Press release

Acquisition of PrimeXtend expands Panmure Gordon’s global markets offering

8 October 2018

Panmure Gordon is pleased to announce it has acquired the remaining stake in PrimeXtend Limited, (“PrimeXtend”). Terms were not disclosed.

The acquisition follows Panmure Gordon’s initial investment in PrimeXtend, a business focused on global execution and prime services. That investment in September 2016 enabled Panmure Gordon to partner with an innovative provider of execution and prime services for mid-market institutions, funds and family offices.

Large banks’ retreat from the mid-market has created exciting opportunities for Panmure Gordon to further enhance its range of services to clients. The acquisition of PrimeXtend is part of its continued investment in the capabilities and expertise needed to serve a diverse range of institutions.

Alan MacDonald, Head of Equities, said: “PrimeXtend has built a full service, integrated platform that offers clients a single entry point to global markets, including multi-product execution and a full range of prime financing solutions across asset classes. Florent Josset and Stephen McCreath, co-founders of PrimeXtend, have rapidly grown the business, utilising institutional technology, and we look forward to leveraging their expertise.”

Florent Josset and Stephen McCreath said: “Panmure Gordon has offered an excellent environment in which to grow our business to date. We are excited by the prospect of accelerating our growth by integrating more fully with Panmure Gordon and working more closely with our new colleagues at this pivotal time in their and our development.”

About Panmure Gordon

Panmure Gordon is defining what it means to be a 21st century merchant bank: providing independent advice, research, solutions and execution services to UK growth and mid-cap corporates and investment companies, underpinned by long-term client relationships.

For over 140 years the Firm has helped fast growing corporate and institutional clients achieve their ambitions. Integrity, excellence and experience are at the heart of everything Panmure Gordon does, whether in public or private markets for equity or debt.

The Firm’s well-funded growth strategy is being delivered by its highly experienced team, to create a compelling offer for current and future clients.

Panmure Gordon operates from offices in London and Leeds and has a presence in Doha. The Firm is also a registered broker-dealer in the United States.

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Media Contact

Montfort Communications Olly Scott: +44 (0)78 1234 5205 Louis Supple: +44 (0)77 3943 0102