Chardan Acts as M&A and Lead Financial Advisor in Neos sale to Sky
Chardan has announced its role as the lead financial advisor in the sale of Neos, a smart home technology provider, from Aviva to Sky, a part of Comcast (NASDAQ: CMCSA).
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Rhea-AI Summary
Chardan has announced its role as the lead financial advisor in the sale of Neos, a smart home technology provider, from Aviva to Sky, a part of Comcast (NASDAQ: CMCSA). This strategic acquisition aligns with Sky's plan to enhance its connected home strategy. Chardan's expertise has been pivotal in numerous fintech transactions, reflecting its commitment to disruptive fintech M&A. Recent examples include advisory roles in ThinkMarkets' $10 million capital raise and a $1.34 billion business combination between Quantum FinTech and TradeStation.
Positive
- Sky's acquisition of Neos will accelerate its connected home strategy.
- Chardan's successful advisory role in high-value fintech transactions showcases its strong market position.
Negative
- None.
Details
News Market Reaction – CMCSA
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NEW YORK, April 20, 2022 /PRNewswire/ -- Chardan, a global investment bank, has announced its role as lead financial advisor in the sale of Neos, a provider of smart home technology, from Aviva plc (AV.LN) to Sky. Sky is Europe's leading media and entertainment company and part of Comcast Corporation (NASDAQ: CMCSA), a global media and technology company. The transaction will provide Sky the opportunity to accelerate its connected home strategy.
"We are delighted to support the outstanding team at Neos in the sale of their company. Neos' smart home technology fits well into Sky's capabilities of delivering best-in-class content to its customers through connected solutions," said Alex Weil, Chardan's Co-head of FinTech Investment Banking.
This transaction further demonstrates Chardan's commitment to disruptive fintech M&A, through its ability to provide differentiated advisory services via competitive positioning, sectoral insights, valuation, and strategic relationships.
Richard Korhammer, Chardan's Co-head of FinTech Investment Banking added, "Chardan's FinTech practice has grown significantly over the past 12 months. We've advised or led several exciting technology-oriented transactions like Neos, and more recently, we have been active in the trading platform and crypto spaces. We look forward to continued support for our corporate and SPAC clients."
Recent fintech-focused transactions include: ThinkMarkets', a multi-asset, multi-geography on-line trading platform,
About Chardan
Chardan is an independent global investment bank specializing in healthcare, disruptive technologies, and SPACs. Our range of services include capital raising, merger and acquisition advisory, strategic advisory, equity research, corporate access, and institutional trading. Headquartered in New York City, Chardan is a registered broker-dealer with the U.S. Securities and Exchange Commission and is a member of the following: FINRA, SIPC, NASDAQ and the NYSE Arca, Inc.
Learn more about Chardan at www.chardan.com
Media Inquiries:
Emily Levine, Chardan
elevine@chardan.com
(646) 465-9018
Margaret Gaenzle, Prosek Partners
mgaenzle@prosek.com
(804) 714-8848
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SOURCE Chardan