Deutsche Bank acquires Numis in £410m deal to build out UK investment banking arm
German multinational Deutsche Bank is set to acquire independent investment bank Numis in an all-cash deal as it looks to strengthen its UK investment banking arm.
Deutsche Bank acquires Numis in £410m deal
Numis shareholders are set to receive a total of 350p per share, valuing the company at approximately £410 million.
Deutsche Bank will fold its UK and Ireland corporate finance business into Numis to establish a combined unit offering corporate broking, strategic advisory services (including M&A and growth capital), 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 complete by Q4 2023 subject to approval by Numis shareholders and regulators.
Deutsche Bank head of corporate banking and investment banking Fabrizio Campelli says the deal has the potential to unlock “siginicant value” for both franchises.
Campelli adds that the bank has “been evaluating how to accelerate the growth of our business in the UK” and that Numis “represents a compelling strategic fit”.
