Panmure Gordon is a long-standing client of ours, having acted as Nomad to the listed investment banking and institutional stockbroking firm for the last 9 years.
Panmure Gordon is a M&A and corporate advisory stockbroker focused on the UK small & mid-market. The company has offices in London, Leeds and Doha and acts as corporate broker or adviser to approximately 130 UK listed companies, providing sales and trading to institutional investors, produces research on a wide range of companies and makes markets in the UK.
We provided corporate finance, City Code and valuations advice in its capacity as Panmure Gordon’s Rule 3 adviser (as required under the City Code) on the sale of the group by way of a scheme of arrangement to Ellsworthy Limited, a company owned and controlled by QInvest LLC, an existing 43% shareholder in Panmure Gordon and by a wholly-owned subsidiary of a fund managed by Atlas Merchant Capital LLC and founded by former group chief executive of Barclays plc, Bob Diamond, in a deal which values the group at approximately £17.5 million
We were engaged to provide Panmure Gordon with corporate finance advice and to help maximise shareholder value. We supported Panmure Gordon throughout the transaction as the lead financial adviser, project managing the entire transaction. The advice included providing City Code and valuations advisory work to facilitate this listed company disposal.
“We appointed Grant Thornton because of our long-standing relationship and their experience in takeover code transactions. We greatly appreciate the support and guidance the Grant Thornton team gave to us throughout the process and the team worked seamlessly with advisers on both sides to a tight timetable.”
Andrew Adcock Chairman, Panmure Gordon & Co plc
