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Stifel Financial Acquires North Atlantic Capitalâs Future Venture Investment Business
February 22, 2021, 07:10 AM
Stifel Financial announced an agreement to acquire the future business of North Atlantic Capital Corporation, based in Portland, Maine. The acquisition further positions Stifel as an active manager of small business investment corporations (âSBICâ) and of venture capital (âVCâ) funds. In addition to the acquisition, Stifel has made a financial commitment to invest in the next North Atlantic SBIC. North Atlantic has been re-branded North Atlantic Capital â a Stifel Company.
The transaction brings together two very complimentary businesses. The North Atlantic investment strategy, which is focused on high growth technology companies, aligns well with Stifelâs nationally recognized expertise in institutional research and investment
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Stifel Financial Acquires North Atlantic Capital’s Future Venture Investment Business
Stifel Financial CorporationFebruary 19, 2021 GMT
ST. LOUIS and PORTLAND, Maine, Feb. 19, 2021 (GLOBE NEWSWIRE) Stifel Financial (NYSE: SF) today announced an agreement to acquire the future business of North Atlantic Capital Corporation, based in Portland, Maine. The acquisition further positions Stifel as an active manager of small business investment corporations (“SBIC”) and of venture capital (“VC”) funds. In addition to the acquisition, Stifel has made a financial commitment to invest in the next North Atlantic SBIC. North Atlantic has been re-branded North Atlantic Capital – a Stifel Company.