Piper Sandler Acquires Aviditi Advisors

Author

Slice of Finance Team
12 Jun

Key Highlights:

  • Piper Sandler to acquire Aviditi Advisors, a premier alternative investment bank.

  • Aviditi Advisors to form Piper Sandler’s private capital advisory group.

  • Transaction expected to close in late third quarter of 2024.

  • Aviditi has advised on over $30 billion of transactions since 2020.

Source (Business Wire)

Notable Quotes

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“Ryan and John have built a tremendous team and business, and one that is highly complementary to our leading, private equity-focused advisory platform.”

Mike Dillahunt, Global Co-Head of Investment Banking at Piper Sandler
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“We are extremely excited to be joining the Piper Sandler platform. It represents the next chapter of growth for our firm and service capabilities.”

Ryan Schlitt, Chief Executive Officer and Co-Founder at Aviditi Advisors

Our Take:

The acquisition of Aviditi Advisors by Piper Sandler marks a strategic enhancement to its investment banking capabilities, particularly in the private capital advisory domain. Aviditi's robust track record and integrated service model significantly bolster Piper Sandler’s offerings, providing comprehensive lifecycle services to financial sponsors and global alternative investment managers. This move is poised to deliver substantial value to Piper Sandler’s largest client base, underscoring the firm's commitment to growth and excellence in the financial services industry. As the transaction awaits regulatory approval, the combined expertise and expanded service portfolio are anticipated to drive new opportunities and further solidify Piper Sandler's position as a leader in investment banking.