Jefferies acquires Putnam Lovell
Jefferies today bought the Putnam Lovell investment banking business from National Bank Financial Group.
Jefferies & Co. Inc. today purchased the Putnam Lovell investment banking business from National Bank Financial Group of Canada.
Putnam Lovell, based in New York, includes a team of 21 investment banking professionals whose specialties are the asset management, broker/dealer and financial technology industries.
The investment bank is Jefferies’ fifth purchase of a merger and acquisitions specialist in the last five years.
Prior buys include LongAcre Partners, a London-based M&A adviser in European media, in May and Randall & Dewey, a Houston oil and gas merger, divestiture and acquisition specialist, in February 2005.
The acquisition’s details were undisclosed.
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