LONDON, UK: Deutsche Bank has offered to acquire Numis Corporation for a total of £410 million, in a strategic move to accelerate its Global Hausbank strategy and deepen its engagement with the corporate client segment in the UK.
The transaction is expected to establish Deutsche Bank as a leading force in UK investment banking, with a prominent position across corporate broking, strategic advisory, equity and debt capital markets, equity research, sales and execution.
The acquisition comes at a time when Deutsche Bank has been evaluating how to accelerate the growth of its business in the UK, with the UK being the largest investment banking market in Europe.
Numis, a diversified investment bank with a leading UK franchise, is believed to be a compelling strategic fit due to its long history of successfully delivering superior client service and growth.
Deutsche Bank and Numis are convinced that the transaction will unlock significant value within both the Numis and Deutsche Bank franchises.
The combination of Deutsche Bank’s existing UK and Ireland corporate finance business with Numis is expected to enable Deutsche Bank to become a leading provider to more than 170 corporate clients for their comprehensive financial and advisory needs.
Deutsche Bank believes that Numis’ corporate clients would benefit incrementally from certain services offered by Deutsche Bank, which at present Numis does not provide in-house, including its global M&A capability, debt capital markets, FX, corporate treasury, private banking services and broader balance sheet support. Similarly, a strengthened UK presence will enhance Deutsche Bank’s ability to serve UK-based clients with global reach.
Fabrizio Campelli, Head of Corporate Bank and Investment Bank at Deutsche Bank, said that the transaction is strongly aligned to the bank’s Global Hausbank strategy and has the potential to unlock significant value within both the Numis and Deutsche Bank franchises.
The combination of the two entities is expected to realise greater revenue opportunities across their shared client base and deepen their engagement with UK corporates.
There is strong and complementary cultural alignment between Deutsche Bank and Numis that will propel the combined business to deliver exceptional client service. Deutsche Bank looks forward to welcoming Numis management and employees to the Deutsche Bank Group.