ST. LOUIS and PORTLAND, Maine, Feb. 19, 2021 (GLOBE NEWSWIRE) — Stifel Monetary (NYSE: SF) at this time introduced an settlement to accumulate the long run enterprise of North Atlantic Capital Company, based mostly in Portland, Maine. The acquisition additional positions Stifel as an lively supervisor of small enterprise funding firms (“SBIC”) and of enterprise capital (“VC”) funds. Along with the acquisition, Stifel has made a monetary dedication to put money into the subsequent North Atlantic SBIC. North Atlantic has been re-branded North Atlantic Capital – a Stifel Firm.
The transaction brings collectively two very complimentary companies. The North Atlantic funding technique, which is concentrated on excessive development expertise firms, aligns properly with Stifel’s nationally acknowledged experience in institutional analysis and funding banking companies. North Atlantic portfolio firms will now have prepared entry to the substantial array of Stifel assets to help their development and success.
“We’re happy to discover a associate with a robust funding monitor report and an skilled crew that matches properly in our tradition,” stated Victor Nesi, Stifel Monetary Co-President and Head of the Stifel Institutional Group. “Our plan is to leverage North Atlantic’s deep understanding of the enterprise capital markets to assist us construct out a strong companies providing for privately held, high-growth expertise companies.”
“The enterprise capital markets have advanced considerably in dimension and class over the 35 years since North Atlantic was shaped in 1986,” commented David Coit, North Atlantic Co-Founder and Managing Director. “North Atlantic has been an early adopter of trade improvements, together with our present structured capital, combining components of long run debt and fairness devices tailor-made to fulfill our portfolio firms’ wants. We sit up for leveraging Stifel assets to establish new and inventive approaches to supporting development expertise firms sooner or later.”
North Atlantic Managing Director Mark J. Morrissette added, “Stifel brings a wealth of assets to help the long run development of North Atlantic. By leveraging Stifel’s strengths in funding banking, institutional analysis, and enterprise lending, we see a big alternative to bolster North Atlantic’s aggressive place within the enterprise capital market.”
Stifel Firm Data
Stifel Monetary Corp. (NYSE: SF) is a monetary companies holding firm headquartered in St. Louis, Missouri, that conducts its banking, securities, and monetary companies enterprise by means of a number of wholly owned subsidiaries. Stifel’s broker-dealer shoppers are served in the US by means of Stifel, Nicolaus & Firm, Integrated, together with its Eaton Companions enterprise division; Keefe, Bruyette & Woods, Inc.; Miller Buckfire & Co., LLC and Century Securities Associates, Inc. The Firm’s broker-dealer associates present securities brokerage, funding banking, buying and selling, funding advisory, and associated monetary companies to particular person traders, skilled cash managers, companies, and municipalities. Stifel Financial institution and Stifel Financial institution & Belief supply a full vary of shopper and business lending options. Stifel Belief Firm, N.A. and Stifel Belief Firm Delaware, N.A. supply belief and associated companies. To study extra about Stifel, please go to the Firm’s web site at www.stifel.com. For international disclosures, please go to https://www.stifel.com/investor-relations/press-releases.
North Atlantic Capital – a Stifel Firm Data
North Atlantic Capital is a Portland, Maine, based mostly enterprise capital administration firm with an extended historical past of investing in privately held, high-growth expertise companies. Since its inception, North Atlantic has invested in over 100 firms all through the continental United States, together with early-stage investments in Maine based mostly WEX (NYSE: WEX) and IDEXX (Nasdaq: IDXX). North Atlantic usually invests in a variety of financing buildings, together with subordinated debt with warrants, most well-liked inventory and customary fairness. North Atlantic has intensive expertise in main transactions in addition to partnering with different enterprise capital and personal fairness corporations. To study extra about North Atlantic, please go to the Firm’s web site at www.northatlanticcapital.com.
Neil Shapiro, (212) 271-3447
Joel Jeffrey, (212) 271-3610