"Guided by Purpose. Driven by Results."
Noble Capital Markets provides tailored Investment Banking solutions for the middle market
Investment Banking
At NOBLE Capital Markets, we focus on delivering real, measurable outcomes—no fluff, no shortcuts. Our team is proactive, savvy, and creative; we roll up our sleeves, work alongside your team, and provide the practical, hands-on support you need to get the job done right. What we offer is direct access to senior bankers with decades of experience, deep expertise, and a relentless commitment to your success. We earn every engagement, focusing on building long-term relationships and delivering value-driven solutions.
From capital raising to M&A and everything in between, we accelerate growth and drive lasting value.
Corporate Finance
We provide top-tier advisory and capital markets support, guiding you through your most critical business decisions. Our corporate finance expertise includes:
- Initial Public Offerings (IPOs)
- Alternative Public Offerings (APOs)
- Public Follow-on Offerings (CMPOs & RDOs)
- Bridge Financings
- Private Placements – Equity and Debt
- Private Investment in Public Equity (PIPE) Offerings
- At The Market Transactions (ATMs)
Leveraging our sector knowledge and longstanding relationships with institutional investors, family offices, and high net-worth individuals, we help you execute transactions that maximize value and meet your strategic goals.
Advisory Services
Once we understand your operational and financial objectives, we provide an efficient, tailored advisory strategy to meet your needs. Our services cover the entire transaction lifecycle, including:
- Buy- and Sell-Side Mergers & Acquisitions, including cross-border assignments
- Restructuring & Recapitalizations
- Joint Ventures, Sale or Divestitures
- Expert Valuation Services (Business Valuation, Purchase Price Allocation, Goodwill and Intangible Asset Impairment, Fair Value Measurement, Derivative Valuation and Share-Based Compensation)
- Fairness Opinions & Solvency Opinions
We combine industry expertise with senior leadership support to drive successful outcomes. Whether you’re navigating complex market conditions or seizing growth opportunities, we’ll work globally, with an emphasis on North American, European and Latin American markets and alongside your team to deliver the right strategy.
Merchant Banking
NOBLE’s Merchant Banking team focuses on public and private companies ($5M to $50M market caps) with disruptive technologies, proven management teams, and strong growth potential. We back these companies with tailored investments to fuel their growth, offering capital commitments from $200K to $2 million or more through syndicate participation.
Our Merchant Banking activities include:
- Targeting companies within our core industries of expertise
- Assessing opportunities and risks in your market
- Structuring, negotiating, and executing transactions
- Post-transaction value creation to ensure long-term shareholder growth
Our team works closely with portfolio companies, using our sector insights, relationships and deep capital markets knowledge to drive long-term value. Whether through investor roadshows, equity conferences, or research coverage, we ensure our investments have the support they need to succeed.
Why NOBLE?
We know that success doesn’t come easy. That’s why we’re committed to earning every engagement and delivering tangible results. With over 40 years of experience, our team doesn’t just advise; we dive deep, work relentlessly, and focus on what truly matters: your business growth.
We’re nimble, responsive, and committed to getting things done right—focusing on building real value and long-term relationships, one successful transaction at a time. That is what makes us different.
Select Transactions
Key Contacts
Nico P. Pronk
CEO, Head of Investment Banking
Mr. Pronk joined NOBLE Capital Markets in 1988 as Chief Operating Officer. In 1995, he became owner. Mr. Pronk began his career in Europe in 1986 on the European Options Exchange (EOE). Mr. Pronk has over 25 years of experience working with IPOs, Secondary Offerings, Private Placements and Mergers and Acquisitions. During his career he has served as Director or Advisor to numerous privately held and publicly traded companies. Mr. Pronk is a graduate of the Netherlands Institute of Banking and Finance, and holds various FINRA licenses.
Nathan Cali
Managing Partner, Head of Healthcare Investment Banking
Nathan is a Managing Partner at NOBLE Capital Markets, Inc. with more than 18 years of Capital Markets experience. He has been a lead Managing Director/Head of the Healthcare and Life Sciences Investment Banking and Advisory franchise at NOBLE since 2017 and, was previously a sell-side equity analyst for 9 years. Nathan is a Board Member of Precise Bio, a tissue engineering, biomaterials, cell technologies, including, cardiology, orthopedics, and dermatology. He was previously a Board observer of Eledon Pharmaceuticals (ELDN:NASDAQ, f.k.n.a. Anelixis Therapeutics, Inc.),a phase II biotechnology company. Nathan has been quoted in most business journals including Reuters and the Washington Business Journal for his work as a sell-side analyst. He started his corporate career at Andrx Corporation, a public pharmaceuticals company as a corporate manager dealing in finance, state taxation, corporate governance, patents, distribution, and business development for the firm. Andrx was purchased by Watson Pharmaceuticals in 2006 for $2.0 billion in cash. Nathan also currently holds series 7, 79, 86, and 87 FINRA designations.
Francisco Penafiel, ASA
Managing Director, Valuation and Advisory Services
Francisco is a Managing Director at NOBLE Capital Markets, Inc., bringing over 22 years of experience in portfolio management, investment banking, and business valuation. He has 7 years of sell-side equity research experience, covering enterprise & infrastructure software, business services, media, communications, and natural resources. Additionally, Francisco leads business development efforts in Latin America for NOBLE.
He is an accredited senior appraiser with the American Society of Appraisers (ASA), holds a degree in Engineering, IT, and Statistics from Escuela Superior Politécnica in Guayaquil, Ecuador, and earned an M.S. in Economics from Florida Atlantic University. Francisco also holds various FINRA licenses.