Piper Sandler Enters Definitive Agreement To Acquire Aviditi Advisors; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler Companies (NYSE:PIPR) has entered into a definitive agreement to acquire Aviditi Advisors, enhancing its private equity M&A and capital markets capabilities. Financial terms were not disclosed.
June 06, 2024 | 8:37 pm
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Piper Sandler's acquisition of Aviditi Advisors is set to enhance its private equity M&A and capital markets capabilities, potentially strengthening its market position.
The acquisition of Aviditi Advisors will add premier fundraising, secondary solutions, and direct investment capital capabilities to Piper Sandler's existing services. This strategic move is likely to strengthen Piper Sandler's market position and could positively impact its stock price in the short term.
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