Stifel to acquire European investment bank
Published in Business News
ST. LOUIS — Stifel Financial Corp. on Monday announced it will acquire an investment bank focused on European health care and technology companies.
Terms of the deal with Paris-based Bryan, Garnier & Co. was not disclosed, but Stifel said in a release that the acquisition will boost its growth in the health care and technology sectors.
Bryan, Garnier & Co. advises on mergers, acquisitions and private and public growth financing. It employs about 200 people.
"This combination is a logical next step in the evolution of Stifel’s global advisory business,” Stifel Chairman and CEO Ronald Kruszewski said in a statement.
Stifel reported $1.2 billion in net revenues in the third quarter of 2024, an increase of $200 million over the same period last year.
The company is based in downtown St. Louis.
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