J.V.B. Financial Group, LLC Launches SPAC-Focused Equity Trading Platform
Cohen & Company (NYSE American: COHN) subsidiary J.V.B. Financial Group (JVB) has launched a new SPAC-focused equity trading platform in New York. The platform leverages expertise from Cohen & Company Capital Markets (CCM), a division of JVB established in 2021 that provides M&A, capital markets, and SPAC advisory services.
CCM has emerged as a leading SPAC advisor, having advised on 50 announced or closed de-SPAC transactions since 2022, ranking first for three consecutive years. In 2024, CCM expanded into SPAC IPO underwriting, becoming a leading bookrunner.
The new platform will be led by Perry Choset as Managing Director and Head of SPAC/Equity Strategy, bringing nearly 30 years of experience, and Brandon Brenner as Managing Director and Head of SPAC Trading, both industry veterans with extensive SPAC trading expertise.
Cohen & Company (NYSE American: COHN) ha lanciato una nuova piattaforma di trading azionario focalizzata sui SPAC a New York tramite la sua controllata J.V.B. Financial Group (JVB). La piattaforma sfrutta l'esperienza di Cohen & Company Capital Markets (CCM), una divisione di JVB fondata nel 2021 che fornisce servizi di consulenza in M&A, mercati dei capitali e SPAC.
CCM è emersa come un consulente leader nel settore SPAC, avendo assistito in 50 transazioni de-SPAC annunciate o concluse dal 2022, classificandosi al primo posto per tre anni consecutivi. Nel 2024, CCM si è espansa nell'underwriting di IPO SPAC, diventando un bookrunner di riferimento.
La nuova piattaforma sarà guidata da Perry Choset come Direttore Generale e Responsabile della Strategia SPAC/Azioni, con quasi 30 anni di esperienza, e Brandon Brenner come Direttore Generale e Responsabile del Trading SPAC, entrambi veterani del settore con una vasta esperienza nel trading di SPAC.
Cohen & Company (NYSE American: COHN) ha lanzado una nueva plataforma de negociación de acciones centrada en SPAC en Nueva York a través de su subsidiaria J.V.B. Financial Group (JVB). La plataforma aprovecha la experiencia de Cohen & Company Capital Markets (CCM), una división de JVB establecida en 2021 que ofrece servicios de asesoría en M&A, mercados de capitales y SPAC.
CCM se ha consolidado como un asesor líder en SPAC, habiendo asesorado en 50 transacciones de de-SPAC anunciadas o cerradas desde 2022, ocupando el primer lugar durante tres años consecutivos. En 2024, CCM se expandió al underwriting de IPO de SPAC, convirtiéndose en un bookrunner líder.
La nueva plataforma será dirigida por Perry Choset como Director General y Jefe de Estrategia de SPAC/Acciones, aportando casi 30 años de experiencia, y Brandon Brenner como Director General y Jefe de Trading de SPAC, ambos veteranos de la industria con amplia experiencia en trading de SPAC.
코헨 앤 컴퍼니 (NYSE American: COHN)의 자회사 J.V.B. 금융 그룹(JVB)이 뉴욕에서 SPAC 중심의 주식 거래 플랫폼을 출시했습니다. 이 플랫폼은 2021년에 설립된 JVB의 부서인 코헨 앤 컴퍼니 자본 시장(CCM)의 전문성을 활용합니다. CCM은 M&A, 자본 시장 및 SPAC 자문 서비스를 제공합니다.
CCM은 2022년 이후 50건의 발표된 또는 완료된 de-SPAC 거래에 대해 자문을 제공하여 3년 연속 1위를 차지하며 SPAC 자문 분야의 선두주자로 부상했습니다. 2024년에는 SPAC IPO 인수업무로 확장하여 주요 북러너가 되었습니다.
새로운 플랫폼은 Perry Choset가 SPAC/주식 전략의 전무이사 겸 책임자로, 거의 30년의 경험을 바탕으로 이끌고, Brandon Brenner가 SPAC 거래의 전무이사 겸 책임자로 함께 하며, 두 사람 모두 SPAC 거래에 대한 광범위한 전문성을 가진 업계 베테랑입니다.
Cohen & Company (NYSE American: COHN) a lancé une nouvelle plateforme de trading axée sur les SPAC à New York via sa filiale J.V.B. Financial Group (JVB). La plateforme s'appuie sur l'expertise de Cohen & Company Capital Markets (CCM), une division de JVB créée en 2021 qui fournit des services de conseil en M&A, marchés de capitaux et SPAC.
CCM s'est imposée comme un conseiller SPAC de premier plan, ayant conseillé sur 50 transactions de de-SPAC annoncées ou conclues depuis 2022, se classant première pendant trois années consécutives. En 2024, CCM s'est étendue à l'underwriting d'IPO SPAC, devenant un bookrunner de premier plan.
La nouvelle plateforme sera dirigée par Perry Choset en tant que Directeur Général et Responsable de la Stratégie SPAC/Actions, apportant près de 30 ans d'expérience, et Brandon Brenner en tant que Directeur Général et Responsable du Trading SPAC, tous deux vétérans de l'industrie avec une vaste expertise en trading de SPAC.
Cohen & Company (NYSE American: COHN) hat über ihre Tochtergesellschaft J.V.B. Financial Group (JVB) eine neue SPAC-fokussierte Aktienhandelsplattform in New York gestartet. Die Plattform nutzt das Fachwissen von Cohen & Company Capital Markets (CCM), einer 2021 gegründeten Abteilung von JVB, die M&A-, Kapitalmarkt- und SPAC-Beratung anbietet.
CCM hat sich als führender SPAC-Berater etabliert und hat seit 2022 50 angekündigte oder abgeschlossene de-SPAC-Transaktionen beraten, was sie drei Jahre in Folge an die Spitze brachte. Im Jahr 2024 erweiterte CCM ihr Geschäft auf das Underwriting von SPAC-IPO und wurde zu einem führenden Bookrunner.
Die neue Plattform wird von Perry Choset als Geschäftsführer und Leiter der SPAC/Aktienstrategie geleitet, der fast 30 Jahre Erfahrung mitbringt, und Brandon Brenner als Geschäftsführer und Leiter des SPAC-Handels, beide sind Branchenveteranen mit umfassender Erfahrung im SPAC-Handel.
- Expansion into SPAC equity trading platform creates new revenue stream
- Leading position in SPAC advisory with 50 de-SPAC transactions since 2022
- Successfully expanded into SPAC IPO underwriting in 2024
- Strategic hire of experienced industry veterans for platform leadership
- None.
Insights
Cohen & Company's launch of a SPAC-focused equity trading platform through J.V.B. Financial Group represents a strategic vertical integration of their SPAC-related service offerings. This move creates a synergistic opportunity to complement their already successful SPAC advisory business, which has advised on 50 transactions since 2022—leading the industry for three consecutive years.
The company is executing a clear strategy to establish a comprehensive SPAC ecosystem within their business model. By adding trading capabilities to their existing advisory and underwriting services, Cohen is positioning itself to capture additional revenue streams across the SPAC lifecycle. The platform enables them to monetize their market intelligence and relationships with institutional investors.
The recruitment of seasoned professionals with specialized SPAC trading expertise indicates a serious commitment to this business expansion. Perry Choset brings nearly 30 years of special situations/SPAC equity experience, while Brandon Brenner adds valuable trading infrastructure knowledge from his time building StoneX Group's SPAC desk.
This initiative should enhance their competitive positioning against larger financial institutions that may not have dedicated SPAC trading capabilities. For a company with a modest
Cohen's expansion into SPAC-focused equity trading leverages their established market position at a strategic time. After experiencing volatility over recent years, the SPAC market has matured and consolidated around specialized players like Cohen, who have demonstrated staying power and execution capability.
The company's decision to add trading capabilities creates a full-service SPAC platform that few competitors can match. Cohen has strategically built credibility through their advisory work before expanding into underwriting in 2024, and now trading—following a logical progression that builds upon proven expertise rather than chasing market trends.
By bringing trading in-house, Cohen can potentially enhance execution quality for their underwriting clients, creating a virtuous cycle that strengthens their competitive position. The platform should also generate valuable market intelligence that can inform their advisory and underwriting businesses.
The specific focus on SPACs allows Cohen to carve out a defensible niche in a specialized market segment where large universal banks may not dedicate significant resources. This specialization strategy makes particular sense for mid-sized financial services firms that need to differentiate rather than compete directly with banking giants.
While no financial projections are provided, the initiative appears to be a logical extension requiring relatively modest investment while potentially generating meaningful returns through enhanced client relationships and cross-selling opportunities across their integrated SPAC platform.
Leverages Expertise in Capital Markets and SPAC Advisory Services to Enhance Offerings
NEW YORK and BOCA RATON, Fla., April 07, 2025 (GLOBE NEWSWIRE) -- J.V.B. Financial Group, LLC (“JVB”), an indirect, controlled subsidiary of Cohen & Company Inc. (NYSE American: COHN) (“Cohen”), a financial services firm specializing in an expanding range of capital markets and asset management services, today announced the launch of a new SPAC-focused equity trading platform.
Based in New York, the new trading group will build on JVB’s expertise in capital markets and the SPAC market. The platform creates a synergistic opportunity to leverage insights and capabilities from Cohen & Company Capital Markets (“CCM”), a division of JVB that operates as a full-service boutique investment bank that provides innovative strategic and financial advice in M&A, capital markets, and SPAC advisory services. CCM was established in 2021 to address the coverage gaps and structural shortfalls at leading investment banks. CCM has established itself as a leading SPAC advisor on Wall Street, having advised on 50 announced or closed de-SPAC transactions since 2022, more de-SPAC transactions than any other advisory firm for three consecutive years. In 2024, CCM began underwriting SPAC IPOs and is now one of the leading investment banks in bookrunner volume and number of SPAC IPOs.
The new SPAC-focused equity trading platform will be led by Perry Choset, who will serve as Managing Director and Head of SPAC/Equity Strategy, and Brandon Brenner, who will serve as Managing Director and Head of SPAC Trading. Mr. Choset has spent nearly 30 years working as an analyst, desk analyst, and portfolio manager in special situations/SPAC equities. Most recently, Mr. Choset served as a Managing Director at Seaport Global, an independent credit sales, trading, and capital markets firm with broad global reach to institutional investors, where he played an instrumental role in building its SPAC franchise. Brandon Brenner is a trading veteran with skills in sales, equity trading, equities, SPACs, and capital markets. Prior to joining JVB, Mr. Brenner served as Director of Equity and Sales Trading at StoneX Group, an institutional-grade financial services network that provides global market access, clearing and execution, and trading platforms to clients worldwide. At StoneX Group, Mr. Brenner was responsible for building out and overseeing the SPAC sales and trading desk.
Lester Brafman, Chief Executive Officer of Cohen and JVB, said, “The launch of our new SPAC equity trading platform represents an exciting milestone for JVB and builds on our commitment to provide high-quality financial products and services to our growing roster of clients. Over the last few years, CCM has established itself as a leader in the SPAC space and adding trading capability is the next logical step to best serve our clients.”
Jerry Serowik, Co-Founder and Head of Capital Markets for CCM, added, “The platform will be overseen by two seasoned executives with deep understanding of the SPAC market and track records of successfully building out trading desks. Perry’s thought leadership combined with Brandon’s trading capabilities will add a tremendous amount of value to our client base and improve execution for our clients, particularly in our IPO underwriting. We are confident that Perry and Brandon are the right people to lead this platform, and we look forward to watching its growth and future success as we strive to be the premier distribution platform.”
About J.V.B. Financial Group, LLC
JVB (member FINRA, SIPC), an indirect, controlled subsidiary of Cohen, specializes in securities financing and the sales and trading of fixed income securities. A division of JVB, CCM is a full-service boutique investment bank that focuses on M&A, capital markets, and SPAC advisory services. JVB’s mission is to be the premier distribution platform to its customers, providing trusted advice, intelligent solutions, and superior execution.
About Cohen & Company Inc.
Cohen is a financial services company specializing in an expanding range of capital markets and asset management services. Cohen’s operating segments are Capital Markets, Asset Management, and Principal Investing. The Capital Markets segment consists of fixed income sales, trading, gestation repo financing, new issue placements in corporate and securitized products, underwriting, and advisory services, operating primarily through Cohen’s subsidiaries, JVB in the United States and Cohen & Company Financial (Europe) S.A. in Europe. A division of JVB, CCM is Cohen’s full-service boutique investment bank that focuses on M&A, capital markets, and SPAC advisory services. The Capital Markets business segment also includes investment returns on financial instruments received as consideration for advisory, underwriting, and new issue placement services provided by CCM. The Asset Management segment manages assets through collateralized debt obligations, managed accounts, joint ventures, and investment funds. As of December 31, 2024, Cohen had approximately
For more information, please visit www.cohenandcompany.com, www.jvbfinancial.com, and www.cohencm.com.
| Contact: | |
| Investors - | Media - |
| Cohen & Company Inc. | Joele Frank, Wilkinson Brimmer Katcher |
| Joseph W. Pooler, Jr. | Joseph Sala / Zach Genirs |
| Executive Vice President and Chief Financial Officer | 212-355-4449 |
| 215-701-8952 | |
| investorrelations@cohenandcompany.com |
FAQ
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