Raymond James Named Middle Market Investment Bank Of The Year By buyouts Magazine, Continues Expansion
ST. PETERSBURG, Fla. – The Raymond James Investment Banking group was recently selected as Buyouts magazine’s “Middle Market Investment Bank of the Year” in its “2010 Deal of the Year Yearbook,” according to Jeff Trocin, executive vice president and head of the firm’s Equity Capital Markets unit. The award comes shortly after the firm was also honored by The M&A Advisor network with its “Middle Market Deal of the Year” award for 2009.
Buyouts, a Thomson Reuters’ publication and leading source of news, data and analysis on the private equity industry, noted in its April 2010 edition that, while deals were scarce amid a credit crisis and economic downturn in 2009, Raymond James nevertheless “logged a solid year of deal advisory work and capitalized on the environment by buying a competitor.”
In December 2009, The M&A Advisor network also awarded the firm with the “Middle-Market Deal of the Year Award” for its role in the acquisition of Nuclear Fuel Services by Babcock & Wilcox Company. The transaction, led by the Raymond James Industrial Growth Group, was selected from among 10 finalists including two other Raymond James transactions. Award recipients were chosen by an independent body of experts from a variety of industry categories. “The award winners represent the best of the M&A industry in 2009 and earned these honors by standing out in a group of very impressive finalists,” said Roger Aguinaldo, CEO of The M&A Advisor network.
“By strategically positioning ourselves to take advantage of the market environment, Raymond James has seen its investment banking reputation and standing propelled to a new level,” Trocin stated. “We have been an important player in this space for years, but as we continue to attract the best bankers in our profession and raise growth capital for our corporate clients, we are solidifying our place as one of the premier investment banking firms in the country.”
In fact, during the past 12 months, the company acquired the boutique Investment Banking firm Lane Berry, added 59 investment bankers and professional staff, completed 118 offerings that cumulatively raised more than $32 billion, and completed approximately 50 M&A and advisory transactions.
“The Lane Berry acquisition last May, plus the many experienced bankers who have since joined, underscores the continued expansion of our investment banking platform, and the firm’s commitment to strategic growth in all market environments,” Trocin concluded.
About Raymond James Investment Banking
Raymond James Investment Banking employs the deep industry expertise of its specialty groups – in coordination with one of the most respected equity research departments in the industry – to provide strategic planning and financial solutions for growth companies. It has 13 investment banking offices throughout the United States and Canada, covering eight core industry sectors. Over the last five years, the firm participated in raising more than $130 billion in growth capital for its corporate clients and completed in excess of 250 advisory and private placement assignments, including over 130 mergers and acquisitions valued at more than $22 billion.
About Raymond James Financial
Raymond James Financial (NYSE-RJF) is a Florida-based diversified holding company providing financial services to individuals, corporations and municipalities through its subsidiary companies. Its three wholly owned broker/dealers (Raymond James & Associates, Raymond James Financial Services and Raymond James Ltd.) and Raymond James Investment Services Limited, a majority-owned independent contractor subsidiary in the United Kingdom, have a total of more than 5,300 financial advisors serving approximately 1.9 million accounts in more than 2,300 locations throughout the United States, Canada and overseas. In addition, total client assets are approximately $242 billion, of which $32 billion are managed by the firm’s asset management subsidiaries.