Strategic hire bolsters middle-market investment bank’s private equity focus and coverage
Dan Kraft
Intrepid Investment Bankers, a leading middle-market investment bank and the advisory arm of global financial group MUFG, today announced that it hired Dan Kraft as Managing Director, Financial Sponsor Coverage.
Kraft will report to Intrepid’s Head of Financial Sponsor Coverage, Steve Nelson. Together, they will expand and strengthen relationships with private equity partners that value Intrepid’s core services of M&A, Capital Advisory, Buy-Side Search, and Special Situations and unique capabilities that include access to its corporate parent’s balance sheet and global relationships, as Japan’s largest financial institution.
“We are thrilled to have Dan join to bolster our rapidly growing Financial Sponsors practice,” said Nelson. “His long-standing and deep relationships within the private equity community, combined with his extensive experience and team player mindset, will be invaluable in delivering top-tier services to our private equity partners. As we continue to expand our presence across the United States, having more boots on the ground will complement our growing national footprint.”
Kraft brings more than 12 years of banking experience, specializing in private equity coverage. Prior to joining Intrepid, he spent nearly five years with B. Riley Financial, building the sponsor coverage practice focused primarily on sell-side M&A assignments. Before that, he worked for six years at J.P. Morgan covering large and mid-cap financial sponsors. Kraft began his career at Bank of America in Corporate Banking, serving large-cap, investment grade clients.
Throughout his career, Kraft has assisted in dozens of M&A advisory assignments and debt and equity capital fund-raises for both public and private companies, spanning industries including industrials, healthcare services, consumer, technology, and software.
“I am excited to join Steve and the entire Intrepid team,” said Kraft. “The firm’s product offerings and highly specialized industry expertise reflect an intense focus to be the leading middle-marketing M&A advisory firm. I believe Intrepid truly understands the value that a dedicated coverage officer can bring to sponsors and ultimately to the clients that the firm serves.”
“Financial sponsors remain a cornerstone of our business strategy and growth trajectory,” said Ed Bagdasarian, Chief Executive Officer of Intrepid. “Dan’s addition to our team further demonstrates our commitment to deepening our reach and adding more value to key relationships within the private equity community. His industry expertise and extensive network will help accelerate our expansion plans while maintaining the high-touch, specialized approach that distinguishes Intrepid in the middle market.”