Stephens has a long history of working with clients to strategically position them for success in the ever changing arena of mergers and acquisitions. Since 2004, Stephens has advised clients on more than 240 merger and acquisition transactions with aggregate transaction value in excess of $100 billion. We endeavor to bring the right senior banker experience and relationships to each transaction and provide our clients with expert financial, strategic and tactical advice, whether in public or private situations; buy side or sale side; carve out, divestiture or spinoff transactions; hostile defense, special committee, fairness opinion or valuation assignments. We are focused on the middle market, but regularly execute noteworthy transactions in excess of $1 billion.
The world of M&A has always had conflicts of interest, but increasingly those conflicts have gained notoriety, often at the expense of board member reputations and shareholder pocketbooks. Stephens' reputation of being fiercely independent is supported by our private ownership, our non-lender status, and years of experience providing boards of directors and special committees unbiased advice in challenging situations, including take private transactions, change of control events, management buyouts, minority capital raises, lender or other advisor issues, hostile shareholder accusations, and cases where a party is on both sides of a transaction, among others. Since 2004, we have delivered more than 72 fairness opinions.
Sell Side Advisory
Stephens has built a strong reputation for developing a competitive marketplace for its clients looking to monetize their ownership in a full or partial sale of their business. The Stephens process is characterized by rigorous upfront due diligence, tailored positioning of the business' unique value proposition, current relationships with relevant strategic and financial buyers in the industries we cover, and efficient techniques that all contribute to maximizing value for our clients. Since 2004, we have completed over 160 sale mandates valued at $67 billion. In addition, as part of our sell side advisory practice, we have developed a core competency of evaluating and executing carve-out transactions and in coordinating with clients’ tax advisors to utilize tax efficient structures when feasible, whether through a divestiture, spinoff or exchange.
Buy Side Advisory
Clients are continually comparing organic growth initiatives with potential M&A strategies, and routinely look to supplement their standalone strategy with targeted acquisitions. Stephens' long history as a principal investor and the depth of our industry knowledge and relationships provides our bankers with a unique perspective on strategic transactions. We find opportunities that others can't uncover; we help our clients accurately assess the strategic merits of potential combinations; and we move quickly to close those transactions that survive the strategic review process. Since 2004, buy side engagements represent about half of our M&A activity, and over 30% of our closed transactions.