KeyBanc Capital Markets Closes Purchase Of Cain Brothers

News provided by

Oct 02, 2017, 04:01 ET

CLEVELAND, Oct. 2, 2017 /PRNewswire/ -- KeyBanc Capital Markets Inc., the corporate and investment banking unit of KeyCorp (NYSE: KEY), announced today that it has closed its acquisition of Cain Brothers, a pre-eminent healthcare focused investment banking and public finance firm.

The acquisition agreement was announced on August 15, 2017, and the transaction became effective today.

About Cain Brothers:
Cain Brothers is a pre-eminent investment bank focused exclusively on healthcare. A recognized leader in M&A Advisory, the firm also has extensive knowledge of financing strategies and the expertise necessary to navigate the most complex financing transactions to meet the needs of for-profit and not-for-profit healthcare organizations. Cain Brothers has 100 employees and is headquartered in New York City, NY. For more information, visit https://www.cainbrothers.com/.

About KeyBanc Capital Markets
KeyBanc Capital Markets is a leading corporate and investment bank providing capital markets and advisory solutions to dynamic companies capitalizing on opportunities in changing industries. Our deep industry expertise, broad capabilities and unique ideas are seamlessly delivered to companies across the Consumer & Retail, Diversified Industries, Healthcare, Industrial, Oil & Gas, Real Estate, Utilities, Power & Renewables, and Technology verticals. With over 800 professionals across a national platform, KeyBanc Capital Markets has more than $30 billion of capital committed to clients and an award-winning Equity Research team that provides coverage on over 700 publicly-traded companies. KeyBanc Capital Markets is a trade name under which corporate and investment banking products and services of KeyCorp and its subsidiaries, KeyBanc Capital Markets Inc., Member NYSE/FINRA/SIPC ("KBCMI"), and KeyBank National Association ("KeyBank N.A."), are marketed. Securities products and services are offered by KeyBanc Capital Markets Inc. and its licensed securities representatives, who may also be employees of KeyBank N.A. Banking products and services are offered by KeyBank N.A.

About KeyCorp
KeyCorp's roots trace back 190 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $135.8 billion at June 30, 2017. Key provides deposit, lending, cash management, insurance, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of more than 1,200 branches and more than 1,500 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications, and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank is Member FDIC.

SOURCE KeyCorp