4/6/11

Hey guys,

Has anyone ever heard of Roth Capital Partners? From what I have read on the website, I understand the firm specializes in the small-cap public markets. Has anyone ever worked or knows someone who has worked there? I am asking because I'm applying for an analyst role after I graduate and wish to know a little more. How is their reputation?

Anything and everything is much appreciated. Thanks.

Comments (22)

4/7/11

Roth is a sales and trading firm in Newport Beach. They specialize in microcap to midcap stocks, with a sizable amount of deal flow from taking Chinese companies public in the US. They have some pretty solid research and deal origination capability, but definitely a boutique player.

I think they also do some corporate finance work but mostly to support the sales and trading activities. Every year they host a big, well-attended small cap conference in OC with extravagant performers and food. I think it's a good place to gain some experience at the start of your career and the pay is ok. Extra bonus if you enjoy living the relaxed life in OC.

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4/7/11

In the US or China? Don't know much about them in the US but they did a lot of the reverse merger small-cap IPO's that got done in China over the last few years. Do a lot of PIPE's there as well. I think their business there has kind of fallen off though as the reverse merger market basically imploded last year.

In the US I think they mostly do healthcare and tech stuff but I'm not sure. I have heard they are pretty good in the US in terms of banks focusing on small-cap deals.

4/7/11

There are two employee reviews and one compensation review in the Company Database

WSO Vice President, Data
@JustinDDuBois

4/7/11

Am I the only one that can't access the compensation section in the database anymore?

4/7/11

There was an ex-banker who was doing one of the WSO Q&As last week and I remember him saying that they're one of the top boutiques in California, I think they're based around Newport Beach?

Damn you Rodger!

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4/7/11

I am interested in their US operations. Specifically their Bay Area branch. Seems to me that they have improved their reputation. Any other thoughts reviews would be appreciated as well.. Are they really now one of the top boutiques in California? I seldom see them mentioned on this board.

Thanks guys.

4/7/11
ap0258:

I am interested in their US operations. Specifically their Bay Area branch. Seems to me that they have improved their reputation. Any other thoughts reviews would be appreciated as well.. Are they really now one of the top boutiques in California? I seldom see them mentioned on this board.

Thanks guys.

I think the fact that they are mentioned rarely just has to do with the market they are in: they are not an elite boutique that's going to be chasing billion dollar deals like an Evercore or Moelis, or even large sector-specific deals like Qatalyst or Centerview. Being focused on small-cap is never going to generate much publicity on this board or elsewhere, but like I said I've heard they are pretty well-regarded in the space they operate in in the US. Most of my knowledge does come from their China operations however.

I think they mainly do IPO's, PIPE's, Reverse Mergers, SPAC deals etc... so primarily equity raises and public listings for small-cap companies. Don't think they really do M&A but maybe.

Investment Banking Interview Course

4/7/11

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4/7/11

MM investment bank in Orange County, CA.

Money Never Sleeps? More like Money Never SUCKS amirite?!?!?!?

4/7/11
sayandarula:

MM investment bank in Orange County, CA.

thanks

4/7/11

They work with a lot of sketchy, OTC Chinese companies so I can't see them having much deal flow in this environment. A lot of PIPEs and other private placements. I would stay away for FT.

4/7/11
SHORTmyCDO:

They work with a lot of sketchy, OTC Chinese companies so I can't see them having much deal flow in this environment. A lot of PIPEs and other private placements. I would stay away for FT.

Recent WSJ article about them shutting down China operations. For a while they were making a killing doing reverse mergers, but there was no due diligence going on...Needless to say Chinese reverse mergers aren't exactly popular anymore.

Edit: Here is the article http://online.wsj.com/article/SB100014241278873240...

"For I am a sinner in the hands of an angry God. Bloody Mary full of vodka, blessed are you among cocktails. Pray for me now and at the hour of my death, which I hope is soon. Amen."

4/7/11

Funny you should bring them up as I just recently found out about them myself.

Very active Private Placement/PIPE/"alt capital financing" practice, especially in the tech sector. The league table in the pitch I saw said they were one of, if not the most active agent in the Tech Alt Financing space (depending on time period). Although it's incredibly niche, I was impressed given their total obscurity and the relative brand names of the shops they were beating out on the list (other suspects were MMs: PJ, RJ, William Blair, Stifel, Rodman & Renshaw, Oppenheimer, etc.).

I should also note that the pitch wasn't theirs, so the league table was slightly more credible (if they had put themselves at the top of their own league table, I would have largely dismissed it as BS - even though the table was probably BS in a number of other ways).

4/7/11

what do you guys think in terms of prestige & exit opps?

4/7/11
traveler818:

what do you guys think in terms of prestige & exit opps?

Lol

4/7/11

My PM did and as well as my friend's PM (two different shops). I wish I did - staying at the RC in CA would have been nice.

I wasn't that familiar with Roth until recently but this seemed like a pretty big deal for investors in the small and mid-cap space.

Follow me on Twitter: https://twitter.com/KarateBoy

4/7/11
4/7/11
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