Regions Financial Corp. (NYSE: RF), parent company of Regions Bank, has acquired Clearsight Advisors Inc., an M&A firm serving clients in technology, professional services, data and information services, and digital and technology enabled services sectors.
Regional intends to bring Clearsight into Regions Bank’s capital markets division in order to broaden its specialty capabilities for technology sector clients and its clients in general. Clearsight offers independent M&A advisory services to a range of clients including entrepreneurs, companies and institutional investors.
“The combination of Clearsight’s sector-specific M&A and financial advisory services, and Regions’ extensive technology sector corporate finance, lending and capital markets solutions, represents a significant opportunity to deliver value for our collective client base,” added Joel Stephens, head of capital markets for Regions Bank. “This, along with our commitment to world-class service and attention to detail, will help us deepen relationships and build new relationships in this space.”
Houlihan Lokey represented Regions in connection with the Clearsight Advisors transaction, and Moore & Van Allen PLLC served as Regions’ legal counsel. Holland & Knight LLP served as Clearsight Advisors’ legal counsel.