US bank acquires defence industry advisory firm

10 October 2019

KippsDeSanto & Co, an investment bank that advises aerospace, defence and technology companies on mergers and acquisitions (M&A) and financing, has been acquired by Capital One, a major US commercial bank.

"Capital One and KippsDeSanto have a shared goal of providing clients with trusted advice and counsel enabled by deep industry expertise and a seamless client experience," said Steve Tulip, head of capital markets at Capital One Commercial Banking. "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."

KippsDeSanto, which is based in Tysons Corner, Virginia, will become a wholly-owned subsidiary of Capital One and keep its name.

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