KPMG Corporate Finance (KPMG CF) has purchased all the assets of US-based investment bank, St. Charles Capital, for an undisclosed sum.
The acquisition will bolster the unit’s capabilities as a mid-market investment bank and M&A advisor for companies in the technology, telecommunications, financial services, energy, and diversified industrials sectors.
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Terms of the transaction were not disclosed.
The deal will enable KPMG CF to expand technology and telecommunications, energy services as well as financial services coverage.
Through this acquisition, St. Charles Capital will be able to access a global investment banking platform as well as access resources and relationships at KPMG CF.
Lynne Doughtie, vice chair for advisory at KPMG, said: "The addition of St. Charles Capital’s experienced investment banking team complements the already highly-regarded global KPMG Corporate Finance platform while also expanding our industry presence and capabilities in key dynamic sectors."
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By GlobalDataMichael Franson, president of St. Charles Capital, said: "Access to KPMG’s impressive global distribution network and full service advisory capabilities in critically important vertical markets greatly expand the value we can provide to clients and prospects."
Phil Isom, head of KPMG Corporate Finance, said: "Integrating St. Charles Capital’s team will bolster our ability to assist mid-market organizations with capitalizing on renewed M&A optimism and appetite, and help build an added spectrum of key sector capabilities and experience."
Founded in 2005, St. Charles Capital has completed more than 200 M&A transactions valued in excess of $7.1 billion in total and raised nearly $1.4 billion in private capital.
