Daily News: June 1, 2016

Raymond James Acquires Mummert & Company

Raymond James Financial expanded its investment banking capabilities in Europe with the acquisition of Mummert & Company Corporate Finance, based in Munich, Germany.

Founded in 2001, Mummert & Co. is a middle market M&A advisory firm focused primarily on the technology, industrial, healthcare, consumer and business services sectors. The firm has advised on more than 140 completed transactions and has 20 professionals.

Melville D. Mummert, a managing partner of Mummert & Co., will serve as head of Raymond James’ European Advisory business.

“Establishing an advisory platform on the ground in Europe has been a very high strategic priority,” said Jim Bunn, head of Raymond James Investment Banking. “Mummert & Co. has an exceptional team, a track record of highly successful transactions and is led by senior professionals with deep experience in several industry sectors that represent a core focus for us. We’re looking forward to working with our new partners to build the foremost corporate finance business focused on the European middle market.”

The Mummert & Co. team will re-brand as Raymond James and operate as part of the existing Raymond James Corporate Finance division within Raymond James & Associates.

Including Mummert & Co., Raymond James has more than 300 M&A advisory professionals working from more than 20 offices across the U.S., Canada and Europe.