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

Enterprise SaaS & Cloud last twelve month merger and acquisition (M&A) activity hit a record 2,156 deals totaling over $180 billion. M&A volume of 657 deals in Q1 2020 was driven by strong January and February deal volume while March activity was only slightly hampered by COVID-19 impact. Read more

Capstone Headwaters has published its Q4 2019 Nonprofit Software Coverage Report, available for download below. The Nonprofit Software industry remains in the early stages of consolidation with only two public companies and a small number of private equity-backed players vying for market share. Read more

In 2019, merger and acquisition (M&A) activity continued its upward trend with 131 deals setting a new deal volume record, totaling $15.4 billion.Read more