Cowen Inc. said Tuesday it will pay an undisclosed sum for privately-held Portico Capital Advisors, an M&A adviser in software, data, and analytics. Cowen said it would pay 75% cash and 25% stock for Portico Capital Advisors, founded in 2000 with a team of more than 20 industry professionals in the U.S. and the U.K. Cowen said the acquisition will increase its M&A advisory revenue by about 20% in fiscal 2022, after it closes as expected in the fourth quarter. Shares of Cowen dipped 0.2% on Tuesday. The stock is up 47.6% year-to-date. By comparison, the S&P 500 is up about 24.9% year-to-date.
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