Raymond James buys Cebile Capital

With the addition of Cebile to the firm's investment banking division, Raymond James expects to deepen its relationships with the private equity community and expand its related service offering to include fund placements, GP-led secondaries capabilities and LP-led secondaries advisory.

Based in London and New York City, Cebile will operate as a new business unit within the investment banking division of Raymond James, and will be led by Cebile founder Sunaina Sinha Haldea.

It will continue to serve mid-market private equity houses and private capital firms, and their LPs, across the US, Europe and elsewhere around the world.

"Our similar cultures, commitment to client-first values and shared focus on the mid-market make this an ideal opportunity to add an additional service offering to our PE clients," said Paul Reilly, chair and CEO of Raymond James.

The acquisition of Cebile continues Raymond James's expansion of its investment banking capabilities. In December 2020, the firm announced the acquisition of Financo, a consumer-focused boutique investment bank with offices in London and New York.

Raymond James's investment banking unit specialises in capital formation and financial advisory. Since 2015, the division has participated in raising nearly $300bn in capital for its corporate clients and completed 925 advisory assignments, including 800 M&A buy-side or sell-side transactions.

The division is part of Raymond James Financial, a NYSE-listed financial specialist providing capital markets, asset management and banking services to individuals, corporations and municipalities.

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