Wall Street is making a killing on cannabis. Here are the top bankers raising money, cutting deals, and raking in millions.
Cowen is one of the few US banks that turned its attention to cannabis relatively early on. So far, taking that risk has been rewarded. The company's bankers have pulled in over $53 million in fees since 2017, Dealogic found.
A spokesperson for Cowen said the bank has earned about $100 million in fees on cannabis deals since 2017. The spokesperson declined to provide a breakdown of the fees by deal. On the equity-research side, Cowen's cannabis analyst Vivien Azer is widely cited in the media and considered a leader in the field, covering major US and Canadian cannabis stocks.
"The global industry is still early in its life cycle with tremendous growth ahead. The industry continues to benefit from a powerful combination of regulatory progress and consumer and patient adoption. Cowen's had the unique benefit of working in the dynamic industry for five years, which has allowed us to identify trends ahead of more recent participants," O'Reilly said in an emailed statement.
Stifel has carved out a lucrative niche as one of the few US banks working on cannabis deals. It's pulled in close to $53 million, just behind rival Cowen, since 2017, Dealogic found. Stifel declined to comment.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Permira mandates Goldman Sachs for up to $2 bln sale of Tricor - sourcesPrivate equity firm Permira has mandated Goldman Sachs (GS.N) to run a sale of business services company Tricor Group in a deal that could fetch up to $2 billion, three people with knowledge of the transaction told Reuters.
Consulte Mais informação »
Goldman Sachs to Buy NN Investment Partners for $1.87 BlnBy Adria Calatayud Goldman Sachs Group Inc. said Thursday that it has agreed to buy European asset manager NN Investment Partners from NN Group NV for around...
Consulte Mais informação »
Goldman Sachs to Acquire European Asset Manager for $1.9 BillionGoldman Sachs said it agreed to acquire the money-management operation of Dutch insurer NN Group for about $1.87 billion, as the need for scale in the asset-management business drives sector consolidation
Consulte Mais informação »
The 10 most expensive cars that sold at Monterey Car WeekThe top seller of the week was a 1995 McLaren F1 sold by Gooding & Co. for $20.5 million, making it the most expensive car to sell at auction since 2018.
Consulte Mais informação »
Bill Miller places a big software bet, while the bitcoin bull also adds Coinbase stakeMiller Value Partners built a $130 million stake in Splunk in the second quarter, making it one of the biggest holdings, according to a regulatory filing.
Consulte Mais informação »
Goldman’s European fund foray may be a tasterDavid Solomon’s bank bought Dutch insurer NN Group’s asset management arm for 1.6 bln euros. It gives it a boost in sustainable investing, but the real benefit looks like greater scale at a time of slow growth. On that metric, Goldman probably needs to do more deals.
Consulte Mais informação »