The Corporate Finance practice of KPMG has acquired St. Charles Capital, a boutique American investment bank that provides M&A and advisory services for mid-market companies. Financial terms of the agreement have not be disclosed.
Founded in 2005 with headquarters in Denver, St. Charles Capital specializes in M&A (sellside and buyside) and capital advisory services. Over the past year the firm has completed more than 200 M&A transactions valued in excess of $7.1 billion in total and raised nearly $1.4 billion in private capital. St. Charles Capital has approximately 30 employees and is in particular active in the segments technology, financial services and energy.
“We are excited to have the highly respected senior industry bankers of St. Charles Capital join our Corporate Finance practice. Their outstanding industry experience in technology, financial services and energy sectors enhances our ability to serve key market segments,” says Phil Isom, Head of KPMG Corporate Finance in the US. “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.”
KPMG has been on an acquisition spree of its own this year in the US. Recently it announced a deal to buy Zanett Commercial Solutions, a Cincinnati-based technology-consulting firm. In May, it announced it was acquiring restructuring advisory firm BBK and days before it bought Rothstein Kass, a New Jersey firm that caters to hedge funds and other alternative investment firms.
Globally KPMG has a team of roughly 2,600 professionals corporate finance professionals, active in 155 countries. “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,” says Michael Franson, President of St. Charles Capital.