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Date | Client | Type | Sub-Type | Amt. | Logo | Sector/Sub-Sector | Description | Tombstone Description | PSC Role | |
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Published | 12/30/2022 | GTT Communications, Inc. | Restructuring | Chapter 11 Reorganization | $4 Billion | Image
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Technology, Software | Piper Sandler served as investment banker for GTT Communications, Inc. on its restructuring, which was effectuated through the sale of its infrastructure business in September 2021 to I Squared Capital (with proceeds being used to pay down their debt) and a pre-packaged chapter 11 filing to restructure their remaining debt |
Chapter 11 Reorganization | Financial Advisor |
Published | 12/30/2022 | Pedcor Financial, LLC | Financing, Debt Capital Markets - Depositories, Real Estate & Financial Services | Preferred Stock | $6.0 Million | Image
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Financial Services, Depositories | Piper Sandler served as sole placement agent for United Fidelity Bank on a 10.00% non-cumulative perpetual preferred stock offering, Series E | Preferred Stock |
Sole Placement Agent |
Published | 12/29/2022 | SureWerx | Mergers & Acquisitions | Sell-Side | Image
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Services & Industrials | Piper Sandler served as sell-side advisor for SureWerx, a portfolio company of The Riverside Company, on sale to Partners Group | SureWerx, a portfolio company of The Riverside Company, has sold to Partners Group | Financial Advisor | |
Published | 12/28/2022 | Knighthead Annuity & Life Insurance Company | Financing, Debt Capital Markets - Depositories, Real Estate & Financial Services | Senior Notes | $50.0 Million | Image
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Financial Services, Insurance | Piper Sandler served as financial advisor and sole placement agent for Knighthead Annunity & LIfe Insurance Company on a fixed-rate prescribed capital notes due in 2042 | Senior Notes |
Sole Placement Agent |
Published | 12/23/2022 | Remediant, Inc. | Mergers & Acquisitions | Sell-Side | Image
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Technology, Security | Piper Sandler served as sell-side advisor for Remediant, Inc. on sale to Netwrix | Remediant, Inc. has sold to Netwrix | Financial Advisor | |
Published | 12/23/2022 | Monarch Silica | Mergers & Acquisitions | Sell-Side | Image
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Energy & Power, Oilfield Services & Equipment | Piper Sandler served as sell-side advisor for Monarch Silica on sale of its Eagle Ford sand mining operations to ProFrac Holdings Corp. | Monarch Silica has sold its Eagle Ford sand mining operations to ProFrac Holdings Corp. | Financial Advisor | |
Published | 12/22/2022 | von Drehle Corporation | Restructuring | Special Situations Financing | Image
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Consumer, Diversified Consumer Products | Piper Sandler served as financial advisor for von Drehle Corporation on sale and recapitalization led by consortium of investors, including Atlas Holdings, Comvest partners and Morgan Stanley Private Credit | Special Situations Financing |
Financial Advisor | |
Published | 12/22/2022 | Artemis Wax Corp. | Mergers & Acquisitions | Minority Investment | Image
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Consumer, Health & Wellness Services | Piper Sandler served as financial advisor for Artemis Wax Corp on a minority investment from Main Post Partners | Artemis Wax Corp has received a minority investment from Main Post Partners | Financial Advisor | |
Published | 12/16/2022 | Crunch LLC | Mergers & Acquisitions | Division Carve Out | Image
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Consumer, Health & Wellness Services | Piper Sandler served as sell-side advisor for Crunch LLC on divestiture of six corporate-owned high-value, low-price health clubs to Atticus Franchise Group. The six clubs are based in Sacramento, CA and the transaction includes the rights for Atticus to develop an additional 75 locations in select territories throughout the U.S. |
Crunch LLC has divested a portfolio of gyms to Atticus Franchise Group |
Financial Advisor | |
Published | 12/15/2022 | Kingstone Companies, Inc. | Financing, Debt Capital Markets - Depositories, Real Estate & Financial Services | Senior Notes | $30.0 Million | Image
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Financial Services, Insurance | Piper Sandler served as financial advisor for Kingstone Companies, Inc. on a debt refinancing and exchange offer of 5.50% senior notes due in 2022 |
Debt Refinancing & Exchange Offer of Senior Notes | Financial Advisor |
Published | 12/15/2022 | Kingstone Companies, Inc. | Financing, Debt Capital Markets - Depositories, Real Estate & Financial Services | Senior Notes | $20.0 Million | Image
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Financial Services, Insurance | Piper Sandler served as sole placement agent for Kingstone Companies, Inc. on a private placement of 12.00% senior notes due in 2024 |
Private Placement of Senior Notes | Financial Advisor |
Published | 12/15/2022 | Waypoint Residential, LLC | Financing, Debt Capital Markets - Depositories, Real Estate & Financial Services | Senior Notes | $63.2 Million | Image
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Financial Services, Real Estate | Piper Sandler served as sole placement agent for Waypoint Residential on a senior notes offering |
Senior Notes | Sole Placement Agent |
Published | 12/15/2022 | Ermco, Inc. | Mergers & Acquisitions | Buy-Side | Image
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Services & Industrials | Piper Sandler served as buy-side advisor and sole debt placement agent for Electric Research and Manufacturing Cooperative, Inc. on acquisition of Spire Power Solutions, L.P., a portfolio company of Mill Point Capital LLC | Electric Research and Manufacturing Cooperative, Inc. has acquired Spire Power Solutions, L.P., a portfolio company of Mill Point Capital LLC | Financial Advisor | |
Published | 12/14/2022 | Malvern Bancorp, Inc. | Mergers & Acquisitions | Sell-Side | $150.0 Million | Image
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Financial Services, Depositories | Piper Sandler served as sell-side advisor for Malvern Bancorp, Inc. on announced merger with First Bank |
Malvern Bancorp, Inc. has agreed to merge with First Bank | Financial Advisor |
Published | 12/14/2022 | The Community Financial Corporation | Mergers & Acquisitions | Sell-Side | $254.4 Million | Image
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Financial Services, Depositories | Piper Sandler served as sell-side advisor for The Community Financial Corporation on announced merger with Shore Bancshares, Inc. |
The Community Financial Corporation has agreed to merge with Shore Bancshares, Inc. | Financial Advisor |
Published | 12/13/2022 | BJ Energy | Financing, Debt Capital Markets | Senior Secured Debt | $100.0 Million | Image
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Energy & Power, Oilfield Services & Equipment | Piper Sandler served as financial advisor and sole debt placement agent for BJ Energy on an ABL Revolver |
ABL Revolver | Financial Advisor |
Published | 12/13/2022 | Ion Financial, MHC | Financing, Debt Capital Markets - Depositories, Real Estate & Financial Services | Subordinated Notes | $20.0 Million | Image
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Financial Services, Depositories | Piper Sandler served as sole placement agent for Ion Financial, MHC on a 7.50% fixed-to-floating rate subordinated notes offering due in 2032 | Subordinated Notes | Sole Placement Agent |
Published | 12/12/2022 | ImmunityBio | Financing, Equity Capital Markets | Registered Direct | $50.0 Million | Image
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Healthcare, Biopharma | Piper Sandler served as sole placement agent for ImmunityBio on a registered direct offering | Registered Direct | Sole Placement Agent |
Published | 12/12/2022 | PSB Holding Corp. | Mergers & Acquisitions | Sell-Side | $53.9 Million | Image
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Financial Services, Depositories | Piper Sandler served as sell-side advisor for PSB Holding Corp. on announced merger with Summit Financial Group | PSB Holding Corp. has agreed to merge with Summit Financial Group | Financial Advisor |
Published | 12/09/2022 | BJ Energy Solutions | Financing, Debt Capital Markets | Senior Notes | $100.0 Million | Image
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Energy & Power, Energy & Power Infrastructure | Piper Sandler served as sole placement agent for BJ Energy Solutions on an ABL revolver | ABL Revolver | Sole Placement Agent |
Piper Sandler acquired TRS Advisors on 12/31/2020, Stamford Partners on 6/13/2022 and DBO Partners on 10/10/2022, transactions completed prior were executed by the respective firm.