September 5, 1996 |
Senior executives of Sutro & Co. and Tucker Anthony Inc., the two brokerage units of John Hancock Mutual Life Insurance Co., are near a pact to buy the firms from Hancock for about $180 million, people familiar with the talks said Wednesday. The talks involve the combined purchase of both firms by a management-led investor group, and an announcement could come as early as this week, the sources said.
January 28, 1998
Investment banks Sutro & Co. and Tucker Anthony Inc. unveiled plans to go public with a $120-million initial public offering. Freedom Securities Corp., the holding company for the two privately held firms, filed the plans with the Securities and Exchange Commission. Donaldson Lufkin & Jenrette and Credit Suisse First Boston Corp. will underwrite the offering. San Francisco-based Sutro and Boston-based Tucker Anthony were purchased by buyout specialist Thomas H. Lee of Boston in 1996.
August 25, 1998 |
Franklin Telecom in Westlake Village announced that its subsidiary, FNet Corp., has selected Sutro & Co. to handle its investment banking. "Our goal of deploying an Internet protocol telephony network will be greatly enhanced by the addition of a quality investment bank such as Sutro & Co.," said Thomas Russell, FTEL's chief financial officer. Sutro is the oldest investment bank in the western United States, and the telecommunications industry is a growing focus of its activities.
October 27, 1998 |
In a reorganization designed to expand its presence in Los Angeles, Sutro & Co., one of California's oldest investment banking firms, will consolidate several corporate finance divisions here because of the growing economic strength of Southern California, the firm said late Monday. Los Angeles would in effect serve as a co- headquarters for the firm, which has long been based in San Francisco, as part of a reorganization approved by Sutro's board of directors Monday.