Sagent Advisors was an independent

investment bank Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing is ...

focused on providing financial advice on

mergers & acquisitions Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, other business organizations, or their operating units are transferred to or consolidated with another company or business organization. As an aspect ...

, sales, divestitures, and private financing solutions. The firm focused on transactions in several core industry sectors, including Aerospace, Defense & Technology, Financial Institutions, Industrial, Automotive, Retail & Consumer and Technology, Media and Telecommunications. The firm also had an active

private equity In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a ty ...

financial sponsor A financial sponsor is a private-equity investment firm, particularly a private equity firm that engages in leveraged buyout transactions. Sponsors and management In addition to bringing capital to a deal, financial sponsors are expected to bring ...

coverage business and a Japan/Asia Focus Group, which provided Cross-border M&A transactions between Japan as well as other Asian countries and North America, formed when Sagent Advisors entered into a business alliance with Daiwa Securities. Sagent Advisors was acquired by

Daiwa Securities Group is a Japanese investment bank that is the second largest securities brokerage after Nomura Securities. Major subsidiaries include ''Daiwa Securities'', which offers retail services such as online trading to individual investors and investment ...

in 2018.

Services

Mergers and acquisitions

Sagent provided buy side advisory services, sell-side advisory services, defense advisory services and corporate transactions and reorganizations.

Private financing solutions

Sagent's private financing solutions group provided customized financing solutions to privately held businesses, public companies and alternative investment firms, focusing on the following products: Equity & Equity Linked Securities, Structured Equity Securities, Mezzanine Debt Securities, Project Financing, PIPE Transactions, Synthetic Securities , Use of Proceeds- Contingent Acquisition and Bridge Financings, Corporate Spin-Outs, Growth financings, Recapitalizations, and Management Buyouts.

Japan/Asia Focus Group

Sagent's Japan/Asia Focus Group specializes in cross-border M&A transactions between Japan as well as other Asian countries and North America. The group was formed when Sagent Advisors entered into a business alliance with Daiwa Securities, the second largest securities firm in Japan and a principal provider of financial services to many of Japan's major corporations.

Industries

Sagent's bankers focus on the following industries: Aerospace, Defense Technology, Government Services; Financial Institutions ; Financial Sponsors Coverage ; Industrial: Automotive, Building Products & Construction, Capital Goods & Multi-Industry, Distribution, Metals & Mining, Oil & Gas, Paper, Plastics & Packaging, Transportation & Logistics ; Technology, Media and Telecommunications: Financial Technology, IT Services & Outsourcing, Media & Information Practice, Telecommunications.

Early history

Sagent was founded by Herald "Hal" Ritch and Joel Cohen, former co-heads of global mergers and acquisitions for

Donaldson, Lufkin & Jenrette Donaldson, Lufkin & Jenrette (DLJ) was a U.S. investment bank founded by William H. Donaldson, Richard Jenrette, and Dan Lufkin in 1959. Its businesses included securities underwriting; sales and trading; investment and merchant banking; fina ...

. In March 2009, co-founder, Joel Cohen, retired from the firm. In 2007, Sagent sold a 20% minority stake in the firm to

Daiwa Securities is a Japanese investment bank that is the second largest securities brokerage after Nomura Securities. Major subsidiaries include ''Daiwa Securities'', which offers retail services such as online trading to individual investors and investment ...

, a Japanese financial institution. In December 2013, Sagent Advisors and igc partners formed an alliance to deliver cross-border M&A advisory services in the US and Brazil. The firm, which was based at

299 Park Avenue 299 Park Avenue is an office building on Park Avenue between 48th and 49th streets in the Midtown neighborhood of Manhattan, New York City. History Designed in the International Style by Emery Roth & Sons, the building was opened in 1967. I ...

New York New York most commonly refers to: * New York City, the most populous city in the United States, located in the state of New York * New York (state), a state in the northeastern United States New York may also refer to: Film and television * '' ...

, was founded in 2004. In April 2009, Sagent opened additional domestic offices in Charlotte, San Francisco and Chicago, recruiting several industry-focused teams from leading investment banks.Sagent Hires Tech Team to Lead San Francisco Office
New York Times, April 27, 2009 The firm has since closed its San Francisco office and downsized its Charlotte office to Tysons Corner, VA.

References

External links

Sagent Advisors
(company website) {{Investment banks Daiwa Securities Group Financial services companies based in New York City American companies established in 2004 Financial services companies established in 2004 Banks established in 2004 Financial services companies disestablished in 2018 Banks disestablished in 2018 2018 mergers and acquisitions Former investment banks of the United States 2004 establishments in New York City