Piper Sandler Enters Definitive Agreement to Acquire European Food & Beverage M&A Boutique, Stamford Partners LLP
Summary
MINNEAPOLIS--(BUSINESS WIRE)--Piper Sandler Companies (NYSE: PIPR), a leading investment bank, today announced that it has entered into a definitive agreement to acquire Stamford Partners LLP. Founded in 1997, London-based Stamford Partners is an entrepreneurial, specialist M&A boutique offering high quality investment banking services to European food & beverage as well as related consumer sectors. The addition is complementary to our existing consumer practice and creates significant opportunities to further expand our reach in partnership with them,” said James Baker, global co-head of investment banking at Piper Sandler. Stamford Partners is a specialist investment banking firm offering financial advisory and corporate development services to companies and investors in the European food and beverage and related consumer sectors. Forward-looking statements involve inherent risks and uncertainties, and important factors could cause actual results to differ materially from those anticipated, including the following: (1) the transaction described in this announcement is subject to customary closing conditions and may not close on the expected timing or at all; (2) the costs or difficulties relating to the combination of the businesses may be greater than expected and may adversely affect our results of operations and financial condition and our ability to realize anticipated synergies from the transaction; (3) the expected benefits of the transaction may take longer than anticipated to achieve and may not be achieved in their entirety or at all, and will in part depend on the ability of the Company to retain and hire key personnel and maintain relationships with its clients; (4) developments in market and economic conditions have in the past adversely affected, and may in the future adversely affect, the business and profitability of the Company generally and of its investment banking business specifically; and (5) other factors identified under “Risk Factors” in Part I, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2020, and updated in our subsequent reports filed with the SEC.