Our Profile
What Sets Us Apart – People and Ideas that Change the Game
A top ten-ranked investment bank,1 FBR Capital Markets focuses exclusively on areas in which we can clearly make a difference and add value. We do this by establishing broad and deep specialized industry platforms that offer detailed industry knowledge and sector-concentrated expertise in research, trading, distribution, investing, mergers and acquisitions and capital-raising.
At the root of our success – and a fundamental element of our culture – is a thorough commitment to highly differentiated research and analysis. We, as underwriters and investors, employ a disciplined and rigorous method when examining a company’s structure and operations. We evaluate and value companies based on industry context which helps us determine a their optimal financial structure for maximizing both risk-adjusted returns and intrinsic value. This strict analytical process, which has consistently proved its value, provides the basis for our research, investment decisions and investment banking advice.
We have the capacity to react quickly when needed to meet the demands of a rapidly changing marketplace, and we are known in the industry for our ability to get deals done, often utilizing innovative transaction structures. From 2003 to 2008, we were the number one book running manager for 144A common stock private placements, completing more than the rest of the industry combined.2 During the same period we were also the #3 book-running manager for all U.S. common stock transactions for issuers with market capitalizations of $1 billion or less.3
FBR Capital Markets has a highly effective, differentiated distribution capability based on long-standing relationships with a broad cross-section of institutional capital markets clients. We believe our institutional brokerage professionals – one of the most knowledgeable sales teams in the industry – are distinguished by their in-depth understanding of the companies and industries on which we focus. Many of our institutional clients have been long-standing investors in transactions that we have brought to the capital markets and have continued to have a close relationship with us as they have grown in size and assets under management.
FBR Capital Markets International Ltd., based in London, is now a member of the London Stock Exchange and the Euronext. FBR Capital Markets International Ltd., comprised of an investment banking team and a sales and trading unit established nearly a decade ago, specializes in institutional brokerage and corporate finance and covers the United Kingdom and continental Europe.
Having our headquarters in the Washington, D.C. metropolitan area is a distinct advantage. Our Washington Policy Analysis group provides a vital regulatory and legislative overlay to our analyses of companies and their sectors. Their access and experience enable us to judge the implications of unfolding events at their earliest stages, enabling us to provide clients with a unique perspective on legislative and regulatory actions that often have a far ranging impact on business and investment decisions.
Additionally, FBR Capital Markets’ research team brings an on-the-ground perspective to the analysis of companies doing business with the government, providing what we believe to be the most comprehensive defense, government information technology and homeland security coverage in the industry.
1) Source: Dealogic. As measured by the aggregate value of the U.S. common equity underwritings priced between 1/1/04 and 12/31/08 with apportioned credit including over-allotment to all book-runners. Includes only rank eligible transactions.
2) Source: Dealogic. Relates to total deal value of all transactions pursuant to rule 144A for U.S. and Bermuda issuers priced between 1/1/04 and 12/31/08, with apportioned credit to all book-runners. Excludes closed-end funds, bought deals and best efforts. League table credit is apportioned amount of total capital raised including over-allotment.
3) Source: Dealogic. Relates to total deal value of all common stock or common equity, including private placements, offered for all U.S. companies with a market capitalization of $1 billion or less. Transactions priced between 1/1/04 and 12/31/08, with apportioned credit including over-allotment to all book-runners. Includes only rank eligible transactions.
