NEW YORK, April 20, 2022 /PRNewswire/ — Chardan, a global investment bank, has announced its role as lead financial advisor in the sale of Neos, a smart home technology provider, from Aviva plc (AV.LN) to Sky. The sky is Europe leader in media and entertainment and part of Comcast Corporation (NASDAQ: CMCSA), a global media and technology company. The transaction will give Sky the opportunity to accelerate its connected home strategy.
“We are delighted to support the exceptional team at Neos in the sale of their business. Neos’ smart home technology fits perfectly into Sky’s capabilities to deliver best-in-class content to its customers through connected solutions,” said Alex Weillco-head of Chardan of FinTech Investment Banking.
This transaction further demonstrates Chardan’s commitment to disruptive fintech mergers and acquisitions, through its ability to provide differentiated advisory services through competitive positioning, industry insights, valuation and strategic relationships.
Richard KorhammerCo-Head of Chardan’s FinTech Investment Banking, added: “Chardan’s FinTech practice has grown significantly over the past 12 months. We have advised or led several exciting tech-focused transactions like Neos, and more recently have been active in platform trading and crypto spaces. We look forward to continued support for our corporate and PSPC customers.
Recent fintech-focused deals include: ThinkMarkets, a multi-asset, multi-geo online trading platform, $10 million growth capital fund raising where Chardan acted as lead financial advisor and the business combination between Quantum FinTech and TradeStation, an online multi-asset trading platform and self-clearing online broker, where Chardan acted as acted as co-advisor on the merger and acquisition and joint placement agent on the PIPE transaction. The transaction value of the business combination is approximately $1.34 billion. Chardan also acted as co-sponsor and sole lead underwriter of Quantum FinTech SPAC. In addition, Chardan recently acted as M&A advisor on ABRI SPAC I’s announced business combination with digital asset trading network company, Apifiny, as well as on the business combination announced by Arisz Acquisition Corp. with BitFuFu, a provider of cloud-based digital asset mining services.
Chardan is an independent global investment bank specializing in healthcare, disruptive technologies and SPACs. Our suite of services includes capital raising, M&A advisory, strategic advisory, equity research, corporate access and institutional trading. Based at New York CityChardan is a registered broker with the United States Securities and Exchange Commission and is a member of the following organizations: FINRA, SIPC, NASDAQ and NYSE Arca, Inc.
Learn more about Chardan on www.chardan.com
Margaret GaenzleProsek Partners