Solomon Partners, a leading boutique investment bank, announced the hiring of James Butcher as a managing director in its technology group. Based in New York, Butcher will focus on advising companies in the information services and business-to-business sectors, according to a statement released on Monday.
A Strategic Move
Butcher joins Solomon Partners from Moelis & Co., where he specializes in working with media and technology companies. His expertise is expected to bolster Solomon’s capabilities in navigating the complex era of tech dealmaking. A representative from Moelis declined to comment on Butcher’s departure.
Tech Dealmaking on the Rise
The technology sector is experiencing a revival in deal activity, with transaction values soaring by over 25% in 2024 to approximately $384 billion, as reported by Bloomberg. This rebound follows two years of disappointing performance in the market, highlighting the growing investor confidence in technology companies.
Continued Growth for Solomon Partners
Founded in 1989, Solomon Partners has been on a growth trajectory, particularly since its alliance with Natixis SA in 2016. The firm has consistently expanded its team to serve its clients. Notably, in June, they appointed Solange Velazquez from William Blair & Co. as a managing director focused on transportation technology. Furthermore, the bank announced plans to establish a new office in Tampa, Florida, in July, signaling its commitment to broadening its geographical reach.
As Solomon Partners continues to build its technology team, the addition of Butcher is seen as a crucial step in enhancing its advisory services in a rapidly evolving market.
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