Leading M&A, Capital Markets, and
SPAC Advisory Firm Hires New Senior Talent
MENLO
PARK, Calif. and NEW
YORK, Oct. 30, 2023 /PRNewswire/ -- Cohen &
Company Capital Markets ("CCM") is pleased to announce the
appointment of Gary Quin as Senior
Advisor, who will lead CCM's efforts in Europe, the Middle
East, and Africa
(EMEA).
Gary brings a wealth of expertise to CCM, including over 25
years of investment banking, operating, and investing experience.
His deep sectoral knowledge spans telecoms, media, digital
infrastructure, real estate and financial services. Gary
previously served as the CEO of North Atlantic Acquisition Corp
(NAAC), a Nasdaq-listed SPAC with a primary focus on European
acquisition opportunities. Prior to NAAC, he served as Vice
Chairman of Credit Suisse's investment banking division in
Europe, advising corporations,
governments and governmental organizations, financial sponsors and
family offices on M&A and capital raising. During his tenure at
Credit Suisse, Gary successfully raised $66
billion in both private and public markets. Concurrently, he
served as a Senior Advisor to the Blackstone Group. In the initial
stages of his career, Gary gained experience at prominent companies
like Digicel, Connolly Capital, and Blackrock Communications, as an
operator and financier.
Gary's global track record also includes leading the capital
raise for four blank check REIT IPOs with an aggregate value
greater than €1.5 billion, advising the Irish Government on its
€1.5 billion sale of Aer Lingus Group in 2015, advising on the
$25.6 billion IPO of Aramco in 2019
and leading a €1.1 billion PIPE by Wilbur
Ross, Fairfax Financial Holdings and Fidelity Investments.
Additionally, during his time as a member of Melita Limited's Board
of Directors, the company evolved from a pay-TV-centric cable
operator into one of Europe's
first fully integrated quadruple-play telecom operators.
"We are thrilled to welcome Gary to CCM. His broad expertise in
advisory and capital raising will accelerate our growth and improve
our international presence, specifically our reach in Europe, the Middle
East and Africa," said
Dan Nash, Co-founder, and Head of
Investment Banking at CCM. "I've had the pleasure of working
with Gary for many years, and I'm confident he will be a key
strategic partner to our clients."
Gary added, "I'm honored to help lead CCM's global growth
initiatives and look forward to working with their talented team to
build on the firm's strong and growing momentum."
Gary holds an MBA from Trinity College
Dublin, and an undergraduate degree from University College
Cork, Ireland. He also pursued
studies at Harvard Business School and
the University of Oxford. Apart from his professional
endeavors, Gary has a passion for rowing, as a former member of the
Irish National Rowing Team.
CCM's Leading Capital Markets Platform
The previous
year experienced increased volatility and multiple compressions in
equity markets. This year volatility continues, with similar
hurdles as interest rates rise and the market attempts to recover
from two years of historically slow new issuance
activity.
Entering the fourth quarter of 2023 and approaching the new
year, despite the fact that markets and investors are encountering
a theme of resistance marked by volatile equity performance, it is
anticipated that this resistance will gradually
normalize(1).
"We remain adaptable and resilient within the evolving financial
landscape, reinforcing the strength of our position and ability to
excel in dynamic market conditions. SPACs continue to offer a
unique value proposition during this market dislocation, allowing
flexibility to raise funds in creative ways," said Jerry Serowik, CCM's Co-founder and Head of
Capital Markets.
CCM continues to lead the market as the top DeSPAC advisor, and
with limited traditional IPO activity, has remained the most active
advisor navigating companies to the public markets over the last
twelve months.
Rank
|
Advisor
Name
|
Value
($M)
|
Market
Share
|
Total Deal
Count
|
1
|
CCM
|
$14,615
|
8.5 %
|
28
|
2
|
Citi
|
$7,384
|
4.3 %
|
18
|
3
|
Jefferies
|
$3,645
|
2.1 %
|
16
|
4
|
BofA
Securities
|
$1,831
|
1.1 %
|
15
|
5
|
Goldman
Sachs
|
$1,692
|
1.0 %
|
14
|
6
|
Barclays
|
$4,362
|
2.5 %
|
13
|
7
|
JPMorgan
|
$1,599
|
0.9 %
|
13
|
8
|
EF Hutton
|
$2,273
|
1.3 %
|
11
|
9
|
Piper
Sandler
|
$1,438
|
0.8 %
|
11
|
10
|
Guggenheim
Partners
|
$3,893
|
2.3 %
|
10
|
11
|
Stifel
|
$1,838
|
1.1 %
|
10
|
12
|
Roth Capital
Partners
|
$1,708
|
1.0 %
|
10
|
13
|
UBS
|
$2,294
|
1.3 %
|
9
|
14
|
Maxim Group
|
$1,166
|
0.7 %
|
9
|
15
|
Morgan
Stanley
|
$823
|
0.5 %
|
9
|
Total
|
$50,561
|
29.4 %
|
196
|
IPOs include all
registered US listed IPOs over $20M in market value excluding SPAC
IPOs between 10/1/2022 – 10/25/2023 and De-SPAC transactions
include all De-SPAC transactions announced or closed between
10/1/2022 – 10/25/2023 (2)
|
Additional Team Updates
As CCM continues its growth, they have further expanded their
team with the addition of the 2023 junior team and other recent
additions.
Meryl Anderson, Investment
Banking Analyst, graduated Magna Cum Laude with a BS in Finance
from The Ohio State University's
Max M. Fisher College of
Business.
Vera Xing, Investment Banking
Analyst, holds a BS in both Mathematics and Economics from the
University of Michigan, Ann
Arbor.
Lauren Raimondo, Business
Operations and Marketing Analyst, holds BA from Harvard University and graduated Summa Cum Laude
with a MS in Business Management and Entrepreneurship from
Babson College's Olin Graduate School
of Business.
Rachel Shehy, Business Operations
and Administrative Assistant, 10+ years experience, most recently
from Resilience Lab.
About Cohen & Company Capital Markets
Cohen & Company Capital Markets ("CCM"), a division of J.V.B.
Financial Group, LLC, has offices in Menlo Park, Calif. and New York City. CCM was founded in 2021 and has
established itself as an elite full-service boutique investment
banking firm with differentiated product expertise and bulge
bracket DNA. We partner with leading and emerging companies across
sectors to address strategic and financial opportunities, and
leverage a strong reputation, broad network, and superior execution
to serve our clients' interest first and always. CCM's indirect
parent is Cohen & Company Inc. (NYSE American: COHN).
Citations
(1) SPAC research, Bloomberg; Market data as of 10/3/2023
(2) SPAC Insider; Data as of 10/25/2023
Media Contact:
Lauren
Raimondo
LRaimondo@Cohencm.com
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