Sector advisor Altium has announced it has entered into a definitive merger agreement with GCA Savvian Corporation, a global investment bank.
It said that the combination of the two companies would create “a leading independent international investment bank focused on growth companies with an extensive global network, cross-border capability and track record of industry-shaping transactions”.
GCA will operate under the names GCA Altium in Europe and GCA in the US and Asia.
GCA Savvian is a leading advisor in the key US and Japanese markets. Upon the completion of the transaction, GCA will be a leading listed global pure play advisory business focused on growth companies and the 7th largest listed M&A advisory firm in the world, with more than $185m in advisory revenues, approximately 370 staff, 300 of whom are experienced M&A bankers and growth company experts, offices in 14 locations in 10 countries around the globe, and more than 315 completed transactions over the last three years.
“We are pleased to announce our merger with Altium. By bringing together these two established companies, we are creating a new global leader in our field,” said Aki Watanabe, representative director of GCA Savvian Corporation. “This combination will increase the scale and geographic reach of the firm – positioning GCA as the pre-eminent global investment bank focused on growth companies with a particular strength in technology.”
Phil Adams, chief executive of Altium, said: “Our merger with GCA Savvian marks a key and exciting step in our growth strategy. Now, more than ever before, our clients are looking for integrated international coverage and this merger will enable us to provide the best possible service to our clients.”
The transaction is subject to regulatory approval and other customary closing conditions and is expected to close early in the second half of 2016.
