Key Developments: Piper Jaffray Companies (PJC)


PJC on New York Consolidated

34.69USD
18 Jun 2013
Price Change (% chg)

$1.14 (+3.40%)
Prev Close
$33.55
Open
$33.67
Day's High
$34.89
Day's Low
$33.67
Volume
224,305
Avg. Vol
164,800
52-wk High
$42.56
52-wk Low
$19.35

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Latest Key Developments (Source: Significant Developments)

Piper Jaffray Companies Enters Definitive Agreement to Acquire Edgeview Partners
Monday, 17 Jun 2013 09:25am EDT 

Piper Jaffray Companies announced that it has entered a definitive agreement to acquire Edgeview Partners, L.P., middle-market advisory firm specializing in mergers and acquisitions. Piper Jaffray and Edgeview Partners have complementary investment banking businesses with a shared focus on client service. The combination further strengthens Piper Jaffray`s M&A leadership in the middle market and adds resources dedicated to the private equity community. Founded in 2001 and based in Charlotte, N.C., Edgeview Partners provides merger and acquisition advisory services to middle-market clients and private equity firms across a broad range of industries including business services, transportation and logistics, industrials, healthcare, applied technology, building products and consumer sectors. The transaction is subject to regulatory approval and customary closing conditions and expected to close in the third quarter of 2013. Terms of the transaction are undisclosed.  Full Article

Piper Jaffray Companies Announces Sale of FAMCO Business
Friday, 8 Mar 2013 05:43pm EST 

Piper Jaffray Companies announced that it has signed a definitive agreement to sell Fiduciary Asset Management LLC (FAMCO), a division within its asset management business. Wiley Angell, its chief executive officer, will acquire the business in a transaction valued at $4 million.In 2012, Piper Jaffray transitioned ownership of its FAMCO MLP product from FAMCO to its primary asset management subsidiary, Advisory Research. While the restructuring generated revenue and cost synergies for the firm, the remaining FAMCO business was no longer a strategic fit with the overall asset management business. As a result, Piper Jaffray and Angell entered into discussions to facilitate a transition of the remaining business, as Angell was one of FAMCO`s founding members. FAMCO had previously been classified as held for sale and reported in discontinued operations. The sale is subject to customary closing conditions, and expected to close during the second quarter of 2013.  Full Article

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Piper Jaffray Companies News

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IN ORDER TO ENSURE THAT WE HAVE TIME TO ENTER ALL NEW ISSUE INFORMATION, DALCOMP ASKS THAT FIRMS CALL US AT 212-404-8107 OR USE OUR FAX 212-404-8153 TO INFORM US UPCOMING ISSUES. WE WILL ADD ANY INFORMATION WE RECEIVE BY 2 P.M., EDT, ON THURSDAY AFTERNOON. PLEASE BE SURE TO INCLUDE THE ENTIRE MANAGEMENT GROUP. IF YOU HAVE ANY QUESTIONS ABOUT THIS SERVICE, PLEASE CALL DALCOMP AT 212-404-8107. ISSUE/SENIOR MANAGER SALE (IN 000) MDY/S&P/FTCH --------------------

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