Piper Sandler Companies · NYSE:PIPR
Piper Sandler Companies — Merger or Acquisition (October 2021)
7 slides from Piper Sandler Companies's merger presentation, Oct 14, 2021
Slide 1: Piper Sandler to acquire Cornerstone Macro, a best-in-class macro research firm
Pl PE R SAN D) LE R INVESTOR PRESENTATION | OCTOBER 14, 2021 Piper Sandler to acquire Cornerstone Macro, a best-in-class macro research firm For more information, please contact Tim Carter, chief financial officer at 612 303-5607 or timothy.carter@psc.com Piper Sandler Companies (NYSE: PIPR) is a le
Slide 2: Cautionary notice regarding forward-looking statements
Cautionary notice regarding forward-looking statements This presentation contains forward-looking statements. Statements that are not historical or current facts, including statements about beliefs and expectations, are forward-looking statements. These forward-looking statements cover, among other
Slide 3: Cornerstone Macro: Best-in-class macro research
BEST-IN-CLASS MACRO RESEARCH Cornerstone Macro Industry-leading institutional research firm focused on economics, US and global policy, portfolio strategy, energy research, and derivatives strategy. * Thought-leading independent research with a global view * Collaborative efforts to offer insights w
Slide 4: Piper Sandler to acquire Cornerstone Macro: Acquisition Details
PIPER SANDLER TO ACQUIRE CORNERSTONE MACRO Acquisition Details TRANSACTION STRUCTURE + Piper Sandler to acquire 100% of the equity in Cornerstone Macro * Total consideration consists of upfront cash and restricted stock; transaction value not disclosed * Retentive incentives in place through restric
Slide 5: Co-Founders & Key Employees
Co-Founders & Key Employees NANCY LAZAR Founding Partner and Chief Global Economist She has been an II top ranked economist for many years, with top-2 finishes the past 9 years She was previously Co-Founder and Vice Chair of ISI group ROBERTO PERLI Founding Partner and Head of Global Policy Research
Slide 6: Strategic Rationale
ADDS THE PREEMINENT MACRO RESEARCH FIRM TO A GROWING PIPER SANDLER PLATFORM Strategic Rationale HIGHLY RANKED MACRO . . . RESEARCH Global leader that fills white space at Piper Sandler DERIVATIVES STRATEGY AND Adds a much more robust derivatives product to the Piper TRADING EXPERTISE Sandler trading
Slide 7: Growth Opportunities
COMBINATION CREATES ADDITIONAL GROWTH POSSIBILTIES Growth Opportunities DERIVATIVES Ability to cross-sell Cornerstone Macro derivatives product to existing Piper Sandler clients OFFERING ADDITIONAL EXPERTISE TO EXISTING CLIENTS OF BOTH FIRMS Many accounts of the two firms do not overlap: Large oppor
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