Travers Smith is advising Numis Corporation Plc ('Numis') on their £410m recommended offer by Deutsche Bank AG ('Deutsche Bank'), the largest bank in Germany. The transaction was announced on 28 April and is subject to Numis shareholder approval and customary regulatory clearances.
Numis is an international investment bank listed on AIM, with leading UK capital markets, advisory and equities franchises and a growing presence beyond the UK through its offices in Ireland and the United States. Its investment banking products and services include corporate broking, equity capital markets, mergers and acquisitions advisory, debt advisory and growth capital solutions, with Numis ranked fifth by value of total equity issuance transactions in the UK market.
Commenting on the transaction, Luke Savage, Chairman of Numis said: "Together with the strengths of Deutsche Bank, we are confident the business will be even better positioned for the future, continuing to accelerate the delivery of exceptional outcomes for all stakeholders of our business."
The Travers Smith team was led by Corporate Partners Richard Spedding and Andrew Gillen, supported by Senior Associate Joe Knox, Associate Rebecca Pearson and Trainees Melinda Karva and Gloria Cuccu. The Corporate team was enhanced by Head of Incentives & Remuneration Partner Mahesh Varia supported by Senior Associate Hugo Twigg, Head of Competition Nigel Seay supported by Associate Laura Reuther, and Financial Services & Markets Partner Phil Bartram.
This transaction is just one of a number of recently announced or completed takeovers run by the Travers Smith team, including the offers for EMIS, Medica Group, Cenkos, Devro, Crestchic, Ideagen, Adept Technologies, Brewin Dolphin and Xpediator.