Daily News: July 31, 2019

Piper Jaffray Appoints Three Co-Heads of Energy Investment Banking


Simmons Energy, a division of Piper Jaffray, named Spencer Rippstein, Andrew Schroeder and Sanjiv Shah as co-heads of energy investment banking.

Fred Charlton, current chairman, managing director and head of energy investment banking, will remain as chairman and managing director.

“Spencer, Andrew and Sanjiv are each well respected, creative bankers with proven track records in energy advisory. We are looking forward to harnessing this group’s leadership, integrity and teamwork as we continue to build upon and expand the Simmons franchise,” said James Baker, global co-head of investment banking and capital markets at Piper Jaffray Companies.

Rippstein was the first employee to begin as an analyst and progress to managing director. Since he began his career with Simmons in 1999, Rippstein has completed more than 100 transactions including mergers, divestitures, restructurings and capital raises. He focuses on the midstream/downstream oil and gas sector and was promoted to the head of the group in 2019.

Schroeder, who joined Simmons in 1998, is currently a managing director focused exclusively on the energy services and equipment sector. He has completed more than 100 transactions including M&A, capital markets and restructuring assignments for a mix of public, private and private equity clients. Prior to joining the firm, Schroeder worked at Price Waterhouse.

Shah has 15 years of investment banking experience and is a managing director focused on the energy services and equipment sector. He joined Simmons in 2008 and was the second employee to begin as an analyst and progress to managing director. Prior to joining the firm, he worked for Citigroup for four years in London and Zurich, in fixed income credit markets and the financial institutions group, respectively. Shah has completed more than 100 M&A, strategic advisory and capital markets projects. Additionally, he played a key role on the majority of Energy Services & Equipment U.S. IPOs during 2016, 2017 and 2018.

Under Charlton’s leadership and following the sale to Piper Jaffray in February 2016, the Simmons investment banking team has substantially grown its footprint in M&A advisory, equity and debt capital markets, debt underwriting, equity private placements, and restructuring and special situations. In 2017 and 2018, the energy team closed 170 transactions.