M&A Deal Summary

Piper Jaffray Acquires Fiduciary Asset Management

On April 13, 2007, Piper Jaffray acquired financial services company Fiduciary Asset Management for 66M USD

Acquisition Highlights
  • This is Piper Jaffray’s 2nd transaction in the Financial Services sector.
  • This is Piper Jaffray’s 3rd largest (disclosed) transaction.
  • This is Piper Jaffray’s 2nd transaction in the United States.
  • This is Piper Jaffray’s 1st transaction in Montana.

M&A Deal Summary
Date 2007-04-13
Target Fiduciary Asset Management
Sector Financial Services
Buyer(s) Piper Jaffray
Deal Type Add-on Acquisition
Deal Value 66M USD

Target

Fiduciary Asset Management

Saint Louis, Montana, United States
Fiduciary Asset Management LLC serves its clients through separately managed accounts and closed end funds and offers an array of investment products including traditional, quantitative and hedged equity, master limited partnerships, and fixed income.

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Buyer(S) 1

Buyer

Piper Jaffray

Minneapolis, Minnesota, United States
Category Company
Founded 1985
Sector Financial Services
Employees1,026
Revenue 525M USD (2013)
DESCRIPTION

Piper Jaffray is a full-service investment bank and asset management firm focused on mergers and acquisitions, financial restructuring, public offerings, public finance, institutional brokerage, investment management and securities research.

DEAL STATS #
Overall 2 of 8
Sector (Financial Services) 2 of 7
Type (Add-on Acquisition) 2 of 6
State (Montana) 1 of 1
Country (United States) 2 of 7
Year (2007) 1 of 2
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-22 Vie Securities

Philadelphia, Pennsylvania, United States

Vie Securities LLC is a provider of algorithm-based, electronic execution services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-03 Goldbond Capital Holdings

China

Goldbond focuses primarily on raising capital for and providing financial advisory services to companies listed or to be listed on the Hong Kong Stock Exchange. It has corporate finance, sales and trading, equity capital markets, and research capabilities.

Buy $50M
Mergr

Product

Company

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