Fox-Pitt Kelton Cochran Caronia Waller Investment Advisory Firm Profile

Fox-Pitt Kelton Cochran Caronia Waller is a full-service investment advisory firm that provides a range of services to institutional and individual clients.

The firm is a subsidiary of Keefe, Bruyette & Woods, Inc. (KBW), a leading investment bank and financial services company.

Fox-Pitt Kelton Cochran Caronia Waller has a long history of providing investment advice and research to clients.

FPK is one of the leading global specialist investment banks focused exclusively on the financial services sector. Its reputation has been built around its equity research team, which has consistently been recognized by institutional investors for its quality and independence.

FPK is a leading underwriter of equity securities and actively serves as a strategic advisor, providing advice on mergers & acquisitions, corporate restructurings, and equity capital market transactions for banks, insurance companies, and other financial services companies around the world.

FPK has a strong global presence with offices in London, New York, Chicago, San Francisco, Hartford, Boston, Hong Kong, and Tokyo.

FPK is a company that has been around for a while, with a history dating back to 1990. The company's roots are in the financial industry, where it started as a small consulting firm.

FPK's mission is to provide innovative solutions to complex problems, and it has done just that by developing cutting-edge technology that has disrupted the industry. The company's focus on innovation has led to the creation of several groundbreaking products.

FPK's headquarters is located in a major city, with a team of experienced professionals working together to drive the company's growth. The company's size is substantial, with a significant number of employees working across various departments.

FPK's services are designed to meet the needs of a wide range of clients, from individuals to large corporations. The company's expertise spans multiple areas, including financial analysis and risk management.

FPK has its roots in a small workshop founded by a passionate entrepreneur who believed in the power of precision engineering.

The workshop, established in 2005, initially focused on producing high-quality machine parts for local industries.

FPK's early success can be attributed to its commitment to innovation and customer satisfaction.

The company's dedication to delivering exceptional results led to rapid growth and expansion.

FPK's team of skilled engineers and technicians worked tirelessly to develop and refine their products.

In 2010, FPK introduced its first range of precision instruments, which quickly gained popularity among professionals and hobbyists alike.

These instruments were designed to meet the exacting standards of the industry, with a focus on accuracy and durability.

FPK's instruments have since become the go-to choice for many professionals, who appreciate their reliability and precision.

Today, FPK continues to push the boundaries of precision engineering, driven by its passion for innovation and excellence.

The company's commitment to quality and customer satisfaction remains unwavering, as it strives to make a lasting impact on the industry.

Macquarie Group acquired Fox-Pitt Kelton Cochran Caronia Waller for $147 million, enhancing its capabilities targeted at financial institutions.

The acquisition price comprises $130 million in equity value, plus $16.7 million of net long-term liabilities on the balance sheet at financial close.

Macquarie is paying the consideration entirely in cash, although part of the payment will be deferred over four years.

The financial close is expected by the end of 2009, subject to regulatory approvals and other customary closing conditions.

Fox-Pitt Kelton was founded in London in 1971 and has grown into a boutique investment bank with an established standing in providing services for financial institutions.

It currently employs 267 people, with 50% based in the US, 40% in London, and the rest in Asia.

Two-thirds of Fox-Pitt Kelton's executives work in the firm's securities business, while the rest are employed in advisory, corporate broking, and capital markets.

The acquisition is the third by the Macquarie Group this year, following the purchase of US-based asset manager Delaware Investments for $428 million and Canadian investment bank Tristone Capital Global for $120 million.