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-0.000454029511918346 -0.0024971623155505 -0.00363223609534628 -0.0024971623155505 0.000681044267877438 0.000681044267877438 0.000681044267877438 0.000681044267877438
Stock impact report

Key to buy UK investment banking advisory firm [Yahoo! Finance]

KeyCorp (KEY) 
Last keycorp earnings: 4/16 06:30 am Check Earnings Report
US:NYSE Investor Relations: investor.key.com
Company Research Source: Yahoo! Finance
Dive Brief: KeyCorp has agreed to acquire Clearwater Corporate Finance, a U.K.-based middle-market investment banking advisory firm, marking the Cleveland-based company's entrance into the western European market. The transaction will give U.S.-based private-equity sponsors and corporate clients access to European acquisition targets and exit strategies, and European clients access to the U.S. mergers-and-acquisitions market, $189 billion-asset Key said in a news release The deal, which awaits regulatory approval including from the U.K.'s Financial Conduct Authority, is expected to close in the second half of 2026. Terms weren't disclosed, but a Key spokesperson said Wednesday the deal is “structured as a strategic tuck-in acquisition focused on expanding Key's fee-based revenue capabilities in the Western European market. The transaction is expected to strengthen Key's competitive position serving institutional clients who operate globally.” Dive Insight: Clearwater and Ke Show less Read more
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