Stifel Financial has agreed to purchase Mooreland Partners, which offers M&A advisory services to technology companies, for an undisclosed sum.
Established in 2003, Mooreland has offices in New York, Silicon Valley, London and Frankfurt.
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The business employs around 60 people.
The firm conducted over 250 M&A and capital raising transactions, mainly in North America and Europe, across all key technology verticals since its inception.
Stifel global head of investment banking Brad Raymond said: “Through this combination, we are doubling the size of our overall technology practice and significantly enhancing our presence in Europe and Silicon Valley.”
As part of the deal, Mooreland managing partner Patrick Seely will join Stifel.
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By GlobalDataAt Stifel, Seely will serve as co-head of the Technology Investment Banking group. He will share this role with Cole Bader.
Seely noted: “Stifel’s capabilities across a wide-range of investment banking solutions will give us the opportunity to deliver a broader set of financial products to the entrepreneurs, private equity funds, and venture capital investors we have been serving in North America, Europe, Israel, and beyond.
“We see multiple synergies and believe that, together with Stifel, our combined technology practice is poised for significant growth.”
Last year, Stifel acquired Ziegler Wealth Management, the wealth management arm of B.C. Ziegler & Company.
