He's back, Frank Quattrone the exonerated banker who brought Cisco public

Adrian Dollard, Frank Quattrone and Jonathan Turner
The man who brought Cisco public - Frank Quattrone, formerly the most powerful investment banker in high technology (who reportedly earned as much as $160 million per year), is back in business as the founder of both Qatalyst Partners and Qatalyst Capital Partners. Joining Quattrone in his new venture and photographed alongside him above are Adrian Dollard - former general counsel of Credit Suisse's technology group and a lawyer at Shearman & Sterling specializing in mergers and acquisitions, corporate finance and venture capital, as well as Jonathan Turner - former global head of Credit Suisse's Internet group. Quattrone's new San Francisco based company has two parts:

1. Qatalyst Partners An investment banking arm that will advise companies on mergers and acquisitions, raise money and underwrite public offerings.
2. Qatalyst Capital Partners Which will make principal investments in technology companies alongside venture capital and private equity firms.
The domain names QatalystPartners.Com and QatalystGroup.Com were created and registered with GoDaddy on January 12, 2008.

In 2004, Quattrone was tried for the second time (his first trial resulted in a hung jury) and was found guilty of obstruction of justice involving a government probe into his former employer Credit Suisse First Boston's behavior allocating Initial Public Offerings (IPOs) of high technology company stock, and was sentenced to 18 months in prison. On appeal the U.S. Court of Appeals for the Second Circuit reversed Quattrone's conviction, ruling that Quattrone's jury had been given erroneous jury instructions. Then on August 22, 2006, Quattrone reached a deferred prosecution deal that allowed him not to face prison time, leading legal observers to label the agreement an exoneration. Furthermore, the National Association of Securities Dealers dropped their charges allowing Quattrone to resume his business career! According to reports, Quattrone will receive $100 million to $550 million in overdue compensation, so long as he abides by an agreement and does not break the law for a year. Credit Suisse already paid for Quattrone’s legal costs.


What do YOU think of the return of Frank Quattrone to high technology investment banking?

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