US-based financial risk advisory firm Chatham Financial has acquired British peer JCRA Group for an undisclosed amount.
Both the firms offer debt and derivatives solutions to a collective client base of more than 3,000, which includes commercial real estate, private equity, infrastructure, financial institutions, and corporate clients.
The consolidated business will have operations in London, Singapore, Melbourne, Toronto, Denver, Krakow, as well as Kennett Square, Pennsylvania.
It will offer a range of services covering debt management, interest rate, commodity hedging, foreign currency, and inflation, among others.
Chatham CEO Clark Maxwell said: “One of Chatham’s purposes is to help make markets transparent, accessible, and fair for all market participants. We’re excited about how, together with JCRA, we can have an even greater impact.
“For almost 30 years, we have gained vast experience from the volume and variety of projects and transactions we’ve managed. Our increased breadth of expertise will further strengthen our ability to tackle any challenge our clients need to solve.”
The combined group’s staff headcount is around 700.
JCRA CEO Jackie Bowie will now move to Chatham, where she will become the co-head of Europe.
Bowie said: “The combined team’s knowledge of the European markets, now supported by Chatham’s leading technology platform, will raise the bar for what clients expect when transacting in the debt and derivative markets.”