SOURCE: Douglas, Curtis & Allyn LLC

May 04, 2005 05:00 ET

Douglas, Curtis & Allyn, LLC Adds High Profile Strategist to Expert Team

Former Intel Capital M&A Director to Head Firm's Investment Banking Practice

ROSEVILLE, CA -- (MARKET WIRE) -- May 4, 2005 --The region's leading merchant banking firm, Douglas, Curtis & Allyn, LLC ("DCA"), has named Wael Aburida as managing director and head of investment banking, the company announced today.

"With the launch of our affiliated DCA Capital Private Equity Fund earlier this year, we have been looking for an individual to head up our mergers and acquisitions and capital-raising practice," said Curt Rocca, DCA's founding partner. "Wael's extensive experience with the larger East Coast advisory firms, coupled with his recent Intel experience, made him uniquely qualified to lead our continued growth. Wael's professionalism and broad range of knowledge, experience, and relationships will provide tremendous value to our clients," Rocca concluded.

Prior to DCA, Aburida was director of mergers and acquisitions (M&A) for Intel Corporation, based in Santa Clara, Calif. While at Intel, he was responsible for structuring and negotiating acquisitions, divestitures, spinouts and minority equity investments on behalf of Intel and Intel Capital, the most active venture investing organization in the world. Before that, Aburida was an M&A investment banker at Bowles Hollowell Conner (acquired by First Union/Wachovia), a leading private M&A advisory firm based in Charlotte, North Carolina. Earlier in his career, Aburida also worked in the Technology Mergers & Acquisitions group at Lehman Brothers in New York and was an environmental/pollution control sell-side equity research analyst with Prudential Securities in New York.

"I am excited to be a part of the DCA team and to have the opportunity to expand the firm's growing reputation as the region's leading source for M&A and capital-raising services," says Aburida. "I look forward to servicing the growing needs of this region's entrepreneurs and business leaders."

In his new role at DCA, Aburida will lead the company's continued growth of advisory business, including sell-side and buy-side mergers and acquisitions, equity and debt private placements, and strategic advisory services. At DCA, Aburida will leverage his significant M&A experience and his corporate development expertise to assist high-growth companies in evaluating their strategic options, obtaining financing, and other general management matters.

Aburida's new position at DCA is effective immediately.

About Douglas, Curtis & Allyn, LLC

Douglas, Curtis & Allyn, LLC is one of Northern California's premier M&A and financial advisory firms serving growth-oriented private and public companies throughout the region. Unlike traditional investment banks, DCA not only assists client companies in completing transactions and financings, but also provides strategic and operational consulting services to ensure that the company is taking the right steps to maximize shareholder value.

Earlier this year, the firm's principals launched DCA Capital Partners, a regional Private Equity firm, providing expansion capital to mid-to-late stage growth businesses throughout the Central Valley, and adjacent underserved markets.

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