Piper Sandler, an American multinational independent investment bank and financial services company, completed the acquisition of The Valence Group, a global investment bank that offers M&A advisory services to companies and financial sponsors with deep expertise in chemicals, materials and related sectors. Financial terms were not disclosed. "The Valence Group offers tailored, differentiated and best-in-class M&A advisory services to clients across the chemicals industry. We believe there are significant opportunities to partner with The Valence Group team to increase the overall scale of the business and drive towards our goal of $1bn in annual investment banking revenue over the next several years," James Baker, Piper Sandler global co-head of investment banking.