Stifel Eyes Strategic Expansion with Bryan, Garnier Acquisition
Deal News | Jan 06, 2025 | EIN
Stifel Financial has announced a definitive agreement to acquire Bryan, Garnier & Co., a European investment bank specializing in healthcare and technology industries. This acquisition is a strategic move for Stifel to enhance its presence in the mid-market investment sector, building on its global advisory business. The financial terms of the deal remain undisclosed. Bryan, Garnier & Co., founded in 1996, offers services including mergers and acquisitions advisory, growth financing, and institutional sales, operating in major cities such as Paris, London, and New York. Stifel's CEO Ronald J. Kruszewski has emphasized the complementary nature of this acquisition, aligning with Stifel’s long-standing growth strategy. The collaboration aims to integrate Stifel’s capabilities across various financial solutions to provide extensive opportunities for clients and the European market. This marks another step in Stifel’s acquisition-driven growth trajectory, following a recent transaction with B. Riley. As of September 30, Stifel was anticipated to achieve net revenue exceeding $4.8 billion in 2024.
Sectors
- Investment Banking
- Healthcare
- Technology
Geography
- Europe – Bryan, Garnier & Co. is a European investment bank with operations in several major European cities.
- United States – Stifel Financial is based in the United States and operates extensively across various geographical regions.
Industry
- Investment Banking – The article relates to the investment banking industry as it discusses a strategic acquisition by Stifel, an international investment bank, to augment its advisory services.
- Healthcare – Bryan, Garnier & Co. is an investment bank specializing in healthcare, and the acquisition advances Stifel's presence in this sector.
- Technology – The acquisition targets a company recognized for its focus on technology sectors, complementing Stifel's investment focus.
Financials
- Not Disclosed – The article states that the financial terms of the acquisition were not disclosed.
- $27 million to $35 million – Represents the price paid by Stifel to acquire part of B. Riley's employee wealth management arm.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Stifel Financial | Bidding Company | Company | A financial and investment banking firm based in the United States, looking to expand its global presence. |
| Bryan, Garnier & Co. | Target Company | Company | An independent European investment bank known for its focus on healthcare and technology sectors. |
| Ronald J. Kruszewski | CEO of Stifel | Person | Chairman and CEO of Stifel Financial, key spokesperson for the acquisition. |
| Olivier Garnier | Co-Founder and Managing Partner of Bryan Garnier | Person | Co-founder of Bryan Garnier & Co., involved in expressing the strategic vision for the merger. |