Investment Banking Transactions

	Date	Client	Type	Sub-Type	Amt.	Logo	Sector/Sub-Sector	Description	Tombstone Description	PSC Role
Published	09/24/2025	CNO Financial Group	Mergers & Acquisitions	Buy-Side		Image Image	Financial Services, Asset & Wealth Management	Piper Sandler served as buy-side advisor for CNO Financial Group on its strategic minority interest in Victory Park Capital	CNO financial Group has acquired a strategic minority interest in Victory Park Capital	Financial Advisor
Published	09/19/2025	APT Healthcare	Financing, Debt Capital Markets	Senior Term Loan	$135.0 Million	Image Image	Healthcare, Healthcare Services	Piper Sandler served as sole debt placement agent for APT Healthcare, a portfolio company of York Capital Management, on its senior term loan and delayed draw term loan & revolver	Sr. Secured Term Loan Delayed Draw Term Loan & Revolver	Sole Placement Agent
Published	09/19/2025	Netskope	Equity Capital Markets	IPO	$1.0 Billion	Image	Technology, Security	Piper Sandler served as bookrunner for Netskope on its IPO	Initial Public Offering	Passive Bookrunner
Published	09/18/2025	WaterBridge Resources	Equity Capital Markets	IPO	$729.1 Million	Image	Energy, Power & Infrastructure, Energy & Power Infrastructure	Piper Sandler served as bookrunner for WaterBridge Resources on its IPO	Initial Public Offering	Passive Bookrunner
Published	09/18/2025	Rithm Capital	Equity Capital Markets	Preferred Stock	$190.0 Million	Image	Financial Services, Specialty Finance	Piper Sandler served as joint book-running manager for Rithm Capital on its preferred stock offering	Preferred Stock	Joint Bookrunner
Published	09/15/2025	ValiMail	Mergers & Acquisitions	Sell-Side		Image Image	Technology, Security	Piper Sandler served as sell-side advisor for ValiMail on its sale to DigiCert, backed by Clearlake Capital Group, L.P, Crosspoint Capital Partners L.P., and TA Associates Management L.P.	Valmail has been acquired by DigiCert	Financial Advisor
Published	09/12/2025	Figure Technology Solutions	Equity Capital Markets	IPO	$906.6 Million	Image	Financial Services, Specialty Finance	Piper Sandler served as co-manager for Figure Technology Solutions on its IPO	Initial Public Offering	Co-Manager
Published	09/12/2025	LB Pharma	Equity Capital Markets	IPO	$327.7 Million	Image	Healthcare, Biopharma	Piper Sandler served as bookrunner for LB Pharma on its IPO	Initial Public Offering	Active Bookrunner
Published	09/10/2025	Mascoma Mutual Financial Services	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 Mascoma Mutual Financial Services on its subordinated notes offering	Subordinated Notes	Sole Placement Agent
Published	09/10/2025	CAMP4	Equity Capital Markets	PIPE	$100.0 Million	Image	Healthcare, Biopharma	Piper Sandler served as placement agent for CAMP4 on its PIPE offering	PIPE	Sole Placement Agent
Published	09/09/2025	Old National Bancorp	Mergers & Acquisitions	Division Carve Out		Image Image Image	Financial Services, Insurance	Piper Sandler served as financial advisor for Old National Bancorp on its sale of Bremer Insurance Agencies to Arthur J. Gallagher & Co.	Old National has sold Bremer Insurance to Arthur J. Gallagher & Co.	Financial Advisor
Published	09/08/2025	Diamondback Energy	Mergers & Acquisitions	Sell-Side	$138.0 Million	Image Image	Energy, Power & Infrastructure, Upstream	Piper Sandler served as sell-side advisor for Diamondback Energy on the sale of its Delaware Basin non-operated assets to Riverbend Energy Group	Diamondback Energy has sold its Delaware Basin non-operated assets to Riverbend Energy Group	Financial Advisor
Published	09/08/2025	Sapphire Technologies	Mergers & Acquisitions	Minority Investment		Image	Energy, Power & Infrastructure, Energy & Power Services & Equipment	Piper Sandler served as financial advisor to Sapphire Technologies in connection with its series C financing	Series C Financing	Financial Advisor
Published	09/04/2025	Crestline Management	Mergers & Acquisitions	Sell-Side		Image Image	Financial Services, Asset & Wealth Management	Piper Sandler served as sell-side advisor for Crestline Management on its announced acquisition to Rithm Capital	Crestline has agreed to be acquired by Rithm	Financial Advisor
Published	09/03/2025	Brightway Insurance	Mergers & Acquisitions	Buy-Side		Image Image Image	Financial Services, Insurance	Piper Sandler served as buy-side advisor for Brightway Insurance, a portfolio company of GrowthCurve, on its acquisition of GlobalGreen Insurance	Brightway Insurance, a portfolio company of GrowthCurve has been acquired by GlobalGreen Insurance	Financial Advisor
Published	09/03/2025	American Bitcoin	Equity Capital Markets	At the Market Offering	$2.1 Billion	Image	Financial Services	Piper Sandler served as manager for American Bitcoin on an ATM offering	ATM Program Common Stock	Co-Manager
Published	09/01/2025	Unilever	Mergers & Acquisitions	Division Carve Out		Image Image Image	Consumer, Food & Beverage	Piper Sandler served as financial advisor for Unilever on its sale of The Vegetarian Butcher to Vivera	The Vegetarian Butcher has been acquired by Vivera	Financial Advisor
Published	09/01/2025	Merchant Gourmet	Mergers & Acquisitions	Sell-Side		Image Image	Consumer, Food & Beverage	Piper Sandler served as sell-side advisor for Merchant Gourmet on its sale to Premier Foods	Merchant Gourmet has been acquired by Premier Foods	Financial Advisor
Published	08/29/2025	Pinnacol Assurance	Mergers & Acquisitions	Buy-Side		Image Image Image	Financial Services, Insurance	Piper Sandler served as buy-side advisor for Pinnacol Assurance, a subsidiary of EverPeak Insurance, on its acquisition of Method Insurance	EverPeak, a subsidiary of Pinnacol Assurance has acquired Method Insurance	Financial Advisor
Published	08/29/2025	Raken	Mergers & Acquisitions	Sell-Side		Image Image	Technology, Software	Piper Sandler served as sell-side advisor for Raken on its strategic investment from Sverica	Raken has received a growth investment from Sverica	Financial Advisor