such forward-looking
statements are not guarantees of future performance and are subject to certain
risks, uncertainties and assumptions that are difficult to predict including,
without limitation, risks associated with (i) the costs, integration,
performance and operation of businesses recently acquired, or that may be
acquired in the future, by the Company, and (ii) the closing of the sale of
substantially all of the assets of the Asset Management business and costs and
expenses associated with the Company's exit from the Asset Management
business. Since such statements involve risks and uncertainties, the actual
results and performance of the Company may turn out to be materially different
from the results expressed or implied by such forward-looking statements.
Given these uncertainties, readers are cautioned not to place undue reliance
on such forward-looking statements. Unless otherwise required by law, the
Company also disclaims any obligation to update its view of any such risks or
uncertainties or to announce publicly the result of any revisions to the
forward-looking statements made herein. Readers should carefully review the
risks and uncertainties disclosed in the Company's reports with the U.S.
Securities and Exchange Commission (SEC), including, without limitation, those
detailed under the headings "Certain Factors Affecting Results of Operations"
and "Risk Factors" in the Company's Annual Report on Form 10-K for the
year-ended December 31, 2008, and in other reports or documents the Company
files with, or furnishes to, the SEC from time to time. This information
should also be read in conjunction with the Company's Consolidated Financial
Statements and the Notes thereto contained in the Company's Annual Report on
Form 10-K for the year-ended December 31, 2008, and in other reports or
documents the Company files with, or furnishes to, the SEC from time to time.
SOURCE Knight Capital Group, Inc.
CONTACT: Margaret Wyrwas, Senior Managing Director, Communications,
Marketing & Investor Relations, Knight Capital Group, Inc., +1-201-557-6954,
mwyrwas@knight.com; Kara Fitzsimmons, Director, Media Relations, Knight
Capital Group, Inc., +1-201-356-1523, kfitzsimmons@knight.com; or Jonathan
Mairs, Vice President, Corporate Communications, Knight Capital Group, Inc. ,
+1-201-356-1529, jmairs@knight.com/
/Web Site: http://www.knight.com /
(NITE) |