Raymond James Financial, Inc. announced today that it has reached an agreement to acquire Cebile Capital, a leading private fund placement agent and secondary market advisor to private equity (PE) firms. The transaction is subject to certain regulatory and other closing conditions.
The addition of Cebile Capital to the firm’s Investment Banking division deepens relationships with the private equity community and expands the related service offerings to include fund placements, general partner (GP)-led secondaries capabilities and limited partner (LP)-led secondaries advisory, a rapidly expanding market. Based in London and New York City, Cebile will operate as a new business unit within Investment Banking, and will be led by Cebile founder Sunaina Sinha Haldea. It will continue to serve leading middle-market PE and private capital firms and their LPs in the United States, Europe and elsewhere around the world.
“Our similar cultures, commitment to client-first values and shared focus on the middle-market make this an ideal opportunity to add an additional service offering to our PE clients who, like Raymond James, are constantly looking to provide value and growth for their investors,” said Paul Reilly, Raymond James chairman and CEO.
The acquisition reflects Raymond James’ emphasis on growing its investment banking business, and represents the firm’s entrance into providing capabilities such as private fund placements and secondary market advisory to PE firms. With a combined focus on the middle-market, this strategic partnership blends two leading teams to provide even greater expertise and service.
