Stifel acquires Acxit Capital Partners

Acxit, one of the leading corporate finance and M&A advisory firms in Germany, Austria and Switzerland, will strengthen Stifel’s European presence.

Stifel Financial Corp (NYSE: SF) has signed a binding agreement to acquire Acxit Capital Partners, a leading independent corporate finance and M&A advisory firm for mid-sized companies and entrepreneurs in Europe. The terms of the deal were not disclosed.

With a team of approximately 50 people, Acxit Capital Partners operates primarily from its offices in Frankfurt, Zurich and Munich. Since its inception in 1999, the firm has successfully handled nearly 500 transactions, including mergers and acquisitions, capital market transactions, financial advisory and restructurings.

Acxit focuses on high-growth companies, especially in healthcare, information technology and digital platforms. Acxit also has a strong presence in other important sectors such as manufacturing, real estate, consumer and retail.

“This acquisition allows us to expand our European footprint in strategically important European markets, including Germany,” said Rob Mann, head of European investment banking at Stifel. “Complementarity with Acxit Capital Partners allows us to significantly accelerate the growth of our investment banking business by expanding our geographic reach and regional market experience on our platform. It is also a natural next step after the merger with Mainfirst in 2019.”

Stifel now already has a significant investment banking presence in the UK and Europe, with over 180 experts in the region’s main financial centres.

“The partnership with Stifel gives our clients immediate access to international capital markets and products. By leveraging the bank’s extensive internal network of industry and industry experts around the world, we will be able to provide an even wider range of innovative products and solutions,” said Johannes H. Lukas, Founder and Senior Managing Partner of Acxit Capital Partners. “Together, we now have all the elements needed to become a significant player in the market and develop an even more significant investment banking business in continental Europe.”

“The Stifel network will add significant resources to our business and provide us with a strong international platform,” adds Thomas Klak, Senior Managing Partner at Acxit Capital Partners. “In particular, this will allow us to better reach the large, growing capital investor base that exists in the United States and provide additional opportunities for our clients through cross-border solutions.”

Following the close of the transaction, Johannes Lukas and Thomas Klak will jointly lead Stifel’s advisory activities in Germany, Austria and Switzerland as co-leads of DACH. The management team will be reinforced by current Acxit partners Jens Chowder and Tobias Varkus.

“We are very pleased with the significant growth of our European investment banking business, which is now an integral part of our global investment banking business,” said Brad Raymond, global head of investment banking at Stifel. “We are delighted to welcome the entire Acxit team to Stifel and we will now create new opportunities to leverage Stifel’s deep expertise in our strategic region of Germany, Austria and Switzerland.”