Squire Patton Boggs has advised Raymond James Financial, Inc. (NYSE: RJF) on its purchase of European corporate finance firm Mummert & Company Corporate Finance GmbH.
Raymond James Financial, Inc. is a leading diversified financial services company providing private client group, capital markets, asset management, banking and other services to individuals, corporations and municipalities. Founded in 2001, Mummert & Co. is a leading middle market M&A advisory firm focused primarily on the technology, industrial, healthcare, consumer and business services sectors. The firm has advised on over 140 completed transactions and has 20 professionals.
The acquisition of Munich-based Mummert & Company provides Raymond James with expanded investment banking capabilities in Europe and a platform for future international growth. The newly added Mummert & Co. team will re-brand as Raymond James and operate as part of the existing Raymond James Corporate Finance division within Raymond James & Associates, Inc. Melville D. Mummert, a managing partner of Mummert & Company, will serve as head of Raymond James’ European Advisory business.
A Squire Patton Boggs team from the UK and Germany, led by Corporate partner Kai Mertens in Berlin, which included lawyers from the Corporate, Regulatory, Real Estate and Labour & Employment Practices Groups, advised Raymond James Financial on the transaction. “We’re very pleased to have supported Raymond James on an acquisition that gives it a valuable European advisory platform,” said Kai Mertens.
London-based Relationship partner, David Hull, who advised on UK corporate matters in the deal, commented: “We’ve advised Raymond James on several major acquisitions in the UK over the past few years. Our cross-border team was now able to assist our client on a strategic opportunity to build a significant corporate finance business focused on the European middle market.”