Duff & Phelps has acquired Chanin Capital Partners, a specialty investment bank that advises stakeholders in distressed situations. Terms of the transaction were not disclosed.
“The acquisition of Chanin Capital Partners will enable Duff & Phelps to provide an enhanced service offering with respect to companies, creditors and other stakeholders in financially distressed situations,” says Noah Gottdiener, the CEO of Duff & Phelps. “Chanin is a firm that shares our commitment to providing exceptional client service with the highest level of integrity, independence and professionalism.”
Chanin Capital Partners provides a variety of financial advisory services, including financial restructuring, merger & acquisition advisory, capital raising and fairness and solvency opinions. Founded in 1984, Chanin has principal offices in Los Angeles and New York, with additional presence in Detroit and London.
“The additional scale in these services and the nature of Chanin’s business further diversifies our service portfolio, and reinforces our commitment to protecting, recovering and maximising value for our clients,” adds Gerry Creagh, the President of Duff & Phelps.