The FINANCIAL -- 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, according to BNP Paribas.
“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.