Gruppo Banca Leonardo has acquired the Swiss corporate finance unit of Sal Oppenheim for an undisclosed amount, Financial Times reports. Leonardo will acquire Sal Oppenheim’s team of 14 bankers, led by Ronald Sauser, who will continue as CEO of the Swiss unit.
The team will continue to offer mergers and acquisitions, equity capital markets and debt advisory and restructuring services. The Italian investment bank will spin off the asset management subsidiary, 4IP, and the real estate valuation business, as part of the deal.
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