
Marlborough Partners and STJ Advisors join forces
Advisory firms Marlborough Partners and STJ Advisors have entered a partnership agreement to offer combined equity and debt advisory services to their clients.
The two firms will remain independent, with Marlborough offering debt capital markets advisory services while STJ Advisors will bring equity capital markets services to the table. Speaking to unquote", Marlborough managing partner David Parker said the two businesses agreed not to compete with each other's products, instead pitching a full-service proposition to clients.
The firms will target clients including private equity, corporates and sovereign entities. Advisory services will include multi-track exits, IPOs, equity-linked offerings, capital increases and refinancings, among others.
While the two firms' overlapping existing client base will be a first area of focus, the partnership will allow each adviser to reach new clients. It will notably allow Marlborough to extend its international reach to markets such as Africa and Asia where it was not present before the joint venture, Parker told unquote".
Founded in 2003 and based in London and Frankfurt, Marlborough offers debt advisory services, having completed 160 transactions since inception. Most recently, the firm advised General Atlantic on the £1bn buyout of Argus Media, and was also mandated by Equistone on the £55m Chartco deal.
STJ provides equity capital markets advisory to issuers and stakeholders worldwide. It has notably worked on a number of European private-equity-backed IPOs in recent months, including Lone Star's Forterra in April and Oaktree's Countryside in February.
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