Investment Banking Transactions

	Date	Client	Type	Sub-Type	Amt.	Logo	Sector/Sub-Sector	Description	Tombstone Description	PSC Role
Published	03/01/2022	FFL Partners	Private Capital Advisory, Secondary Capital	Secondary Capital		Image	Private Capital Advisory	Piper Sandler served as sole financial advisor to FFL partners for its Multi Asset Continuation Vehicle	Multi Asset Continuation Vehicle	Secondary Advisor
Published	03/01/2022	Total Bank Solutions	Mergers & Acquisitions	Merger		Image Image	Financial Services, Asset & Wealth Management	Piper Sandler served as financial advisor for Total Bank Solutions on merger with R&T Deposit Solutions	Total Bank Solutions has merged with R&T Deposit Solutions	Financial Advisor
Published	03/01/2022	Citizens Bancshares Corporation	Debt Capital Markets - Depositories, Real Estate & Financial Services, Financing	Subordinated Notes	$25.0 Million	Image	Financial Services, Depositories	Piper Sandler served as sole placement agent for Citizens Bancshares Corporation on a 4.25% fixed-to-floating rate subordinated notes offering due in 2032	Subordinated Notes	Sole Placement Agent
Published	03/01/2022	Third Coast Bancshares, Inc.	Debt Capital Markets - Depositories, Real Estate & Financial Services, Financing	Subordinated Notes	$82.3 Million	Image	Financial Services, Depositories	Piper Sandler served as lead placement agent for Third Coast Bancshares, Inc. on a 5.50% fixed-to-floating rate subordinated notes offering due in 2032	Subordinated Notes	Joint Placement Agent
Published	02/28/2022	The Research Partnership	Mergers & Acquisitions	Sell-Side		Image Image Image	Healthcare, Healthcare Services	Piper Sandler served as sell-side advisor for The Research Partnership on sale to Ashfield Huntsworth, a portfolio company of Clayton Dubilier & Rice	The Research Partnership has been acquired by Ashfield Huntsworth, a portfolio company of Clayton Dubilier & Rice	Financial Advisor
Published	02/28/2022	Galderma Holding S.A.	Mergers & Acquisitions	Division Carve Out		Image Image Image Image	Consumer, Beauty & Personal Care, Healthcare, Biopharma	Piper Sandler served as sell-side advisor for Galderma S.A., a portfolio company EQT, on divestiture of Alchemee (formerly the Proactiv Company) to Taro Pharmaceuticals Industries Ltd.	Galderma S.A., a portfolio company EQT, has divested Alchemee (formerly the Proactiv Company) to Taro Pharmaceuticals Industries Ltd.	Financial Advisor
Published	02/28/2022	VanZandt Controls, LLC	Mergers & Acquisitions	Sell-Side		Image Image Image Image	Energy, Power & Infrastructure, Energy & Power Infrastructure, Energy & Power Services & Equipment	Piper Sandler served as sell-side advisor for VanZandt Controls, LLC, a portfolio company of OFS Energy Fund, on sale to Eagle Automation, a portfolio company of Featheringill Capital	VanZandt Controls, LLC, a portfolio company of OFS Energy Fund, has been acquired by Eagle Automation, a portfolio company of Featheringill Capital	Financial Advisor
Published	02/28/2022	Western Alliance Bancorporation	Equity Capital Markets	At the Market Offering	$3.0 Billion	Image	Financial Services, Depositories	Piper Sandler served as placement agent for Western Alliance Bancorporation on an ATM offering	ATM	Sole Placement Agent
Published	02/23/2022	Paramount Rx	Mergers & Acquisitions	Sell-Side		Image Image Image	Healthcare, Healthcare Services	Piper Sandler served as sell-side advisor for Paramount Rx Inc. on sale to RxSense Group LLC, a portfolio company of Parthenon Capital	Paramount Rx Inc. has been acquired by RxSense Group LLC, a portfolio company of Parthenon Capital	Financial Advisor
Published	02/16/2022	Baylis Medical Company Inc.	Mergers & Acquisitions	Division Carve Out	$1.8 Billion	Image Image	Healthcare, Med-Tech	Piper Sandler served as sell-side advisor for Baylis Medical Company, Inc. on sale to Boston Scientific Corporation	Baylis Medical Company, Inc. has been acquired by Boston Scientific Corporation	Financial Advisor
Published	02/14/2022	Advanced Micro Devices, Inc.	Mergers & Acquisitions	Buy-Side	$36.8 Billion	Image Image	Technology, Internet & Digital Media	Piper Sandler served as buy-side advisor for Advanced Micro Devices, Inc. on acquisition of Xilinx, Inc. The combination represents the largest semiconductor acquisition in history creating the industry’s leading high performance computing company, significantly expanding the breadth of AMD’s product portfolio and customer set across diverse growth markets where Xilinx is an established leader	Advanced Micro Devices, Inc. has acquired Xilinx, Inc.	Financial Advisor
Published	02/11/2022	Inspirato LLC	Financing, Equity Capital Markets	Advisory	$1.1 Billion	Image Image	Technology, Internet & Digital Media	Piper Sandler served as financial advisor for Inspirato LLC on its business combination with Thayer Ventures Acquisition Corp. in a reverse merger	Inspirato LLC has combined with Thayer Ventures Acquisition Corp. in a reverse merger	Financial Advisor
Published	02/04/2022	Stoneweg	Private Capital Advisory, Private Funds	Private Funds		Image	Private Capital Advisory	Piper Sandler raised an SMA for an Iberian bridge and real estate development lending strategy	SMA	Sole Placement Agent
Published	02/03/2022	Silver Spike Investment Corp	Financing, Equity Capital Markets	IPO	$85.0 Million	Image	Consumer, Agriculture & Biorenewables, Financial Services, Healthcare, Biopharma	Piper Sandler served as bookrunner for Silver Spike Investment Corp. on its initial public offering	Initial Public Offering	Active Bookrunner
Published	02/03/2022	American West Restaurant Group, LLC	Mergers & Acquisitions	Sell-Side		Image Image Image	Consumer, Restaurants	Piper Sandler served as co-lead for American West Restaurant Group, LLC, a portfolio company of Sterling Investment Partners, on sale to Sentinel Capital Partners	American West Restaurant Group, LLC, a portfolio company of Sterling Investment Partners, has been acquired by Sentinel Capital Partners	Financial Advisor
Published	02/02/2022	Flotek Industries, Inc.	Financing, Equity Capital Markets	PIPE		Image	Energy, Power & Infrastructure, Energy & Power Infrastructure, Energy & Power Services & Equipment	Piper Sandler served as financial advisor for Flotek Industries, Inc. on the placement of preferred equity and supply agreement. Flotek has issued $21.2 million aggregate initial principal amount of convertible notes for net cash proceeds of approximately $19.0 million. Simultaneously, Flotek has issued $10.0 million convertible notes in exchange for entering into a multi-year agreement with a strategic partner.	Convertible PIPE	Financial Advisor
Published	02/01/2022	Kemper Corporation	Financing, Debt Capital Markets - Depositories, Real Estate & Financial Services	Senior Notes	$400.0 Million	Image	Financial Services, Insurance	Piper Sandler served as co-manager for Kemper Corporation on a senior notes offering	Senior Notes	Co-Manager
Published	02/01/2022	TowneBank	Debt Capital Markets - Depositories, Real Estate & Financial Services, Financing	Subordinated Notes	$250.0 Million	Image	Financial Services, Depositories	Piper Sandler served as bookrunner for TowneBank on a 3.125% fixed-to-floating rate subordinated notes offering due in 2032	Subordinated Notes	Left Bookrunner
Published	02/01/2022	BT Holdings, Inc.	Mergers & Acquisitions	Sell-Side	$315.5 Million	Image Image Image	Financial Services, Depositories	Piper Sandler served as sell-side advisor for BT Holdings, Inc., holding company for BTH Bank, on sale to Origin Bancorp, Inc.	BT Holdings, Inc., holding company for BTH Bank, has been acquired by Origin Bancorp, Inc.	Financial Advisor
Published	02/01/2022	Liberty Bancorp	Mergers & Acquisitions	Sell-Side		Image Image	Financial Services, Depositories	Piper Sandler served as financial advisor for Liberty Bancorp, holding company for Liberty Bank, on sale to DMG Bancshares	Liberty Bancorp, holding company for Liberty Bank, has been acquired by DMG Bancshares	Financial Advisor