NEW YORK
,
Oct. 31, 2024
/PRNewswire/ --
Piper Sandler Companies
(NYSE: PIPR), a leading investment bank, and
BC Partners Credit
, the
$8 billion
credit arm of international investment firm
BC Partners
, today announced a strategic alliance. The alliance, which leverages the expertise and broad networks of
Piper Sandler's
Financial Services Debt Capital Markets
team and BC Partners Credit, paves the way for
Piper Sandler's
clients across the financial services sector to best access the debt capital markets with customized structures and financing solutions as they grow their businesses. The firms anticipate additional institutional investors will join the alliance over time to further complement and support future growth across sectors.
Over the past decade, the
Piper Sandler Financial Services Debt Capital Markets
team has developed a specialized niche in managing debt transactions for regional and community banks, as well as non-bank specialty finance companies across the entire financial sector, executing more than 550 transactions and generating nearly
$40 billion
in gross proceeds. Leveraging its strong investment banking relationships,
Piper Sandler
expects to continue sourcing new debt mandates, ensuring a robust pipeline of opportunities, to provide bank and non-bank clients with a full suite of balance sheet, capital and funding solutions. While continuing traditional syndicated debt offerings in public and private markets, the strategic alliance with BC Partners Credit presents a supplementary avenue for growth and innovation in balance sheet solutions.
"Since the
Federal Reserve's
historic rate-hiking campaign and the multiple bank failures in the spring of 2023, it has become significantly more challenging for small-cap, mid-cap, and privately-owned banks, as well as non-bank financial companies, to execute debt capital market financings," said
Jacques de Saint Phalle
, Head of
Piper Sandler Financial Services Debt Capital Markets
. "
BC Partners Credit's
substantial capital base and extensive distribution networks will significantly bolster our market-leading transactional distribution platform."
BC Partners Credit is a fully diversified credit manager with a track record of providing bespoke capital solutions to companies across a range of industries, including banks, specialty finance companies, fintech platforms, insurers, and asset managers. In addition to providing capital, BC Partners Credit also has a dedicated team focused on managing the assets of insurance and re-insurance companies.
"We are excited to collaborate with
Piper Sandler
, offering their clients a comprehensive suite of financial solutions that can help propel their businesses" said
Ted Goldthorpe
, Head of BC Partners Credit. "As a fully diversified credit manager, with deep pools of capital and a vast network, we are well positioned to provide anchor demand, driving optimal structure and pricing. Likewise, our limited partners will have access to many compelling investment opportunities across the capital structure, with strong projected returns."
Supporting this partnership will be
Sam Reinhart
, a newly appointed Managing Director and Head of FIG Solutions at BC Partners Credit. Reinhart previously served as Head of Banks and Diversified Financials at UBS Group AG and began his career working with
Jacques de Saint Phalle
.
Mr. Reinhart
said, "I'm excited to once again partner with Jacques and the
Piper Sandler
team to deliver efficient and innovative capital solutions to their exceptional financial services client base."
ABOUT
PIPER SANDLER
Piper Sandler Companies
(NYSE: PIPR) is a leading investment bank driven to help clients Realize the Power of Partnership®. Securities brokerage and investment banking services are offered in the
U.S.
through
Piper Sandler & Co.
, member
SIPC
and NYSE; in the
U.K.
through
Piper Sandler Ltd.
, authorized and regulated by the
U.K. Financial Conduct Authority
; in the EU through
Aviditi Capital Advisors Europe GmbH
, a tied agent of
AHP Capital Management GmbH
, authorized and regulated by BaFin; and in
Hong Kong
through
Piper Sandler Hong Kong Limited
, authorized and regulated by the
Securities and Futures Commission
. Alternative asset management and fixed income advisory services are offered through separately registered advisory affiliates.
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Piper Sandler
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ABOUT BC PARTNERS AND BC PARTNERS CREDIT
BC Partners
is a leading international investment firm in private equity, private debt, and real estate strategies. BC Partners Credit was launched in
February 2017
, with a focus on identifying attractive credit opportunities in any market environment, often in complex market segments. The platform leverages the broader firm's deep industry and operating resources to provide flexible financing solutions to middle-market companies across Financial Services, Business Services, Industrials, Healthcare and other select sectors. For further information, visit
www.bcpartners.com/credit-strategy
.
MEDIA CONTACTS
Piper Sandler
Nick Lawler
212-891-8954
nick.lawler@psc.com
BC Partners
Luke Charalambous
Luke.charalambous@BCPartners.com
+44 7775 180 721
Kekst CNC
Shea.Vilardi@kekstcnc.com
/
Daniel.Yunger@kekstcnc.com
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https://www.prnewswire.com/news-releases/piper-sandler-and-bc-partners-credit-announce-strategic-alliance-302292685.html
SOURCE
BC Partners
/
Piper Sandler