The merger of the London operations of Stifel and Oriel will create a 250-professional mid-market investment banking group with research coverage across multiple sectors, equity and debt sales and trading and investment banking services. These enhanced capabilities will assist the companies in executing client-driven, cross-border transactions. The combined company will continue to operate KBW as a separate company for financial institutions, which completely complements Oriel’s capabilities.
The acquisition strengthens Stifel’s presence in Europe, adding to the acquired London-based operations of KBW and the institutional fixed income sales and trading business of Knight Capital.
Hines Associates Limited provided advice to the Board of Directors of Oriel Securities in relation to the takeover offer.