Piper Sandler Companies reports news on its investment banking and institutional securities business, including advisory services, equity and debt capital markets, public finance, institutional brokerage, research, fixed income, and alternative asset management activities. Coverage commonly includes financial results, dividends, capital actions, and updates to teams serving corporate, private equity, public entity, nonprofit, and institutional investor clients.
Company announcements also cover platform expansion in areas such as distressed debt, special assets, healthcare investment banking, life sciences outsourcing, B2B med tech, and fixed income. Governance-related news includes board appointments and other corporate updates tied to the firm’s public-company structure.
Piper Sandler Companies (NYSE: PIPR) has successfully closed its Piper Heartland Healthcare Crossover Fund I with over $200 million in committed capital, marking a significant addition to its healthcare investment platform. The Fund has already deployed around $40 million across seven investments, focusing on innovative sectors including biotech, med-tech, and healthcare information. CEO Chad Abraham highlighted the Fund's potential to support healthcare companies and deliver exceptional returns to investors.
Piper Sandler (NYSE: PIPR) announced the addition of six professionals to its special district group, expanding its team to nearly 30 members. Recent hires include Sheila Mares and Ludvig Ragnarsson, with Mares overseeing strategic initiatives and Ragnarsson joining the quantitative team. The firm has notably led in metro district financings in Colorado and Public Infrastructure District debt issuance in Utah. In 2021, they closed more financings than all competitors combined, reaffirming their market-leading status in special district finance.
Piper Sandler Companies (NYSE: PIPR) reported a record year for its technology investment banking group, driven by strong M&A advisory and equity capital market transactions. The firm announced the addition of managing director Joe Morgan and director Jack Robbins to strengthen its capabilities. Morgan, formerly co-head of technology investment banking at D.A. Davidson, brings extensive experience, having executed over 60 assignments worth nearly $26 billion. Robbins, with nearly a decade in technology banking, adds further expertise. The firm aims to provide top-tier investment banking services.
Piper Sandler (NYSE: PIPR) has announced its latest financial results, highlighting its commitment to investment banking and partnership-driven services. For detailed earnings, visit pipersandler.com/earnings. The company operates across the US, UK, and Hong Kong, offering a range of financial services including alternative asset management. The firm continues to focus on delivering value to clients and shareholders alike.
Piper Sandler Companies (NYSE: PIPR) has completed the acquisition of Cornerstone Macro, enhancing its macro research capabilities. Cornerstone Macro is known for its top-ranked research in the Institutional Investor All-America Research Survey. This acquisition will integrate Cornerstone's macro insights with Piper Sandler's extensive equity derivatives trading team, which covers over 1,000 companies. The deal is expected to strengthen Piper Sandler's market position in the small & mid-cap category.
Piper Sandler Companies (NYSE: PIPR) will announce its fourth quarter and full year 2021 financial results before the market opens on February 10, 2022. The earnings release will be accessible on their website. A conference call is scheduled for 9 a.m. ET the same day, featuring CEO Chad Abraham, President Debbra Schoneman, and CFO Tim Carter. Participants can join via phone or through a live audio webcast on the company’s site. The recording of the call will be available for three hours post-call.
Piper Sandler Companies (NYSE: PIPR) has announced the acquisition of Stamford Partners LLP, a London-based M&A boutique specializing in the European food and beverage sector. This strategic move enhances Piper Sandler's advisory capabilities in Europe and allows for market expansion. The deal, which is expected to close in Q1 2022, aims to create significant growth opportunities by leveraging Stamford Partners' expertise. The transaction is subject to regulatory approvals.
Piper Sandler Companies (NYSE: PIPR) has announced the appointment of Dave Westenberg as managing director and senior research analyst, focusing on the life science tools & diagnostics sector. Westenberg joins from Guggenheim Partners, bringing over eight years of experience in equity research. His educational background includes a B.S. from San Francisco State University and a Master’s in Finance from Università Bocconi. The addition strengthens Piper Sandler's growing Healthcare platform, aimed at capitalizing on the rapid growth and innovation within this sector.
Piper Sandler's Special District Group announced securing financing for public infrastructure in Colorado, facilitating the construction of over 50,000 new homes and 2,300 acres of parks. This initiative represents a total estimated project value exceeding $33 billion. The team's efforts are crucial in addressing Colorado's housing shortage amid a significant population increase of 14% since 2010. Recent financing has enabled six master-plan residential developments in Weld County, contributing to local housing efforts.
Piper Sandler Companies (NYSE: PIPR) has authorized a new share repurchase program of $150 million to enhance shareholder value and counteract equity dilution from employee compensation. This buyback plan starts on January 1, 2022, following the expiration of a similar program on December 31, 2021. As of October 29, 2019, the company had approximately 17.9 million shares outstanding. The program reflects the company’s commitment to capital allocation and shareholder returns amidst operational conditions.