Stifel announces acquisition of London-based ISM Capital

By Tanya Meyer

Chicago, Feb. 1 – Stifel Financial Corp. announced its wholly owned subsidiary, Stifel Nicolaus Europe Ltd., has entered into a definitive agreement to acquire ISM Capital LLP.

The acquisition will build up Stifel’s debt capital markets origination, sales and research capabilities in Europe, including an end-to-end platform for convertible securities and other equity-linked debt instruments, according to a news release.

“ISM complements Stifel’s existing European business, particularly within our fixed income platform,” said Ronald J. Kruszewski, chairman and chief executive officer of Stifel, in a news release.

“ISM is well regarded in the emerging markets and credit research areas, and will add convertible brokerage capabilities for our institutional clients.

The transaction is expected to close in April, subject to regulatory approvals and closing conditions.

Stifel Financial is a St. Louis, Mo.-based holding company and provider of investment advisory and banking, securities brokerage and trading services to individual and institutional investors. ISM Capital is a London-based full-service investment bank with a focus on international debt capital markets.

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