Deutsche Bank is set to acquire UK independent investment bank Numis in an all-cash deal worth £410m, as it aims to build out its UK investment banking arm.
Facts
- Deutsche Bank is acquiring Numis in an all-cash deal worth £410m.
- Numis shareholders will receive a total of 350p per share, valuing the company at approximately £410 million.
- Deutsche Bank will merge its UK and Ireland corporate finance business into Numis, creating a combined unit offering a range of services including corporate broking, strategic advisory services, access to equity and debt capital markets, and equity research, sales, and execution services.
- Numis is a UK corporate broking and advisory house providing strategic advice and capital market connectivity to 166 corporate broking clients.
- The deal is set to be completed by Q4 2023 subject to approval by Numis shareholders and regulators.
- Deutsche Bank’s head of corporate banking and investment banking, Fabrizio Campelli, believes that the acquisition has the potential to unlock “significant value” for both franchises.
- Campelli also states that the acquisition aligns with Deutsche Bank’s plans to accelerate the growth of its business in the UK and that Numis represents a compelling strategic fit.
