Friday, December 17, 2021

Regions to buy tech-focused M&A advisory firm

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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