Raymond James to open an office in Frankfurt
MUNICH - Raymond James is expanding its European Investment Banking practice. In June, the corporate finance advisory business, which specializes in cross-border transactions, will open an office in Frankfurt am Main, Germany. The Frankfurt team will focus on clients in the German mid-market (“Mittelstand”), corporates and private equity. In addition to the Raymond James team in Munich, the Frankfurt team will focus on capital market M&A (public takeovers, public-to-privates, defense takeovers) and strategic advice.
"Frankfurt is strategically important for us," says Melville Mummert, head of European Investment Banking at Raymond James. "Therefore I am delighted that Dirk-Oliver Löffler, an experienced investment banker, has decided to join us to help drive the expansion of our business in Europe. The new team in Frankfurt has previously advised on transactions across a range of industries with a total value in excess of EUR 20 billion."
Dirk-Oliver Löffler, managing director, joins Raymond James from the M&A boutique Richmond Park Partners and was previously head of M&A advisory at Berenberg, where he was responsible for advising private equity firms on M&A and transactions involving stock-listed companies. "We specialize in leveraging our extensive international network to develop and successfully execute proprietary acquisition ideas for private equity firms," says Löffler.
Julian Knirim, vice president, also worked at Richmond Park Partners and previously at Bank of America Merrill Lynch. "We are seeing more and more activist engagements and acquisitions involving stock-listed companies. The increasingly complex nature of such transactions means that professional advice on tactical and strategic measures is required," said Knirim.
Jens Gerlach, who previously worked for Citigroup, is also joining the team in Frankfurt as a vice president. "Raymond James offers an entrepreneurial platform to advise German companies on cross-border transactions," explains Gerlach with regard to the motivation for his move.
Raymond James Investment Banking has 20 offices in the USA, Canada and Europe. Following teams in Munich and Frankfurt, where further hires are planned, an office in London will open in the fall.
About Raymond James European Advisory
Raymond James European Advisory advises privately held companies, corporations and financial sponsors on cross-border transactions. The advisory offering covers all phases of the transaction process from defining strategic goals and negotiating financial terms and conditions through closing. Raymond James European Advisory exclusively represents the interests of its clients, especially in relation to mergers and acquisitions, financings, restructurings and secondaries. The firm has dedicated teams in the following sectors: Technology & Services, Industrials, Health Care and Consumer & Retail.
Raymond James European Advisory was established in June 2016 following the acquisition of Mummert & Company Corporate Finance GmbH by Raymond James Financial, Inc. The Munich- and Frankfurt-based advisory teams are part of the global Investment Banking business. With more than 300 M&A advisors, Raymond James Investment Banking is one of the market leaders in the USA and was awarded the titles of Investment Banking Firm of the Year by The M&A Advisor and USA Middle Market M&A Investment Bank of the Year by the Global M&A Network.
About Raymond James Financial, Inc.
Raymond James Financial, Inc. (NYSE: RJF) is a leading diversified financial services company providing private client group, capital markets, asset management, banking and other services to individuals, corporations and municipalities. The company has approximately 7,100 financial advisors serving in excess of 3 million client accounts in more than 2,900 locations throughout the United States, Canada and overseas. Total client assets are approximately $637 billion. Public since 1983, the firm has been listed on the New York Stock Exchange since 1986 under the symbol RJF. Additional information is available at www.raymondjames.com. Raymond James & Associates, Inc., member New York Stock Exchange/SIPC.