- Capital One recently announced it is acquiring leading Tysons Corner, Virginia-based investment banking firm KippsDeSanto & Co. These are the details behind the deal.
Capital One recently announced that it is acquiring Tysons Corner, Virginia-based KippsDeSanto & Co — which is a leading investment banking firm focused on serving growth-oriented aerospace/defense, government services, and technology companies. And KippsDeSanto has a national practice specializing in merger and acquisition advisory services.
After the acquisition is complete, KippsDeSanto will become a wholly-owned subsidiary of Capital One and continue to operate under the KippsDeSanto brand.
“Capital One and KippsDeSanto have a shared goal of providing clients with trusted advice and counsel enabled by deep industry expertise and a seamless client experience,” said Capital One’s senior managing director – head of capital markets. “By bringing our teams together, we’ll be able to add scale and expertise to our growing M&A advisory group which will benefit clients in a wide variety of industries.”
KippsDeSanto focuses on delivering exceptional M&A and financing transaction results to its clients via leveraging our scale, creativity and industry experience. And the firm helps market leaders realize their full strategic value. This acquisition is expected to be closed late in the third quarter of 2019.
“All of KippsDeSanto’s 30 professionals are excited to support Capital One’s thrust into middle-market M&A,” added KippsDeSanto co-founder and managing director Bob Kipps. “With Capital One, a top 10 U.S. Commercial Bank, we found an innovative, technology-savvy financial institution with a similar culture and business values. Moreover, we see enormous synergy and growth potential with their capital markets products, expanded private equity and corporate relationships and industry knowledge in aerospace and defense and other key verticals.”
KippsDeSanto & Co advised on more than 100 industry transactions and is recognized for its analytical rigor, market insight, and broad industry relationships.
“Joining Capital One was a natural next step in the growth plan for us at KippsDeSanto,” explained Kevin DeSanto, the co-founder and managing director of KippsDeSanto. “Beyond the M&A advice we currently offer, our clients will now have access to additional solutions offered by Capital One.”
