BNP Paribas’ corporate
and institutional bank launches new Mergers & Acquisitions service
for Bank of the West Commercial Banking Clients primarily
NEW YORK, Nov 28 (Bernama-GLOBE NEWSWIRE) -- BNP
Paribas announces a new joint initiative between its Corporate and
Institutional Banking (CIB) and Bank of the West Commercial Banking
Group (CBG) to offer Mergers and Acquisitions (M&A) services to Bank
of the West commercial clients.
This new initiative will provide
tailored M&A advice and solutions for all clients including those
from key sectors where Bank of the West has strong industry expertise
such as technology, industrials, healthcare, beverage, food and
agribusiness.
“This BNP Paribas cross-organizational platform
will provide Bank of the West’s clients with access to the full spectrum
of M&A solutions both in the US and globally, and will ensure that
all product capabilities of the BNP Paribas Group will be offered. This
clearly illustrates the strength of our integrated and diversified
business model as it will allow the bank not only to deepen its client
relationships, but also to continue BNP Paribas’ solid and sustainable
growth in the United States,” said Lincoln Payton, CIB’s Head of
Advisory Americas.
To lead this effort, Roger Spitz has been
appointed Head of this M&A Advisory practice. In this role, Spitz
will be responsible for driving the joint initiative with Bank of the
West and for coordinating with BNP Paribas Americas and the global
M&A franchise. Spitz will maintain his role as
Technology/Media/Telecom M&A sector representative for BNP Paribas
Americas and given the importance of Bank of the West’s
technology-related services and deep relationships in Silicon Valley, he
will be critical to the success of this platform. Spitz was most
recently Head of Technology and Aerospace & Defense, Europe Middle
East Africa at BNP Paribas in London. Spitz is now based in San
Francisco and reports to Emre Gunalp, Head of North America M&A
Advisory, who is based in New York.
“While we continue to expand
our commercial banking geographic reach across the United States, our
deep industry expertise now coupled with CIB’s M&A Advisory
solutions, will provide clients with unparalleled access to specialized
and international solutions,” said Jean-Marc Torre, Head of Commercial
Banking Group, Bank of the West.
Additionally on September 5th,
this new practice closed its first deal and acted as exclusive
sell-side M&A advisor to HAVI Group in relation to the divestment of
its non-core Recycling & Waste Solutions division. This deal is a
milestone for North America as it is the first M&A transaction with a
Bank of the West client since the start of this new joint initiative.
About BNP Paribas
BNP
Paribas is a leading bank in Europe with an international reach. It has
a presence in 74 countries, with more than 192,000 employees, including
more than 146,000 in Europe. The Group has key positions in its three
main activities: Domestic Markets and International Financial Services
(whose retail-banking networks and financial services are covered by
Retail Banking & Services) and Corporate & Institutional
Banking, which serves two client franchises: corporate clients and
institutional investors. The Group helps all its clients (individuals,
community associations, entrepreneurs, SMEs, corporates and
institutional clients) to realise their projects through solutions
spanning financing, investment, savings and protection insurance. In
Europe, the Group has four domestic markets (Belgium, France, Italy and
Luxembourg) and BNP Paribas Personal Finance is the European leader in
consumer lending. BNP Paribas is rolling out its integrated
retail-banking model in Mediterranean countries, in Turkey, in Eastern
Europe and a large network in the western part of the United States. In
its Corporate & Institutional Banking and International Financial
Services activities, BNP Paribas also enjoys top positions in Europe, a
strong presence in the Americas as well as a solid and fast-growing
business in Asia-Pacific.
About Bank of the West’s Commercial Banking Group
Bank
of the West’s Commercial Banking Group (CBG) meets the rapidly changing
needs of growing middle-market businesses and large corporate segments.
CBG helps businesses achieve their unique visions by delivering smart
and comprehensive solutions that fuel sustainable growth. With
specialized sector expertise, CBG anticipates and tackles the challenges
businesses face in industries including agriculture, healthcare,
commercial real estate, religious institutions, and technology. CBG
offers clients the best of both worlds: the personalized relationships
and community ties of a local bank backed by the international
capabilities of BNP Paribas, one of the world’s strongest financial
groups.
About Bank of the West
Bank
of the West is a financial services company headquartered in San
Francisco with $89.8 billion in assets as of September 30, 2017. Founded
in 1874, Bank of the West provides a wide range of personal,
commercial, wealth management and international banking services through
more than 600 branches and offices in 23 states and digital channels.
Bank of the West is a subsidiary of BNP Paribas, a leading bank in
Europe, which has a presence in 74 countries with more than 192,000
employees. To learn more about Bank of the West, visit About Us via BankoftheWest.com.
Press Contacts
Mylene Benmoussa
mylene.benmoussa@us.bnpparibas.com
+1 212 841 3719
Anita Fox
media.relations@bankofthewest.com
+1 415-432-3696
Sarah Worsley
sarah.worlsey@bnpparibas.com
+33 1 40 14 65 14
BNP Paribas Americas on Twitter - @BNPPAmericas
SOURCE : BNP Paribas Securities Corp.
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