LONDON, 8 June 2009 – Panmure Gordon & Co is pleased to announce that it is acting as joint broker to education provider, BPP Holdings plc (BPP.L), in connection with a recommended offer from Apollo Global.
The offer values the entire issued and to be issued share capital of BPP Holdings at approximately £303.5 million. The offer price represents a premium of 69.9% to the closing price of 365 pence for each BPP share on 28 April 2009, the last business day prior to the date that BPP announced that it was in talks with Apollo Global.
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About the Panmure Gordon Group
Founded in 1876, Panmure Gordon & Co (PMR.L) is a leading independent mid-cap institutional stockbroker and investment bank. Encompassing its US franchise, ThinkEquity, LLC, the Group employs approximately 250 professionals across the US, the UK and Nyon, Switzerland, offering a blend of transatlantic financial services including research, sales and trading, wealth management and asset management.