Piper Sandler to Purchase DBO Companions Rising Know-how Funding Banking

MINNEAPOLIS–(BUSINESS WIRE)–Piper Sandler Corporations (NYSE: PIPR), a number one funding financial institution, introduced at the moment that it has entered right into a definitive settlement to amass DBO Companions, an impartial know-how funding banking agency within the San Francisco Bay Space.

Based in 2012, DBO Companions gives trusted, client-focused M&A and capital elevating options to main private and non-private firms, non-public fairness, enterprise capital and different funding companies. The crew has led lots of the largest and most complicated transactions for its shoppers in key know-how verticals, together with software program, safety, engineering, semiconductors & infrastructure and rising know-how. As well as, DBO Companions’ devoted non-public fairness normal associate advisory providers will add a brand new and rising functionality to the Piper Sandler funding banking platform. Notable transactions embody AMD’s $35 billion acquisition of Xilinx, Dell Applied sciences $4 billion sale of Boomi and Thoma Bravo’s sale of a majority stake in Centrify to TPG.

“The DBO crew has constructed an distinctive apply advising main international firms on their most vital transactions. The addition of DBO considerably will increase our presence and capabilities within the know-how sector and is a vital step in direction of constructing a number one know-how funding banking apply,” mentioned Michael Dillahunt, international co-head of funding banking and capital markets at Piper Sandler.

DBO is co-led by three founding companions every with over 35 years of {industry} expertise: Gordon Dean, Mark Bradley and Nick Osborne. Dean joined Morgan Stanley in 1986 the place he rose to change into a managing director, co-head of the western area and vice chairman of funding banking. Bradley began his profession with Morgan Stanley in 1985 the place he spent 25 years, together with as the worldwide head of the monetary sponsors group from 2000–2012 and a member of the Funding Banking Administration Committee. Osborne additionally joined DBO from Morgan Stanley the place he was the pinnacle of world know-how mergers & acquisitions. They’re joined by Brian White, who has constructed a number one safety funding banking enterprise at DBO.

“We selected Piper Sandler as a result of we share a client-first tradition and so they have a confirmed observe document of including profitable, industry-focused, advisory companies and enabling them with extra capabilities and sources to offer enhanced options for shoppers and alternatives for his or her groups,” commented Nick Osborne, co-founder of DBO. “Importantly, the partnership with Piper Sandler is extremely complementary to our enterprise, with Piper Sandler’s present crew of proficient know-how banking professionals. Collectively we’ll proceed to supply distinctive service and outcomes to our shoppers with extra merchandise, together with debt and fairness capital markets, extra vertical experience and extra sources.”

The crew together with the three co-founders can be built-in into the Piper Sandler know-how funding banking group. Nick Osborne can be named co-head of know-how funding banking alongside present know-how group head Steve Schmidt. Collectively, they’ll lead a gaggle of over 50 funding banking professionals. Gordon Dean can be named vice chairman, funding banking, Mark Bradley can be named chairman, monetary sponsor protection and Brian White can be named head of safety and protection know-how. Piper Sandler’s expanded know-how crew will function an vital pillar of progress for the agency’s funding banking enterprise.

“We’re thrilled so as to add DBO’s tenured crew to our platform on the heels of what was a record-breaking yr for our know-how funding banking group in 2021. We sit up for combining our experience to construct a market-leading franchise,” mentioned Steve Schmidt, head of know-how funding banking at Piper Sandler.

The transaction is predicted to shut within the fourth quarter of 2022 and is topic to customary closing circumstances

Piper Sandler was suggested by Sullivan and Cromwell LLP. Wachtell, Lipton, Rosen and Katz served as authorized advisor and KBW served as monetary advisor to DBO Companions in reference to the transaction.

About DBO Companions

DBO Companions is an impartial know-how funding banking agency headquartered within the San Francisco Bay Space, whose companions advise international leaders on their most vital strategic and monetary transactions. The crew of veteran advisors have led lots of the largest and most complicated transactions for main international firms and personal fairness companies in a number of key verticals throughout the know-how panorama, together with software program, safety, engineering, semiconductors & infrastructure and rising know-how. The agency gives experience in mergers and acquisitions, leveraged buyouts, restructurings, debt and fairness capital elevating, shareholder relations and financing, and normal associate advisory providers. Study extra at dbopartners.com.

About Piper Sandler

Piper Sandler is a number one funding financial institution pushed to assist shoppers Notice the Energy of Partnership®. By way of a definite mixture of candid counsel, targeted experience and empowered workers, we ship perception and affect to every relationship. Our confirmed advisory groups mix deep product and sector experience with prepared entry to international capital. Based in 1895, the agency is headquartered in Minneapolis with places of work throughout the US and in London, Aberdeen and Hong Kong. Study extra at PiperSandler.com.

Cautionary Observe Relating to Ahead-Wanting Data

This announcement comprises forward-looking statements. Statements that aren’t historic or present information, together with statements about beliefs and expectations, are forward-looking statements. These forward-looking statements cowl, amongst different issues, the long run prospects and progress of the Firm. Ahead-looking statements contain inherent dangers and uncertainties, and vital components may trigger precise outcomes to vary materially from these anticipated, together with the next: (1) the transaction described on this announcement is topic to customary closing circumstances and should not shut on the anticipated timing or in any respect; (2) the prices or difficulties regarding the mixture of the companies could also be larger than anticipated and should adversely have an effect on our outcomes of operations and monetary situation and our skill to appreciate anticipated synergies from the transaction; (3) the anticipated advantages of the transaction might take longer than anticipated to realize and is probably not achieved of their entirety or in any respect, and can partly rely on the power of the Firm to retain and rent key personnel and preserve relationships with its shoppers; (4) developments in market and financial circumstances have previously adversely affected, and should sooner or later adversely have an effect on, the enterprise and profitability of the Firm typically and its funding banking enterprise particularly; and (5) different components recognized below “Threat Components” in Half I, Merchandise 1A of our Annual Report on Type 10-Okay for the yr ended December 31, 2021, and up to date in our subsequent experiences filed with the SEC. These experiences can be found at www.pipersandler.com or www.sec.gov. Ahead-looking statements converse solely as of the date they’re made, and we undertake no obligation to replace them in mild of latest data or future occasions.

Piper Sandler Corporations (NYSE: PIPR) is a number one funding financial institution pushed to assist shoppers Notice the Energy of Partnership®. Securities brokerage and funding banking providers are supplied within the U.S. by Piper Sandler & Co., member SIPC and NYSE; in Europe by Piper Sandler Ltd., licensed and controlled by the U.Okay. Monetary Conduct Authority; and in Hong Kong by Piper Sandler Hong Kong Restricted, licensed and controlled by the Securities and Futures Fee. Various asset administration and glued revenue advisory providers are supplied by individually registered advisory associates.

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©2022. Since 1895. Piper Sandler Corporations. 800 Nicollet Mall, Minneapolis, Minnesota 55402-7036


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