Investments
150Portfolio Exits
75About CS First Boston
CS First Boston is an investment bank that is focused on advisory and capital markets. It was founded as Credit Suisse First Boston (CSFB) as a result of the merger between First Boston and Credit Suisse in 1988 and retired by Credit Suisse in 2006. In 2022, Credit Suisse restructured the entity and rebranded it to CS First Boston. CS First Boston is based in New York, New York.
Latest CS First Boston News
Nov 15, 2023
By CFPB is a government agency overseeing consumer financial protection lawsReuters The Consumer Financial Protection Bureau (CFPB) applied a fine of $15 million to consumer lending firm Enova and ordered the company to stop offering some short-term loans. The government agency said Enova illegally withdrew funds from customers' bank accounts without their permission, made deceptive statements about loans, and canceled loan extensions. CFPB, which has the authority to take action against institutions violating consumer financial protection laws, also said the lender violated another 2019 order to stop the illegal conduct. At that time, Enova was fined $3.2 million. CFPB is demanding the firm to provide redress to the consumers it harmed and to tie executive compensation to compliance with federal consumer financial protection laws. "Enova decided to keep flouting the law after it was caught taking advantage of its customers, and violated a law enforcement order," CFPB Director Rohit Chopra said. "Today's action imposes a $15 million penalty, bans the company from certain lines of business, and reforms executive compensation." Enova extends or arranges unsecured installment loans and lines of credit to consumers in 37 states in the U.S., the CFPB said. The lender has more than 9 million customers, according to its website. The company said it cooperated in the investigation, addressed the issues raised by the CFPC and agreed to pay the fine. Enova said it disagrees with the assessment of the issues by CFPB. "While the errors identified in this settlement are similar to those addressed in the 2019 order, they do not arise from deliberate attempts to avoid law, but instead resulted from unintended computer and system errors," the company said in a statement . Enova said the settlement isn't expected to have a material impact its operations. © Copyright IBTimes 2023. All rights reserved. IBT Fast Start - Let the best of International News come to you Sign up and stay up to date with our daily newsletter. You can unsubscribe at any time. By signing up you are agreeing to our Terms of Service and Privacy Policy . Join the Discussion
CS First Boston Investments
150 Investments
CS First Boston has made 150 investments. Their latest investment was in CellFor as part of their Series E on July 7, 2010.
CS First Boston Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
7/22/2010 | Series E | CellFor | $35M | No | ||
12/23/2008 | Series B | Pioneer Surgical Technology | $15M | No | ||
12/15/2008 | Unattributed VC | EcoSynthetix | $10.5M | Yes | ||
12/8/2008 | Unattributed VC - II | |||||
11/24/2008 | Debt |
Date | 7/22/2010 | 12/23/2008 | 12/15/2008 | 12/8/2008 | 11/24/2008 |
|---|---|---|---|---|---|
Round | Series E | Series B | Unattributed VC | Unattributed VC - II | Debt |
Company | CellFor | Pioneer Surgical Technology | EcoSynthetix | ||
Amount | $35M | $15M | $10.5M | ||
New? | No | No | Yes | ||
Co-Investors | |||||
Sources |
CS First Boston Portfolio Exits
75 Portfolio Exits
CS First Boston has 75 portfolio exits. Their latest portfolio exit was GoldenSource on May 17, 2022.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
5/17/2022 | Acq - Fin | 1 | |||
6/15/2021 | Acquired | 1 | |||
5/26/2021 | Acquired | 141 | |||
Date | 5/17/2022 | 6/15/2021 | 5/26/2021 | ||
|---|---|---|---|---|---|
Exit | Acq - Fin | Acquired | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 1 | 1 | 141 |
CS First Boston Acquisitions
25 Acquisitions
CS First Boston acquired 25 companies. Their latest acquisition was Charles River Clinical Services Northwest on March 15, 2011.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
3/15/2011 | Acquired Unit | 1 | ||||
7/16/2008 | Acquired | |||||
7/14/2008 | Acquired | |||||
4/22/2007 | ||||||
1/11/2007 |
Date | 3/15/2011 | 7/16/2008 | 7/14/2008 | 4/22/2007 | 1/11/2007 |
|---|---|---|---|---|---|
Investment Stage | |||||
Companies | |||||
Valuation | |||||
Total Funding | |||||
Note | Acquired Unit | Acquired | Acquired | ||
Sources | 1 |
CS First Boston Team
45 Team Members
CS First Boston has 45 team members, including former President, Brian Finn.
Name | Work History | Title | Status |
|---|---|---|---|
Brian Finn | President | Former | |
Name | Brian Finn | ||||
|---|---|---|---|---|---|
Work History | |||||
Title | President | ||||
Status | Former |
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