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Stifel Financial Acquires North Atlantic Capital to Strengthen Venture Capital Expertise
Monday 22 February 2021

St. Louis, US-based financial services holding company Stifel Financial (NYSE: SF) has agreed to acquire the future business of Maine-based North Atlantic Capital Corp. to leverage North Atlantic's expertise in venture capital markets to build services offering for privately held, high-growth technology businesses, the company said.

Terms of the transaction were not disclosed.

The acquisition further positions Stifel as an active manager of small business investment corporations and of venture capital 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.

The North Atlantic investment strategy, which is focussed on high growth technology companies, aligns well with Stifel's nationally recognised expertise in institutional research and investment banking services. North Atlantic portfolio companies will now have ready access to the substantial array of Stifel resources.

Stifel Financial Corp. conducts its banking, securities, and financial services business through several wholly owned subsidiaries.

North Atlantic Capital is a venture capital management company that invests in privately held, high-growth technology businesses.
Date Published: 22/02/2021