Cowen Inc. (NasdaqGS:COWN) signed a definitive agreement to acquire Portico Capital Securities LLC from Portico Holdings LLC on November 23, 2021. Under the terms of agreement, consideration is to be comprised of 75% cash and 25% in shares of the Cowen’s Class A Common Stock. The terms of the transaction, which is not material to Cowen from a financial perspective. The Portico team will operate as a new stand-alone sector group within Cowen’s Investment Bank. Members of the Portico team will continue to lead the new sector group. The definitive agreement has been approved by Cowen’s Board of Directors and Portico’s shareholders and governing bodies. The transaction is expected to increase Cowen’s M&A advisory revenues by approximately 20% in fiscal 2022. The transaction is expected to close in the fourth quarter of 2021. Perkins Advisors LLC acted as financial advisor to Cowen, and Willkie, Farr & Gallagher as legal advisor to Cowen. M. Klein & Company acted as financial advisor to Portico, and Daniel Raglan, Joanna Valentine, Tyler Carson, Linda Swartz, Jason Schwartz, Adam Blakemore, Joseph Soltis, Catherine Richardson, Steven Lofchie, Michael Sholem, Mark Highman, Dorothy Auth, Howard Wizenfeld, Joel Mitnick, Ngoc Hulbig, Simon Walsh, Gareth Rund and Michael Anglin of Cadwalader, Wickersham & Taft as legal advisors to Portico.