M&A Deal Summary

1251 Capital Group Acquires ZCM

On December 9, 2019, 1251 Capital Group acquired financial services company ZCM from Stifel Financial

Acquisition Highlights
  • This is 1251 Capital Group’s 1st transaction in the Financial Services sector.
  • This is 1251 Capital Group’s 1st transaction in the United States.
  • This is 1251 Capital Group’s 1st transaction in Illinois.

M&A Deal Summary

Date 2019-12-09
Target ZCM
Sector Financial Services
Buyer(s) 1251 Capital Group
Sellers(s) Stifel Financial
Deal Type Divestiture

Target

ZCM

Chicago, Illinois, United States
ZCM provides separate account management for individuals, corporations, foundations and endowments. ZCM offers a range of equity, fixed income and alternative products for its clients. ZCM is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

1251 Capital Group

Boston, Massachusetts, United States

Category Company
Sector Financial Services
DESCRIPTION

1251 Capital Group is a financial services holding company with deep industry operating experience in the asset management and insurance sectors. 1251 Capital Group is based in Boston, Massachusetts.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1

Seller(S) 1

SELLER

Stifel Financial

St. Louis, Missouri, United States

Category Company
Founded 1890
Sector Financial Services
Employees8,887
Revenue 4.9B USD (2024)
DESCRIPTION

Stifel Financial is a financial services holding company that conducts its banking, securities, and financial services business through several wholly owned subsidiaries. Stifel Financial was founded in 1890 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 1 of 2
Sector: Financial Services M&A 1 of 2
Type: Divestiture M&A Deals 1 of 2
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-10 Business Bancshares

Clayton, Missouri, United States

Business Bancshares, Inc. is a single bank holding company and parent of The Business Bank of St. Louis. The Business Bank was founded in 2002 and operates a full service banking facility from its single location at 8000 Maryland Avenue in Clayton, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-29 Vining Sparks

Memphis, Tennessee, United States

Vining Sparks is a provider of an institutional fixed income brokerage, balance sheet management and underwriting services to more than 4,000 institutional clients in all 50 states, with a core focus on depository institutions, but also serving municipalities, money managers, insurance companies, trust departments and pension funds. Vining Sparks was founded in 1981 and is based in Memphis, Tennessee.

Buy -