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Stifel and Leumi Partners sign investment banking collaboration agreement

Leumi Partners has signed an exclusive investment banking collaboration agreement with Stifel, Nicolaus & Company, one of North America's leading middle-market investment banks.

Stifel and LP will work together to provide investment banking services to Israel-related companies looking to raise debt or equity, on public markets or privately, as well as strategic advisory services, in North America and other regions.

Leumi Partners has identified the growing demand among middle-market companies for international expansion and capital-raising alternatives and has, therefore, joined forces with Stifel in order to enhance its offerings in the field.

"This collaboration agreement is consistent with Leumi Partners’ broader strategy of developing further business opportunities for our clients, both locally and abroad, and is another major step in expanding our international product offering and capabilities," commented Yaron Bloch, Leumi Partners’ CEO. "Stifel is well regarded across a variety of sectors, and in particular, technology and healthcare."

"These strengths are expected to not only enhance Leumi Partners’ targeted client offerings," added Prof. Danny Tsiddon, Deputy CEO of Leumi and Chairman of LP, "but will also contribute in a substantial way to Leumi’s newly established tech banking platform, LeumiTech."

"Given our core strengths in high tech, life sciences, and the growth sectors of the economy, we have always viewed Israel as an important market," added Brad Raymond, Co-Head of Investment Banking at Stifel. "The opportunity to work with one of the preeminent firms in Israel is an exciting opportunity and consistent with our strategy to be the leading full-service investment bank focused on growth and emerging companies."

Oded Tal, Managing Director and Head of Mergers & Acquisitions at LP, said today, "Stifel is considered one of the leading North American middle-market investment banks and has extensive financial advisory and capital-raising experience, having completed thousands of public offerings, M&A transactions, and private placements over the last 15 years. We are delighted to have signed this exclusive collaboration agreement after an in-depth, thorough search for such a high-quality partner, which will further strengthen our significant competitive advantage in Israel."

"We have a strong history in Israel with over 25 transactions completed in the past 10 years," said Steven Levy, Managing Director at Stifel responsible for Stifel’s efforts in Israel. "We believe that teaming up with Leumi will allow us to capitalize on the continued growth and entrepreneurial spirit in Israel and take our business to a market-leading position."