WASHINGTON (June 27, 2005) – Sutherland Asbill & Brennan LLP served as counsel for JMP Securities LLC's recent initial public offering of Hercules Technology Growth Capital, Inc., a Palo Alto, Calif.-based specialty finance company that provides debt and equity growth capital to technology-related companies. The IPO raised $78 million.
The transaction, which closed on June 14, includes 6,000,000 common shares, valued at $13.00 per share.
The Sutherland team was led by Securities Partners Steve Boehm and Cynthia Krus and included Partner Harry Pangas and Associate Blair Flynn, both of the Securities Group. This team previously represented JMP Securities LLC in connection with a $24 million private offering for Hercules Technology Growth Capital, Inc.
JMP Securities LLC is a full-service investment bank providing equity research, institutional brokerage and investment banking services to public and private growth companies and their investors.
Sutherland Asbill & Brennan LLP is a national law firm known for solving challenging business problems and resolving unique legal issues for many of the nation's largest companies. Founded in 1924, the firm has grown to more than 425 lawyers with offices in Atlanta, Austin, Houston, New York, Tallahassee and Washington. For further information about the firm, please visit sutherland.com.