Piper Sandler in talks to acquire Perella Weinberg, WSJ reports
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Piper Sandler Cos. is in talks to acquire Perella Weinberg Partners, a deal that would combine two investment banks, the Wall Street Journal reported Tuesday. Piper Sandler has a market capitalization of about $4.9 billion, while Perella Weinberg is valued at nearly $1.6 billion. Neither firm has commented on the report.
Key Facts
- Piper Sandler Cos. is in talks to purchase Perella Weinberg Partners, according to the Wall Street Journal.
- Piper Sandler has a market capitalization of about $4.9 billion.
- Perella Weinberg is valued at nearly $1.6 billion.
- Representatives for Piper Sandler and Perella Weinberg did not immediately respond to requests for comment.
Reported Talks
Piper Sandler Cos. is in talks to purchase Perella Weinberg Partners, a transaction that would forge together two investment banks, according to the Wall Street Journal. Piper Sandler could finalize a deal soon, but nothing is finalized, the newspaper reported Tuesday, citing people familiar with the matter that it didn't identify. Representatives for Piper Sandler and Perella Weinberg didn't immediately respond to requests for comment.
Market Valuations
Piper Sandler has a market capitalization of about $4.9 billion. Perella Weinberg is valued at nearly $1.6 billion.
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