Gruppo, Levey & Co., a boutique investment bank focused on the direct marketing and specialty retail industries, has entered into a strategic alliance with Jefferies & Co. Inc., said Claire Gruppo, president of Gruppo Levey.
Jefferies & Co. is the principal operating subsidiary of Jefferies Group Inc., an investment bank and institutional securities firm in New York.
The financial terms of the deal, which will be on a fee-split basis, were not released, Gruppo said.
“As a boutique firm, we cannot access the public markets for equity or debt,” Gruppo said, from her New York office. “This expands our services for direct marketing clients to all the services that are provided for a full-service banking firm. They have access to private equity or bank financing.
Another recent pact New York-based Jefferies & Co. sought out with Quarterdeck Investment Partners LLC — a boutique investment firm specializing in the aerospace, defense, information technology, government services and space marketplaces — resulted in the acquisition of Quarterdeck.
Is acquisition in the cards for Gruppo, Levey? Not at the moment, Levey said.
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