Deutsche Bank to Acquire UK Stockbroking Giant Numis

Posted on 04/28/2023


Deutsche Bank AG reached an agreement on the terms of a recommended all-cash offer for the acquisition of Numis Corporation Plc. Numis is a U.K. corporate broking and advisory house providing strategic advice and capital market connectivity to 166 retained corporate broking clients, including 64 clients in the FTSE 350, representing almost 20% of the index. The transaction will allow Deutsche Bank to accelerate its Global Hausbank strategy by unlocking a much deeper engagement with the corporate client segment in the U.K., enabling Deutsche Bank to become a provider to more than 170 corporate clients for their comprehensive financial and advisory needs.

Under the terms of the Transaction, Numis shareholders will be entitled to receive a total of 350 pence per share, valuing Numis at approximately £410 million. The Board of Numis intends to recommend the Transaction unanimously to Numis shareholders. Deutsche Bank has received an irrevocable undertaking from Numis’ largest shareholder to vote in favor of the Transaction.

The transaction is expected to complete during the fourth quarter of 2023, subject to certain conditions including approval by Numis shareholders and receipt of regulatory approvals.

Numis was originally formed in 1989 as a merger between Hemsley & Co. Securities and Raphael Zorn and was known by the name of RZH Ltd before rebranding as Numis in 2000. In 2016, Oliver Hemsley stood down as Numis CEO after 25 years.

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