Investment banking advisory firm Fenchurch Advisory Partners is set to combine with US-based investment banking firm Broadhaven Capital Partners under an agreement that will create a specialist financial services advisory business across Europe and North America.
Founded in 2003, Fenchurch advises corporates and financial sponsors across insurance, banking, asset and wealth management, and specialty finance. The firm operates from London, New York and Paris.
Broadhaven, established in 2009, specialises in mergers and acquisitions, capital raising and strategic advisory services for financial services and financial technology companies. The firm has offices in New York and Chicago.
Broadhaven’s senior leadership team will join the combined business as partners. Gerard von Dohlen, Broadhaven’s co-founder, will also join the board of directors.
The deal is backed by Fenchurch’s strategic partner, Natixis Corporate & Investment Banking.
Following completion, the combined firm will employ more than 110 investment bankers, including 30 senior managing directors and managing directors, across offices in London, New York, Chicago and Paris.
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Malik Karim, founder and CEO of Fenchurch, said: “Together, we will strengthen several of our most important sub sector franchises and create an international advisory firm dedicated exclusively to financial services and financial technology. Building up our presence in the US has been a strategic priority for Fenchurch. Broadhaven is a rare fit, geographically, culturally and in terms of sub sector coverage, enhancing our ability to support clients in Europe and the US.”
Gerard von Dohlen, co-founder and partner of Broadhaven, added: “In Fenchurch, we have found a partner that both shares those values and a similar heritage of having founded leading financial services investment banks. Our combined firm will be the premier international advisor to the financial services sector and a platform poised for continued long-term expansion.”
