PIPER SANDLER COMPANIES
For the period ended Jun 30, 2024. Filed Aug 6, 2024.
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Jun 30, 2024 · Filed Aug 6, 2024
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Acquisitions
NOTE 4| ACQUISITIONS
Definitive Agreement to Acquire Aviditi Advisors
On June 6, 2024, the Company announced a definitive agreement to acquire Aviditi Advisors, an alternative investment bank providing full lifecycle services to financial sponsors, global alternative investment managers and limited partner investors. The purchase price consists of cash and equity consideration, and additional cash consideration may be earned if certain revenue targets are achieved. Restricted compensation arrangements will also be granted for retention purposes. The transaction is expected to close late in the third quarter or early in the fourth quarter of 2024, subject to obtaining required regulatory approvals and other customary closing conditions.
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