Sept 20 (Reuters) - Technology-focused investment bank Qatalyst Partners has hired Ethan Zweig, a JPMorgan Chase & Co managing director, to join its San Francisco-based banking team.
Qatalyst, founded by investment banking veteran Frank Quattrone and headed by former Credit Suisse Group AG banker George Boutros, has been stepping up its hiring hoping to take market share from big competitors such as Goldman Sachs Group Inc and Morgan Stanley.
Qatalyst confirmed the hire to Reuters. Zweig and a JPMorgan representative declined to comment.
Among Qatalyst’s recent deals, it advised software company CA Inc on its $19 billion sale to chipmaker Broadcom Inc in July.
At JPMorgan, Zweig was focused on executing mergers and acquisitions in the technology sector. He joined the bank in 2015 from Citigroup Inc.
Zweig helped advise private equity firm Vista Equity Partners Management LLC’s event management software company ACTIVE Network on the $1.2 billion sale of its communities and sports units to financial technology company Global Payments Inc last year.
JPMorgan’s technology M&A efforts will continue to be led by Drago Rajkovic, a vice chairman, and Madhu Namburi, who was promoted to head of technology investing banking in early 2017.
Earlier this year, JPMorgan advised semiconductor company Integrated Device Technology Inc on its pending $6.7 billion sale to Japan’s Renesas Electronics Corp, Microchip Technology Inc’s roughly $10 billion acquisition of Microsemi Corp, as well as stake sales in startups LegalZoom and GoodRX. (Reporting by Liana B. Baker in New York; Editing by Jeffrey Benkoe)