BEVERLY HILLS, Calif. & NEW YORK--(BUSINESS WIRE)--The heading of the second boilerplate should read "About NMS Capital Advisors, LLC" (instead of "About NMS Consulting").
The corrected release reads:
NMS CAPITAL GROUP SELLS OWNERSHIP STAKE IN INVESTMENT BANKING UNIT – NMS CAPITAL ADVISORS
NMS Capital Group ( “NMSCG”), which was recently ranked second on the 2018 Los Angeles Business Journal’s List of Fastest Growing Private Companies announced today that it has entered into a definitive agreement to sell all equity ownership and rights to NMS Capital Advisors, LLC (the “Investment Bank”). Upon close of the transaction, the buyer, which is comprised of a private investors, acquired NMS Capital Group’s current equity ownership and rights with the transfer of the remaining equity being subject to regulatory approval. Terms of the transaction were not disclosed. NMS Capital Advisors will continue to operate under its current name and the current management team will remain in place and continue managing the firm as it has for over a year. While it will continue to maintain a presence in the Los Angeles and Southern California area, the Investment Bank has moved its headquarters to New York City.
The Investment Bank was founded in 2006 where it operated out of a single location in Florida. In 2012, NMS Capital Group made an initial investment to acquire an equity stake in the Investment Bank, resulting in the firm changing its name, moving its headquarters to Beverly Hills, California and Trevor M. Saliba being appointed Chairman. During Mr. Saliba’s tenure as Chairman, the Investment Bank has grown substantially establishing itself as a leading, independent, international investment banking firm with a national presence in Beverly Hills, Chicago, Dallas, New York, San Francisco and Washington D.C. and an international presence in London, Hong Kong, Dubai and India. The Investment Bank has advised on and closed multiple capital markets, private placements, mergers and acquisition transactions on behalf of both individual and corporate clients. From 2012 to 2017, the Investment Bank experienced cumulative sales growth of over 5,100% with annual compounded sales growth in excess of 120%. The Investment Bank has been consistently recognized among the top Los Angeles based investment Banks since 2014 by the Los Angeles Business Journal having most recently been ranked at number seven on the 2018 Top Investment Banks List. Mr. Saliba, was also recently nominated by the Los Angeles Business Journal as one of the “Most Influential Investment Bankers.”
Trevor M. Saliba, founder, Chairman and Chief Executive Officer of NMS Capital Group and Chairman of the Investment Bank, said, “I’m very proud of what has been built at NMS Capital Advisors and what we have accomplished both as a firm and a team. We have been planning for this transition for almost a year and I have the utmost confidence in the current management team, which is led by Mitch Avnet, to continue the growth trajectory of the firm taking it to the next level.”
Mitch Avnet, Chief Executive Officer of NMS Capital Advisors, said “It’s been great working with Trevor and leading NMS Capital Advisors as its CEO. I am looking forward to continuing to build on the foundation that has already been built, expanding both the management and sales teams.”
As a result of the prior year’s planning and preparation of the sale with the Investment Bank’s management team, Mr. Saliba will be able to resign as chairman at the end of the year.
About NMS Capital Group
NMS Capital Group is a global focused, private equity, merchant banking and advisory firm with investments in businesses across multiple asset classes ranging from real estate, financial services, technology, media, and consumer products manufacturing. For more information, please visit ww.nmscg.com.
About NMS Capital Advisors, LLC
Founded in 2006, NMS Capital Advisors, LLC is a leading full service, global focused investment banking, securities and wealth management firm headquartered in Beverly Hills, California. We provide a full array of investment banking and advisory services including debt and equity capital raising for public and private companies, mergers and acquisitions, cross-border advisory, private equity and hedge fund advisory, valuations and fairness opinions, EB-5 capital advisory, securities brokerage and other strategic advisory services. NMS Capital Advisors is registered broker-dealer with the Securities and Exchange Commission. For more information, please visit www.nmsadvisors.com.