David Michaels

  • Managing Director
310-929-5955
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Biography

David Michaels is a Managing Director of Capstone where he is responsible for managing the firm’s Technology & Telecom Group (TTG). David founded SagePoint Advisors in 2008, a boutique investment banking firm focused on providing M&A advisory services to technology and telecom companies. Prior to founding SagePoint, David was a Co-Founder, Partner and Managing Director at Montgomery & Co., a leading investment bank focused on serving emerging-growth technology companies. David co-founded Montgomery’s investment banking business in 1996 and played an instrumental role in building the business to over $50 million in revenues and 80 employees. Mr. Michaels also ran the firm’s Communications and Digital Media Technology practice areas prior to his departure.

David has intimate knowledge of the strategic landscape, market dynamics and technology underpinnings of several high technology market segments including Mobile Software & Services, Consumer Internet, E-Commerce, Enterprise SaaS, Cloud & Infrastructure Software and Consumer, IT & Telecom Hardware. Prior to joining Montgomery in 1994, David worked as an investment banker at Bankers Trust and prior to that, as a structural engineer at General Dynamics.

Education

The Anderson School at UCLA - MBA - Entrepreneurship

The University of Michigan - BS - Mechanical Engineering

Registrations & Affiliations

FINRA - Series 79 & 63 Registered Invetsment Banking Representative

Industry Coverage

Strong LTM M&A activity for 2019 with a record 2,044 deals totaling nearly $175 billion. Merger & acquisition (M&A) revenue multiple of 4.4x for private targets and 4.2x for public targets are above historical levels.Read more

Heightened merger and acquisition (M&A) activity has been fueled by persistent demand for disruptive and scalable technology as industry operators seek to expand product offerings and market share. Read more

Our latest Application Development & Deployment Executive Summary reveals that more than 56 mergers and acquisitions were completed in the space throughout U.S., Canada, and Europe to-date in 2019. Buyers have most frequently acquired companies that provide Application Development & Deployment software (75% of activity) rather than services (25%)Read more