Stifel and Weisel complete investment bank merger


Two investment banking firms which have both had involvement in the media space have become one. Thomas Weisel Partners Group is no more, having been merged into Stifel Financial Corporation, a full-service brokerage and investment banking company.

“This transaction continues our commitment to balanced growth by expanding our investment banking platform in key sectors of the global economy. The integration planning process has gone extremely well, and we now look forward to executing our plan with an enhanced platform that is well-positioned to compete in our core competencies and expand into others. Our clients will experience an expanded set of product offerings across broader industry groups, and we expect our combined results will continue to drive value for our shareholders,” stated Ronald J. Kruszewski, Chairman, President, and CEO of Stifel Financial Corp. “We believe this transaction is accretive to book value, to earnings per share, and to our growth rate,” he added.
With very little overlap in investment banking and research, the combination is additive to the existing platform in a number of ways, the firm said. The investment banking team consists of more than 250 talented associates providing debt, equity and equity-linked offerings, private placements, and strategic advisory services. In research, the combination creates one of the largest US equity research platforms, with more than 1,000 companies under coverage. The combination also expands Stifel’s institutional equity business both domestically and internationally.

Thomas Weisel Partners shareholders received 0.1364 shares of Stifel common stock for each share of Thomas Weisel Partners. The combined company will continue to operate under the Stifel Financial Corp. name and trade on the NYSE under the symbol “SF.”

The investment banking platform of Stifel, Nicolaus & Company, Incorporated will operate under the Stifel Nicolaus Weisel name.