Source: Investing Published 06/01/2025, 16:07
Saint Louis and Paris – Stifel Financial Corp. (NYSE: SF), a financial services holding company, today announced a definitive agreement to acquire Brian, Garnier & Co., a leading independent investment bank specializing in the European technology and healthcare sectors. Although Stifel did not disclose the financial terms of the transaction, the acquisition represents a significant expansion of its global advisory business.
Founded in 1996, Brian Garnier offers a range of services including mergers and acquisitions advisory, public and private growth financing solutions. The bank employs a large team of 200 professionals, including 33 executives.
and operates from its headquarters in Paris with additional offices across Europe and in New York.
Ronald J. Krzywski, Chairman and CEO of Stifel, highlighted the alignment of Brian Garnier’s culture and expertise with Stifel’s growth strategy.
particularly in the healthcare and technology sectors. He expressed that the acquisition is in line with the evolution of Stifel’s global advisory business.
Olivier Garnier, Founding and Managing Partner of Brian Garnier, highlighted the synergies between the two companies, noting the potential to provide unparalleled opportunities for clients and employees in the European market.
Stiefel has a history of growth through acquisitions and organic expansion, with net revenues expected to exceed $4.8 billion in 2024.
based on annual net revenues through September 30, 2024. The company operates approximately 400 offices worldwide and employs approximately 10,000 professionals. In 2023, Stifel was recognized as the “US Middle Market Equity House of the Year” by the International Financial Review.
Advisors on the transaction included Cave, Bruyette & Woods, a Stifel affiliate, and legal counsel from Brian Cave Leighton Besner LLP for Stifel. Brian Garnier was advised by Houlihan Lokey and legal counsel from White & Case LLP.
Stifel expects this strategic acquisition to strengthen its service offerings and market position in the investment banking sector.
particularly within the healthcare and technology industries in Europe. The company demonstrates strong market performance with an impressive annualized return of 57.19% and a consistent dividend yield of 1.55%. For detailed analysis and additional insights, including 8 additional exclusive ProTips on Stifel’s financial health and growth prospects, visit InvestingPro.
where you can access comprehensive ProTips research reports covering over 1,400 leading stocks. Information in this article is based on a press release and InvestingPro data.
In other recent news, Stifel Financial Corp. Stifel Financial reported a significant increase in earnings per share (EPS) and net revenue for the third quarter. EPS rose to $1.50, up 150% year-over-year, while net revenue reached $1.23 billion, up 17% year-over-year.
These strong financial results led TD Coin to raise its target price on Stifel Financial stock from $100.00 to $105.00.
while maintaining a “hold” rating on the company’s shares. JPMorgan Chase & Co. also initiated coverage of Stifel Financial with a “neutral” rating and a target price of $120.00, highlighting the company’s balanced earnings potential. In other developments, Stifel Financial declared a dividend on its common and preferred shares, with payments scheduled for mid-December.
The company’s future outlook includes exceeding $5 billion in revenue and $8 in EPS by 2025, according to recent analyst notes. Stifel Financial also reported a record high in total client assets under management, reaching $514 billion.
including a record $197 billion in fee-based assets.
This represents a 4% increase from October 2024, driven by strong equity markets and successful financial advisor recruitment efforts. These are among the recent developments that underscore Stifel Financial’s commitment to growth and profitability.
