Raymond James will buy boutique investment bank
December 17, 2020 - Raymond James Financial has agreed to buy Financo, a boutique investment bank focused on the consumer sector. The deal is expected to close before the end of the year. Financial terms were not disclosed. Financo, with offices in New York and London, provides investment banking services for sectors such as beauty and personal care, direct-to-consumer e-commerce, enthusiast brands, healthy living and active lifestyle, and home furnishings, a news release said. John Berg, the CEO of Financo, will lead the consumer and retail practice at Raymond James Investment Banking. Mark Goodman, who currently heads Raymond James Consumer & Retail Investment Banking, will continue working with clients and building the practice as vice chairman once the transaction is completed.