M&A
confidence high
sentiment neutral
materiality 0.60
Siebert Financial to acquire 24% of Tigress Financial Partners in equity swap
SIEBERT FINANCIAL CORP
- Siebert to purchase 24% of Tigress Financial Partners; Tigress receives 24% of WPS Prime Services and SIEB shares.
- Cynthia DiBartolo, founder/CEO of Tigress, to join Siebert management at close of transaction.
- Transaction expected to close by Q3 2021, subject to due diligence, FINRA approval, and definitive agreements.
- Financial terms not disclosed; deal builds on Siebert's legacy and diversity initiatives.
- Partnership aims to expand platform and distribution capabilities; ties to Goldman Sachs and Pershing.