With the new year coming, there is increasing attention on the investment banking landscape in St. Louis. As a major financial center in the Midwest, St. Louis houses headquarters of several large corporations and banks. However, details on the investment banks in the city have remained largely unknown. This article reveals key details on the top investment banks in St. Louis in 2023.
Stifel and Edward Jones lead in M&A advisory
St. Louis based Stifel and Edward Jones are the top two investment banks leading merger and acquisition deals in the city. With sizable investment banking teams, they advise local corporations on M&A transactions as well as raise capital through equity and debt offerings. Additionally, these two banks have strong equity research teams covering various sectors.
Boutique banks gain traction in niche sectors
Apart from the large banks, St. Louis also houses several boutique investment banks that serve niche sectors. Examples include Napleton Capital Partners focusing on automotive and industrial sectors and Capital Innovators serving the startup and venture capital community. These banks leverage their specialized sector knowledge to carve a niche for themselves.
M&A activity expected to increase in 2023
According to market analysts, mergers and acquisitions activity involving St. Louis based companies is expected to grow in 2023. Key drivers include recession fears leading companies to consolidate, relatively stable local economy providing confidence and rise in private capital looking for deals. Leading investment banks Stifel and Edward Jones are gearing up to advise on more local deals.
In summary, St. Louis is home to a vibrant investment banking community led by Stifel and Edward Jones. Alongside large banks, niche boutique banks are also gaining traction. With market conditions conducive for more M&A deals in 2023, St. Louis based investment banks old and new are well positioned to capitalize.