Bryan, Garnier & Co

What Bryan, Garnier & Co does

Bryan, Garnier & Co is a European independent investment bank founded in 1995 and headquartered in Paris, with an additional principal office in London. The firm focused on middle-market advisory in two core verticals — healthcare (including medtech and biopharma) and technology (including software and tech-enabled services) — serving corporate clients and institutional investors across Europe and, through trans-Atlantic execution capabilities, North America. Service lines spanned private buy-side and sell-side M&A, public takeovers and defense, strategic advisory, IPO advisory, rights issues, equity private placements, debt and equity capital markets, and equity research, sales and trading; pricing was transaction-based with success fees and multi-year corporate broking relationships (particularly on the UK Main Market and AIM). The firm pursued an active inorganic growth strategy, acquiring Cartagena Capital (2016), Beringer Finance (2019), Brocair Partners (2019), and NOR Capital (2023) prior to its own sale. On 2025-02-06, Stifel Financial Corp. completed the acquisition of Bryan, Garnier & Co, integrating the franchise into its European platform and reabsorbing its research and thought-leadership output into the Stifel IRIS content platform; the firm no longer operates as an independent entity.

Name

Bryan, Garnier & Co

Legal name

Bryan, Garnier & Co.

Website

https://bryangarnier.com

Company type

Private

Founded year

1995

Operating status

Acquired

Headcount range

101–250 employees

Short description

Bryan, Garnier & Co was a European middle-market investment bank specializing in healthcare and technology advisory. It provided M&A, capital markets, and equity research services to corporates and institutional investors across Europe and North America before its February 2025 acquisition by Stifel.

Ownership category

akta.pro rank

Product category

Investment Banking Services

NAICS

Investment Banking and Securities Intermediation (52315), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Services-Engineering, Accounting, Research, Management (8700), Services-Management Consulting Services (8742)

akta.pro industry

PRIMARYFSAEAGAJ

Industry-Specialist / Sector-Focused M&A Advisory

Financial & Insurance/Financial Advisory, Brokerage & Intermediation/M&A Advisory & Corporate Finance

SECONDARYBPAHAOAA

M&A Advisory (Buy-Side & Sell-Side)

Business & Public Services/Professional Services (Legal, Accounting, Consulting)/M&A, Transaction & Restructuring Advisory

SECONDARYFSAEAGAE

Corporate Finance Advisory (Strategic Finance, Capital Structure & Recaps)

Financial & Insurance/Financial Advisory, Brokerage & Intermediation/M&A Advisory & Corporate Finance

SECONDARYFSAEAGAH

Cross-Border M&A Advisory

Financial & Insurance/Financial Advisory, Brokerage & Intermediation/M&A Advisory & Corporate Finance

Keywords

• Investment banking services
• Mergers and acquisitions advisory
• Capital markets advisory
• Equity research sales
• Middle market advisory

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Investment Banking Advisory: M&A advisory, strategic advisory, and transaction execution for middle-market companies in healthcare and technology verticals. Services include private buy-side and sell-side M&A, public takeovers, IPO advisory, rights issues, and equity private placements.
2. Capital Markets: Debt and equity capital markets solutions including investment and sub-investment grade financings, and capital markets advisory.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Bryan, Garnier & Co is a European middle-market investment bank that provides M&A advisory, capital markets solutions, equity research, and sales & trading services. The firm specializes in the healthcare and technology verticals, serving dynamic mid-market companies and institutional investors across Europe with trans-Atlantic advisory capabilities connecting European companies to North American capital markets.

Product overview

Bryan, Garnier & Co was a European middle market investment bank specializing in the healthcare and technology verticals. The firm provided advisory services and was subsequently acquired by Stifel in February 2025. Post-acquisition, the firm operates as part of Stifel's European operations.

Differentiator

Problem solved

Functional benefit

Products and services

• Investment Banking Advisory Full-service investment banking advisory covering M&A (private buy-side and sell-side), public takeovers and defense, strategic advisory, investor positioning, IPOs, rights issues, and equity private placements. Serves mid-market healthcare and technology companies across Continental Europe, North America, the Middle East, and Asia.
• Capital Solutions London-based Capital Solutions Group providing full range of public and private capital markets solutions including investment and sub-investment grade financings, complex and distressed situations, debt financing structures, restructuring and liability management. Leverages Stifel's global coverage of more than 8,000 accounts from large institutions to private wealth.
• UK Corporate Broking UK corporate broking service offering retained relationships with companies listed on the Main Market and AIM, providing equity capital markets support, M&A advice, defense advisory, and debt capital markets insight. Active across Healthcare, Technology, Financials, Real Estate, Energy and Resources, and Investment Funds sectors.
• Equity Research, Sales & Trading Pan-European equity research, sales and trading product providing forward-thinking research and analysis through articles, white papers, quarterly reports, and market insights via the Stifel IRIS platform, covering mid-cap companies for institutional investors.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Recent moves6 records

Expansion highlights4 records

Direct peers

• Rothschild & Co: European-headquartered independent advisory firm with deep M&A and capital markets capabilities across mid-cap healthcare, technology, and industrials. Highly comparable business model and client base to Bryan Garnier.
• William Blair: US-based middle-market investment bank with strong healthcare and technology sector practices. Comparable vertical-specialist mid-market positioning with cross-border capability similar to Bryan Garnier's trans-Atlantic focus.
• Lazard: Global independent investment bank with strong M&A advisory franchise and significant European mid-market healthcare and technology coverage. Direct competitor for sell-side and buy-side mandates in Bryan Garnier's core verticals.
• Evercore: Independent advisory-focused investment bank with strong M&A franchise in healthcare and technology. Comparable advisory-driven model and middle-to-upper-middle market positioning.
• Jefferies: Middle-market investment bank with significant European operations and dedicated healthcare and technology coverage. Competes for many of the same cross-border mid-cap advisory mandates as Bryan Garnier.
• DC Advisory: European-headquartered mid-market M&A advisor with sector specializations overlapping Bryan Garnier's healthcare and technology verticals. Closely comparable boutique advisory model.

Regional players

• Mediobanca: Italy-headquartered independent investment bank with strong European mid-cap M&A advisory and equity research franchises. Comparable European mid-market advisory positioning with sector-agnostic but adjacent verticals.

Emerging players

• Oakley Advisory: European independent advisory boutique with focus on mid-market M&A in healthcare, technology, and consumer. Smaller scale but directly comparable boutique advisory model and vertical focus.
• Arma Partners: European independent advisory firm specializing in technology and digital media M&A. Niche player with comparable boutique focus on European tech mandates.

Broad incumbents

• Numis (Deutsche Bank): UK mid-market investment bank acquired by Deutsche Bank, with strong healthcare and technology sector coverage in UK and European mid-caps. Recently transitioned from independent to incumbent platform, mirroring Bryan Garnier's Stifel path.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/co_garnier

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bryan, Garnier & Co