Panmure Liberum has launched new debt advisory and personal capital divisions and confirmed its govt crew, after the completion of the merger between the 2 mid-sized funding banks.
The brand new enterprise models are aimed toward increasing the enlarged group’s enterprise amid a difficult interval for UK specialist brokers attributable to an absence of inventory market flotations and a lowering variety of smaller London-listed companies.
The debt advisory crew will likely be led by Dan Howlett, vice chair and head of debt advisory, and Ben Handler, managing director and head of enterprise origination.
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The unit will assist purchasers to entry swimming pools of liquidity from lending banks and debt funds for a variety of functions, together with day-to-day working capital, M&A and structured financing.
In the meantime, the personal capital division will likely be primarily based in Cambridge, supporting progressive and rising companies within the healthcare and life sciences sector to entry funding from traders.
The crew will likely be led by Freddy Crossley and Ed Rayner, who’ve expertise in funding and advising healthcare and life sciences corporations.
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As beforehand introduced, Barclays veteran Wealthy Ricci will lead Panmure Liberum as chief govt, with former Liberum boss Bidhi Bhoma as deputy chief govt.
Panmure Liberum confirmed that Dru Danford, who beforehand led Liberum’s dealmaking unit, will maintain the place of head of funding banking and Stephen Jones, Panmure’s former head of funding banking, as chair of funding banking.
“At the moment marks a significant step ahead in our ambitions to create a brand new, constructive pressure in UK funding banking,” stated Ricci. “Collectively, and with the help of Atlas Service provider Capital, we’ve got rapidly recognized and constructed new capabilities to fulfill the altering wants of our purchasers and our institutional community. Our enlarged enterprise, deep expertise pool and bold progress technique has already attracted among the sector’s main practitioners, including to our long-term prospects and the numerous market alternative. As a completely consolidated enterprise now working underneath one roof, we’re massively excited concerning the journey forward.”
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Panmure Gordon and Liberum agreed to merge in January, creating the biggest adviser to London-listed corporations.
Atlas Service provider Capital, the funding agency run by former Barclays chief Bob Diamond, purchased a majority stake in Panmure Gordon in 2018 alongside the Qatari royal household.
