Raymond James to Buy Cebile in Bet on Private Equity Market

Raymond James Financial Inc. agreed to buy Cebile Capital to expand its offerings in private equity.

Cebile will become a new business unit in Raymond James’s investment-banking operation, and will be led by Cebile founder Sunaina Sinha Haldea, the buyer said Tuesday in a statement. It didn’t disclose terms of the agreement with the firm, which has headquarters in London and New York.

“The acquisition reflects Raymond James’s emphasis on growing its investment-banking business, and represents the firm’s entrance into providing capabilities such as private-fund placements and secondary-market advisory to PE firms,” Raymond James said in the statement. ...