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Armory Group establishes mid-market investment bank

Armory Securities will advise companies on mergers and acquisitions, debt or equity financings as well as restructuring.

New York-based asset manager, Armory Group, has launched an investment bank specialising in advisory, financing and restructuring services for the mid-market, according to a statement.

Group co-founder, Eben Perison, will be chief executive officer and senior managing director and will establish the new services using his existing team. The team has moved with Perison as he has moved from Oppenheimer & Co. to The Seaport Group, before establishing Armory Group with Nicolas Tell, chief executive and portfolio manager for Armory’s asset management business.

“We are proud to not only have a diverse array of well-known middle market companies as clients, but also some of the largest financial institutions, banks and commercial lenders which invest in the middle market,” said Mr. Perison. “We have also expanded our industry verticals by adding bankers in the areas of digital media, technology and software, speciality finance and business services.”

Armory Securities' headquarters will be located in Los Angeles and will also operate in Chicago, Boston, San Francisco and New York.

The Cosine Group will operate as a division of Armory Securities, specialising in investment banking for technology, media, digital media, next generation financial services and finance companies.