M&A Deal Summary

Stifel Financial Acquires Finance 500

On March 14, 2024, Stifel Financial acquired financial services company Finance 500

Acquisition Highlights
  • This is Stifel Financial’s 9th transaction in the Financial Services sector.
  • This is Stifel Financial’s 10th transaction in the United States.
  • This is Stifel Financial’s 3rd transaction in California.

M&A Deal Summary
Date 2024-03-14
Target Finance 500
Sector Financial Services
Buyer(s) Stifel Financial
Deal Type Add-on Acquisition
Advisor(s) Houlihan Lokey (Financial)
Calfee, Halter & Griswold LLP (Legal)

Target

Finance 500

Irvine, California, United States
website
Finance 500 is a brokerage and investment services provider focused on underwriting FDIC-insured Certificates of Deposits and fixed-income securities trading. Finance 500 is based in Irvine, California.

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Buyer(S) 1

Buyer

Stifel Financial

St. Louis, Missouri, United States

website

Category Company
Founded 1890
Sector Financial Services
Employees8,407
Revenue 4.3B USD (2022)
DESCRIPTION

Stifel Financial is a financial services holding company that conducts its banking, securities, and financial services business through several wholly owned subsidiaries. Stifel Financial was founded in 1890 and is based in St. Louis, Missouri.

DEAL STATS #
Overall 11 of 11
Sector (Financial Services) 9 of 9
Type (Add-on Acquisition) 10 of 10
State (California) 3 of 3
Country (United States) 10 of 10
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-22 Torreya

New York, New York, United States

Torreya is an investment banking boutique serving companies in the life sciences industry. The company's partners are senior industry bankers and executives, with deep experience, knowledge, and networks. It provides knowledgeable advice on M&A, pharmaceutical asset sale, capital markets, and licensing transactions. Torreya is based in New York, New York.

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Legal