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Piper Jaffray Companies Completes Acquisition of Edgeview Partners, L.P.

PIPR | July 16, 2013

Piper Jaffray Companies (NYSE: PJC), a leading investment bank and asset management firm, today announced that it has completed its purchase of Edgeview Partners, L.P., a leading middle-market advisory firm specializing in mergers and acquisitions.

Founded in 2001 and based in Charlotte, N.C., Edgeview Partners provides merger and acquisition advisory services to middle-market clients and private equity firms across a broad range of industries including business services, transportation and logistics, industrials, healthcare, applied technology, building products and consumer sectors.

“We are pleased to complete the acquisition of Edgeview Partners, which will strengthen our middle-market M&A business and add significant resources dedicated to the private equity community,” stated Andrew Duff, chairman and CEO of Piper Jaffray.

“This transaction is the culmination of our efforts to broaden our firm's capabilities with a partner that shares our client-driven culture and execution focus,” said Ted Garner, partner at Edgeview Partners. “Joining forces with Piper Jaffray expands our product capabilities and sector expertise, as well as the geographic reach of our firm. We look forward to building on Piper Jaffray's existing strong M&A capabilities to create the leading firm in the middle market.”

Financial terms of the transaction are undisclosed.

About Piper Jaffray
Piper Jaffray is a leading investment bank and asset management firm serving clients in the U.S. and internationally. Our proven advisory teams combine deep industry, product and sector expertise with ready access to capital. Founded in 1895, the firm is headquartered in Minneapolis and has offices across the United States and in London, Zurich and Hong Kong*. www.piperjaffray.com

* License pending

Cautionary Note Regarding Forward-Looking Information
This announcement contains forward-looking statements. Statements that are not historical or current facts, including statements about beliefs and expectations, are forward-looking statements. These forward-looking statements cover, among other things, the future prospects of the Company and the growth of our M&A advisory services business. Forward-looking statements involve inherent risks and uncertainties, and important factors could cause actual results to differ materially from those anticipated, including the following: (1) the costs or difficulties relating to the combination of the businesses may be greater than expected and may adversely affect our results of operations and financial condition; (2) the expected benefits of the transaction, including revenue growth and realizable synergies for our M&A advisory services business, may take longer than anticipated to achieve and may not be achieved in their entirety or at all, and will in part depend on the ability of the Company to retain and hire key personnel and maintain relationships with its clients; (3) developments in market and economic conditions have in the past adversely affected, and may in the future adversely affect, the business and profitability of the Company; generally and its M&A advisory services business specifically; (4) other factors identified under “Risk Factors” in Part I, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2012, and updated in our subsequent reports filed with the SEC. These reports are available at www.piperjaffray.com or www.sec.gov. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update them in light of new information or future events.