KPMG LLP’s wholly owned subsidiary, KPMG Corporate Finance LLC has acquired substantially all of the assets of St. Charles Capital, a boutique investment bank that provides M&A and capital advisory services for mid-market companies nationwide. Terms of the deal were undisclosed.
The transaction will enhance KPMG CF’s position as a mid-market investment bank and M&A advisor for companies in the technology, telecommunications, financial services, energy and diversified industrials sectors.
“Demand for KPMG’s Corporate Finance business continues to expand as companies increasingly look to inorganic growth to transform their operations,” said Lynne Doughtie, vice chair for advisory at KPMG LLP. “The addition of St. Charles Capital’s experienced investment banking team complements the already highly-regarded global KPMG Corporate Finance platform while also expanding our industry presence and capabilities in key dynamic sectors.”
Founded in 2005 with headquarters in Denver, St. Charles Capital’s investment bankers specialize in M&A, sellside, buyside and capital advisory services. St. Charles Capital’s bankers have assisted organizations with the completion of more than 200 M&A transactions valued in excess of $7.1 billion in total and raised nearly $1.4 billion in private capital.
“We are proud to join a global investment banking platform with a shared high performance culture,” said Michael Franson, president of St. Charles Capital. “Access to KPMG’s impressive global distribution network and full service advisory capabilities in critically important vertical markets greatly expand the value we can provide to clients and prospects.”
“We are excited to have St. Charles Capital’s highly respected senior industry bankers join the KPMG CF practice. Their outstanding industry experience in technology, financial services and energy sectors enhances our ability to serve key market segments,” said Phil Isom, head of KPMG Corporate Finance LLC. “Integrating St. Charles Capital’s team will bolster our ability to assist mid-market organizations with capitalizing on renewed M&A optimism and appetite, and help build an added spectrum of key sector capabilities and experience.”