Cantor Fitzgerald Investment Banking Research
Advisory Approach
Cantor Fitzgerald is a leading global financial services firm with a substantial investment banking division focused on providing comprehensive M&A advisory, capital markets, and restructuring services to corporate clients and financial sponsors. The firm operates under a philosophy of delivering institutional-quality advisory capabilities with a personalized, client-focused approach. With over 200 equity sales and trading professionals and a robust investment banking practice, Cantor serves clients across all market cycles, emphasizing long-term relationships with corporates, investors, and financial sponsors.
The firm's thesis centers on combining deep sector expertise with broad access to institutional investor networks and strategic acquirers. Their investment banking team has built particular strength in technology, healthcare, and financial services sectors, with dedicated teams of industry specialists. Cantor has made significant investments in human capital, bringing together seasoned bankers with operational experience and specialized knowledge of emerging sectors.
Technology and Enterprise Software Focus
Cantor Fitzgerald has notably expanded its technology investment banking practice, adding nine senior bankers in March 2024 to bolster advisory services to software and technology companies. The firm's technology team, led by Managing Directors including Mark Baillie (Enterprise Software Investment), has closed 69 equity transactions in 2025 alone, totaling over $64 billion in transaction value. This represents substantial deal-making capacity in the technology sector.
Stephan Segouin and Abhinav Goel were hired as Managing Directors in September 2025 specifically to strengthen the firm's technology dealmaking practice, indicating continued focus on enterprise software, SaaS, and technology infrastructure sectors. Cantor publishes proprietary software and SaaS sector research (Winter 2025 update available) and maintains specialized analysts covering the enterprise software landscape.
Healthcare Investment Banking Expansion
Cantor has built a dedicated healthcare services investment banking franchise. The firm announced significant expansion in healthcare services in 2024 with two new Managing Directors focused on the healthcare practice. David Reed previously led M&A in the healthcare sector before joining Cantor's healthcare practice. The firm's healthcare expertise extends to physician practice management groups, behavioral health platforms, and healthcare services businesses.
M&A Advisory and Restructuring Practice
Charles Edelman leads the firm's Mergers & Acquisitions and Restructuring practice. Cantor provides comprehensive M&A advisory services across deal types, including sell-side advisory, buy-side representation, recapitalizations, and restructuring advisory. The firm has advised on 44 total M&A transactions across its practices, demonstrating established advisory credibility.
Recent deal activity shows Cantor's advisory reach: the firm served as exclusive M&A advisor to Incodema3D, LLC on its sale to AFM Capital Partners in March 2026. The firm also served as buy-side M&A advisor to Welsh, Carson (a major private equity sponsor) on strategic acquisitions in July 2025. This demonstrated activity across sell-side and buy-side mandates.
Capital Markets and Advisory Capabilities
Cantor's Investment Banking division provides a full breadth of integrated services including:
- Equity Capital Markets (IPOs, follow-on offerings, private placements, PIPEs, ATM offerings)
- M&A advisory and transaction management
- Debt advisory and restructuring
- Special purpose acquisition companies (SPACs)
- Convertible note advisory
The firm's access to institutional capital is substantial, with over 7,000 institutional investor accounts accessible through its 200-person equities sales and trading team across New York, London, and Hong Kong trading hubs.
Team and Capabilities
Cantor Fitzgerald Investment Banking is led by Sage Kelly, who serves as Co-CEO of Cantor Fitzgerald & Co. and Global Head of Investment Banking. The broader team includes experienced Managing Directors and Directors across technology, healthcare, financial services, and generalist M&A practices. The firm employs bankers with deep operational backgrounds, many having served in CFO, COO, or VP roles at portfolio companies.
Regulatory and Market Standing
Cantor Fitzgerald & Co. is FINRA registered (CRD# 134, SEC# 8-201) and maintains active broker-dealer registrations. The firm is a privately-owned global financial services company with no public ownership, allowing it to take a longer-term view of client relationships.
Geographic Presence and Market Access
Headquartered in New York (110 East 59th Street), Cantor maintains international offices in London and Frankfurt, providing both US-focused and cross-border M&A transaction capabilities. The firm can access European and international buyer networks through its global infrastructure.
Transaction Statistics and Deal Activity
Cantor's transaction record shows meaningful M&A advisory volume: 44 total M&A transactions advised, with the technology practice alone closing 69 equity transactions valued at $64 billion in 2025. The firm actively advises on transactions ranging from technology platforms to healthcare services businesses. The firm participates in all deal types including traditional M&A, recapitalizations, and sponsor-backed transactions.