Stifel Europe To Acquire Germany'S Mainfirst: For Immediate Release
Stifel Europe To Acquire Germany'S Mainfirst: For Immediate Release
Stifel Europe To Acquire Germany'S Mainfirst: For Immediate Release
London, November 6, 2018 – Stifel Nicolaus Europe Limited (“Stifel Europe”), a wholly owned subsidiary of
Stifel Financial Corp. (NYSE: SF), today announced that it has agreed to combine with MainFirst, an independent
European investment bank offering equity brokerage and equity capital markets services to institutions and
corporations in key European markets. As a consequence, Stifel Europe is acquiring MainFirst Bank AG,
MainFirst Schweiz AG and MainFirst Sec. US. Terms of the transaction were not disclosed. Closing is expected in
the first quarter of 2019, pending regulatory approvals. Senior leadership from MainFirst has executed
continuation agreements.
MainFirst is widely recognized for excellence in equity research, ranking as the number one provider of country
research in both Germany and Switzerland, according to the 2018 Extel Survey. Coupled with Stifel’s existing
strength in the U.K. market, the merger creates a Pan-European platform with deep local expertise and distribution
power throughout the continent’s major markets. MainFirst carries a full German banking license, enabling Stifel
to continue offering corporate advisory, brokerage, and investment banking services and clear and settle secondary
equity and fixed income trades post-Brexit.
MainFirst also adds significant capital raising capabilities to Stifel’s already robust equity issuance business.
Through the first three quarters of 2018, Stifel ranked as the fourth largest fundraiser on the London Stock
Exchange, based on both volume (25) and value (1.8 billion pounds) of deals. MainFirst is increasingly focused on
syndicate roles, leveraging the firm’s core expertise in research and distribution.
“We are extremely pleased to partner with MainFirst, as we continue to make opportunistic investments in our
business,” said Eithne O’Leary, President of Stifel Europe. “Given the evolving European regulatory environment
and changing market dynamics, we will continue to pursue strategies that enable us to best serve current and
future clients with a wider range of products.”
“We are excited to join Stifel, and work with our new colleagues,” commented Ebrahim Attarzadeh, CEO and
Head of Equities of MainFirst. “Combined, we will be more relevant to clients in both our brokerage and
investment banking businesses.”
Keefe, Bruyette & Woods, a Stifel company, served as financial advisor to Stifel in this transaction.
About MainFirst
Founded in 2001, MainFirst is an independent European capital markets firm, specializing in equity brokerage and
research, equity capital markets and asset management. The company employs approximately 200 staff at locations
in Frankfurt, London, Luxembourg, Milan, Munich, New York, Paris und Zurich. MainFirst Equity Brokerage is
one of the leading independent, European institutional equity research and brokerage firms. The focus is on 'high
alpha' generating ideas which need not be consensual. The multi-local approach facilitates particular proximity to
both European corporates and investors.
Media Contact
Neil Shapiro, +1 (212) 271-3447
shapiron@stifel.com