Piper Jaffray Companies Completes Acquisition of Edgeview Partners, L.P.
July 16 2013 - 3:01PM
Business Wire
Piper Jaffray Companies (NYSE: PJC), a leading investment bank
and asset management firm, today announced that it has
completed its purchase of Edgeview Partners, L.P., a leading
middle-market advisory firm specializing in mergers and
acquisitions.
Founded in 2001 and based in Charlotte, N.C., Edgeview Partners
provides merger and acquisition advisory services to middle-market
clients and private equity firms across a broad range of industries
including business services, transportation and logistics,
industrials, healthcare, applied technology, building products and
consumer sectors.
“We are pleased to complete the acquisition of Edgeview
Partners, which will strengthen our middle-market M&A business
and add significant resources dedicated to the private equity
community,” stated Andrew Duff, chairman and CEO of Piper
Jaffray.
“This transaction is the culmination of our efforts to broaden
our firm's capabilities with a partner that shares our
client-driven culture and execution focus,” said Ted Garner,
partner at Edgeview Partners. “Joining forces with Piper Jaffray
expands our product capabilities and sector expertise, as well as
the geographic reach of our firm. We look forward to building
on Piper Jaffray's existing strong M&A capabilities to create
the leading firm in the middle market.”
Financial terms of the transaction are undisclosed.
About Piper JaffrayPiper Jaffray is a leading investment
bank and asset management firm serving clients in the U.S. and
internationally. Our proven advisory teams combine deep industry,
product and sector expertise with ready access to capital. Founded
in 1895, the firm is headquartered in Minneapolis and has offices
across the United States and in London, Zurich and Hong Kong*.
www.piperjaffray.com
* License pending
Cautionary Note Regarding Forward-Looking InformationThis
announcement contains forward-looking statements. Statements that
are not historical or current facts, including statements about
beliefs and expectations, are forward-looking statements. These
forward-looking statements cover, among other things, the future
prospects of the Company and the growth of our M&A advisory
services business. 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 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;
(2) the expected benefits of the transaction, including revenue
growth and realizable synergies for our M&A advisory services
business, 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; (3) 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 its M&A advisory services
business specifically; (4) 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, 2012, and updated in our subsequent
reports filed with the SEC. These reports are available at
www.piperjaffray.com or www.sec.gov. Forward-looking statements
speak only as of the date they are made, and we undertake no
obligation to update them in light of new information or future
events.
© 2013 Piper Jaffray Companies, 800 Nicollet Mall, Suite 1000,
Minneapolis, Minnesota 55402-7020
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