Regions Financial in Birmingham, Ala., has
agreed to buy Clearsight Advisors, a McLean, Va., M&A advisory firm focused
on technology firms.
The $156 billion-asset Regions said in a press
release Friday that Clearsight also works with industries such as professional
services, data and information services and digital and technology-enabled
services.
The deal is expected to close by the end of
this year. Regions did not disclose the price it will pay.
Regions said it will incorporate Clearsight
into its capital markets division.
Regions and Clearsight “are both known for
taking a holistic, insightful view of our clients’ needs and delivering
customized solutions based on our depth of market knowledge and our passion for
delivering a superior client experience,” Joel Stephens, the bank’s head of capital
markets, said in the release.
"The combination of Clearsight’s
sector-specific M&A and financial advisory services and Regions’ extensive
technology sector corporate finance, lending and capital markets solutions,
represents a significant opportunity to deliver value for our collective client
base,” Stephens added.
Regions will maintain Clearsight’s
headquarters, as well as business offices in New York and Dallas.
Regions recently bought Sabal Capital
Partners, which focuses on the small-balance commercial real estate market, and
EnerBank USA, a home improvement lender.
Houlihan Lokey and Moore & Van Allen advised
Regions. Holland & Knight advised Clearsight.
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