Capital One is to buy investment bank KippsDeSanto, which specialises in mergers and acquisitions (M&A) in the defence and aerospace markets.
The two parties did not divulge the price of the deal in a 19 August announcement, but they expect it to close in the third quarter of 2019.
KippsDeSanto will retain its name as an independent subsidiary of Capital One.
“By bringing our teams together, we’ll be able to add scale and expertise to our growing M&A advisory group, which will benefit clients in a wide variety of industries,” said Steve Tulip, head of capital markets for Capital One commercial banking.
Want to read more? For analysis on this article and access to all our insight content, please enquire about our subscription options at ihsmarkit.com/janes