Piper Sandler Companies has completed its acquisition of alternative investment bank Aviditi Advisors.
Per a definitive agreement entered into in early June, Aviditi Advisors will become Piper Sandler’s private capital advisory group. Cofounders Ryan Schlitt and John Robertshaw will become head of private capital advisory and vice chairman of private capital advisory, respectively.
Commenting on the agreement at the time, Schlitt said: “We are extremely excited to be joining the Piper Sandler platform. It represents the next chapter of growth for our firm and service capabilities.”
Adiviti Advisors provides full lifecycle services to financial sponsors, global alternative investment managers and limited partner investors. It offers guidance and insights into primary fundraising with global project management, distribution capabilities and secondary solutions for GPs and LPs across asset classes and structures, and capital markets solutions for GPs across the lifecycle of their portfolio companies.
Through the acquisition, global co-head of investment banking at Piper Sandler Mike Dillahunt explained, the firm will be able to increase the value of its combined platform to its private equity client base.
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