Piper Sandler Co`S Stock Price, News & Analysis

Piper Sandler (NYSE: PIPR) has expanded its private capital advisory investment banking group with three key appointments. Ahsan Khan joins as managing director, while Jonathan Hartland and Andrew Fair join as directors, strengthening the firm's GP advisory and distribution capabilities across the Middle East, Europe, and North America.

Khan, previously director at Asante Capital Group, brings over 12 years of financial services experience. Hartland, with more than a decade of GP advisory experience, joins from Rede Partners LLP. Fair, joining the New York office, previously served as director at Connaught and co-led their North American office.

The expansion particularly focuses on strengthening EMEA operations, identified as a key strategic priority, to execute complex fundraising mandates and provide market intelligence. The team aims to enhance client services with data-driven insights and strategic guidance for fund managers.

Piper Sandler Companies (NYSE: PIPR) has announced a new share repurchase program authorized by its board of directors. The program allows for the repurchase of up to $150 million of the company's outstanding common stock, effective immediately and extending through December 31, 2026.

The initiative is part of the company's capital allocation strategy, serving two main purposes: returning capital to shareholders and offsetting dilution from employee equity-based compensation. This new authorization replaces the previous share repurchase program that was set to expire on December 31, 2024.

Piper Sandler Companies (NYSE: PIPR) has announced the release of its Q4 and full-year 2024 financial results. The company has declared a special dividend of $3.00 per share and a quarterly dividend of $0.65 per share. The complete earnings release is available on the company's website. An earnings conference call is scheduled for January 31, 2025, at 8:00 a.m. CT, with dial-in options available for both U.S. and international participants.

Piper Sandler Companies (NYSE: PIPR) announced it will release its fourth quarter and full year 2024 financial results before market opening on Friday, January 31, 2025. The company will host a conference call at 9 a.m. ET (8 a.m. CT) on the same day to discuss the results.

Chairman and CEO Chad Abraham, President Deb Schoneman, and CFO Kate Clune will lead the conference call, which will include a Q&A session. Investors and analysts can participate by dialing 888 394-8218 (U.S.) or +1 773 305-6853 (international) with passcode 7788151. The earnings release and audio webcast will be available at pipersandler.com/earnings, with a replay accessible afterward through the same link.

Piper Sandler Companies (NYSE: PIPR) has announced the appointment of John Kerins as managing director to their healthcare investment banking team. Based in New York, Kerins will focus on the pharma services sector. He brings 10 years of experience from Cain Brothers & Company, where he served as managing director in healthcare M&A, and six years at Deloitte in M&A advisory services.

J.P. Peltier, global group head of healthcare investment banking at Piper Sandler, highlighted Kerins' transaction experience and strong relationships with healthcare private equity funds as complementary assets to their practice. The appointment aligns with the firm's focus on pharma services, which they identify as a rapidly growing market segment.

Kerins holds a bachelor's degree from Kenyon College and an MBA from Fordham University Gabelli School of Business.

Piper Sandler Companies (NYSE: PIPR) has announced the strategic hiring of three key investment bankers to strengthen its energy, power & infrastructure investment banking group. Paul Leece joins as managing director and global head of infrastructure, bringing over 20 years of experience from UBS, Credit Agricole, and Cantor Fitzgerald. Jeremi Martin joins as managing director with 15+ years of sector experience from Cantor Fitzgerald and Credit Agricole CIB. Daniel Allmomen joins as director, previously working at Cantor Fitzgerald, Credit Agricole CIB, and EY.

This expansion enhances Piper Sandler's capabilities in traditional and renewable energy, tech, and transportation sectors. The new team brings a combined 40+ years of experience in mergers and acquisitions, strategic advisory, financing, and restructuring transactions across various energy, power & infrastructure sub-sectors globally.

Apse Capital has successfully closed a €350 million continuation fund led by J.P. Morgan Asset Management. The fund will acquire three portfolio companies from Apse Capital Bridge Fund: TerraQuest (UK planning and property software solutions), Kallidus (SaaS-based HCM platform with 1,200+ customers), and Ultima Business Solutions (UK IT solutions provider). The transaction received support from existing and new investors, with the General Partner reinvesting its carried interest proceeds. A portion of the new commitments will be available for follow-on capital to support continued growth and strategic M&A activities.

Piper Sandler (NYSE: PIPR) has appointed Matt Somma as managing director in its financial services group. Somma will focus on advising asset and wealth management firms on M&A transactions and capital raises, while also providing strategic alternatives guidance to family offices. Based in New York, he brings nearly 20 years of experience, previously serving at Truist Securities and being a founding partner at Cresset Capital. His prior roles include positions at J.P. Morgan, where he developed Morgan Private Ventures, and at MSD Capital, managing $2.5B AUM across public and private securities.

Piper Sandler Companies (NYSE: PIPR) and BC Partners Credit have announced a strategic alliance aimed at enhancing debt capital market access for financial services clients. This partnership combines Piper Sandler's Financial Services Debt Capital Markets expertise, which has executed over 550 transactions worth nearly $40 billion in gross proceeds over the past decade, with BC Partners Credit's $8 billion credit platform. The alliance addresses challenges faced by small-cap, mid-cap, and privately-owned banks in executing debt financing following the 2023 Federal Reserve rate hikes and bank failures. The collaboration aims to provide customized structures and financing solutions, with plans to include additional institutional investors over time.