LONDON, 16 December, 2010 – Panmure Gordon & Co., a leading independent institutional stockbroker and investment bank, is pleased to announce that it has acted alongside JP Morgan as joint bookrunner, underwriter and broker to RPC Group plc on its fully underwritten rights issue, raising £89m.
RPC Group intends to use the funds raised to acquire a manufacturer of injection moulded rigid plastic packaging, pending the approval of RPC Group shareholders next year.
Panmure Gordon Group Chief Executive, Tim Linacre, commented: ”We are delighted to have advised our long-standing client, RPC Group, on this fundraising. In addition to utilising our investment banking team’s M&A experience, we were able to leverage our global reach to facilitate our underwriting ability.”