Investment Banking Transactions

	Date	Client	Type	Sub-Type	Amt.	Logo	Sector/Sub-Sector	Description	Tombstone Description	PSC Role
Published	02/01/2022	Kemper Corporation	Financing	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	Flow Science	Mergers & Acquisitions	Sell-Side		Image Image Image Image	Technology, Defense & Government	Piper Sandler served as sell-side advisor for Flow Science on its sale to Dr. Flender Holding Gmbh	Flow Science has been acquired by Dr. Flender Holding Gmbh	Financial Advisor
Published	02/01/2022	Recoil Resources	Mergers & Acquisitions	Division Carve Out		Image	Energy, Power & Infrastructure, Upstream	Piper Sandler served as sell-side advisor for Recoil Resources on divestiture of Eagle Ford assets	Recoil Resources has divested Eagle Ford assets	Financial Advisor
Published	02/01/2022	National Class A Office Real Estate Operator	Financing	Senior Notes	$105.0 Million	Image	Financial Services, Real Estate	Piper Sandler served as sole placement agent for a National Class A Office Real Estate Operator on 6.50% senior notes due in 2027	Senior Notes	Sole Placement Agent
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
Published	02/01/2022	Axos Financial, Inc.	Debt Capital Markets - Depositories, Real Estate & Financial Services	Subordinated Notes	$150.0 Million	Image	Financial Services, Depositories	Piper Sandler served as bookrunner for Axos Financial on a 4.00% fixed-to-floating rate subordinated notes offering due in 2032	Subordinated Notes	Active Bookrunner
Published	01/20/2022	Ellington Financial	Financing	At the Market Offering	$100.0 Million	Image	Financial Services, Real Estate	Piper Sandler served as placement agent for Ellington Financial on an ATM offering	ATM Program Common Stock	Sole Placement Agent
Published	01/19/2022	Hunter Fan Company, Inc.	Mergers & Acquisitions	Sell-Side		Image Image Image	Consumer, Diversified Consumer Products, Services & Industrials, Industrial Services	Piper Sandler served as co-advisor for Hunter Fan Company, a portfolio company of MidOcean Partners, on sale to Griffon Corporation	Hunter Fan Company, a portfolio company of MidOcean Partners, has been acquired by Griffon Corporation	Co-Lead
Published	01/19/2022	Silobreaker Ltd	Mergers & Acquisitions	Sell-Side	$100.0 Million	Image Image	Technology, Software	Piper Sandler served as sell-side advisor for Silobreaker Ltd to Marlin Equity Partners, LLC. The company's comprehensive software solution helps business, security and intelligence professionals generate critical and actionable insights from overwhelming amounts of unstructured data on the web through its powerful data enrichment, contextualization and visualization capabilities	Silobreaker Ltd has been acquired by Marlin Equity Partners, LLC	Financial Advisor
Published	01/19/2022	Clinicient, Inc.	Mergers & Acquisitions	Sell-Side		Image Image Image Image	Healthcare, Information-Driven Healthcare	Piper Sandler served as sell-side advisor for Clinicient, Inc. and its subsidiary Keet, Inc. on its sale to WebPT, a portfolio company of Warburg Pincus	Clinicient, Inc. and its subsidiary Keet, Inc. have been acquired by WebPT, a portfolio company of Warburg Pincus	Financial Advisor
Published	01/14/2022	Joule Processing, LLC	Mergers & Acquisitions	Sell-Side		Image Image	Energy, Power & Infrastructure, Renewables & Clean Energy	Piper Sandler served as sell-side advisor for Joule Processing, LLC on sale to Plug Power Inc.	Joule Processing, LLC has been acquired by Plug Power Inc.	Financial Advisor
Published	01/13/2022	SK Capital Partners	Mergers & Acquisitions	Buy-Side	$900.0 Million	Image Image Image	Chemicals	Piper Sandler served as buy-side advisor for SK Capital Partners and Heubach Partners on acquisition of the pigment business of Clariant AG	SK Capital Partners and Heubach Partners acquired the pigment business of Clariant AG	Financial Advisor
Published	01/13/2022	Mocana Corporation	Mergers & Acquisitions	Sell-Side		Image Image Image	Technology, Software	Piper Sandler served as sell-side advisor for Internet of Things (IoT) cybersecurity provider Mocana Corporation on sale to DigiCert, Inc., a portfolio company of Clearlake Capital Group, L.P.	Mocana Corporation has been acquired by DigiCert, Inc., a portfolio company of Clearlake Capital Group, L.P.	Financial Advisor
Published	01/05/2022	Qbase	Mergers & Acquisitions	Sell-Side		Image Image Image	Technology, Defense & Government	Piper Sandler served as sell-side advisor for Qbase on its sale to Tyto Athene, a portfolio company of Arlington Capital Partners	Qbase has been acquired by Tyto Athene, a portfolio company of Arlington Capital Partners	Financial Advisor
Published	01/01/2022	Chesapeake Bank of Maryland	Mergers & Acquisitions	Sell-Side	$64.4 Million	Image Image	Financial Services, Depositories	Piper Sandler served as sell-advisor for Chesapeake Bank of Maryland on sale to Rosedale Federal Savings & Loan Association	Chesapeake Bank of Maryland has been acquired by Rosedale Federal Savings & Loan Association	Financial Advisor
Published	01/01/2022	Project Daytona	Private Capital Advisory	Secondary Capital	$58.0 Million		Financial Services, Asset & Wealth Management	Piper Sandler served as sole financial advisor for the LP Portfolio Sale	LP Portfolio Sale	Secondary Advisor
Published	01/01/2022	Denmark Bancshares, Inc.	Mergers & Acquisitions	Sell-Side	$119.0 Million	Image Image	Financial Services, Depositories	Piper Sandler served as financial advisor for Denmark Bancshares, Inc. on sale to BankFirst	Denmark Bancshares, Inc. has been acquired by BankFirst	Financial Advisor
Published	01/01/2022	Radcliffe Capital Management, L.P.	Mergers & Acquisitions	Majority Stake Sale		Image Image	Financial Services, Asset & Wealth Management	Piper Sandler served as sell-side advisor for Radcliffe Capital Management on sale of a minority stake to Kudu Investment Management	Radcliffe Capital Management has sold a minority stake to Kudu Investment Management	Financial Advisor
Published	01/01/2022	O'Shares ETFs	Mergers & Acquisitions	Sell-Side		Image Image	Financial Services, Asset & Wealth Management	Piper Sandler served as financial advisor for O'Shares ETFs on a strategic transaction with SS&C ALPS Advisors	O'Shares ETFs has completed a strategic transaction with SS&C ALPS Advisors	Financial Advisor
Published	01/01/2022	The National Security Group	Mergers & Acquisitions	Sell-Side	$41.4 Million	Image	Financial Services, Insurance	Piper Sandler served as sell-side advisor for The National Security Group on sale to VR Insurance Holdings, Inc.	The National Security Group has been acquired by VR Insurance Holdings, Inc.	Financial Advisor