Raymond James has announced the expansion of its Global Technology & Services Investment Banking practice with a new office in London. The latest office opening follows the acquisition of Mummert & Company last year in Germany as Raymond James continues to expand its investment banking presence in Europe. The Raymond James Global Technology & Services team now comprises 21 managing directors and over 50 staff, covering all sub-sectors of the technology sector and who, between them, have already completed 41 transactions in 2017 with a combined value of more than $8.2 billion.
The new office will be led by Managing Directors Joel Greenwood, Stuart Sparkes and Dominic Emery. Greenwood and Sparkes have both worked in the M&A advisory market for more than 15 years and join from Deloitte, where together they led the technology, media & telecommunications (TMT) M&A advisory practice for nine years. During that time they worked closely with Laura Maddison, who also joins Raymond James as senior vice president. Prior to joining Raymond James, Emery ran Investec’s technology investment banking team and brings significant experience not only in private company and private equity M&A advisory but also advising publicly listed businesses across the sector.
The new office will launch with a team of 14 professionals focused on the TMT sector, including senior staff transferring to London from other Raymond James international offices. The office is expected to grow the TMT team as well as adding other sector-focused practices that further complement Raymond James’ international knowledge and experience.
Commenting on the new office, Greenwood said: “Raymond James offers an excellent platform for us to leverage the US and continental European presence of the firm in technology & services M&A. As the market has become increasingly international in scope, our clients’ advisory needs have changed. By combining deep sub-sector expertise and outstanding international buyer access, we have the unique ability to help clients maximize value by providing insights on buyer appetite and market positioning across different geographies on an integrated basis.”
Regarding the growth in the European investment banking business, Mel Mummert, head of European Investment Banking at Raymond James, commented: “Raymond James offers our European clients unique cross-border M&A expertise and access to US financing via our North American equity capital markets platform. In addition to our offices in Frankfurt and Munich, London will solidify our leading position in mid-market investment banking in Europe. We believe London will continue to serve as an important financial services market in the coming years.”
The new investment banking office also reflects Raymond James’ ongoing commitment to the UK. Raymond James has been active in this strategically important market for 27 years, providing equity research and sales and wealth management services to institutional and private clients.
eter Moores, Raymond James UK country manager, said: “We are delighted to welcome our new investment banking colleagues to the Raymond James organization in the UK. This expansion creates further opportunities to collaborate across our business lines – including wealth management, capital markets, asset management and now investment banking – allowing us to provide an even deeper service for the benefit of our UK and European private and institutional clients.”
About Raymond James Investment Banking
Raymond James Investment Banking offers highly regarded capital formation and financial advisory services. Since 2013, Raymond James has participated in raising $300 billion in capital for its corporate clients and completed more than 400 advisory assignments, including more than 350 M&A buy-side or sell-side advisory assignments.
About Raymond James Financial, Inc.
Raymond James Financial, Inc. (NYSE: RJF) is a leading diversified financial services company providing private client group, capital markets, asset management, banking and other services to individuals, corporations and municipalities. The company has approximately 7,300 financial advisors in 3,000 locations throughout the United States, Canada and overseas. Total client assets are $681 billion. Public since 1983, the firm is listed on the New York Stock Exchange under the symbol RJF.. Additional information is available at www.raymondjames.com. Raymond James & Associates, Inc., member New York Stock Exchange/SIPC.
