Piper Sandler Co`S Stock Price, News & Analysis

Piper Sandler Companies (NYSE: PIPR) has appointed Robbin Mitchell to its board of directors. With extensive experience in consulting and executive roles in the retail and apparel sectors, including at Boston Consulting Group and Ralph Lauren, Mitchell is expected to enhance the firm’s consumer industry expertise. Piper Sandler's CEO, Chad Abraham, expressed excitement about her joining, believing her background will contribute to the company's growth and shareholder value. Mitchell holds degrees from Stanford University and Harvard University.

Piper Sandler (NYSE: PIPR) has appointed Christian Hess as managing director and European head of financial sponsors in its London office. With over 30 years of experience, Hess previously led private equity client groups at Investec and co-founded the European financial sponsors group at UBS. His addition aims to strengthen Piper Sandler's connections with European sponsors and enhance its cross-border transaction capabilities. David Lee, Piper Sandler's global head of financial sponsors, highlighted Hess's role in providing actionable deal flow and insights to their domestic clients.

Piper Sandler Companies (NYSE: PIPR) has appointed Charles Neivert as managing director and senior research analyst to enhance its equity research in the Chemicals & Agriculture sector, based in New York. Neivert, who brings over 30 years of experience, previously worked at Cowen and has a strong background in the chemicals field, including co-founding New Vernon Associates. This move signifies Piper Sandler's strategic expansion into a new vertical, building on its investment in the chemicals sector.

Piper Sandler Companies (NYSE: PIPR) has announced its latest financial results, underscoring its commitment to partnership-driven investment banking services. Details on earnings can be accessed at pipersandler.com/earnings. The company operates globally, providing a range of services through its affiliates, including securities brokerage and private equity strategies. The press release provides insights into recent performance metrics and strategic initiatives aimed at enhancing shareholder value.

Piper Sandler Companies (NYSE: PIPR) is set to announce its second quarter 2021 financial results on July 30, 2021, before market opening. The earnings will be accessible on the firm’s website. Following the release, a conference call will occur at 9 a.m. ET, hosted by key executives including Chairman Chad Abraham. Participants can join by phone using the provided reservation number. A replay of the call will be available shortly after, along with an audio webcast on their website.

Piper Sandler & Co. announced it has advised Falcon Private Holdings on the sale of Aristech Surfaces LLC to Trinseo for $445 million. This acquisition will enhance Trinseo’s Engineered Materials segment. The transaction is expected to finalize within the year, pending regulatory approvals. Aristech is recognized for manufacturing continuous cast acrylic sheets utilized in various sectors, including wellness and construction. Trinseo, a global materials solutions provider, reported approximately $3.0 billion in net sales in 2020.

Piper Sandler advised PTT Global Chemical Public Company Limited on its acquisition of Allnex for €4.0 billion (approx. $4.75 billion). Allnex, a leader in specialty chemical coatings, reported revenues of €2 billion and an EBITDA margin of 17-19%. The acquisition, pending regulatory approvals, is expected to close in Q4 2021. PTTGC, a major player in the petrochemical sector, will benefit from Allnex's extensive global network of 33 manufacturing sites and 23 research facilities, enhancing its position in the industry.

Piper Sandler Companies (NYSE: PIPR) has announced the hiring of Benj Becker to enhance its special district group in Utah. Becker, with over 15 years of experience in real estate consulting from Zions Public Finance, will aid in funding public infrastructure projects through public infrastructure districts and tax-increment financing. The special district group, comprising over 20 professionals, aims to leverage local expertise to meet the unique needs of Utah clients while drawing on national debt structuring knowledge.

Piper Sandler & Co. has acted as the financial advisor for Platinum Equity in acquiring Solenis for an enterprise value of $5.25 billion. The acquisition involves merging Solenis with Sigura Water, another Platinum Equity portfolio company, for a total transaction value of approximately $6.5 billion. The combined company is projected to generate $3.5 billion in revenue, targeting diverse markets in water treatment. Completion of the acquisition is expected by the end of 2021, pending regulatory approvals.