Piper Sandler Acquires MENA Growth Partners to Expand GCC Investment Banking Operations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Businesswire
- Acquisition Completed: Piper Sandler has successfully acquired MENA Growth Partners based in Abu Dhabi, establishing a strategic investment banking hub in the GCC region, which is expected to enhance its market competitiveness in the area.
- Leadership Transition: Nabeel Siddiqui, currently a managing director in Piper Sandler's London office, will relocate to Abu Dhabi to lead investment banking in the region while continuing to oversee his existing European business, ensuring continuity and expansion of operations.
- Enhanced Regional Connections: By leveraging MENA Growth Partners' regional relationships, Piper Sandler will connect its deep domain expertise in energy, infrastructure, chemicals, healthcare, technology, equity capital markets, and private capital advisory with local clients, thereby enhancing service capabilities.
- Legal Advisory Support: In connection with the transaction, Piper Sandler was advised by Al Tamimi & Company, while MENA Growth Partners received legal advice from Charles Russell Speechlys and TMF Group, ensuring compliance and smooth execution of the deal.
Analyst Views on PIPR
Wall Street analysts forecast PIPR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PIPR is 386.00 USD with a low forecast of 386.00 USD and a high forecast of 386.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 374.500
Low
386.00
Averages
386.00
High
386.00
Current: 374.500
Low
386.00
Averages
386.00
High
386.00
About PIPR
Piper Sandler Companies is an investment bank and institutional securities firm, serving the needs of corporations, private equity groups, public entities, non-profit entities and institutional investors in the United States and internationally. The Company operates in one segment, providing investment banking services, institutional sales and trading services for various equity and fixed income products, and research services. It provides a broad set of products and services, including financial advisory services; equity and debt capital markets products; public finance services; institutional brokerage services; fundamental equity and macro research services; fixed income services; and alternative asset management strategies. The Company operates alternative asset management funds in merchant banking and healthcare in order to invest firm capital and to manage capital from outside investors. It offers both equity and fixed income advisory and trade execution services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
