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FINANCIAL | Investment Banking
pipersandler.com

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Investments

44

Portfolio Exits

22

Funds

1

Partners & Customers

4

About Piper Sandler

Piper Sandler (NYSE: PIPR) is an international middle-market investment bank and institutional securities firm, serving the needs of middle-market corporations, private equity groups, public entities, nonprofit clients and institutional investors.

Piper Sandler Headquarter Location

800 Nicollet Mall Suite 800

Minneapolis, Minnesota, 55402,

United States

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing Piper Sandler

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Piper Sandler in 1 Expert Collection, including Pharma Startups.

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Pharma Startups

5,090 items

Pharmaceutical companies working across drug discovery, drug development and drug manufacturing.

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Latest Piper Sandler News

The Goldman Sachs Group’s $2.24 Billion Acquisition of GreenSky

Sep 21, 2021

Goldman Sachs & Co. LLC is serving as financial advisor and Sullivan & Cromwell LLP is serving as legal counsel to Goldman Sachs. J.P. Morgan Securities LLC and Financial Technology Partners LP are serving as financial advisors and Cravath, Swaine & Moore LLP and Troutman Pepper Hamilton Sanders LLP are serving as legal counsel to GreenSky. Piper Sandler & Co. is serving as financial advisor and Wilson Sonsini Goodrich & Rosati P.C. is serving as legal counsel to the special committee of the Board of Directors of GreenSky. The Goldman Sachs Group, Inc. and GreenSky, Inc. (NASDAQ: GSKY) have entered into a definitive agreement pursuant to which Goldman Sachs will acquire GreenSky, the largest fintech platform for home improvement consumer loan originations, in an all-stock transaction valued at approximately $2.24 billion. GreenSky’s differentiated lending capabilities and market-leading merchant and consumer ecosystem will help accelerate the efforts of Goldman Sachs to create the consumer banking platform of the future, help tens of millions of customers take control of their financial lives and drive higher, more durable returns. The acquisition will enhance Goldman Sachs’ ability to provide consumers with the opportunity to save, spend, borrow and invest, and meet customers where they transact. Since its founding, GreenSky has provided simple and transparent home improvement financing solutions for approximately four million customers. GreenSky has a growing network of over 10,000 merchants and helps them accelerate their business by incorporating a seamless financing experience into their commerce flow. Aligning GreenSky’s unique capabilities and growing user base with the expanding products of Marcus by Goldman Sachs creates a compelling banking platform positioned for significant growth. As part of the agreement, GreenSky stockholders will receive 0.03 shares of common stock of Goldman Sachs for each share of GreenSky Class A common stock. Based on the closing share price of Goldman Sachs common stock as of September 14, 2021, this represents a per share price for GreenSky Class A common stock of $12.11 and an implied transaction value of approximately $2.24 billion. In connection with the transaction, GreenSky’s tax receivable agreement was amended to provide that no payments will be made in respect of or following the transaction; these payments would have had an approximate value of $446 million or $2.41 per share. GreenSky, Inc. (NASDAQ: GSKY), headquartered in Atlanta, is a leading technology company Powering Commerce at the Point of Sale® for a growing ecosystem of merchants, consumers and banks. The Goldman Sachs Group, Inc. is a leading global financial institution that delivers a broad range of financial services across investment banking, securities, investment management and consumer banking to a large and diversified client base that includes corporations, financial institutions, governments and individuals. The Troutman Pepper team advising GreenSky was led by corporate partners Brinkley Dickerson (Picture) and Paul Fancher. Tax advice was provided by Robert Friedman, Joan Arnold, and Joel Post. Jim Earle provided benefits advice. The Wilson Sonsini team representing the special committee of GreenSky’s board of directors in the transaction includes William Chandler, Amy Simmerman, James Griffin-Stanco, and Jason Schoenberg.

Piper Sandler Investments

44 Investments

Piper Sandler has made 44 investments. Their latest investment was in Sonoma Biotherapeutics as part of their Series B on August 8, 2021.

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Piper Sandler Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/4/2021

Series B

Sonoma Biotherapeutics

$265M

Yes

8VC, Alexandria Venture Investments, Ally Bridge Group, ARCH Venture Partners, ArrowMark Partners, Avidity Partners, Casdin Capital, Deep Track Capital, Fidelity Investments, Frazier Healthcare Partners, Google Ventures, Janus Henderson Investors, JDRF T1D Fund, LifeForce Ventures, Lilly Asia Ventures, Mirae Asset Capital, NS Investment, Octagon Capital, Osage University Partners, and Vertex Ventures HC

6

7/27/2021

Series C

Artios Pharma

$153M

Yes

Andera Partners, Arix Bioscience, Avidity Partners, CaaS Capital, Deep Track Capital, Invus Group, IP Group, Life Sciences Partners, M Ventures, Novartis Venture Funds, Omega Fund Management, Pfizer Venture Investments, RTW Investments, Schroders, Sofinnova Partners, Soleus Capital Management, SV Health Investors, TCG Crossover, and Tetragon Financial Group

4

6/24/2021

Series C

Graylog

$18M

Yes

Harbert European Growth Capital, High-Tech Grunderfonds, Integr8d Capital, and Mercury Fund

4

8/14/2020

Series B

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$99M

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10

2/12/2020

Series B

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$99M

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10

Date

8/4/2021

7/27/2021

6/24/2021

8/14/2020

2/12/2020

Round

Series B

Series C

Series C

Series B

Series B

Company

Sonoma Biotherapeutics

Artios Pharma

Graylog

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Amount

$265M

$153M

$18M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

8VC, Alexandria Venture Investments, Ally Bridge Group, ARCH Venture Partners, ArrowMark Partners, Avidity Partners, Casdin Capital, Deep Track Capital, Fidelity Investments, Frazier Healthcare Partners, Google Ventures, Janus Henderson Investors, JDRF T1D Fund, LifeForce Ventures, Lilly Asia Ventures, Mirae Asset Capital, NS Investment, Octagon Capital, Osage University Partners, and Vertex Ventures HC

Andera Partners, Arix Bioscience, Avidity Partners, CaaS Capital, Deep Track Capital, Invus Group, IP Group, Life Sciences Partners, M Ventures, Novartis Venture Funds, Omega Fund Management, Pfizer Venture Investments, RTW Investments, Schroders, Sofinnova Partners, Soleus Capital Management, SV Health Investors, TCG Crossover, and Tetragon Financial Group

Harbert European Growth Capital, High-Tech Grunderfonds, Integr8d Capital, and Mercury Fund

Sources

6

4

4

10

10

Piper Sandler Portfolio Exits

22 Portfolio Exits

Piper Sandler has 22 portfolio exits. Their latest portfolio exit was Norsk Titanium on May 18, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

5/18/2021

IPO

1

10/9/2020

IPO

$991

2

10/1/2019

Acquired

1

00/00/0000

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10

00/00/0000

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10

Date

5/18/2021

10/9/2020

10/1/2019

00/00/0000

00/00/0000

Exit

IPO

IPO

Acquired

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Companies

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Valuation

$991

Acquirer

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Sources

1

2

1

10

10

Piper Sandler Acquisitions

10 Acquisitions

Piper Sandler acquired 10 companies. Their latest acquisition was TRS Advisors on December 09, 2020.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

12/9/2020

Acquired

1

2/21/2020

Acquired

4

7/9/2019

$991

Acquired

4

2/25/2019

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$991

$99M

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10

11/17/2015

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$991

$99M

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10

Date

12/9/2020

2/21/2020

7/9/2019

2/25/2019

11/17/2015

Investment Stage

Companies

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Valuation

$991

$991

$991

Total Funding

$99M

$99M

Note

Acquired

Acquired

Acquired

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Sources

1

4

4

10

10

Piper Sandler Fund History

1 Fund History

Piper Sandler has 1 fund, including Piper Jaffray Merchant Banking Fund II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

10/10/2018

Piper Jaffray Merchant Banking Fund II

$130M

2

Closing Date

10/10/2018

Fund

Piper Jaffray Merchant Banking Fund II

Fund Type

Status

Amount

$130M

Sources

2

Piper Sandler Partners & Customers

4 Partners and customers

Piper Sandler has 4 strategic partners and customers. Piper Sandler recently partnered with Clearpool Group on July 7, 2018.

Date

Type

Business Partner

Country

News Snippet

Sources

7/12/2018

Partner

Clearpool Group

United States

Clearpool Announces Multi-Year Algorithmic Management System (AMS) License Agreement with Piper...

`` We are excited to strengthen our partnership with Piper Jaffray Ltd. to a license agreement , '' said Joe Wald , CEO of Clearpool Group , Inc. .

1

2/24/2017

Partner

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10

4/5/2004

Vendor

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10

Partner

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10

Date

7/12/2018

2/24/2017

4/5/2004

Type

Partner

Partner

Vendor

Partner

Business Partner

Clearpool Group

Country

United States

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News Snippet

Clearpool Announces Multi-Year Algorithmic Management System (AMS) License Agreement with Piper...

`` We are excited to strengthen our partnership with Piper Jaffray Ltd. to a license agreement , '' said Joe Wald , CEO of Clearpool Group , Inc. .

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Sources

1

10

10

10

Piper Sandler Team

23 Team Members

Piper Sandler has 23 team members, including current Managing Director, Jeffrey Fivecoat.

Name

Work History

Title

Status

Jeffrey Fivecoat

Robert W. Baird & Co., OhioHealth, and RED Capital Group

Managing Director

Current

Mark Adler

Managing Director

Current

Jeff Baratta

Managing Director

Current

Douglas C. Cameron

Managing Director

Current

Timothy Carty

Managing Director

Current

Name

Jeffrey Fivecoat

Mark Adler

Jeff Baratta

Douglas C. Cameron

Timothy Carty

Work History

Robert W. Baird & Co., OhioHealth, and RED Capital Group

Title

Managing Director

Managing Director

Managing Director

Managing Director

Managing Director

Status

Current

Current

Current

Current

Current

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