NEW
YORK, Oct. 31, 2024 /PRNewswire/ --
Piper Sandler Companies (NYSE: PIPR), a leading
investment bank, and BC Partners Credit, the $8 billion credit arm of international investment
firm BC Partners, today announced a strategic alliance. The
alliance, which leverages the expertise and broad networks of Piper
Sandler's Financial Services Debt Capital Markets team and BC
Partners Credit, paves the way for Piper Sandler's clients across
the financial services sector to best access the debt capital
markets with customized structures and financing solutions as they
grow their businesses. The firms anticipate additional
institutional investors will join the alliance over time to further
complement and support future growth across sectors.
Over the past decade, the Piper Sandler Financial Services Debt
Capital Markets team has developed a specialized niche in managing
debt transactions for regional and community banks, as well as
non-bank specialty finance companies across the entire financial
sector, executing more than 550 transactions and generating nearly
$40 billion in gross proceeds.
Leveraging its strong investment banking relationships, Piper
Sandler expects to continue sourcing new debt mandates, ensuring a
robust pipeline of opportunities, to provide bank and non-bank
clients with a full suite of balance sheet, capital and funding
solutions. While continuing traditional syndicated debt offerings
in public and private markets, the strategic alliance with BC
Partners Credit presents a supplementary avenue for growth and
innovation in balance sheet solutions.
"Since the Federal Reserve's historic rate-hiking campaign and
the multiple bank failures in the spring of 2023, it has become
significantly more challenging for small-cap, mid-cap, and
privately-owned banks, as well as non-bank financial companies, to
execute debt capital market financings," said Jacques de Saint Phalle, Head of Piper Sandler
Financial Services Debt Capital Markets. "BC Partners Credit's
substantial capital base and extensive distribution networks will
significantly bolster our market-leading transactional distribution
platform."
BC Partners Credit is a fully diversified credit manager with a
track record of providing bespoke capital solutions to companies
across a range of industries, including banks, specialty finance
companies, fintech platforms, insurers, and asset managers. In
addition to providing capital, BC Partners Credit also has a
dedicated team focused on managing the assets of insurance and
re-insurance companies.
"We are excited to collaborate with Piper Sandler, offering
their clients a comprehensive suite of financial solutions that can
help propel their businesses" said Ted
Goldthorpe, Head of BC Partners Credit. "As a fully
diversified credit manager, with deep pools of capital and a vast
network, we are well positioned to provide anchor demand, driving
optimal structure and pricing. Likewise, our limited partners will
have access to many compelling investment opportunities across the
capital structure, with strong projected returns."
Supporting this partnership will be Sam
Reinhart, a newly appointed Managing Director and Head of
FIG Solutions at BC Partners Credit. Reinhart previously served as
Head of Banks and Diversified Financials at UBS Group AG and began
his career working with Jacques de Saint
Phalle. Mr. Reinhart said, "I'm excited to once again
partner with Jacques and the Piper Sandler team to deliver
efficient and innovative capital solutions to their exceptional
financial services client base."
ABOUT PIPER SANDLER
Piper Sandler Companies (NYSE:
PIPR) is a leading investment bank driven to help clients Realize
the Power of Partnership®. Securities brokerage and investment
banking services are offered in the U.S. through Piper Sandler
& Co., member SIPC and NYSE; in the U.K. through Piper Sandler
Ltd., authorized and regulated by the U.K. Financial Conduct
Authority; in the EU through Aviditi Capital Advisors Europe GmbH,
a tied agent of AHP Capital Management GmbH, authorized and
regulated by BaFin; and in Hong
Kong through Piper Sandler Hong Kong Limited, authorized and
regulated by the Securities and Futures Commission. Alternative
asset management and fixed income advisory services are offered
through separately registered advisory affiliates.
Follow Piper Sandler: LinkedIn | Facebook | X
ABOUT BC PARTNERS AND BC PARTNERS CREDIT
BC Partners
is a leading international investment firm in private equity,
private debt, and real estate strategies. BC Partners Credit was
launched in February 2017, with a
focus on identifying attractive credit opportunities in any market
environment, often in complex market segments. The platform
leverages the broader firm's deep industry and operating resources
to provide flexible financing solutions to middle-market companies
across Financial Services, Business Services, Industrials,
Healthcare and other select sectors. For further information, visit
www.bcpartners.com/credit-strategy.
MEDIA CONTACTS
Piper Sandler
Nick
Lawler
212-891-8954
nick.lawler@psc.com
BC Partners
Luke
Charalambous
Luke.charalambous@BCPartners.com
+44 7775 180 721
Kekst CNC
Shea.Vilardi@kekstcnc.com /
Daniel.Yunger@kekstcnc.com
View original
content:https://www.prnewswire.com/news-releases/piper-sandler-and-bc-partners-credit-announce-strategic-alliance-302292685.html
SOURCE BC Partners/Piper Sandler