has been acquired by
Financial advisor to Cowen & Co.
Cowen & Company acquired by Societe Generale Group
June 30, 1998 (New York, NY) - Freeman & Co. is pleased to announce that it has advised Cowen & Co, an investment banking firm with substantial equity distribution and research capabilities, on its merge with of Societe Generale Groupe, a full-service U.S. securities and investment banking firm focused on select growth industries.
"We are delighted that our acquisition of Cowen & Company has been approved efficiently, and we are eager to realize the opportunities that SG and SG Cowen's integrated financing solutions will present to our clients," Jean Huet, Chief Executive officer of SG Americas, commented.
"While the completion of the acquisition will bolster our corporate financing division, it will also broaden our institutional and private client distribution and enhance our asset management capabilities." "Cowen's tradition of research excellence and its track record in raising equity capital for rapidly growing industries will be important strategic components of SG's international investment banking and capital markets capabilities. By integrating these resources through a focused approach to selected industries, SG will be able to provide a broad range of solutions to meet our clients' financial needs," said Curtis R. Welling, President and Chief Executive Officer of SG Cowen. Joseph M. Cohen, Chairman of SG Cowen stated, "The results of our integration efforts over the past few months have clearly demonstrated that the synergies of SG and Cowen are even greater than we anticipated. We are all excited about the opportunities the combined firm will create for our clients here in the U.S. and SG Cowen's research capabilities and investment banking expertise will also be applicable in the developing markets and emerging growth industries in Europe."