Piper Jaffray Cos. is a middle-market investment bank and institutional securities firm. The company offers equity and debt capital-markets products; public finance services; mergers and acquisitions advisory services; high-yield and structured products; institutional equity and fixed income sales and trading; equity research, and asset-management services. Advising on mergers and acquisitions and raising money for corporations is a big focus. It concentrates on seven sectors: alternative energy, business services, consumer, financial institutions, health care, industrial growth and technology.
A regional firm, the Minneapolis-based Piper Jaffray has a staid, century-old lineage. A Midwestern sensibility permeates the company culture. With its liquidity and capital, Piper is expected to come through the recession as a strong competitor.