Cowen Inc. (NASDAQ: COWN) has purchased privately-held Portico Capital Advisors, an M&A advisory firm focused on software, data and analytics sectors.
The purchase allows Portico to offer the full spectrum of Cowen’s capital markets, advisory and research capabilities to its own clients. Additionally, Cowen’s investment banking business will be accelerated as it has already grown its revenues four times over since 2017.
Portico has a team of over 20 industry professionals and offers sector expertise, sell-side focus and a history of advising blue-chip firms and private equity firms.
“It’s a tremendous opportunity for our clients and team to join forces with Cowen, a firm that always strives to be ahead of the curve, like Portico,” said Searcy Dryden, Portico managing partner.
“For two decades, the Portico team has focused on leveraging our deep sector expertise and relationships to deliver value for our clients through focus, experience, and guidance at every step of a transaction,” added Rick Northrop, Portico founder.
Perkins Advisors LLC acted as financial advisor to Cowen, and Willkie, Farr & Gallagher as legal advisor to Cowen. M. Klein & Company acted as financial advisor to Portico, and Cadwalader, Wickersham & Taft as legal advisor to Portico.