Stifel Nicolaus Europe, a subsidiary of US-based Stifel Financial, has agreed to purchase ISM Capital, a UK-based investment bank focused on international debt capital markets, for an undisclosed amount.
Following the acquisition, the investment bank will become a core element of Stifel’s debt capital markets business in Europe.
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The deal will expand Stifel’s debt capital markets origination, sales and research capabilities in Europe, including an end-to-end platform for convertible securities and other equity-linked debt instruments.
Subject to regulatory approvals and closing conditions, the acquisition is scheduled to close in April 2016.
Stifel chairman and CEO Ronald Kruszewski said: "ISM is well regarded in the emerging markets and credit research areas, and will add convertible brokerage capabilities for our institutional clients. We are excited to welcome Cliff and his team to Stifel."
Commenting on the acquisition, ISM founder and executive chairman Cliff Siegel said: " We believe that our partnership with Stifel is the ideal way to leverage the skills, experience, and both client and investor relationships to jointly grow the ISM business as part of Stifel.
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By GlobalData"Our joint efforts will greatly expand our capabilities, reach and the value proposition we offer our clients."
