Piper Sandler Co`S Stock Price, News & Analysis

Piper Sandler Companies (NYSE: PIPR) has successfully completed the acquisition of Stamford Partners LLP, enhancing its M&A advisory capabilities in the European consumer sector. This strategic partnership, characterized by a commitment to client service and shared vision, expands Piper Sandler's investment banking presence in Europe. The London-based Stamford team, led by partners Damian Thornton, Simon Milne, and Alastair Mathieson, is renowned for its tailored advisory services. Piper Sandler aims to leverage this acquisition to drive growth in its consumer advisory business.

Piper Sandler Companies (NYSE: PIPR) has announced the addition of Steven Hull and Frank Damian to its DIS investment banking group in Chicago. Hull, former managing director at BMO Capital Markets, brings extensive experience in mergers & acquisitions and debt capital markets in the transportation and logistics sector. Damian also joins from BMO Capital Markets, having led M&A and capital offerings. Both are expected to enhance Piper Sandler's capabilities in this sector.

Moxe, a leader in healthcare interoperability, secured $30 million in Series B funding led by Piper Sandler Merchant Banking and Vensana Capital. This financing aims to enhance the company's clinical data exchange solutions and expand its team to meet market demand. Currently serving payers representing 75 million lives and over 60 hospital systems, Moxe is focused on improving payer-provider collaboration and reducing administrative waste. The funding validates Moxe's position as a leader in healthcare interoperability.

Piper Sandler & Co. has advised PETRONAS Chemicals Group Berhad (PCG) on its acquisition of Perstorp Holding AB for an Enterprise Value of €2,300 million and a base purchase price of €1,538 million, net of adjusted debt. The deal is anticipated to close in Q3 2022, pending customary conditions. PCG is a leading chemicals producer in Malaysia and Southeast Asia, with a production capacity of 12.8 million metric tons annually. This strategic acquisition will enhance PCG's portfolio in specialty chemicals, strengthening its market position.

Piper Sandler Companies (NYSE: PIPR) announces the hiring of Mike Genereux as a managing director in its New York office. Genereux brings 28 years of investment banking experience, having served at notable firms like Perella Weinberg Partners and Blackstone. His expertise will strengthen Piper Sandler's restructuring group, TRS Advisors, enhancing their ability to provide exceptional restructuring advice. The firm aims to leverage his skills to serve a broader client base and achieve strategic growth.

Piper Sandler Companies (NYSE: PIPR) has appointed Shiva Kumar as managing director and head of mobility technology in San Francisco. Kumar brings over 20 years of experience from his previous role as CFO at Ridecell and as a senior vice president at Jefferies. He aims to address the complex challenges in the rapidly evolving mobility sector. The firm seeks to enhance its advisory services in the electric vehicle and mobility market, emphasizing teamwork and innovative solutions for clients in this dynamic field.

Piper Sandler Companies (NYSE: PIPR) has authorized a $150 million share repurchase program effective immediately, set to expire on December 31, 2024. This initiative aims to enhance shareholder value and counteract the dilutive impact of employee equity-based compensation. The new program adds to an existing $43 million authorization, which is set to expire on December 31, 2023. These steps are part of the company’s strategic capital allocation.

Piper Sandler Companies (NYSE: PIPR) has released its latest financial results, emphasizing its commitment to delivering partnership-driven investment banking services. The earnings release is available on their website. Piper Sandler operates in the U.S., U.K., and Hong Kong, and provides a range of financial services including securities brokerage and asset management. Investors can follow Piper Sandler for updates on their financial performance and market activities.

Piper Sandler Companies (NYSE: PIPR) has bolstered its municipal and specialty finance/high-yield practice with the hiring of Andrew Deming as a managing director in the Minneapolis office. Deming, with nearly 20 years of experience in public finance and financial structuring, aims to enhance underwriting and deal structuring within the firm. This strategic addition follows other recent hires, including Michael Milewski and Frank Hammond, aiming to strengthen Piper Sandler’s fixed income platform and improve client services.