News

Acquisition success for Liontrust Asset Management

We are delighted to announce we acted as Financial Adviser and Sole Bookrunner to Liontrust Asset Management PLC on their acquisition of Architas’ UK businesses from Axa SA.

As well as advising the company through a competitive M&A process, we also completed a £66m equity placing via Accelerated Bookbuild. The placing was heavily over-subscribed at the screen price and brought five new high-quality institutional investors onto the company’s share register. Panmure Gordon is also acting as Sponsor in relation to the Architas acquisition, an ongoing Class One transaction.

Liontrust’s share price has responded positively to news of this earnings enhancing acquisition. On the day of announcement, the company was the best performing stock in the FTSE All Share.

Commenting on the transaction, Liontrust’s Chief Executive John Ions said:

“We have been very impressed with the Panmure Gordon team, the breadth of their capabilities, strength in depth and professionalism, and have thoroughly enjoyed working with them. This was a complex deal made much easier for us with the advice and guidance of the Panmure Gordon team, and we very much look forward to working with them in the future.”

This is the latest in a series of successful transactions for Panmure Gordon, following recent fundraises completed for Young & Co Brewery, PLC, STV Group plc, Portmeirion Group Limited, Inland Homes PLC and MaxCyte, Inc.

 

Stephen Howard

Head of Financial Services

ANTOINE DUPONT-MADINIER

MD, Financial Services - Asset / Wealth Managers, Asset Servicers

Dominic Morley

Head of Corporate Advisory