September 2019

Piper Jaffray Completes Sale of Advisory Research

United States - Minnesota

Piper Jaffray Companies, a multinational investment bank and asset management firm, completed the sale of Advisory Research, Inc. through two separate transactions. Piper Jaffray sold its midstream energy business to Tortoise Capital Advisors and agreed to a management buy-out of the remaining Advisory Research business. Our firm advised Piper Jaffray in the transactions, which are expected to generate $60 million to $70 million of upfront net cash proceeds.

The sales marked Piper Jaffray’s exit from its traditional asset management business.

The Faegre Drinker Biddle & Reath LLP website uses cookies to make your browsing experience as useful as possible. In order to have the full site experience, keep cookies enabled on your web browser. By browsing our site with cookies enabled, you are agreeing to their use. Review Faegre Drinker Biddle & Reath LLP's cookies information for more details.