Skip to main content

Cowen Completes Acquisition of Specialist M&A Advisor Portico Capital Advisors

Written by Customer Service on . Posted in Mergers And Acquisitions.

NEW YORK, Dec. 16, 2021 (GLOBE NEWSWIRE) — Cowen Inc. (NASDAQ: COWN) (“Cowen” or the “Company”) today announced that it has completed its acquisition of Portico Capital Advisors (“Portico”), a leading M&A advisory firm focused on the Verticalized Software, Data, and Analytics sector. This transaction adds momentum to Cowen’s growing investment banking platform, further differentiating its advisory capabilities in high-growth industries. In addition, Portico clients now have access to the full breadth of Cowen’s capital markets, advisory, and research capabilities.

“We are very excited to close this strategic acquisition and welcome our new colleagues to Cowen. Portico expands Cowen’s TMT and Tech-Enabled Services investment banking offering, deepening our expertise, relationships, and track record in another critically important sector with strong, long-term tailwinds,” said Larry Wieseneck, Co-President of Cowen and Company. “Today marks an exciting milestone for our teams and our clients, as we continue building a world-class, diversified banking platform at Cowen.”

Cowen and Portico management have implemented a transition and integration plan to provide seamless service to the combined firm’s clients. Effective today, Portico will operate under the joint Cowen-Portico brand.

All consideration is comprised of 75% cash and 25% stock. Other terms of the deal were not disclosed. This transaction is expected to increase Cowen’s M&A advisory revenues by approximately 20% in fiscal 2022.

About Cowen Inc.
Cowen Inc. (“Cowen” or the “Company”) is a diversified financial services firm that operates through two business segments: a broker dealer and an investment management division. The Company’s broker dealer division offers investment banking services, equity research, sales and trading, prime brokerage, global clearing and commission management services. Cowen’s investment management division builds on Cowen’s core insights by developing differentiated, actively managed investment strategies that seek to meet the dynamic needs of our clients. Founded in 1918, the firm is headquartered in New York and has offices worldwide. Learn more at Cowen.com.

Investor Relations Contact:
JT Farley
(646) 562-1056
james.farley@cowen.com  

Media Contact:
Gagnier Communications
Dan Gagnier
(646) 569-5897
dg@gagnierfc.com 

 

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.