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KPMG Corporate Finance Acquires St. Charles Capital

June 27, 2014, 07:25 AM
Filed Under: Mergers & Acquisitions

KPMG LLP's wholly owned subsidiary, KPMG Corporate Finance LLC ("KPMG CF") has acquired substantially all of the assets of St. Charles Capital, a boutique investment bank that provides M&A and capital advisory services for mid-market companies nationwide. The transaction will enhance KPMG CF's position as a leading mid-market investment bank and M&A advisor for companies in the technology, telecommunications, financial services, energy, and diversified industrials sectors.

"Demand for KPMG's Corporate Finance business continues to expand as companies increasingly look to inorganic growth to transform their operations," said Lynne Doughtie, Vice Chair for Advisory at KPMG LLP. "The addition of St. Charles Capital's experienced investment banking team complements the already highly-regarded global KPMG Corporate Finance platform while also expanding our industry presence and capabilities in key dynamic sectors."

KPMG CF gains from the acquisition:

  • Deeper technology and telecommunications coverage
  • Energy services coverage to complement existing firm capabilities
  • Deep financial services coverage 

ST. CHARLES CAPITAL gains from the acquisition:

  • Access to a global investment banking platform
  • Access to the deep resources and relationships at KPMG CF

Founded in 2005 with headquarters in Denver, St. Charles Capital's investment bankers specialize in M&A, sellside, buyside and capital advisory services. St. Charles Capital's bankers have assisted organizations with the completion of more than 200 M&A transactions valued in excess of $7.1 billion in total and raised nearly $1.4 billion in private capital.

"We are proud to join a global investment banking platform with a shared high performance culture," said Michael Franson, President of St. Charles Capital. "Access to KPMG's impressive global distribution network and full service advisory capabilities in critically important vertical markets greatly expand the value we can provide to clients and prospects."

"We are excited to have St. Charles Capital's highly respected senior industry bankers join the KPMG CF practice. Their outstanding industry experience in technology, financial services and energy sectors enhances our ability to serve key market segments," said Phil Isom, Head of KPMG Corporate Finance LLC. "Integrating St. Charles Capital's team will bolster our ability to assist mid-market organizations with capitalizing on renewed M&A optimism and appetite, and help build an added spectrum of key sector capabilities and experience."

Financial terms of the agreement will not be disclosed.

The St. Charles Capital transaction comes on the heels of KPMG LLP's recent acquisition of a majority of the assets of corporate restructuring and advisory firm BBK, a leading player in the automotive and industrial manufacturing space.

The platform of global Corporate Finance practices of KPMG International's network of independent member firms (KPMG Corporate Finance) have been ranked collectively as a top global mid-market advisor based on total deal volume announced in 2013, according to Thomson Reuters SDC.

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