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Piper Sandler Companies (NYSE: PIPR) is a renowned investment bank, established in 1895, headquartered in Minneapolis, with more than 50 offices across the U.S., London, Aberdeen, and Hong Kong. The firm is dedicated to helping clients realize the power of partnership. Piper Sandler provides a comprehensive suite of products and services aimed at addressing the business lifecycle needs of its clientele. Their expertise spans various sectors including healthcare, energy, consumer, diversified industrials, business services, technology, financial services, agriculture, clean technologies, and renewables, primarily focusing on middle-market clients.
Piper Sandler's investment banking services cover financial advisory, equity financing, and underwriting, delivering robust revenue primarily from advisory functions. Securities brokerage and other investment banking services are provided through Piper Sandler & Co., a member of SIPC and NYSE, and through its regulated entities in the U.K. and Hong Kong.
The firm has built a reputation for its geographic reach and deep sector expertise, allowing it to thrive in an increasingly global market. Recent achievements include strategic mergers and acquisitions, leadership in public finance activities, and innovative solutions in alternative asset management and fixed income services.
For more details, visit pipersandler.com.
Piper Sandler & Co. announced it has advised Falcon Private Holdings on the sale of Aristech Surfaces LLC to Trinseo for $445 million. This acquisition will enhance Trinseo’s Engineered Materials segment. The transaction is expected to finalize within the year, pending regulatory approvals. Aristech is recognized for manufacturing continuous cast acrylic sheets utilized in various sectors, including wellness and construction. Trinseo, a global materials solutions provider, reported approximately $3.0 billion in net sales in 2020.
Piper Sandler advised PTT Global Chemical Public Company Limited on its acquisition of Allnex for €4.0 billion (approx. $4.75 billion). Allnex, a leader in specialty chemical coatings, reported revenues of €2 billion and an EBITDA margin of 17-19%. The acquisition, pending regulatory approvals, is expected to close in Q4 2021. PTTGC, a major player in the petrochemical sector, will benefit from Allnex's extensive global network of 33 manufacturing sites and 23 research facilities, enhancing its position in the industry.
Piper Sandler Companies (NYSE: PIPR) has announced the hiring of Benj Becker to enhance its special district group in Utah. Becker, with over 15 years of experience in real estate consulting from Zions Public Finance, will aid in funding public infrastructure projects through public infrastructure districts and tax-increment financing. The special district group, comprising over 20 professionals, aims to leverage local expertise to meet the unique needs of Utah clients while drawing on national debt structuring knowledge.
Piper Sandler & Co. has acted as the financial advisor for Platinum Equity in acquiring Solenis for an enterprise value of $5.25 billion. The acquisition involves merging Solenis with Sigura Water, another Platinum Equity portfolio company, for a total transaction value of approximately $6.5 billion. The combined company is projected to generate $3.5 billion in revenue, targeting diverse markets in water treatment. Completion of the acquisition is expected by the end of 2021, pending regulatory approvals.
Piper Sandler Companies (NYSE: PIPR) has expanded its special district group in Denver with the addition of Matt Chorske and Shane Miner. Chorske, with over 23 years in special district banking, and Miner, who has 15 years of experience, both previously worked at BBVA USA Bancshares. The firm has seen significant growth in this sector since launching the special district group in November 2020, now boasting over 20 professionals. This strategic expansion aims to enhance service and expertise for clients in public finance.
Piper Sandler advised SK Capital Partners on the sale of Niacet Corporation to Kerry Group plc for $1.015 billion on a cash-free, debt-free basis. The acquisition will enhance Kerry’s food protection and preservation platform. Niacet is recognized for its leadership in Bakery and Pharma sectors, offering low-sodium preservation technologies for Meat and plant-based foods. The transaction is expected to close by Q3 2021, pending regulatory approvals. SK Capital's portfolio generates around $11 billion annually and employs over 16,000 people globally.
EverArc Holdings has announced its acquisition of 100% of Perimeter Solutions from SK Capital for approximately $2 billion, comprising cash and preferred shares. This transaction is expected to close in Q4 2021 and is subject to customary closing conditions. Perimeter Solutions specializes in high-quality firefighting products and lubricant additives, contributing significant market presence in both sectors. The acquisition aims to enhance EverArc's portfolio in these essential industries.
Piper Sandler has advised Heubach Group, alongside SK Capital Partners, in acquiring Clariant’s Pigments Business for approximately CHF 805 million, with a potential additional CHF 50 million tied to 2021 performance. This acquisition is expected to create a global leader in pigments with annual sales exceeding €900 million. Clariant will reinvest for an ownership stake to support the combined entity's growth. The deal is subject to customary approvals and is anticipated to close in the first half of 2022.
Piper Sandler Companies (NYSE: PIPR) announced the appointment of Jeffrey Thomas as a managing director in its healthcare investment banking group, focusing on MedTech and life sciences. With over 20 years of experience, Thomas previously served as chief corporate development officer at Laborie, involved in global strategy and M&A. His background includes executive roles at Smith & Nephew and GE Healthcare, and academic positions in medical research. This addition aims to strengthen Piper Sandler's capabilities in the healthcare sectors.
Piper Sandler Companies (NYSE: PIPR) has appointed Austin Harbour as a managing director in their energy and power investment banking group, focusing on oilfield services and equipment. With over 10 years of sector experience, Harbour previously held roles at Superior Energy Services and Lazard Freres. This addition aims to enhance client services, complementing the recent hiring of Robert Sternthal to expand the renewables platform. The energy and power team now includes 19 managing directors, reinforcing Piper Sandler's commitment to growth in the energy sector.
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