L H Friend Danzi Capital Partners

Two Irvine investment banks are joining forces to participate in larger financings, but both say they will continue raising capital for biomedical and other small technology companies. Michael Danzi, president of Danzi Capital Group, an investment bank formed a year ago, is joining L.H. Friend, Weinress & Frankson Inc. and taking his five-person staff with him. Danzi will be managing director of a new wholly owned division called L.H. Friend-Danzi Capital Partners, company officials said.

Two Orange County investment banking companies that acted for awhile as if they wanted to merge now say they will continue to work together through a joint venture but have no intention of becoming one company. Larry Friend and Michael Danzi said their companies will work on major deals, like the effort to sell a minority shareholder's stock in the Irvine Co., through a division of L.H. Friend, Weinress & Frankson Inc. But Friend and Danzi said each company will continue to operate separately.

Two Orange County investment banking companies that acted for awhile as if they wanted to merge now say they will continue to work together through a joint venture but have no intention of becoming one company. Larry Friend and Michael Danzi said their companies will work on major deals, like the effort to sell a minority shareholder's stock in the Irvine Co., through a division of L.H. Friend, Weinress & Frankson Inc. But Friend and Danzi said each company will continue to operate separately.

Two Irvine investment banks are joining forces to participate in larger financings, but both say they will continue raising capital for biomedical and other small technology companies. Michael Danzi, president of Danzi Capital Group, an investment bank formed a year ago, is joining L.H. Friend, Weinress & Frankson Inc. and taking his five-person staff with him. Danzi will be managing director of a new wholly owned division called L.H. Friend-Danzi Capital Partners, company officials said.