1. RJF acquires majority stake in GreensLedge Holdings LLC. 2. GreensLedge specializes in structured credit and securitization. 3. The acquisition strengthens RJF's capital markets capabilities. 4. Partnership expected to drive innovation and client value. 5. Regulatory approvals needed for the deal's closure.
The acquisition enhances RJF's market position and capabilities, potentially increasing future revenues. Historical acquisitions in the financial sector often lead to positive price actions, such as RJF's past acquisitions boosting earnings.
This strategic acquisition signals growth potential for RJF and a commitment to expanding capabilities in capital markets. The strong cultural fit and expertise of GreensLedge further enhance the attractiveness of this deal.
While short-term effects may be moderate, the integration of GreensLedge should yield significant benefits over time, enhancing RJF's service offerings and client base. Similar past mergers have shown long-term gains as firms synergize operations.
Raymond James is deepening its capital markets capabilities through the acquisition of a majority stake in GreensLedge Holdings LLC, a boutique investment bank known for its leadership in structured credit and securitization. Founded in 2008, GreensLedge has built a reputation for excellence combining strategic advisory services with arranging CLOs, CDOs, Rated Feeders, CFOs, ABS and debt offerings.
The acquisition formalizes a longstanding relationship between the two firms, built on mutual respect, shared values and a commitment to client success. Raymond James will acquire a majority ownership stake, while Sumitomo Mitsui Trust Group, Inc., a trusted GreensLedge partner, will retain a minority interest. The closing of the acquisition is subject to the satisfaction of customary conditions, including regulatory approvals.
"We're excited to take this next step with the GreensLedge team," said Jim Bunn, president of Capital Markets and Advisory at Raymond James. "Their specialized expertise in structured products, paired with our robust fixed-income distribution and trading capabilities, unites best-in-class strengths, forming a compelling strategic partnership. More importantly, our cultural alignment and collaborative spirit will drive innovation and deliver meaningful value to our institutional clients."
GreensLedge is led by managing partners James "Jim" Kane, Brian Zeitlin, Lesley Goldwasser and Ken Wormser – each bringing decades of capital markets experience and a shared commitment to entrepreneurial thinking and client-focused execution.
"What distinguishes GreensLedge is its nimble, capital-light model, which allows the firm to adapt quickly to changing market conditions and focus deeply on high-engagement opportunities," said Horace Carter, president of Fixed Income at Raymond James. "Their approach and mindset are a natural fit with Raymond James' values and culture."
The partnership also opens the door to new synergies across Raymond James' broader platform, including Raymond James Investment Management, Raymond James Bank, the Private Capital Advisory, Financial Services and Real Estate investment banking teams, and the Private Client Group's ultra-high-net-worth offerings. Furthermore, Raymond James will continue to explore collaborative opportunities within capital markets to build on GreensLedge's strong existing partnership with Sumitomo Mitsui Trust Group.
"Joining forces with Raymond James is a pivotal moment for our firm," said Jim Kane. "Their expansive institutional distribution network, deep bench of expertise and client-first ethos align perfectly with our vision." Brian Zeitlin continues, "After 17 years as an independent firm, we're energized by the opportunities ahead and confident in the scale and growth we can achieve together."
"We're extremely proud of the business we have built over the years. Without our team's trust and dedication, GreensLedge wouldn't be where it is today," shared Lesley Goldwasser. "The decision to partner with Raymond James was made with our employees and clients foremost in our minds. We believe strongly in our shared vision for delivering service without compromise," said Ken Wormser.
Sullivan & Cromwell acted as legal advisor to Raymond James in connection with the transaction. Houlihan Lokey acted as financial advisor and Debevoise & Plimpton as legal advisor to GreensLedge in connection with the transaction.
About Raymond James Financial, Inc.
Raymond James Financial, Inc. (NYSE:RJF) is a leading diversified financial services company providing private client group, capital markets, asset management, banking and other services to individuals, corporations and municipalities. Total client assets are $1.69 trillion. Public since 1983, the firm is listed on the New York Stock Exchange under the symbol RJF. Additional information is available at www.raymondjames.com.
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