Berkshire Global Advisors client Simmons & Company International has been acquired by Piper Jaffray

Seller Details
Simmons & Company International is a leading financial advisory firm for the energy industry with four offices worldwide and approximately 170 employees. The firm’s corporate finance group specializes in mergers and acquisitions and raising debt and equity capital across the entire spectrum of the energy industry. Its research, sales and trading team provide clients with proprietary, fundamental market analysis on domestic and global macro energy issues, and in-depth coverage of over 130 U.S and European companies. Simmons also manages two private equity funds in the United Kingdom that specialize in energy.

Buyer Details
Piper Jaffray Companies (NYSE: PJC) is an investment bank and asset management firm headquartered in Minneapolis with offices across the U.S. and in London, Zurich and Hong Kong.

Transaction Summary
Piper Jaffray Companies (NYSE: PJC), a leading investment bank and asset management firm, today announced that it has reached a definitive agreement to acquire Simmons & Company International (“Simmons”), one of the premier energy specialist investment banking firms, marking a major expansion into the energy sector with a longstanding industry leader. Piper Jaffray intends to operate the business under the Simmons brand as a Piper Jaffray company and it will continue to run its energy practice from Simmons’ Houston and Aberdeen locations. The business will be integrated into Piper Jaffray’s equities and investment banking group, with senior leaders at the firm assuming senior leadership roles with Piper Jaffray.