Piper Sandler Co`S Stock Price, News & Analysis

Piper Sandler Companies (NYSE: PIPR) has announced the election of Ann Gallo to its board of directors. Gallo brings extensive experience from her recent role as senior managing director and partner at Wellington Management Company, LLP, where she led the healthcare team managing over $60 billion in assets. Her expertise spans healthcare services, medical technology, and portfolio management.

Gallo's 25-year tenure at Wellington included serving on key committees and co-founding their private equity franchise. Prior to Wellington, she held positions at Alex. Brown & Sons and Piper Sandler. Chad Abraham, Piper Sandler's chairman and CEO, highlighted Gallo's valuable healthcare knowledge and financial services leadership as significant assets to the board, particularly given healthcare's importance to Piper Sandler's investment banking, public finance, and research businesses.

Piper Sandler Companies (NYSE: PIPR) has announced the addition of Steve Tipler as a managing director in their financial sponsors group. Tipler, with over 20 years of experience, was previously the head of North American private equity at Lazard Frères & Co. This move strengthens Piper Sandler's financial sponsors team and is expected to drive more opportunities for the entire investment banking group.

The announcement comes on the heels of Piper Sandler's recent acquisition of Aviditi Advisors, which will operate as the private capital advisory group in investment banking. This acquisition enhances Piper Sandler's ability to provide full lifecycle services to financial sponsor clients, including fundraising, secondary capital advisory, capital solutions, and GP stakes advisory.

Piper Sandler Companies (NYSE: PIPR) has strengthened its public finance team with the addition of Joe Kinder and Brent Blevins as managing directors. Both will focus on Missouri school districts and other governmental issuers, co-heading the Missouri public finance business. Kinder, with 17 years of experience, joins from Stifel Financial Corp., while Blevins brings five years of public finance experience and a background in education administration.

Kinder's expertise includes financial matters, bond elections, and budget management for Missouri school districts. Blevins specializes in developing financial plans and debt issuance for capital projects. Their combined experience and strong relationships are expected to contribute to Piper Sandler's goal of growing a national leading public finance franchise.

Scientia Vascular, a leader in neurovascular innovation, has secured $14 million in growth financing led by Piper Sandler Merchant Banking. This funding will support Scientia's ongoing commercialization of advanced neurovascular tools, enhancing treatment options for various cerebral vascular diseases. The company is known for its microfabrication technology, offering a comprehensive portfolio of neurovascular guidewires and developing highly differentiated micro and aspiration catheters.

Scientia recently launched its Plato 17 and Socrates 38 neurovascular catheters. The investment from Piper Sandler Merchant Banking aims to accelerate Scientia's growth and further its mission of developing state-of-the-art technology for patients with unmet needs. This partnership aligns with Piper Sandler's strategy of investing in companies with strong teams, innovative technology, and significant market opportunities.

Piper Sandler Companies (NYSE: PIPR) has appointed David Hunker as managing director and global head of activist defense and shareholder engagement within its investment banking platform. Hunker brings 18 years of experience in investment banking and shareholder activism defense. Prior to joining Piper Sandler, he was head of shareholder activism defense at Ernst & Young Capital Advisors and spent 15 years at J.P. Morgan Securities, where he founded and led their global shareholder activism defense practice.

James Baker, global co-head of investment banking and capital markets at Piper Sandler, emphasized the increasing importance of shareholder activism preparation and defense. Hunker expressed excitement about joining Piper Sandler, citing the firm's reputation as a trusted advisor and commitment to partnership as key factors in his decision.

Piper Sandler Companies (NYSE: PIPR) has announced the addition of Jeff Chen as a managing director to its chemicals investment banking team. Chen brings 16 years of experience from Lazard, Inc., where he led private market advisory within the chemicals and materials practice. His background also includes roles at 3M Company and other industry-related positions.

Mike Dillahunt, global co-head of investment banking and capital markets at Piper Sandler, expressed enthusiasm about Chen's addition, highlighting his reputation as a trusted advisor in the chemicals industry. Ariel Levin, global co-head of chemicals investment banking, emphasized Chen's expertise in sell-side transactions for financial sponsors and his potential to grow the corporate buy and sell-side practice.

Piper Sandler Companies (NYSE: PIPR) has successfully completed the acquisition of Aviditi Advisors, a premier alternative investment bank. Aviditi Advisors specializes in providing full lifecycle services to financial sponsors, global alternative investment managers, and partner investors.

The firm was co-founded by Ryan Schlitt and John Robertshaw, who bring over 50 years of combined experience in senior management roles within leading private placement and advisory groups. Following the acquisition, Aviditi Advisors will operate as Piper Sandler's private capital advisory group.

For the transaction, Piper Sandler was advised by Sullivan & Cromwell LLP, while Aviditi Advisors received counsel from Willkie Farr & Gallagher LLP, Mayer Brown LLP, and Keefe, Bruyette & Woods.

Piper Sandler Companies (NYSE: PIPR) has announced that its board of directors has approved equity awards under the 2024 employment inducement award plan in connection with the pending acquisition of Aviditi Capital Advisors, The firm will grant up to $12.4 million in restricted shares of Piper Sandler common stock to 19 current Aviditi Advisors employees who will join Piper Sandler post-acquisition. The restricted stock will be issued immediately after the closing and will be subject to specific terms and conditions. The stock value will be based on the 10-day volume-weighted average trading price on the NYSE, ending three days before the closing date. These awards are intended to aid in employee retention and are granted under the NYSE's employment inducement awards exemption.

Piper Sandler Companies (NYSE: PIPR) has announced the release of its second quarter 2024 financial results. The company has also increased its quarterly dividend to $0.65 per share. Investors and analysts can access the full earnings report on the company's website at pipersandler.com/earnings.

An earnings conference call is scheduled for Friday, August 2, 2024, at 7:00 a.m. CT. Interested parties can join the call using the provided dial-in numbers and passcode. Additionally, an audio webcast of the conference call will be available, and a playback will be accessible on the company's website approximately three hours after the event.