Stephen Fillet has joined the technology investment banking arm of CIBC World Markets as an executive director heading up a sub-sector in the Internet equipment and data services group of CIBC.
Fillet is working from CIBC’s Los Angeles and Newport Beach offices.
“I have the opportunity to work on bigger and better deals at CIBC,” said Fillet, who was formerly the principal and senior technology banker in the corporate finance department of Newport Beach-based Roth Capital Partners Inc. Fillet joined CBIC in mid-December.
“My group focuses on companies that facilitate the creation, delivery and management of next-generation content, services and applications for the Internet,” he said.
Fillet said the reason behind the move was one of scale.
“It has a bigger name which helps me to get into bigger companies,” he said.
At Roth, Fillet worked on mergers and acquisitions, taking companies public and handling private placements. Fillet was involved with 20 deals while he was at Roth. He sold a division of MCI System House to Autodesk Inc., a transaction valued at $27 million.
Fillet also was involved in raising $26.5 million for Integrated Sensor Solutions through an initial public offering. The company was eventually bought by Texas Instruments Inc. for $66 million.
While at Roth, Fillet had a team of three professionals. At CIBC, a unit of Toronto-based Canadian Imperial Bank, he is a senior member of a team of 15 people.
“I am currently tracking over 150 companies here,” he said.
Fillet’s investment banking career started with Banque Paribas, now BNP Paribas, in 1989, where he was working in the leveraged capital group. He graduated from the Stern School of Business at New York University, summa cum laude, in 1989. He later worked with a boutique investment banking firm on the West Coast. n
