Investment Banking Transactions

	Date	Client	Type	Sub-Type	Amt.	Logo	Sector/Sub-Sector	Description	Tombstone Description	PSC Role
Published	10/16/2025	Bank or Montreal	Mergers & Acquisitions	Division Carve Out		Image Image	Financial Services, Depositories	Piper Sandler served as financial advisor for Bank of Montreal on its announced branch sale to First Citizens Bancshares	Bank of Montreal has agreed to sell 138 branches to First Citizens Bank	Financial Advisor
Published	10/15/2025	FoxPath Capital Partners	Mergers & Acquisitions	Strategic Advisory		Image Image	Financial Services, Asset & Wealth Management	Piper Sandler served as financial advisor for FoxPath Capital Partners on its strategic partnership with Reinsurance Group of America	FoxPath Capital Partners has received a strategic investment from RGA	Financial Advisor
Published	10/15/2025	Adagio Medical Inc.	Equity Capital Markets	PIPE	$50.0 Million	Image	Healthcare, Med-Tech	Piper Sandler served as placement agent for Adagio Medical on its PIPE offering	PIPE	Sole Placement Agent
Published	10/15/2025	Fulcrum Asset Management	Mergers & Acquisitions	Sell-Side		Image Image	Financial Services, Asset & Wealth Management	Piper Sandler served as sell-side advisor for Fulcrum Asset Management on its strategic Investment from Fidante Partners	Fulcrum Asset Management has agreed to a strategic investment from Fidante	Financial Advisor
Published	10/14/2025	Inventiva	Equity Capital Markets	At the Market Offering	$100.0 Million	Image	Healthcare, Biopharma	Piper Sandler served as sole agent for Inventiva on an ATM offering	ATM Program Common Stock	Sole Sales Agent
Published	10/09/2025	Midwest BankCentre	Financing, Debt Capital Markets - Depositories, Real Estate & Financial Services	Subordinated Notes	$50.0 Million	Image	Financial Services, Depositories	Piper Sandler served as lead placement agent for Midwest BankCentre on its subordinated notes offering	Subordinated Notes	Lead Placement Agent
Published	10/09/2025	Bamboo Ide8 Insurance Services	Debt Capital Markets - Depositories, Real Estate & Financial Services, Mergers & Acquisitions	Sell-Side		Image Image Image	Financial Services, Insurance	Piper Sandler served as financial advisor for Bamboo Idea8 Insurance, a portfolio company of White Mountains Insurance Group, on its sale to CVC Capital Partners	White Mountains Insurance Group has sold Bamboo Idea8 Insurance Services to CVC Capital Partners	Sole Placement Agent
Published	10/07/2025	Esperion Therapeutics	Equity Capital Markets	CMFO	$75.0 Million	Image	Healthcare, Biopharma	Piper Sandler served as bookrunner for Esperion Therapeutics, Inc. on its CMFO	Confidentially Marketed Follow-On Offering	Lead Bookrunner
Published	10/02/2025	Neptune Flood Insurance	Equity Capital Markets	IPO	$368.4 Million	Image	Financial Services, Technology, Software	Piper Sandler served as bookrunner for Neptune Flood Insurance on its IPO	Initial Public Offering	Joint Bookrunner
Published	10/02/2025	Criterion	Mergers & Acquisitions	Sell-Side		Image Image	Technology, Software	Piper Sandler served as sell-side advisor for Criterion on its sale to The Sage Group	Criterion has been acquired by The Sage Group	Financial Advisor
Published	10/01/2025	Unit Corporation	Mergers & Acquisitions	Sell-Side	$120.0 Million	Image Image Image	Energy, Power & Infrastructure, Energy & Power Infrastructure, Energy & Power Services & Equipment	Piper Sandler served as financial advisor for Unit Corporation on its definitive agreement to sell its wholly-owned contract drilling subsidiary, Unit Drilling Company, to Cactus Drilling Company	Unit Drilling Company a wholly-owned subsidiary of Unit Corporation has been acquired by Cactus Drilling Company	Financial Advisor
Published	10/01/2025	Rockbridge Growth Equity	Mergers & Acquisitions	Buy-Side		Image Image	Technology, Technology Services	Piper Sandler served as buy-side advisor for Rockbridge Growth Equity Management on its strategic investment in Miles Mediation & Arbitration	Rockbridge Growth Equity has made a growth investment in Miles Mediation & Arbitration	Financial Advisor
Published	10/01/2025	Diamondback Energy	Mergers & Acquisitions	Sell-Side		Image Image	Energy, Power & Infrastructure, Energy & Power Infrastructure	Piper Sandler served as sell-side advisor for Diamondback Energy on the sale of its Environmental Disposal Systems LLC to Deep Blue Midland Basin	Diamondback Energy has sold its Environmental Disposal Systems LLC to Deep Blue Midland Basin	Financial Advisor
Published	09/30/2025	Bite Investments	Mergers & Acquisitions	Sell-Side	$25.0 Million	Image Image	Financial Services, FinTech	Piper Sandler served as sell-side advisor for Bite Investments on its strategic growth investment from NewSpring Capital	Bite Investments received a strategic growth investment from NewSpring Capital	Financial Advisor
Published	09/30/2025	Clear Street Capital	Debt Capital Markets - Depositories, Real Estate & Financial Services	Senior Notes	$221.5 Million	Image	Financial Services, FinTech	Piper Sandler served as joint lead placement agent for Clear Street Holdings on its senior unsecured notes offering	Senior Unsecured Notes	Lead Placement Agent
Published	09/30/2025	Cornerstone Capital Bank	Mergers & Acquisitions	Buy-Side		Image Image	Financial Services, Depositories	Piper Sandler has advised Cornerstone Capital Bank on its announced acquisition of Peoples Bank	Cornerstone Capital Bank has agreed to acquire Peoples Bank	Financial Advisor
Published	09/29/2025	Phoenix Physical Therapy	Financing, Debt Capital Markets	Senior Term Loan		Image Image	Healthcare, Healthcare Services	Piper Sandler served as sole placement agent for Phoenix Physical Therapy & Health Services, a portfolio company of Audax Private Equity, on its senior secured term loan and delayed draw term loan & revolver	Sr. Secured Term Loan Delayed Draw Term Loan & Revolver	Sole Placement Agent
Published	09/26/2025	Olympic Bancorp	Mergers & Acquisitions	Sell-Side	$177.0 Million	Image Image	Financial Services, Depositories	Piper Sandler served as sell-side advisor for Olympic Bancorp on its announced merger with Heritage Financial Corporation	Olympic Bancorp has agreed to merge with Heritage Financial Corporation	Financial Advisor
Published	09/25/2025	Orange County Bancorp	Financing, Debt Capital Markets - Depositories, Real Estate & Financial Services	Subordinated Notes	$25.0 Million	Image	Financial Services, Depositories	Piper Sandler served as sole placement agent for Orange County Bancorp on its subordinated notes offering	Subordinated Notes	Sole Placement Agent
Published	09/25/2025	First Savings Financial Group	Mergers & Acquisitions	Sell-Side	$241.0 Million	Image Image	Financial Services, Depositories	Piper Sandler served as sell-side advisor for First Savings Financial Group on its announced merger with First Merchants Corporation	First Savings Financial Group has agreed to merge with First Merchants Corporation	Financial Advisor