Stifel Financial completed its acquisition of ACXIT Capital Partners, an independent corporate finance and financial advisory firm serving European middle-market clients and entrepreneurs. The addition of ACXIT to the Stifel platform adds about 50 investment banking professionals, located primarily in Frankfurt, Zurich and Munich.

Upon the completion of the acquisition, Johannes Lucas and Thomas Klack became co-heads of DACH (Germany, Austria and Switzerland) advisory at Stifel. ACXIT Senior Managing Partners Jens Tschauder and Tobias Warkus also joined Stifel’s DACH management board.

“Today, we are taking yet another significant step toward extending our global investment banking franchise,” Brad Raymond, global head of investment banking at Stifel, said. “We are thrilled to bring the ACXIT team to Stifel, and we look forward to extending our platform deeper into the vibrant DACH markets.”

“This is an exciting day for ACXIT, our employees and our clients,” Lucas, who was a founder and senior managing partner of ACXIT Capital Partners, said. “We have witnessed Stifel grow dramatically in recent years, and we look forward to being part of the firm’s continued expansion in continental Europe.”

“Together, we are able to provide existing and future clients with a broader range of advisory services, stronger cross-border reach and added regional market expertise,” Klack, who was a senior managing partner of ACXIT Capital Partners, said. “We also believe this is a strong cultural fit, as we share the same client-first mentality that fosters consistently successful outcomes.”