Piper Sandler acquires technology investment banking firm DBO Partners

Investment bank Piper Sandler Companies has wrapped up the acquisition of San Francisco-based technology investment banking firm DBO Partners for undisclosed sum.

Established in 2012, DBO Partners has carried out several complex merger and acquisitions (M&A) and capital raising transactions for its clients in software, security, engineering, semiconductors & infrastructure and emerging technology, among others.

Its general partner advisory services unit is expected to allow Piper Sandler to gain the new capability to serve its financial sponsor clients.

Piper Sandler acquires technology investment banking firm DBO Partners. Photo courtesy of Len Edgerly from Denver, USA/Wikipedia.org.

Mike Dillahunt — Piper Sandler global co-head of investment banking and capital markets said: “The combination of Piper Sandler and DBO’s technology practices significantly expands our ability to serve clients in an increasingly tech-centric world.

“We are excited to welcome our new colleagues to the firm and look forward to working with DBO’s talented team of bankers to continue to grow our technology investment banking franchise.”

Industry veterans Gordon Dean, Mark Bradley, and Nick Osborne are the founders of DBO Partners.

Following the completion of the deal, Nick Osborne has been named as co-head of technology investment banking of the company.

Sullivan & Cromwell served as an advisor to Piper Sandler in connection with the transaction, while Wachtell, Lipton, Rosen & Katz acted as legal advisor and KBW served as financial advisor to DBO Partners.