M&A Deal Summary

Stifel Financial Acquires Vining Sparks

On September 29, 2021, Stifel Financial acquired insurance company Vining Sparks

Acquisition Highlights
  • This is Stifel Financial’s 1st transaction in the Insurance sector.
  • This is Stifel Financial’s 9th transaction in the United States.
  • This is Stifel Financial’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2021-09-29
Target Vining Sparks
Sector Insurance
Buyer(s) Stifel Financial
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

Stifel Financial

St. Louis, Missouri, United States
Category Company
Founded 1890
Sector Financial Services
Employees8,892
Revenue 4.3B USD (2023)
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 9 of 13
Sector (Insurance) 1 of 1
Type (Add-on Acquisition) 9 of 12
State (Tennessee) 1 of 1
Country (United States) 9 of 12
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-09 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.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-07 ACXIT

Frankfurt, Germany

ACXIT is an independent corporate finance and financial advisory firm serving European middle-market clients and entrepreneurs. ACXIT was founded in 1999 and is based in Frankfurt, Germany.

Buy -
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