For over the past 10 years. E.F. Hutton has dedicated its considerable resources toward an ever-increasing role in assisting corporations and public entities in the capital formation process.
Today, Hutton’s investment banking group is one of the fastest growing in the securities industry.
E.F. Hutton provides a full range of investment banking services through its Corporate and Public Finance Departments. Hutton’s investment banking division assisted by sales, trading and research specialists.
Generated $254.1 million in revenues in 1984 notably last year Hutton managed or co-managed more than 14.8% of the volume of all corporate and municipal public offerings of debt and equity securities.
Corporate Finance
The Corporate Finance Department offers a variety of financial advisory services and assists corporations with the planning, timing and structuring of financings.
The Department manages public offerings of debt and equity securities, private placements, leveraged buyouts, mergers and acquisitions and asset financings.
Corporate Finance consistently ranks in the top ten managers of common stock offerings and in 1984.
The Department ranked fourth in issues of initial public offerings. Corporate clients range from small and medium- sized companies to the nation’s largest corporations and private utilities.
The Corporate Finance Department is structured by industry i.e. natural resources, technology, utilities, Iran sport at ion telecommunications: and by product i.e. private placements, mergers and acquisitions, in addition to a generalist industrial group. More than 125 investment bankers operate in New York headquarters and in regional offices in Boston, Charlotte, Chicago, Houston, Los Angeles and San Francisco.
E.F. Hutton’s Public Finance Department is ranked second in the industry, managing over 600 tax-exempt issues totaling $30.5 billion in 1984. The Department’s expertise in municipal bond marketing and a strong distribution network have played a key role in its success.
Investment banking activities are highly integrated with the firm’s institutional and retail sales divisions and secondary market activities. Municipal traders maintain markets in over 100.000 issues and facilitate transactions on many more.
Public Finance bankers must respond quickly to a constantly changing regulatory environment and rapid growth in the financing needs of municipalities.
Hutton’s specialists have pioneered techniques in tax exempt financings including such “firsts” as zero coupon municipal bonds, advanced refunding techniques and variable rate tax exempt bonds.
The department’s banking groups are organized along geographic and specialty group lines. Specialty groups include airport construction, hospital and health care, higher education, state housing, industrial development, resource recovery and public power.
Public finance is represented by over 125 bankers and 175 trading, sales and underwriting people in New York headquarters and in ten regional offices across the country.