|[October 07, 2013]
Sandler O'Neill + Partners Deepens Commitment to Financial Technology Industry
NEW YORK --(Business Wire)--
Sandler O'Neill + Partners, L.P., a full-service investment banking firm
specializing in financial services companies, today announced that it
has expanded its capabilities to assist and advise companies in the
financial technology industry. The firm has entered into an agreement
with SenaHill Partners L.P., the merchant bank for the financial
technology sector. SenaHill will operate from Sandler O'Neill's New York
offices and refer clients to the investment banking firm. Sandler
O'Neill also announced that it has hired two investment bankers who
specialize in advising financial technology companies, Ronald J. DiPrete
and Meirav Azoulay.
"Sandler O'Neill is committed to growing its already strong advisory
business serving the financial technology industry," said Brian R.
Sterling, Principal and co-head of Sandler O'Neill's Investment Banking
Group. "Through our relationship with SenaHill, and by bringing in Ron
and Meirav, we have significantly broadened our insights and services,
which will position us to assist more companies and investors in a
vibrant and growing part of the financial services sector."
SenaHill combines operating, investment and advisory services to help
innovative and emerging financial technology companies raise growth
capital, execute their strategic plans and scale their businesses. It
remains independent of Sandler O'Neill and is led by Managing Principals
and veteran financial technology executives Neil DeSena and Justin
"Sandler O'Neill understands the potential of the financial technology
space, and this is a fantastic opportunity for promising companies to
leverage the broad, powerful resources of the largest independent
investment bank focused on the financial services sector." DeSena said.
"We are thrilled to have a close working relationship with Sandler,"
Brownhill added. "This elevates both firms' capabilities, to the benefit
of our clients."
Further strengthening Sndler O'Neill's capabilities are the additions
of DiPrete and Azoulay. DiPrete has joined the firm as a Managing
Director and will primarily focus on advising electronic payments
companies. Previously, he was a senior member of Deutsche Bank's Global
Financial Technology investment banking team. Azoulay has joined Sandler
O'Neill as a Vice President, also from Deutsche Bank. She will focus
broadly on financial technology companies.
"We are pleased to add Ron and Meirav to our team," said William F.
Hickey, Principal and co-head of Sandler O'Neill's Investment Banking
Group. "By adding seasoned investment bankers with established expertise
in the financial technology sector, we broaden our knowledge and
relationships and enhance the services we can offer clients."
Sandler O'Neill continues to expand its Investment Banking Group,
particularly in serving non-depository financial institutions. In the
last three years, the firm has hired senior investment bankers to
establish practices focused on the specialty finance, asset management
and real estate sectors, and has significantly expanded its insurance
investment banking team.
Sandler O'Neill is an acknowledged leader in merger advisory and capital
raising. Since 2011, the firm has advised on 131 financial services
merger transactions valued at an aggregate of $14.9 billion, more than
any other investment banking firm.1 During that period,
Sandler O'Neill acted as book manager, co-manager, or agent on 193
public offerings or private placements of common or preferred stock for
financial services companies, raising over $37.8 billion for clients.2
About Mr. DeSena
Mr. DeSena, 48, most recently was a managing director at Goldman Sachs &
Co. Prior to that, he was a partner at Spear, Leeds & Kellogg, L.P.,
where he founded the REDI Products division, provider of REDIPlus, an
institutional trading technology system.
About Mr. Brownhill
Mr. Brownhill, 42, was the co-founder and Chief Executive Officer of The
Receivables Exchange, a senior executive at Lava Trading, and a Managing
Director in Citigroup's Global Electronic Trading Division. As an
investment banker, Brownhill advised on more than $100 billion in merger
and acquisition activity within the financial services and technology
About Sandler O'Neill + Partners, L.P.
Founded in 1988, Sandler O'Neill + Partners is a full-service investment
banking firm dedicated to providing comprehensive, innovative advisory
and transaction execution services to the financial industry. The firm
specializes in mergers and acquisitions, capital markets,
mutual-to-stock conversions, investment portfolio and interest rate risk
management, fixed income securities transactions, and mortgage finance
restructurings. Sandler O'Neill is also a market maker in hundreds of
financial stocks and publishes equity and fixed income research focused
on selected banks, thrifts and insurance companies, investment banks,
asset managers, specialty finance companies, e-finance companies, real
estate investment trusts, financial technology companies, and
exchanges/transaction execution companies. Additional information about
Sandler O'Neill can be found on the firm's website at www.sandleroneill.com.
1Source: SNL Financial (News - Alert) LC as of October 7, 2013
Financial LC as of October 7, 2013. Includes book run and co-managed
public common equity offerings or private placements of common or
preferred stock for banks and thrifts
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