Pava Partners takes off
Independent financial advisor for technology-driven SMEs12 partners acquire TD Cowen's Continental European investment banking business50 employees at 5 locations in Germany and Switzerland
Munich, November 1, 2023 - The current partners of Cowen Europe Group are taking over the Continental European investment banking business of TD Cowen, a division of TD Securities. They will continue the business as an independent company under the name Pava Partners. The spin-off has 12 partners and 50 employees in five offices in Germany and Switzerland.
Pava Partners focuses on entrepreneurs, investors, and companies from the technology-driven and dynamically growing SME sector. Special industry focus areas are Healthcare & MedTech, TMT, Sustainability Tech, Industrials & Robotics, Consumer & Internet, and Business Services. Historically, the Pava team has executed transactions with enterprise values between 30 and 300 million euros.
Larry Wieseneck, Co-Head of Global Investment Banking at TD Securities and Vice Chair of TD Cowen, says “As of today, TD Cowen’s Continental European investment banking business begins operating as a separate and independent legal entity, Pava Partners. We could not be more excited for our former colleagues. I want to thank everyone at Pava Partners for their commitment, expertise, and teamwork during the years that we worked together. TD Cowen and Pava will continue to work together to execute certain historical global mandates. Where appropriate, we also look forward to collaborating on new client opportunities with Pava Partners in the years ahead.”
"We see our autonomous and independent positioning in the corporate finance advisory market with a focus on M&A transactions and debt advisory as offering the best prospects for our further development," states Andreas Kinsky, Partner, and CEO. "Of course, we will continue to build on our strong and international network. Clients appreciate in us the special passion for value creation that characterizes our advisory services."
Lars Veit, Partner, continues: "We always advise our clients with at least two partners and thus bring our many years of international experience, process reliability and excellent performance to every transaction. Our team is passionate and tenacious in seeing even complex and challenging deals through to closing."
Through this acquisition, Pava Partners takes over all current client mandates of Cowen Europe Group. Therefore, these client relationships will remain in place. Certain existing global mandates will continue to be jointly executed with TD Cowen.
The Pava Partners team has been working together successfully for over 20 years. The team has closed over 400 transactions with a total value of around 8 billion Euros during this time.
About Pava Partners
Pava Partners is one of the leading corporate finance consultancies for technology-driven and dynamically growing medium-sized companies and headquartered in Munich with offices in Berlin, Frankfurt am Main, Leipzig and Zurich. 12 partners and 50 employees, a spin-off of TD Cowen, advise entrepreneurs, investors and companies on M&A transactions and financing issues. Special expertise exists in the Healthcare & MedTech, TMT, Sustainability Tech, Industrials & Robotics, Consumer & Internet, and Business Services sectors. The Pava Partners team has been working together successfully for over 20 years and has since completed over 400 transactions with a total value of around 8 billion Euros.
More information at www.pava.eu
Media Contact
Dr. Solveig Köbernick
Head of Marketing
solveig.koebernick@pava.eu
+49 341 98379 104
www.pava.eu
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