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15 November 2018
New Corporate Client – Eland Oil & Gas
Peel Hunt has been appointed as NOMAD and joint Corporate Broker to Eland Oil & Gas PLC , effective 15th November, 2018.
2 November 2018
New Corporate Client – RHI Magnesita N.V.
Peel Hunt has been appointed as joint Corporate Broker to RHI Magnesita N.V, effective 2nd November, 2018.
12 October 2018
£175m Initial Placing, Placing, Open Offer, Offer for Subscription & Intermediaries Offer – LXi REIT
Peel Hunt acted as sole Sponsor, sole Corporate Broker, joint book runner and sole Intermediaries Offer Adviser to LXi REIT on its issue of a total of 155,433,165 new ordinary shares at an issue price of 112.75p per New ordinary share to raise c. £175m (gross), as announced 12th October, 2018.
12 October 2018
New Corporate Client – Greene King plc
Peel Hunt has been appointed as joint corporate broker to Greene King plc, effective 12th October, 2018.
5 October 2018
Best Investment Trust Research Winners
Congratulations to our Investment trusts team who have won Best Investment Trust Research for a third year in a row at the Investment Research Awards To view the full list of winners - please click here
4 October 2018
New Corporate Client – Nostrum Oil & Gas
Peel Hunt has been appointed as joint corporate broker to Nostrum Oil & Gas PLC, effective 4th October, 2018.
2 October 2018
New Corporate Client – Augmentum Fintech
Peel Hunt has been appointed as joint corporate broker to Augmentum Fintech plc, effective 2nd October, 2018.
2 October 2018
New Corporate Client – Renold
Peel Hunt has been appointed as sole corporate broker to Renold plc, effective 2nd October, 2018.
1 October 2018
Non-Executive Director Awards - Call for Nominations
Nominations for the 2019 Non-Executive Director Awards are now open.
To submit a nomination please visit https://www.nedawards.co.uk/nominate
Categories include FTSE 100, FTSE All Share, FTSE AIM, Not-for-Profit.
27 September 2018
Accelerated Book Build Placing of Secondary Shares – Games Workshop Group PLC
Peel Hunt acted as sole bookrunner on an accelerated book build placing of 556,301 ordinary shares in Games Workshop Group PLC, representing approximately 1.7% of the Company, on behalf of ex-Chairman Tom Kirby, at a price of £36.50 per Placing Share. The total value of the sale was approximately £20m and the transaction was announced as completed on 27th September 2018.
26 September 2018
New Corporate Client – The Gym Group
Peel Hunt has been appointed joint corporate broker to The Gym Group plc, effective 26th September, 2018.
21 September 2018
Accelerated Book Build Placing of Secondary Shares – Boku, Inc.
Peel Hunt acted as sole bookrunner on an accelerated book build placing of 25,000,000 ordinary shares in Boku, Inc., representing approximately 11% of the Company, on behalf of certain venture capital and other shareholders in the Company, at a price of 160 pence per Placing Share. The total value of the sale was approximately £40m and the transaction was announced as completed on 21st September 2018.
18 September 2018
Recommended Cash Offer– Sinclair Pharma
Peel Hunt is acting as Joint Rule 3 Adviser, NOMAD and Joint Corporate Broker to Sinclair Pharma PLC on its recommended Cash Offer (effected by means of a Court-sanctioned Scheme of Arrangement) from Huadong Medicine Aesthetics Investment (HongKong) Limited (a wholly owned subsidiary of Huadong Medicine Co., Ltd) of 32 pence in cash for each Sinclair Pharma ordinary share (valuing the entire issued and to be issued ordinary share capital of Sinclair Pharma at c.£167m) as announced on 18th September, 2018.
13 September 2018
£24m Accelerated Book Build Placing – Tarsus Group plc
Peel Hunt acted as joint bookrunner on an accelerated book build placing of 8,888,889 new ordinary shares in Tarsus Group plc at a price of 270 pence per Placing Share raising gross proceeds of c. £24 million, as announced on 13th September, 2018.
12 September 2018
Accelerated Book Build Placing of Secondary Shares – TI Fluid Systems plc
Peel Hunt acted as joint bookrunner on an accelerated book build placing of 60,000,000 ordinary shares in TI Fluid Systems plc, representing c.11.5 % of the Company, on behalf of BC Omega Holdco Ltd (an entity indirectly controlled by Bain Capital) at a price of 262 pence per share, as announced on 12th September, 2018. Total value of the sale was approximately £157m.
7 September 2018
New Corporate Client – Circassia Pharmaceuticals
Peel Hunt has been appointed joint corporate broker to Circassia Pharmaceuticals plc, effective 7th September, 2018.
29 August 2018
New Corporate Client – Kier Group
Peel Hunt has been appointed joint corporate broker to Kier Group plc, effective 29th August, 2018.
17 August 2018
New Corporate Client – Sensyne Health
Peel Hunt has been appointed as NOMAD and sole Corporate Broker to Sensyne Health plc on its IPO (AiM Admission) effective 17th August, 2018.
17 August 2018
New Corporate Client – AA
Peel Hunt has been appointed as joint corporate broker to AA plc, as announced on 17th August, 2018.
16 August 2018
Recommended Cash Offer– Abzena
Peel Hunt is acting as Financial Adviser to Astro Bidco Limited (wholly owned by the WCAS Fund) on its recommended Cash Offer (effected by means of a Court-sanctioned Scheme of Arrangement) for Abzena plc of 16 pence in cash for each Abzena plc share (valuing the entire issued and to be issued share capital of Abzena plc at c.£34.4m) as announced on 16th August, 2018.
13 August 2018
IPO (c.£60m fund raise) – Sensyne Health
Peel Hunt acted as NOMAD and sole Corporate Broker to Sensyne Health plc on its AiM IPO (admission expected 17th August, 2018) having raised gross proceeds of c.£60m as announced on 13th August, 2018.
1 August 2018
£50m 4.5% Sterling Bonds – Regional REIT
Peel Hunt is acting as sole Lead Manager to Regional REIT Limited on its issue of £50m 4.5% sterling bonds due 2024 which will be issued on 6th August, 2018, as announced on 1st August, 2018.
25 July 2018
New Corporate Client – Independent Oil & Gas
Peel Hunt has been appointed joint Corporate Broker to Independent Oil & Gas plc, as announced on 25th July, 2018.
18 July 2018
Proposed Sterling Bond Issue – Regional REIT
Peel Hunt is acting as sole Lead Manager to Regional REIT Limited on its proposed issue of 4.5% sterling bonds due 2024 as announced on 18th July, 2018.
6 July 2018
New Corporate Client – Ashoka India Equity Investment Trust
Peel Hunt has been appointed Financial Adviser and Corporate Broker to Ashoka India Equity Investment Trust plc on Admission (IPO) effective 6th July, 2018.
4 July 2018
IPO (c.£45.6m fund raise) – Ashoka India Equity Investment Trust
Peel Hunt acted as sole Sponsor, sole bookrunner, sole Corporate Broker, Placing Agent and Intermediaries Offer Advisor to Ashoka India Equity Investment Trust plc on its IPO (admission 6th July, 2018) having raised gross proceeds of c.£45.6m as announced on 4th July, 2018.
29 June 2018
Placing and Open Offer – Management Consulting Group
Peel Hunt is acting as Sponsor, Financial Adviser and Corporate Broker to Management Consulting Group PLC on its c. £10 m (gross) Placing and Open Offer of 1,000,050,372 New Ordinary Shares at an issue price of 1 p per New Ordinary Share, as announced on 29th June, 2018.
14 June 2018
£60m Accelerated Book Build Placing – Rathbone Brothers
Peel Hunt acted as joint bookrunner on an accelerated book build placing of 2,400,000 new ordinary shares in Rathbone Brothers plc at a price of 2,500 pence per Placing Share raising gross proceeds of c.£60 million, as announced on 14th June, 2018.
12 June 2018
IPO – Ashoka India Equity Investment Trust
Peel Hunt is acting as sole Sponsor, Corporate Broker, Placing Agent and Intermediaries Offer Advisor to Ashoka India Equity Investment Trust plc on its proposed IPO (target issue of up to £100 million) via the issue of new ordinary shares via a Placing, Offer for Subscription and Intermediaries Offer, as announced on 12th June, 2018.
5 June 2018
£50m 4.5% Bonds due 2026 – Belong Limited
Peel Hunt acted as sole Lead Manager to Belong Limited on its £50m 4.5% Bonds due 2026 (issued through Retail Charity Bonds plc, the issuing platform that enables UK charities to issue retail eligible bonds), as announced on 31st May, 2018.
23 May 2018
£70m Accelerated Book Build Placing – Dairy Crest Group
Peel Hunt acted as joint bookrunner on an accelerated book build placing of 14,107,224 new ordinary shares in Dairy Crest Group plc at a price of 495 pence per Placing Share raising gross proceeds of c. £70 million, as announced on 23rd May, 2018.
23 May 2018
£200m 4.5% Bond due 2043 – Aster Treasury
Peel Hunt is acting as sole bookrunner to Aster Treasury on its £200,000,000 4.5 per cent Guaranteed Secured Bond due 2043 (to be consolidated and form a single series with the £250,000,000 4.5 per cent Guaranteed Secured Bonds due 2043), as announced on 21st May, 2018.
18 May 2018
£65.1m Placing and Open Offer - Carpetright
Peel Hunt is acting as Sponsor, joint Bookrunner, joint Broker and joint Underwriter to Carpetright plc on its £65.1 m (gross) Placing and Open Offer of 232,463,221 New Ordinary Shares at an issue price of 28 pence per New Ordinary Share, as announced on 18th May, 2018.
18 May 2018
New Corporate Client – Ten Lifestyle Group
Peel Hunt has been appointed joint Corporate Broker to Ten Lifestyle Group plc, as announced on 18th May, 2018.
To view more details please click here
17 May 2018
Accelerated Book Build Placing – Motif Bio
Peel Hunt acted as NOMAD and sole bookrunner on an accelerated book build placing of 32,258,064 new Ordinary shares in Motif Bio plc at a price of 31 pence per Placing Share raising gross proceeds of US$10 million, as announced on 17th May, 2018.
16 May 2018
New Corporate Client – Petropavlovsk
Peel Hunt has been appointed joint Corporate Broker to Petropavlovsk PLC, as announced on 16th May, 2018.
To view more details please click here
1 May 2018
New Corporate Client – Gear4music (Holdings)
Peel Hunt has been appointed as joint Corporate Broker and joint Financial Adviser to Gear4music (Holdings) plc, as announced on 1st May, 2018.
To view more details please click here
26 April 2018
Accelerated Book Build £20m Placing of Secondary Shares – Curtis Banks Group
Peel Hunt acted as sole Bookrunner on an accelerated book build placing of 7,136,481 Ordinary shares in Curtis Banks Group PLC (representing c.13 % of the Company) on behalf of Chris Banks (5,865,601 Ordinary shares), Rupert Curtis (CEO – 977,600 Ordinary shares), and Paul Tarran (CFO - 293,280 Ordinary shares) at a price of 280.25 pence per share, as announced on 26th April, 2018.
26 April 2018
Accelerated Book Build Placing of Secondary Shares – Ten Entertainment Group
Peel Hunt acted as joint Bookrunner on an accelerated book build placing of 9,719,669 ordinary shares in Ten Entertainment Group plc (“TEG”) (representing c.15 % of the Company) on behalf of Harwood Capital LLP (and certain of its associates – 8,921,834 ordinary shares), Nick Basing (Chairman of TEG – 450,000 Ordinary shares), Alan Hand (CEO of TEG – 217,037 Ordinary shares) and Graham Blackwell (CCO of TEG – 130,798 Ordinary shares) at a price of 240 pence per share, as announced on 26th April, 2018.
25 April 2018
Proposed Sterling Bond Issue – Belong Limited
Peel Hunt is acting as sole Lead Manager to Belong Limited on a proposed issue of sterling bonds, to be issued subject to market conditions (and issued through Retail Charity Bonds plc, the issuing platform that enables UK charities to raise debt finance through bonds issued to retail and wholesale investors and listed on the London Stock Exchange), as announced on 25 April, 2018.
19 April 2018
New Corporate Client – IntegraFin Holdings
Peel Hunt has been appointed Corporate Broker to IntegraFin Holdings plc, effective from 19th April, 2018.
18 April 2018
£115m Capital Raise – Primary Health Properties
Peel Hunt acted as joint broker and joint bookrunner to Primary Health Properties PLC on its £115m fund raise (upsized from initial fundraising target of £100m) via a Firm Placing and Placing, Open Offer and Offer for Subscription, as announced on 18th April, 2018.
16 April 2018
Successful Placing of Rights Issue Rump – Galliford Try
Peel Hunt acted as joint bookrunner to Galliford Try plc in the successful placing of 2,356,130 New ordinary shares (representing the rump of the recent rights issue) at a price of 860 pence per New Ordinary Shares, as announced on 16th April, 2018.
12 April 2018
CVA Proposal and £60m Equity Capital Raise – Carpetright
Peel Hunt is acting as Sponsor and Joint Broker to Carpetright plc on its proposal Company Voluntary Arrangement (“CVA”) and a proposed equity capital raise of c. £60m (expected to be by way of a Placing and Open Offer, due May 2018), as announced on 12th April, 2018.
29 March 2018
Accelerated Book Build Placing – Serabi Gold
Peel Hunt acted as sole bookrunner on an accelerated book build placing of 176,678,445 new Ordinary shares in Serabi Gold plc at a price of 3.6 pence per Placing Share raising gross proceeds of US$9 million, as announced on 29th March, 2018.
27 March 2018
1 for 3 fully underwritten £157.6m Rights Issue – Galliford Try
Peel Hunt is acting as Joint Sponsor, Joint Global Co-ordinator, Joint Bookrunner, Joint Underwriter and Joint Corporate Broker to Galliford Try Plc on its 1 for 3 fully underwritten £157.6m Rights Issue as announced on 27th March, 2018.
26 March 2018
Proposed US$558m acquisition of The Finish Line – JD Sports Fashion
Peel Hunt is acting as joint Corporate Broker to JD Sports Fashion Plc on its US$558 million cash acquisition of The Finish Line, Inc as announced on 26th March, 2018.
23 March 2018
Proposed £100m Firm Placing and Placing, Open Offer and Offer for Subscription – Primary Health Properties
Peel Hunt is acting as joint broker and joint bookrunner to Primary Health Properties PLC on its proposed Firm Placing (where Peel Hunt is also joint underwriter) and Placing, Open Offer and Offer for Subscription to raise gross proceeds of up to £100m (with the ability to upsize to £125m) at a price of 108 pence per New Share as announced on 23rd March 2018.
Click here to view more details
22 March 2018
Unsung Heroes of the boardroom recognised at the 12th annual NED Awards
The winners of the 12th annual Non-Executive Director Awards were announced last night at a glittering reception at Claridges.
As proud founders of the NED Awards; Peel Hunt continue to recognise the achievements of Non-Executive Directors within the Business and Not-For-Profit/Public Sector communities.
2018 Winners
FTSE 100 – Martin Scicluna, RSA Insurance Group
Lifetime Achievement – Sir Peter Middleton
FTSE All Share – Andrew Griffith, Just Eat
FTSE AIM – Malcolm Diamond, Flowtech Fluidpower
Not-for-Profit / Public Service Organisation – Hattie Llewelyn-Davies, Buckinghamshire Healthcare NHS Trust
Private / Private Equity Backed – Vanda Murray OBE, The Manchester Airports Group
Dame Helen Alexander ‘NED to Watch’ – Jacqui Ferguson, John Wood Group
To see the full list of winners and photos please click here
20 March 2018
USS35m Accelerated Book Build Placing – Sirius Real Estate
Peel Hunt acted as joint bookrunner on an accelerated book build placing of 58,333,333 new Ordinary shares in Sirius Real Estate Limited at a price of 60 pence per Placing Share raising gross proceeds of US$35 million, as announced on 20th March, 2018.
19 March 2018
Peel Hunt makes several senior hires to our Debt Capital Markets team
Peel Hunt are pleased to announce several senior appointments to its Debt Capital Markets (“DCM”) and equity linked product team; Scott Beattie as a Director and Head of DCM who joins from Oppenheimer Europe; David Kent as a Director who also joins from Oppenheimer Europe; and Stuart Galvin as a Director who joins from Cenkos Securities.
The Peel Hunt DCM team provide UK corporate clients with a wide range of financing alternatives beyond equity, delivered by a proven and experienced team of specialists in DCM and equity linked product origination, advisory, execution, distribution, underwriting and trading, ranging from Retail Eligible Bonds, Corporate Wholesale Bonds (multi-currency) and Convertible Bonds.
The DCM hires replace the previous collaboration between Peel Hunt and debt advisory firm JC Rathbone Associates (“JCRA”), which has been successfully in situ since late 2016. Going forward, both Peel Hunt and JCRA will continue to evaluate and collaborate on potential DCM issuances on a case by case basis.
13 March 2018
USS100m Accelerated Book Build Placing – PureTech Health
Peel Hunt acted as joint bookrunner on an accelerated book build placing of 45,000,000 new Ordinary shares in PureTech Health plc (representing 19% of the Company) at a price of 160 pence per Placing Share raising gross proceeds of $100 million, as announced on 13th March, 2018.
9 March 2018
Accelerated Book Build Placing – Oxford BioMedica
Peel Hunt acted as joint bookrunner on an accelerated book build placing of 174,346,817 new Ordinary shares in Oxford BioMedica plc (representing 5.3% of the Company) at a price of 11.75 pence per Ordinary Share raising gross proceeds of £20.5 million, as announced on 9th March, 2018.
27 February 2018
IPO (c.£178m fund raise) – IntegraFin Holdings
Peel Hunt acted as sole Sponsor, sole bookrunner and sole Corporate Broker to IntegraFin Holdings plc on its IPO (admission expected 2nd March, 2018) having raised gross proceeds of c.£178m (all secondary shares) as announced on 27th February, 2018.
23 February 2018
New Corporate Client - HSBC
Peel Hunt has been appointed as Retail Corporate Broker to HSBC Holdings PLC with immediate effect.
20 February 2018
New Corporate Client – Harworth Group
Peel Hunt has been appointed as joint Corporate Broker to Harworth Group plc, effective from 20th February, 2018.
Click here to view Harworth Group
16 February 2018
Recommended Cash Offer– Plant Impact
Peel Hunt is acting as Rule 3 Adviser, NOMAD and Corporate Broker to Plant Impact plc on its recommended Cash Offer (effected by means of a Court-sanctioned Scheme of Arrangement) from Croda Europe Limited (a wholly owned subsidiary of Croda Plc) of 10.57 pence in cash for each Plant Impact plc ordinary share (valuing the entire issued and to be issued ordinary share capital of Plant Impact plc at c.£10m) as announced on 16th February, 2018.
14 February 2018
Fully underwritten £150m (Stand by) Capital Raise – Galliford Try
Peel Hunt is acting as Joint Sponsor, Joint Global Co-ordinator, Underwriter and joint Corporate Broker to Galliford Try Plc on its fully underwritten £150m capital raise (standby basis) as announced on 14th February, 2018.
9 February 2018
Recommended £376.3m - £410.5m Cash Acquisition – Hogg Robinson
Peel Hunt is acting as joint Corporate Broker to Hogg Robinson Group plc in respect of a recommended cash acquisition by Global Business Travel Holdings Limited of between 110 pence to 120 pence in cash for each Hogg Robinson Group plc share (valuing the entire issued share capital of Hogg Robinson Group plc at c. £376.3 m - £410.5m) as announced on 9th February, 2018
8 February 2018
Accelerated Book Build Placing of Secondary Shares – Central Asia Metals
Peel Hunt acted as sole Bookrunner on an accelerated book build placing of 10,605,876 ordinary shares in Central Asia Metals PLC (representing c.6% of the Company) for CBH Europe Limited (on behalf of Kenges Rakishev, a non-executive director of the Company) at a price of 275 pence per share, as announced on 8th February, 2018.
30 January 2018
US$180m 6.125% Eurodollar Bonds due 2025 – Burford Capital Finance
Peel Hunt acted as Lead Manager in the US$180m issue of 6.125% Eurodollar bonds due 12thAugust 2025 by Burford Capital Finance LLC (a wholly owned indirect subsidiary of Burford Capital Limited) as announced on 30th January, 2018. This is the first ever US $ denominated bond to be issued on the London Stock Exchange’s Order Book for Retail Bonds.
25 January 2018
Issue of Equity – CC Japan Income & Growth Trust
Peel Hunt acted as sole Sponsor, Corporate Broker, Placing Agent and Intermediaries Offer advisor to CC Japan Income & Growth Trust plc on its issue of 19,986,048 ordinary shares at a price of 164.50 pence per ordinary share via a Placing, Offer for Subscription and Intermediaries Offer on a non-pre-emptive basis, as announced on 25th January, 2018.
24 January 2018
Accelerated Book Build Placing of Secondary Shares – 4imprint Group
Peel Hunt acted as Joint Bookrunner on an accelerated book build placing of 867,544 ordinary shares in 4imprint Group plc (representing 3.09% of the Company) on behalf of the estate of the deceased Kenneth Minton at a price of 1,900 pence per Ordinary Share, as announced on 24th January, 2018.
23 January 2018
Launch of 6.125% Eurodollar Bonds due 2025 – Burford Capital Finance
Peel Hunt is acting as Lead Manager in the proposed issue of 6.125% Eurodollar bonds due 12th August 2025 by Burford Capital Finance LLC (a wholly owned indirect subsidiary of Burford Capital Limited) as announced on 23rd January, 2018.
22 January 2018
IPO – IntegraFin Holdings
Peel Hunt is acting as Sponsor, Sole Bookrunner and Broker to IntegraFin Holdings Limited on its proposed IPO as announced on 22nd January, 2018.
19 January 2018
New Corporate Client – Bakkavor Group
Peel Hunt has been appointed as joint Corporate Broker to Bakkavor Group plc, effective from 19th January, 2018.
Click here to view the Bakkavor Group website
8 January 2018
Issue of Equity – CC Japan Income & Growth Trust
Peel Hunt is acting as sole Sponsor, Corporate Broker, Placing Agent and Intermediaries Offer advisor to CC Japan Income & Growth Trust plc on its proposed issue of up to 100 million new ordinary shares via a Placing, Offer for Subscription and Intermediaries Offer on a non-pre-emptive basis, as announced on 8th January, 2018.
1 January 2018
New Corporate Client – Oxford Biomedica
Peel Hunt has been appointed as joint Corporate Broker and joint Financial Adviser to Oxford Biomedica PLC, effective 1st January, 2018.
18 December 2017
Hywel Llewellyn joins Peel Hunt as General Counsel
Peel Hunt announces the appointment of Hywel Llewellyn as General Counsel of its Corporate division and as Permanent Secretary to its Transaction Oversight Committee, effective immediately.
Hywel joins from Deutsche Bank where he was Senior Legal Counsel in the Corporate Finance division. Previously, he worked in J.P. Morgan Cazenove’s ECM & M&A Legal team in London and Hong Kong for ten years, after beginning his career at Lovells in their Capital Markets team in 2004.
14 December 2017
New Corporate Client – Inspired Energy
Peel Hunt has been appointed as joint Corporate Broker to Inspired Energy PLC, effective from 14th December, 2017.
13 December 2017
Formal Sale Process - Plant Impact
Peel Hunt has been retained as Financial Adviser to Plant Impact plc in its commencement of a Formal Sale Process (as referred to in the City Code on Takeovers and Mergers) as announced on 13th December, 2017.
5 December 2017
£100m Proposed (ABB) Firm Placing, Placing, Open Offer and Offer for Subscription – Regional REIT
Peel Hunt is acting as sole Bookrunner and sole Sponsor to Regional REIT Limited on its conditional firm placing (via an accelerated book build) of 49,504,950 new ordinary shares at a price of 101p per New ordinary share to raise c. £50m (gross) and a proposed Placing, Open Offer and Offer for subscription of up to 49,504,950 New Ordinary Shares at 101p per New Ordinary Share to raise a further c. £50m (gross), as announced on 5 December, 2017.
4 December 2017
Peel Hunt expands the corporate team
Peel Hunt, today announces three new hires to its Corporate team - Michael Nicholson as an Associate Director, alongside James Bavister as an Associate and Nicole MacDougal as an Analyst - in readiness for a raft of major regulatory changes due to impact the broking industry and corporate clients in 2018.
Michael joins Peel Hunt’s M&A team from KPMG’s Corporate Finance and Deal Advisory division, where he advised on a wide variety of major UK transactions.
James Bavister joins the Natural Resources team as an Associate from WH Ireland where he worked for six years advising on a number of transactions.
Nicole MacDougal, who is ACA qualified, joins the Corporate team from RSM Corporate Finance where she was an Associate.
21 November 2017
Reverse takeover acquisition of BP’s interests in the Bruce, Keith and Rhum Fields in the North Sea – Serica Energy
Peel Hunt is acting as NOMAD and Corporate Broker to Serica Energy on its reverse takeover acquisition of BP’s interests in the Bruce, Keith and Rhum North Sea fields as announced on 21 November, 2017.
20 November 2017
IPO – Boku
Peel Hunt acted as NOMAD and sole book runner to Boku, Inc. on its AiM IPO (admission 20th November, 2017) having raised gross proceeds of £45m as announced on 20th November, 2017.
20 November 2017
New Corporate Client – Boku
Peel Hunt has been appointed as NOMAD and Corporate Broker to Boku, Inc. following its successful IPO debut and Admission to trading on the AiM market of the London Stock Exchange, effective 20th November, 2017.
Click here to view Boku
16 November 2017
IPO - Tri-Pillar Infrastructure Fund
Peel Hunt is acting as Joint Bookrunner and Intermediaries Offer Adviser to Tri-Pillar Infrastructure Fund Ltd on its proposed IPO (target issue of £200m), as announced on 16th November, 2017.
13 November 2017
New Corporate Client – SIG
Peel Hunt has been appointed as joint Corporate Broker to SIG plc, effective from 13th November, 2017.
Click here to view SIG
13 November 2017
IPO – Sabre Insurance Group
Peel Hunt is acting as co-lead Manager to Sabre Insurance Group plc on its proposed IPO as announced on 13th November, 2017.
10 November 2017
IPO – Bakkavor Group
Peel Hunt acted as joint book runner to Bakkavor Group plc on its IPO (admission expected 16th November, 2017) having raised gross proceeds of £260.7m as announced on 10th November, 2017.
10 November 2017
Accelerated Book Build Placing – IQE
Peel Hunt acted as joint bookrunner on an accelerated book build placing of 67,941,581 new Ordinary shares in IQE plc (representing 9.9% of the Company) at a price of 140 pence per Ordinary Share raising gross proceeds of £95 million, as announced on 10th November, 2017.
6 November 2017
£578.13m Tender Offer Result – Hansteen Holdings
Peel Hunt acted as Financial Adviser, Sponsor and Corporate Broker to Hansteen Holdings PLC on its successful £578.13m Tender Offer at 140p per share as announced on 6th November, 2017.
6 November 2017
New Corporate Client – esure Group
Peel Hunt has been appointed as joint Corporate Broker to esure Group plc, effective from 6th November, 2017.
Click here to view esure Group
3 November 2017
IPO – Boku, Inc
Peel Hunt is acting as NOMAD, Corporate Broker and sole book runner to Boku, Inc on its proposed AIM IPO (admission expected on 20th November, 2017), as announced on 3rd November, 2017.
3 November 2017
3.9% Bonds due 2027 – Golden Lane Housing
Peel Hunt acted as sole Lead Manager to Golden Lane Housing Ltd (established by Royal Mencap Society) on its £10m 3.9% Bonds due 2027 (issued through Retail Charity Bonds plc, the issuing platform that enables UK charities to issue retail eligible bonds), as announced on 3rd November, 2017.
2 November 2017
New Corporate Client – Tarsus Group
Peel Hunt has been appointed as joint Corporate Broker to Tarsus Group PLC, as announced on 2nd November, 2017.
Click here to view Tarsus Group
19 October 2017
Accelerated Book Build Placing of Secondary Shares – Gocompare.com Group
Peel Hunt acted as Joint Bookrunner on an accelerated book build placing of c.21.3m shares in Gocompare.com Group plc (representing 5.1% of the Company) on behalf of Sir Peter Wood at a price of 100 pence per Ordinary Share, as announced on 19 October, 2017.
13 October 2017
Placing Programme – LXI REIT
Peel Hunt acted as sole bookrunner to LXI REIT plc on its £60.2 million gross proceeds fund raise from the issue of new ordinary shares (via its placing programme) as announced on 12 October, 2017.
10 October 2017
Proposed Bond Issue – Hightown Housing Association
Peel Hunt is acting as sole Lead Manager to Hightown Housing Association Limited on a proposed issue of 4% bonds (due 2027) to be issued subject to market conditions (through Retail Charity Bonds plc, the issuing platform that issues retail eligible bonds for UK charities) and listed on the London Stock Exchange as announced on 10th October, 2017.
To view more details please click here
10 October 2017
IPO – Bakkavor Group
Peel Hunt is acting as co-lead Manager to Bakkavor Group plc on its proposed IPO as announced on 10th October, 2017.
6 October 2017
New Corporate Client – Wentworth Resources Limited
Peel Hunt has been appointed as joint Corporate Broker to Wentworth Resources Limited, as announced on 6th October, 2017.
5 October 2017
Proposed Fundraising – Nanoco Group
Peel Hunt acted as Sponsor and sole Bookrunner to Nanoco Group PLC on is £8.6 m equity fundraise as announced on 4th October, 2017.
4 October 2017
Placing of Secondary Shares – Ten Entertainment Group
Peel Hunt acted as joint broker on the placing of 17 million existing Ordinary shares in Ten Entertainment Group plc (“TEG”) representing 26 % of the Company on behalf of Harwood Capital LLP (and certain of its affiliates), Nick Basing (Chairman of TEG) and Graham Blackwell (Chief Commercial Officer of TEG) at a price of 180 pence per
share (raising gross proceeds of £30.6 million), as announced on 2nd October, 2017.
Click here to view more information
4 October 2017
Tender offer – Hansteen Holdings
Peel Hunt is acting as Financial Adviser, Sponsor and Corporate Broker to Hansteen Holdings PLC on its proposed £580 million Tender Offer at 140p per share as announced on 4th October, 2017.
2 October 2017
New Corporate Client – Ten Entertainment Group
Peel Hunt has been appointed as joint Corporate Broker to Ten Entertainment Group plc, effective 2nd October, 2017.
Click here to view Ten Entertainment Group
22 September 2017
US$402.5m acquisition, Accelerated Book Build Placing of both Primary shares (US$153.5m) and c.10.6 m Secondary shares – Central Asia Metals
Peel Hunt is acting as NOMAD, joint Corporate Broker and joint book runner to Central Asia Metals plc on its proposed US$402.5m acquisition of Lynx Resources part funded by a fully underwritten accelerated book build placing of new ordinary shares to raise US$153.5m alongside a proposed secondary sell down of c.10.6 m existing ordinary shares by CBH Europe on behalf of Kenges Rakishev, a non-executive Director of the Company (representing c 9.5 % of the existing issued share capital) as announced on 22 September, 2017.
21 September 2017
Issue of Equity – LXI REIT
Peel Hunt is acting as sole book runner to LXI REIT plc on its proposed issue of up to 200 million new ordinary shares via a placing to qualified investors on a non-pre-emptive basis at an issue price of 102.5 pence per Ordinary share as announced on 21 September, 2017.
21 September 2017
Placing, Offer for Subscription and Intermediaries Offer – BB Healthcare Trust
Peel Hunt acted as sole Sponsor, Corporate Broker, Placing Agent and Intermediaries Offer Adviser to BB Healthcare Trust plc on its Placing, Offer for Subscription and Intermediaries Offer which raised £64.1 m gross as announced on 21st September, 2017.
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20 September 2017
New Corporate Client – Warehouse REIT
Peel Hunt has been appointed as NOMAD, Financial Adviser and Corporate Broker to Warehouse REIT plc following its successful IPO debut and Admission to trading on the AiM market of the London Stock Exchange, effective 20th September, 2017.
18 September 2017
Acquisition of Pax World Management – Impax Asset Management Group
Peel Hunt is acting as NOMAD & Corporate Broker to Impax Asset Management Group plc on its acquisition of Pax World Management LLC for an initial consideration of US$52.5m (and additional contingent payments of up to US$37.5m) as announced on 18th September, 2017.
15 September 2017
IPO - Warehouse REIT
Peel Hunt is acting as NOMAD, Financial Adviser, Corporate Broker, Intermediaries Adviser and sole Bookrunner to Warehouse REIT plc on its AiM IPO (admission expected on 20th September, 2017) having raised gross proceeds of £150m as announced on 15th September, 2017.
12 September 2017
Accelerated Book Build Placing of Secondary Shares – Redrow
Peel Hunt acted as co-bookrunner on an accelerated book build placing of 25.9m existing Ordinary shares in Redrow PLC (representing 7% of the Company) on behalf of Bridgemere Securities and The Steve Morgan Foundation at a price of 590 pence per Ordinary Share raising gross proceeds of £152.8million, as announced on 12 September, 2017.
5 September 2017
IPO – Charter Court Financial Services Group
Peel Hunt is acting as co-lead Manager to Charter Court Financial Services Group plc on its proposed IPO as announced on 5th September, 2017.
21 August 2017
IPO – Warehouse REIT
Peel Hunt is acting as NOMAD, Financial Adviser, Corporate Broker and sole book runner to Warehouse REIT plc on its proposed IPO (target issue of £150m), as announced on 21st August, 2017.
17 August 2017
New Corporate Client – Avon Rubber PLC
Peel Hunt has been appointed as sole broker to Avon Rubber PLC, as announced on 17th August, 2017.
Click here to view Avon Rubber PLC
15 August 2017
New Corporate Client – Rockhopper Exploration
Peel Hunt has been appointed as joint corporate broker to Rockhopper Exploration plc, as announced on 15th August, 2017.
Click here to view Rockhopper Exploration plc
14 August 2017
Peel Hunt sets up Mifid II task force
UK broker Peel Hunt has created an internal task force comprising up to 10 per cent of its staff to help its clients prepare for forthcoming Mifid II legislation. The broker’s move underlines how mid and small-cap brokers are beginning to throw significant resources to help clients prepare for January’s regulatory shake-up of European financial markets.
To view the full article from the Financial Times please click here
11 August 2017
Proposed Reverse Takeover, Subscription and Open Offer – City of London Group
Peel Hunt is acting as Financial Adviser, NOMAD and Corporate Broker to City of London Group plc on its proposed Reverse Takeover of Milton Homes and £11m equity fundraise (via £7m Subscription and a £4m Open offer) as announced on 11th August, 2017.
1 August 2017
New Corporate Client – Shepherd Neame
Peel Hunt has been appointed sole corporate broker to Shepherd Neame Limited, as announced on 1st August, 2017.
Click here to view Shepherd Neame
28 July 2017
Private Placement – Sirius Real Estate
Peel Hunt acted as joint bookrunner to Sirius Real Estate Limited in its conditional private placement of 39,888,185 new ordinary shares at 56 pence per share to raise approximately €25 million (before expenses) as announced on 28th July, 2017.
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26 July 2017
New Corporate Client – TBC Bank Group
Peel Hunt has been appointed as joint corporate broker to TBC Bank Group PLC, as announced on 26th July, 2017.
Click here to view TBC Bank Group
26 July 2017
Placing – Plant Impact
Peel Hunt acted as NOMAD, Corporate Broker and sole Book Runner to Plant Impact plc on its conditional placing of 12,903,225 new ordinary shares at 31 pence per Placing share to raise c.£4 m (before expenses), as announced on 26th July, 2017.
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21 July 2017
New Corporate Client – Fenner
Peel Hunt has been appointed as joint corporate broker to Fenner PLC, as announced on 21st July, 2017.
Click here to view Fenner PLC
14 July 2017
New Corporate Client – Essentra
Peel Hunt has been appointed as joint Corporate Broker to Essentra plc as of today, the 14th July, 2017.
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3 July 2017
New Corporate Client – WANdisco
Peel Hunt has been appointed as joint Corporate Broker to WANdisco plc as announced on 3rd July, 2017.
22 June 2017
4.25% Bonds due 2026 – The Dolphin Square Charitable Foundation
Peel Hunt acted as sole Lead Manager to The Dolphin Square Charitable Foundation on its £45m 4.25% Bonds due 2026 (issued through Retail Charity Bonds plc, the issuing platform that enables UK charities to issue retail eligible bonds), as announced on 22 June, 2017.
22 June 2017
Recommended Cash offer – Electrical Geodesics
Peel Hunt is acting as NOMAD and Corporate Broker to Electrical Geodesics, Inc. in respect of a recommended cash offer by Philips Holding USA Inc. of 105.4 pence in cash for each Electrical Geodesics , Inc. share (valuing the entire issued share capital of Electrical Geodesics, Inc. at £29 million) as announced on 22 June, 2017.
22 June 2017
New Corporate Client – Gabelli Value Plus+ Trust
Peel Hunt has been appointed as sole Corporate Broker to Gabelli Value Plus+ Trust PLC, as announced on 22nd June, 2017.
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20 June 2017
Accelerated Book Build Placing (and Subscription) – Shanta Gold
Peel Hunt acted as NOMAD and sole bookrunner on an accelerated book build placing (and subscription) of 182,805,808 new ordinary shares in Shanta Gold Limited at a price of 6 pence per share to raise gross proceeds of US$14 m as announced on 20 June, 2017.
15 June 2017
Accelerated Book Build Placing – NewRiver REIT
Peel Hunt acted as joint bookrunner on an accelerated book build placing of 67,164,179 new Ordinary shares in NewRiver REIT plc (representing 28.2% of the Company) at a price of 335 pence per Ordinary Share raising gross proceeds of £225 million, as announced on 15 June, 2017.
15 June 2017
Accelerated Book Build Placing – Shield Therapeutics
Peel Hunt acted as joint bookrunner on an accelerated book build placing of 1,000,000 new Ordinary shares in Shield Therapeutics plc at a price of 150 pence per Ordinary Share raising gross proceeds of £1.5 million, as announced on 15 June, 2017.
6 June 2017
Investment in Biocomposites by TA Associates
Biocomposites, a UK based manufacturer and marketer of calcium compound biologics, has received an investment from TA Associates to support its growth and build further value. Peel Hunt acted as joint financial adviser to Biocomposites, financial terms of the investment were not disclosed.
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6 June 2017
Accelerated Book Build Placing – DP Poland
Peel Hunt acted as NOMAD, broker and sole bookrunner on an accelerated book build placing of 12,200,000 new Ordinary shares in DP Poland plc (representing 8.2% of the Company) at a price of 43 pence per Ordinary Share raising gross proceeds of £5.246 million, as announced on 6 June, 2017.
2 June 2017
Accelerated Book Build Placing – Motif Bio
Peel Hunt acted as NOMAD, broker and sole bookrunner on an accelerated book build placing of 66,666,667 new Ordinary shares in Motif Bio plc (representing 34% of the Company) at a price of 30 pence per Ordinary Share raising gross proceeds of £20.0 million, as announced on 2 June, 2017.
26 May 2017
New Corporate Client – Herald Investment Trust
Peel Hunt has been appointed as joint Corporate Broker to Herald Investment Trust plc, as announced on 25th May, 2017.
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26 May 2017
New Corporate Client – Shield Therapeutics
Peel Hunt has been appointed as joint Corporate Broker to Shield Therapeutics plc, as announced on 26th May, 2017.
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24 May 2017
Accelerated Book Build Placing – Atlantis Resources
Peel Hunt is acting as NOMAD and Joint Bookrunner to Atlantis Resources Ltd on its proposed placing (via an accelerated book build) of up to 9,000,000 new Ordinary Shares at 45 pence per share to raise up to £4.05 million, as announced on 23rd May, 2017.
23 May 2017
New Corporate Client – BB Biotech AG
Peel Hunt has been appointed as joint UK Corporate Broker to BB Biotech AG, effective 23rd May, 2017.
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23 May 2017
New Corporate Client – S & U
Peel Hunt has been appointed as sole Corporate Broker to S & U plc, as announced on 18th May, 2017.
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19 May 2017
New Corporate Client – Watkin Jones
Peel Hunt has been appointed as NOMAD and corporate broker to Watkin Jones plc, as announced on 19th May 2017.
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19 May 2017
£175 million 5% Sterling Bond Issue – Burford Capital
Peel Hunt acted as sole Lead Manager to Burford Capital PLC (a wholly owned indirect subsidiary of Burford Capital Limited, (“Burford”)) on its successful issue of £175 million of 5% sterling bonds due 1 December, 2026, as announced on 19th May, 2017.
18 May 2017
New Corporate Client – eve Sleep
Peel Hunt has been appointed as NOMAD and Corporate Broker to eve Sleep plc following its successful IPO debut and Admission to trading on the AiM market of the London Stock Exchange, effective 18th May, 2017.
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15 May 2017
IPO – Eve Sleep
Peel Hunt is acting as NOMAD, corporate broker and sole bookrunner to Eve Sleep PLC on its AiM IPO (admission expected on 18th May, 2017) having raised gross proceeds of £35m (all primary) as announced on 15th May, 2017.
15 May 2017
New Corporate Client – Jupiter Emerging & Frontier Income Trust
Peel Hunt has been appointed as Corporate Broker to Jupiter Emerging & Frontier Income Trust PLC following its successful IPO debut and Admission to the Premium Segment of the Official List of the UK Listing Authority and Admission to trading on the Main Market of the London Stock Exchange, as of 15th May, 2017.
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12 May 2017
Launch of 5% Sterling bonds – Burford Capital
Peel Hunt is acting as Lead Manager in the proposed issue of 5% sterling bonds due 1 December 2026 by Burford Capital PLC, a wholly owned indirect subsidiary of Burford Capital Limited.
11 May 2017
IPO – Jupiter Emerging & Frontier Income Trust
Peel Hunt is acting as sole Sponsor, Corporate Broker, Placing Agent and Intermediaries Offer Adviser to Jupiter Emerging & Frontier Income Trust PLC on its IPO (admission to the premium listing segment of the Official List and to trading on the Main Market for listed securities of the London Stock Exchange, admission expected on 15th May, 2017) having raised gross proceeds of £90m pursuant to the placing, offer for subscription and intermediaries offer, as announced on 11 May, 2017.
10 May 2017
New Corporate Client – JD Sports Fashion
Peel Hunt has been appointed as joint Corporate Broker to JD Sports Fashion PLC as of 10th May, 2017.
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9 May 2017
Accelerated Book Build Vendor Placing – GB Group
Peel Hunt acted as NOMAD, sole bookrunner and sole broker on an accelerated book build vendor placing of 17,058,824 new ordinary shares in GB Group plc (representing 12.7% of the Company’s existing issued share capital) at a price of 340 pence per share raising gross proceeds of approximately £58 million, as announced on 9 May, 2017.
3 May 2017
Accelerated Book Build Placing – Blancco Technology Group
Peel Hunt acted as NOMAD, joint bookrunner and joint broker on an accelerated book build placing of 5,800,000 new Ordinary shares in Blancco Technology Group plc (representing 9.97% of the Company) at a price of 169 pence per Ordinary Share raising gross proceeds of £9.8 million, as announced on 3 May, 2017.
28 April 2017
New Corporate Client – Motif Bio
Peel Hunt has been appointed as NOMAD and joint Corporate Broker to Motif Bio plc, as of 28th April 2017.
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27 April 2017
New Corporate Client – Gulf Keystone Petroleum
Peel Hunt has been appointed as joint Corporate Broker to Gulf Keystone Petroleum Limited, as of 27th April 2017.
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21 April 2017
Accelerated Book Build Placing of Secondary Shares – Forterra
Peel Hunt acted as joint bookrunner on an accelerated book build placing of 105,666,827 existing Ordinary shares in Forterra plc (representing 52.7% of the Company) on behalf of LSF9 Concrete II Ltd at a price of 195 pence per Ordinary Share raising gross proceeds of £206.1 million, as announced on 21 April, 2017.
13 April 2017
Proposed Acquisition and Proposed Placing - Dorcaster
Peel Hunt is acting as NOMAD, joint bookrunner and joint Corporate Broker to Dorcaster PLC on its proposed acquisition of Experiential Ventures Ltd and a proposed placing of 10,370,370 Placing shares at 135 pence per Placing share, as announced on 13th April, 2017.
13 April 2017
New Corporate Client – Hogg Robinson Group
Peel Hunt has been appointed as joint Corporate Broker to Hogg Robinson Group, as of 13th April 2017.
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13 April 2017
IPO – Jupiter Emerging & Frontier Income Trust
Peel Hunt is acting as Sole Sponsor, Corporate Broker, Placing Agent and Intermediaries Offer Adviser to Jupiter Emerging & Frontier Income Trust PLC on its proposed IPO (target issue of £200m), as announced on 13 April, 2017.
12 April 2017
Accelerated Book Build Placing – Pan African Resources
Peel Hunt is acting as joint Bookrunner to Pan African Resources PLC on its proposed placing (via an accelerated book build) of 291,480,983 new Ordinary Shares (representing c.15% of the Company’s issued share capital) to raise approximately US$51million (before expenses), as announced on 12th April, 2017.
24 March 2017
Accelerated Book Build Placing of Secondary Shares – Watkin Jones
Peel Hunt acted as sole bookrunner on an accelerated book build placing of 50,250,000 existing Ordinary shares in Watkin Jones plc (representing 19.7% of the Company) on behalf of the G & J Watkin Jones 1992 Settlement Trust and Philip Byrom, at a price of 140 pence per Ordinary Share raising gross proceeds of £70.35 million, as announced on 24 March, 2017.
23 March 2017
Accelerated Book Build Placing – LondonMetric Property
Peel Hunt is acting as joint Bookrunner to LondonMetric Property PLC on its proposed placing (via an accelerated book build) of up to 62,804,390 new Ordinary Shares (representing c.9.9% of the Company’s issued share capital) to raise approximately £97million (before expenses), as announced on 23rd March, 2017.
20 March 2017
Proposed €1.28 bn disposal of German & Dutch portfolio – Hansteen Holdings
Peel Hunt is acting as sole Financial Adviser, sole Sponsor and sole Corporate Broker to Hansteen Holdings PLC on its proposed disposal of its German and Dutch portfolios for €1.28 bn in cash to entities owned by funds advised by affiliates of The Blackstone Group L.P. and M7 Real Estate, as announced on 20th March, 2017.
17 March 2017
Accelerated Book Build Placing of Secondary Shares – Eurocell
Peel Hunt acted as joint bookrunner on an accelerated book build placing of 20,129,094 existing Ordinary shares in Eurocell plc on behalf of Cooperatief H2 Equity Partners Fund IV Holding W.A. at 205 pence per Ordinary Share, as announced on 17th March, 2017.
16 March 2017
Accelerated Book Build Placing of Secondary Shares – Purplebricks Group
Peel Hunt acted as joint bookrunner on an accelerated book build placing of 7,927,303 existing Ordinary shares in Purplebricks Group Plc on behalf of certain Directors and PDMR’s at 300 pence per Ordinary Share, as announced on 16 March, 2017.
15 March 2017
4.25% Sterling Bonds due 2026 – Greensleeves Homes Trust
Peel Hunt acted as sole Lead Manager to Greensleeves Homes Trust on its (upsized) £33m 4.25% 2026 Sterling Bond (issued through Retail Charity Bonds plc, the issuing platform that enables UK charities to raise medium term debt finance through bonds issued to retail and wholesale investors and listed on the London Stock Exchange), as announced on 14 March, 2017.
10 March 2017
New Corporate Client – Highbridge Multi-Strategy Fund
Peel Hunt has been appointed as joint Corporate Broker to Highbridge Multi-Strategy Fund Limited, as of 10th March 2017.
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1 March 2017
Technology analyst joins the Peel Hunt team
Peel Hunt are pleased to announce the appointment of Damindu Jayaweera as an analyst in our technology team, effective immediately. Damindu joins from Jefferies where he has spent the last 10 years working in their European Technology Equity Research team.
27 February 2017
New Corporate Client – LXI REIT plc
Peel Hunt has been appointed as Corporate Broker to LXI REIT plc following its successful IPO debut and Admission to the Premium Segment of the Official List of the UK Listing Authority and Admission to trading on the Main Market of the London Stock Exchange, as of today the 27th February, 2017.
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24 February 2017
Bargain hunting amid the flight to safety
Healthcare stocks have been buffeted by uncertainty on many fronts, including the outlook for US drug pricing, broader macro concerns such as taxation policy, and a strengthening US Dollar. This drove underperformance of healthcare vs the wider markets in H2 2016. Strong dispersion in sub-sector multiples ensued, with rotation out of “riskier” pharma/biotech into perceived safer havens such as lab tools and services players.
To get access to the full Healthcare & Life Sciences Sector Note - please click here
23 February 2017
IPO – LXI REIT
Peel Hunt is acting as Sponsor, Corporate Broker, Placing Agent and Intermediaries Offer Adviser to LXI REIT PLC on its IPO (admission to the premium listing segment of the Official List and to trading on the Main Market for listed securities of the London Stock Exchange, admission expected on 27th February, 2017) having raised gross proceeds of £138.15m pursuant to the placing, offer for subscription and intermediaries offer, as announced on 23 February, 2017.
22 February 2017
Accelerated Book Build Placing – Purplebricks Group
Peel Hunt is acting as joint Bookrunner to Purplebricks Group plc on its proposed placing of new ordinary shares (via an accelerated book build) to raise up to £50.0 m (before expenses), as announced on 22nd February, 2017.
20 February 2017
Proposed Sterling Bond Issue – Greensleeves Homes Trust
Peel Hunt is acting as sole Lead Manager to Greensleeves Homes Trust on a proposed issue of sterling bonds, to be issued subject to market conditions (and issued through Retail Charity Bonds plc, the issuing platform that enables UK charities to raise medium term debt finance through bonds issued to retail and wholesale investors and listed on the London Stock Exchange), as announced on 20 February, 2017.
17 February 2017
Recommended Cash Offer – Industrial Multi Property Trust
Peel Hunt is acting as Financial Adviser and Corporate Broker to Hansteen Holdings plc on its recommended cash offer for Industrial Multi Property Trust PLC (“IMPT”) at a price of 300p in cash for each IMPT share (which values the entire issued share capital of IMPT at £25,228,560), as announced on 17th February, 2017.
12 February 2017
2017 NED Awards shortlist announced
As founders of the Non-Executive Director Awards – Peel Hunt are pleased to announce that the 2017 shortlist has now been published in the Sunday Times. To view the full list please click here
The 11th Annual Non-Executive Director Awards aims to recognise the achievements of NEDs within the Business and Not-For-Profit/Public Sector communities.
6 February 2017
Recommended Final Cash Offer – Punch Taverns
Peel Hunt is acting as broker to Vine Acquisitions Limited (a newly incorporated company formed at the direction of Patron Fund V) on its Recommended Final Cash Offer (to be effected by way of a Scheme of Arrangement) for Punch Taverns plc at a price of 180 pence in cash for each Punch Tavern share which values the fully diluted share capital of Punch Taverns at c.£402.7m.
2 February 2017
Issue of Equity – Miton UK MicroCap Trust
Peel Hunt acted as sole bookrunner to Miton UK MicroCap Trust plc on its £5m issue of ordinary shares (under the Share Issuance Programme) as announced on 2nd February, 2017.
1 February 2017
Accelerated Book Build Placing – Anglo Pacific Group
Peel Hunt is acting as joint Bookrunner to Anglo Pacific Group PLC on its proposed placing (via an accelerated book build) to raise up to £13.7m, as announced on 1st February, 2017.
31 January 2017
IPO – LXI REIT
Peel Hunt is acting as Sole Sponsor, Corporate Broker, Placing Agent and Intermediaries Offer Adviser to LXI REIT plc on its proposed IPO (target issue of £200m), as announced on 31 January, 2017.
27 January 2017
Accelerated Book Build Placing of Secondary Shares – Countryside Properties
Peel Hunt acted as lead manager on an accelerated book build placing of 45 million existing Ordinary shares in Countryside Properties PLC on behalf of OCM Luxembourg Coppice Topco SARL at 230 pence per Ordinary Share, as announced on 27 January, 2017.
20 January 2017
Accelerated Book Build Placing – Acal
Peel Hunt is acting as sole Bookrunner and sole Corporate Broker to Acal plc on its proposed placing (via an accelerated book build) of 6,418,308 new ordinary shares at a price of 220 pence per Placing Share to raise gross proceeds of c.£14.1m (before expenses), as announced on 20 January, 2017.
18 January 2017
Third Increased Recommended Cash offer – Lavendon Group
Peel Hunt is acting as sole Corporate Broker to Lavendon Group plc in respect of a third increased recommended offer by Loxam SAS of 270 pence in cash for each Lavendon share (valuing the entire issued share capital of Lavendon Group plc at c.£459 million) as announced on 18 January, 2017
16 January 2017
Accelerated Book Build Placing of Secondary Shares – Forterra
Peel Hunt acted as joint book runner on an accelerated book build placing of 23 million existing Ordinary shares in Forterra plc on behalf of LSF9 Concrete II Ltd. (representing 11.5 % of the issued share capital) at 170 pence per Ordinary Share, as announced on 16 January, 2017.
5 January 2017
Third Increased Cash offer – Lavendon Group
Peel Hunt is acting as sole Corporate Broker to Lavendon Group plc in respect of a third increased offer by Libra Bidco (on behalf of TVH Group N.V) of 261 pence in cash for each Lavendon share (valuing the entire issued share capital of Lavendon Group plc at c.£444 million) as announced on 3rd January, 2017.
28 December 2016
Second Increased Recommended Cash offer – Lavendon Group
Peel Hunt is acting as sole Corporate Broker to Lavendon Group plc in respect of a second increased recommended offer by Loxam SAS of 260 pence in cash for each Lavendon share (valuing the entire issued share capital of Lavendon Group plc at c. £442 million) as announced on 28 December, 2016
22 December 2016
Proposed Disposal – Pro Global Insurance Solutions
Peel Hunt is acting as NOMAD and Corporate Broker to Pro Global Insurance Solutions plc on its proposed disposal of Pro Services, as announced on 22nd December, 2016.
16 December 2016
New Corporate Client – ThinkSmart
Peel Hunt has been appointed joint Corporate Broker to ThinkSmart Limited, as announced on 16 December, 2016.
Click here to view more details
16 December 2016
Increased Recommended Cash offer – Lavendon Group
Peel Hunt is acting as sole Corporate Broker to Lavendon Group plc in respect of the increased recommended offer by Loxam SAS of 250 pence in cash for each Lavendon share (valuing the entire issued share capital of Lavendon Group plc at c. £425 million) as announced on 16 December, 2016
14 December 2016
New Corporate Client – Gocompare.com Group
Peel Hunt has been appointed joint Corporate Broker to Gocompare.com Group plc, as announced on 14 December, 2016.
Click here to view more details
14 December 2016
Recommended Cash offer – Lavendon Group
Peel Hunt is acting as sole Corporate Broker to Lavendon Group plc in respect of the recommended offer by Loxam SAS of 220 pence in cash for each Lavendon share (valuing the entire issued share capital of Lavendon Group plc at c.£374 million) as announced on 14 December, 2016.
2 December 2016
New Corporate Client – BB Healthcare Trust
Peel Hunt has been appointed as Corporate Broker to BB Healthcare Trust plc following its successful IPO debut and Admission to the Premium Segment of the Official List of the UK Listing authority and Admission to trading on the Main Market of the London Stock Exchange, as of today, the 2nd December, 2016.
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30 November 2016
IPO – BB Healthcare Trust
Peel Hunt is acting as Sponsor, Corporate Broker, Placing Agent and Intermediaries Offer Adviser to BB Healthcare Trust plc on its IPO (admission to the premium listing segment of the Official List and to trading on the Main Market for listed securities of the London Stock Exchange, admission expected on 2nd December, 2016) having raised gross proceeds of £150m pursuant to the first placing, offer for subscription and intermediaries offer, as announced on 30th November, 2016.
23 November 2016
Recommended Cash Offer - Brammer
Peel Hunt is acting as Corporate Broker to Brammer plc in respect of the recommended Cash offer received from AI Robin Limited (a wholly-owned subsidiary of funds managed by Advent International Corporation) of 165 pence in cash for each Brammer share (which values the entire issued and to be issued ordinary share capital of Brammer at c. £221.5 million) as announced on 23 November, 2016.
22 November 2016
Final Cash offer – Lavendon Group
Peel Hunt is acting as sole Corporate Broker to Lavendon Group plc who has received a final cash offer of 205 pence for each Lavendon share (valuing the entire issued share capital of Lavendon Group plc at c.£348 million) as announced on 22nd November 2016
17 November 2016
New Corporate Client – Shanks Group
Peel Hunt has been appointed joint Corporate Broker to Shanks Group PLC, as announced on 17 November, 2016.
Click here to view more details
16 November 2016
Placing, Subscription and Broker Option - Koovs
Peel Hunt is acting as NOMAD, Corporate Broker and Bookrunner to Koovs plc in its proposed placing of 9.5m new ordinary shares and a proposed subscription (part of which is a £3.9m strategic investment by the Times of India Group) of 12.2m new ordinary shares (with a broker option for a further 4m new ordinary shares) to be issued at 50p per new ordinary share to raise gross proceeds of £10.85m, as announced on 16 November, 2016.
15 November 2016
Accelerated Book Build Placing, Subscription and Loan Restructuring – President Energy
Peel Hunt is acting as NOMAD and joint Bookrunner to President Energy Plc on its proposed loan restructuring, proposed US$2.8m equity subscription by International Finance Corporation (a member of the world Bank) and proposed US$17.2 m placing (via an accelerated book build) of new ordinary shares at 6 pence per share to raise aggregate gross proceeds of US$20m, as announced on 15 November, 2016.
15 November 2016
Offering to raise C$35m – Euromax Resources
Peel Hunt is acting as syndicate co-agent/ underwriter in a marketed offering of Euromax Resources Ltd units (comprising one common share and one warrant) to raise gross proceeds of C$35m (prior to an over-allotment option of up to 15% of the marketed offering) as announced on 14 November, 2016.
4 November 2016
Accelerated Book Build Placing – Berkeley Energia
Peel Hunt is acting as joint Bookrunner and Corporate Broker to Berkeley Energia Limited on its proposed placing (via an accelerated book build) of new ordinary shares at 45 pence per share to raise gross proceeds of between US$25m - US$30m, as announced on 4th November, 2016.
1 November 2016
Unsolicited Cash offer – M.P. Evans Group
Peel Hunt is acting as NOMAD and Corporate Broker to M. P. Evans Group PLC in its defence to the unsolicited £359.3m cash offer by Kuala Lumpur Kepong Berhad as announced on 25th October 2016.
27 October 2016
IPO – BB Healthcare Trust
Peel Hunt is acting as Sponsor, Corporate Broker, Placing Agent and Intermediaries Offer Adviser to BB Healthcare Trust PLC on its proposed IPO, as announced on 27 October, 2016.
26 October 2016
IPO – ConvaTec Group
Peel Hunt is acting as co-lead manager to ConvaTec Group Plc on its IPO (admission to the premium listing segment of the Official List and to trading on the Main Market for listed securities of the London Stock Exchange), where unconditional dealings in the shares is expected on 31 October, 2016.
26 October 2016
New Corporate Client – Van Elle Holdings
Peel Hunt has been appointed as NOMAD and sole Corporate Broker to Van Elle Holdings plc following its successful admission to trading on AiM, as announced 26 October, 2016.
Click here to view more details
26 October 2016
IPO – Van Elle Holdings
Peel Hunt is acting as NOMAD, sole Bookrunner and sole Corporate Broker to Van Elle Holdings plc on its IPO, of which admission to AiM and first day of dealings were 26 October, 2016.
24 October 2016
New Corporate Client – Trinity Mirror
Peel Hunt has been appointed joint Corporate Broker to Trinity Mirror plc, as announced on 24 October, 2016.
20 October 2016
Accelerated Book Build Placing – Rathbone Brothers
Peel Hunt is acting as joint Bookrunner and joint Corporate Broker to Rathbone Brothers Plc on its proposed placing (via an accelerated book build) of 2,224,210 new ordinary shares at a price of 1,710 pence per Placing Share to raise gross proceeds of c.£37m (net of expenses), as announced on 20th October, 2016.
17 October 2016
New Debt Advisory Offering in collaboration with JCRA
Peel Hunt have further expanded our advisory offering by adding Debt Capital Markets (DCM) to our existing suite of advisory and execution capabilities via a collaboration with debt advisory, risk and hedging specialists JC Rathbone Associates (JCRA).
The new DCM team will be made up of Adrian Bell, Henrietta Podd and Mark Glowrey - a proven team of specialists in DCM origination, advisory, execution, distribution and trading - all previously senior members of the Canaccord Genuity’s debt capital markets practice, before joining JCRA in April 2016. The team are market leaders in the retail bond space, having led over 75% of the issuance on Order Book for Retail Bonds (ORB) over the past three years and expect to continue that success.
Peel Hunt view DCM as a major growth area in which we have already advised on a number of high profile debt-related corporate deals in recent years. We were co-lead on the convertible bond issues of Hansteen and PHP and also worked closely with the JCRA team in 2016, having played a major role in the high profile retail bond issues of Alpha Plus and Burford Capital.
14 October 2016
Accelerated Book Build Placing - Carclo
Peel Hunt is acting as sole bookrunner and sole Corporate Broker to Carclo plc on its proposed placing (via an accelerated book build) of 6,631,026 new ordinary shares at a price of 120 pence per Placing Share to raise gross proceeds of c.£8m, as announced on 14th October, 2016.
13 October 2016
Issue of Equity – CC Japan Income & Growth Trust
Peel Hunt acted as sole bookrunner to CC Japan Income & Growth Trust plc on its £12.62m issue of ordinary shares (under the Placing Programme) as announced on 13th October, 2016.
12 October 2016
Proposed Placing and Open Offer- Quadrise Fuels International
Peel Hunt is acting as Bookrunner and Corporate Broker to Quadrise Fuels International plc on both its proposed £4m Placing (via an accelerrated bookbuild) and subsequent proposed £1m Open Offer of new ordinary Shares at 10 pence per share as announced on 12th October, 2016.
5 October 2016
Best Investment Trust & Company Research
At the inaugural Investment Research Awards we are very pleased to announce that Peel Hunt took home the award for Best Investment Trust & Company Research.
The Investment Research Awards run by Investment Week are designed to celebrate the shift towards services that offer innovation, engagement, clarity and transparency. To view all winners please click here
5 October 2016
Placing – DP Poland
Peel Hunt are acting as NOMAD, Corporate Broker and Book Runner to DP Poland PLC on its conditional placing of 6,667,000 new ordinary shares at 48 pence per Placing share to raise c.£3.2 m (before expenses), as announced on 5 October, 2016.
5 October 2016
Placing of secondary Shares – Hastings Group Holdings
Peel Hunt is acting as lead manager on the placing of 46,171,359 ordinary shares in Hastings Group Holdings Plc on behalf of Hastings Investco Limited, Neil Utley, The Utley Family Charitable Trust and Richard Brewster at a price of 216p per share, as announced on 5th October, 2016.
3 October 2016
IPO – ConvaTec
Peel Hunt is acting as co-lead manager to ConvaTec plc on its proposed IPO, as announced on 3rd October, 2016.
29 September 2016
Peel Hunt strengthens leadership team with senior appointment
Peel Hunt is pleased to announce that Roger Lambert has joined the firm as a Partner in the Corporate Department.
Roger joins Peel Hunt from Canaccord Genuity where he was Chairman of its Corporate Broking practice since January 2010. Prior to this, Roger worked for 26 years in corporate finance at JPMorgan Cazenove where he was a Partner and then a Senior Managing Director. Roger has a wealth of expertise in the financials, industrials, brewing, drinks and hospitality sectors and over 35 years of advisory expertise and corporate relationships.
He will officially start with the firm in January 2017.
20 September 2016
New Corporate Client – Gaming Realms
Peel Hunt has been appointed as NOMAD, sole Corporate Broker and Financial Adviser to Gaming Realms Plc, as announced on 13 September, 2016.
20 September 2016
Data - It’s Binary
Data is a key theme in the technology sector. Looking ahead, Peel Hunt view it as a primary driver of business models, and the key to higher returns on investment, both inside and outside the sector. Today Peel Hunt have published a report taking a close look at data, the drivers of growth and the underlying trends, with a focus on three key areas: (1) storage; (2) security; and (3) analytics. To view a full copy of the note please click here
19 September 2016
New Corporate Client – Berkeley Energia
Peel Hunt has been appointed as joint Corporate Broker to Berkeley Energia Limited, as announced on 19 September, 2016.
15 September 2016
IPO – Biffa
Peel Hunt is acting as lead manager to Biffa plc on its proposed IPO, as announced on 15 September, 2016.
6 September 2016
New Corporate Client – Fusionex International
Peel Hunt has been appointed as joint Corporate Broker to Fusionex International plc, as announced on 6th September, 2016
23 August 2016
New Corporate Client – Martin Currie Asia Unconstrained
Peel Hunt has been appointed as Corporate Broker to Martin Currie Asia Unconstrained Trust, with effect from 23 August, 2016.
17 August 2016
New Corporate Client – Nanoco Group
Peel Hunt has been appointed Financial Adviser and sole Corporate Broker to Nanoco Group PLC, effective 17 August, 2016.
17 August 2016
New Corporate Client – Provident Financial
Peel Hunt has been appointed as Retail Corporate Broker to Provident Financial plc, with effect from 17 August, 2016.
15 August 2016
Recommended Cash Offer for Pinewood Group
Peel Hunt are acting as NOMAD and Corporate Broker to Pinewood Group plc in its Recommended Cash Offer (intended to be effected by means of a Scheme of Arrangement) of 563.2 pence per Pinewood ordinary share (comprising 560 pence in cash for each Pinewood Group share plus the Agreed Dividend of 3.2 pence per Pinewood share (subject to Pinewood AGM approval) due to be paid on October 3rd 2016) which values the entire issued ordinary share capital of Pinewood Group plc at approximately £323.3m, as announced on 12 August, 2016.
12 August 2016
Accelerated Book Build Placing of Secondary Shares – Sirius Real Estate
Peel Hunt acted as joint book runner on an accelerated book build placing of 60 million existing Ordinary shares in Sirius Real Estate Limited on behalf of MAS Real Estate Inc. (representing 7.2 % of the issued share capital) at 49 Euro cents per Ordinary Share, as announced on 12 August, 2016.
10 August 2016
Proposed Disposal of Parts Division - Lookers
Peel Hunt is acting as Financial Adviser, sole Sponsor and joint Corporate Broker to Lookers plc on the conditional disposal of its parts business (on a debt free and cash free basis) to Alliance Automotive UK Ltd for £120 million in cash, as announced on 10 August, 2016.
2 August 2016
Peel Hunt expands industrials team with new hire
Peel Hunt are pleased to announce the appointment of Harry Philips as an analyst in our industrials team, effective immediately. Harry has a wealth of experience in the sector and has covered UK industrials companies for over 25 years.
28 July 2016
Possible Recommended Cash Offer for Pinewood Group
Peel Hunt are acting as NOMAD and Corporate Broker to Pinewood Group plc in a possible recommended cash offer of 563.2 pence per Pinewood ordinary share (comprising 560 pence in cash for each Pinewood Group share (the “Possible Offer Price”) plus the final dividend of 3.2 pence per Pinewood share due to be paid on October 3rd 2016) to be made by Venus Grafton Sarl which values the entire issued ordinary share capital of Pinewood Group plc at approximately £323.3m, as announced on 28 July, 2016.
19 July 2016
Peel Hunt strengthens leisure credentials with two senior hires
Peel Hunt are very pleased to announce further growth to our research team with leisure analysts Ivor Jones and Douglas Jack, both from Numis. Ivor and Douglas are highly respected analysts in the leisure space and between them have over 40 years’ equity research experience covering the Pan-European leisure industry.
Ivor, who first started covering the sector in 1998, has joined Peel Hunt from Numis, where since 2010 he worked as part of its Leisure team, focussing on gambling companies. Previously Ivor held equity research positions at Evolution Securities, Panmure Gordon, as well as Citigroup, where he was Head of their European Leisure team. Douglas, who also has more than 20 years’ experience as an equity analyst covering the leisure sector, will join Peel Hunt in early 2017.
8 July 2016
New Corporate Client – Dorcaster
Peel Hunt has been appointed as NOMAD and sole Corporate Broker to Dorcaster PLC following its successful admission to trading on AiM, as announced 8 July, 2016.
29 June 2016
Accelerated Book Build Placing and Acquisition – GB Group
Peel Hunt are acting as NOMAD and sole Corporate Broker to GB Group plc on its conditional placing of 9,090,910 new ordinary shares at 275p pence per share to raise c.£25 m (before expenses) to fund the acquisition of IDscan Biometrics Ltd, as announced on 29 June, 2016.
24 June 2016
Placing - Proxama
Peel Hunt are acting as NOMAD and Corporate Broker to Proxama plc on its conditional placing of 666,666,666 new ordinary shares at 0.3p pence per share to raise c.£2.0 m (before expenses), as announced on 24 June, 2016.
23 June 2016
Placing – Epistem Holdings
Peel Hunt are acting as NOMAD and Corporate Broker to Epistem Holdings plc on its conditional placing of 8,125,000 new ordinary shares at 80 pence per share to raise c.£6.5 m (before expenses), as announced on 23 June, 2016.
20 June 2016
New Corporate Client – Purplebricks Group
Peel Hunt has been appointed joint Corporate Broker to Purplebricks Group plc, as announced on 16 June, 2016.
20 June 2016
Peel Hunt expands sales team with new hire
Peel Hunt is pleased to announce the appointment of John Welch to the role of Large Cap Sales, effective immediately.
John joins from Deutsche Bank where he worked for eight years, initially in pan-European Cash Equity Sales and then as Co-Head of EMEA Coverage and European Head of Relationship Management within their transaction banking division. John started his career at Cazenove & Co where he spent five years in cash equity sales, both in London and New York and subsequently worked at Goldman Sachs, Bank of America and Dresdner Kleinwort.
14 June 2016
Accelerated Book Build Placing (upsized) – Sirius Real Estate
Peel Hunt acted as NOMAD and Joint UK Bookrunner to Sirius Real Estate Limited in an upsized accelerated placing of c.56,603,774 new Ordinary shares at €0.53 per share (gross proceeds of €30 million), as announced on 13 June, 2016.
8 June 2016
Peel Hunt climbs up the rankings in the 2016 Extel Survey & Starmine Awards
Peel Hunt secures a double win by reaching second place in both the Extel UK Small & Mid Caps and also the Starmine UK and Ireland awards.
This caps a superb year for the firm following its record financial results to March 31st. The Starmine award sandwiched Peel Hunt between Goldman Sachs and Bank of America and for Extel the firm placed the highest number of analysts of any firm in the top 25 across the entire UK Small & Mid Cap market.
The Extel results also reveal that five Peel Hunt analysts were ranked first in their respective sector specialisms, including Peel Hunt’s Head of Research, Charles Hall, Real Estate analyst Kate Renn, Retail analyst John Stevenson, Oil & Gas analyst Werner Riding and Strategy analyst Ian Williams.
As a whole, Peel Hunt’s research team also came in 2nd for the year, after being voted the top research house among largest fund managers and in Continental Europe, 2nd with UK institutions and 4th in North America.
7 June 2016
New Corporate Client – Tharisa
Peel Hunt has been appointed Corporate Broker to Tharisa plc, effective 7 June, 2016.
1 June 2016
New Corporate Client – FastForward Innovations Limited
Peel Hunt has been appointed as NOMAD and sole Corporate Broker to FastForward Innovations Limited, as announced on 1 June, 2016.
26 May 2016
New Corporate Client – Joules Group
Peel Hunt has been appointed Joint Corporate Broker to Joules Group plc, effective 26 May 2016.
26 May 2016
IPO – Joules Group
Peel Hunt is acting as NOMAD, Joint Bookrunner and Joint Corporate Broker to Joules Group plc on its IPO, of which admission to AiM and first day of dealings were 26th May, 2016.
26 May 2016
Acquisition and Vendor Placing – Pan African Resources
Peel Hunt are acting as joint UK book runner to Pan African Resources PLC on its £15.9 m vendor placing (to part fund the acquisition of further interest in Shanduka Gold Proprietary Limited, as announced on 26 May, 2016.
25 May 2016
9 awards won at the 2016 Thomson Reuters StarMine Analyst Awards
Peel Hunt won 9 awards at the 2016 Thomson Reuters StarMine Analyst Awards.
UK & Ireland Individual sector awards
UK Retail Top Earnings Estimator
1st John Stevenson
UK Tech Equipment & Services Top Stock Picker
1st Alex Jarvis
UK Construction Top Earnings Estimator
2nd Gavin Jago
UK Food & Household Products Top Stock Picker
2nd Charles Hall
Uk Hotels & Leisure Top Stock Picker
3rd Nick Batram
Uk Real Estate Top Stock Picker
3rd Kate Renn/James Carswell
Uk Real Estate Top Earnings Estimator
3rd Kate Renn/James Carswell
UK Tech Equipment & Services Top Earnings Estimator
3rd Alex Jarvis
Europe Individual sector awards
Europe Software & Services Top Stock Picker
1st Alex Jarvis
Europe Non-Food Retail Top Earnings Estimator
1st John Stevenson
3rd Jonathan Pritchard
Europe Hotel & Leisure Top Stock Picker
3rd Nick Batram
Overall Analyst awards in UK & Ireland
Top Earnings Estimators
4th John Stevenson
To view more on the awards please click here
25 May 2016
Ranked 2nd overall in 2016 Thomson Reuters StarMine Analyst Awards
Peel Hunt ranked 2nd overall in the UK & Ireland category in the 2016 Thomson Reuters StarMine Analyst Awards ahead of BAML and after Goldman Sachs. This is a huge success for Peel Hunt and our highest position to date wining 9 awards overall.
The Thomson Reuters Analyst Awards are recognized as the gold standard in objective measurement of sell-side analyst performance. The awards recognize the world's top individual sell-side analysts and firms, and they can also be used by buy-side firms to identify the leading analysts at sell-side firms. They measure the performance of sell-side analysts based on the returns of their buy and sell recommendations relative to industry benchmarks; and the accuracy of their earnings estimates in 15 regions across the globe.
19 May 2016
New Corporate Client
Peel Hunt have been appointed as Retail Corporate Broker to Croda International Plc, with effect from 19 May, 2016.
9 May 2016
New Corporate Client – Chariot Oil & Gas
Peel Hunt has been appointed as joint corporate broker to Chariot Oil & Gas Limited, as announced on 9 May, 2016
6 May 2016
Tender Offer Fully subscribed – Blancco Technology Group
Peel Hunt is acting as NOMAD and joint Corpoprate Broker to Blancco Technology Group plc whose tender offer has been fully subscribed (20,833,333 existing Ordinary Shares to be repurchased at 240p per exisitng ordinary share) thereby returning £50m to shareholders, as announced on 6 May, 2016.
6 May 2016
Placing via Accelerated Book Build of new Ordinary Shares – Shanta Gold
Peel Hunt is acting as NOMAD, Financial Adviser and Sole Book Runner to Shanta Gold Limited on its conditional placing (conducted via an Accelerated Book build) of new ordinary Shares at 6.5 pence per Placing Share to raise approximately US$10m (and amendment to terms of convertible loan notes and partial buy back) , as announced on 6 May, 2016.
5 May 2016
New Corporate Client
Peel Hunt have been appointed as Retail Corporate Broker to Greene King PLC, with effect from 20th April, 2016.
5 May 2016
Capital Raise (including Placing) – Koovs
Peel Hunt acted as NOMAD, Corporate Broker and sole book runner to Koovs plc on its placing of new shares with existing and new institutional investors (as part of a wider Capital Raise) to raise gross proceeds of £21.9 million through the issue of 87.6 m New Ordinary Shares at a price of 25 pence per Ordinary Share, as announced on 29th April, 2016.
3 May 2016
IPO – Joules Group
Peel Hunt is acting as NOMAD and Joint Bookrunner to Joules Group Plc on its proposed IPO, as announced on 3 May, 2016.
3 May 2016
New Corporate Client – Euromax Resources
Peel Hunt has been appointed as European Broker to Euromax Resources Ltd (TSX listed), as announced on 29 April, 2016.
27 April 2016
Accelerated Book Build Placing of Secondary Shares – Brooks Macdonald Group
Peel Hunt is acting as sole book runner (on behalf of Mssrs. Richard Spencer and Simon Wombwell, both Directors of Brooks Macdonald Group plc) in an accelerated placing of up to a total of 585,000 existing Ordinary shares in Brooks Macdonald Group plc (representing c.4.3% of the issued share capital), as announced on 27 April, 2016
27 April 2016
Accelerated Book Build Placing (upsized) of Secondary Shares – McCarthy & Stone
Peel Hunt acted as co-lead Manager (on behalf of funds managed by Anchorage Capital Group, TPG Special Situations Partners, Goldman Sachs European Special Situations Group, Strategic Value Partners and certain other shareholders) in an upsized accelerated placing of c.85 million existing Ordinary shares in McCarthy & Stone plc (representing c.15.8% of the issued share capital) at 235p per share (gross proceeds of £200 million), as announced on 26 April, 2016.
26 April 2016
Accelerated Book Build Placing of Secondary Shares – McCarthy & Stone
Peel Hunt is acting as co-lead Manager (on behalf of funds managed by Anchorage Capital Group, TPG Special Situations Partners, Goldman Sachs European Special Situations Group, Strategic Value Partners and certain other shareholders) in an accelerated placing of c.75 million existing Ordinary shares in McCarthy & Stone plc (representing c.14% of the issued share capital), as announced on 26 April, 2016.
25 April 2016
Third increased and final offer for Darty – Groupe Fnac
Peel Hunt are acting as sole broker to Groupe Fnac S.A on its third increased and final cash offer with a Partial Share Alternative for Darty plc. The increased cash offer of 170 pence in cash for each Darty share values the entire issued and to be issued share capital of Darty at £914 million (as announced on 25 April, 2016).
21 April 2016
Increased cash offer with Partial Share alternative for Darty – Groupe Fnac
Peel Hunt are acting as sole broker to Groupe Fnac S.A on its increased cash offer with a Partial Share Alternative for Darty plc. The increased cash offer of 153 pence in cash for each Darty share values the entire issued and to be issued share capital of Darty at £822 million (as announced on 21 April, 2016).
20 April 2016
Accelerated Book Build Placing of Secondary Shares – Eurocell
Peel Hunt acted as joint book runner on an accelerated book build placing of 4,795,838 existing Ordinary shares in Eurocell PLC on behalf of Mssrs. Patrick Bateman and Matthew Edwards (representing 4.8 % of the issued share capital) at 185 pence per Ordinary Share, as announced on 20 April, 2016.
20 April 2016
Placing – Atlantis Resources
Peel Hunt are acting as NOMAD and joint book runner to Atlantis Resources Limited on its conditional placing of 11,888,460 new ordinary shares at 55 pence per share to raise c.£6.5 m (before expenses), as announced on 20 April, 2016.
19 April 2016
£100 million 6.125% Sterling Bond Issue – Burford Capital
Peel Hunt acted as Joint Lead Manager to Burford Capital PLC (a wholly owned indirect subsidiary of Burford Capital Limited, (“Burford”)) on its successful £100 million of 6.125% sterling bonds due October 26, 2024, guaranteed by Burford, as announced on 19 April, 2016.
13 April 2016
Proud founders of the NED Awards
Last night Peel Hunt with 400 guests celebrated the 10th Anniversary of the Non-Executive Director Awards in the stunning ballroom at Claridges hotel in London.
2016 Winners
FTSE 100 - Sir Peter Gershon CBE, National Grid
Quoted Company – Official List – Andrew Allner, Marshalls
Quoted Company – AIM – Peter Allen, Clinigen
Not-for-Profit / Public Service Organisation – David Croisdale-Appleby OBE, Dementia UK
Unquoted / Private Equity Backed – Helen King, Vanarama
Lifetime Achievement – Sir Win Bischoff
The awards recognise the achievements of Non-Executive Directors within the Business and Not-For-Profit/Public Sector communities.
To see the full winner profiles please click here
13 April 2016
Retail: Wheat from the chaff
The General Retail Sector hit a 10-year high in valuation terms during 2015, but was unable to convert rising disposable income trends into earnings upside. Indeed, forecast expectations continue to fall, with consensus estimates cut by another c5% over the past six months. The de-rating over 2016 YTD provides an attractive entry point for a number of genuine structural growth opportunities and compelling recovery stories. Beyond these, we would continue to avoid the mid-market mature stocks that lack the top-line catalysts to offset the pressures of the Living Wage and online investment.
To request the full note please click here
13 April 2016
Firm Placing and Placing, Open Offer and Offer for Subscription (upsized) – Primary Health Properties
Peel Hunt are acting as Joint book runner and joint Corporate broker to Primary Health Properties PLC on its proposed (upsized) share issue to raise gross proceeds of £150m through the issue of up to 150,000,000 new ordinary shares by way of a Firm Placing and Placing, Open Offer and Offer for Subscription at a price of 100p per New Share as announced on 13 April, 2016.
12 April 2016
Real Estate - A stock picker's market
Yield compression has largely come to an end and the easy days are over. Share prices have fallen to take account of lower expected future returns and high levels of market uncertainty, primarily for London-exposed stocks which have de-rated rapidly. Key concerns include: Brexit, the Business Rate Review, prime London resi sales, the Global economic slowdown and whether Sovereign wealth funds will withdraw from London.
But importantly, the underlying commercial real estate return model is still holding with yields well in excess of debt costs, low gearing levels and companies continue to report decent results and outlooks.
To request the full sector note, please click here
6 April 2016
£50m Tender Offer – Blancco Technology Group
Peel Hunt is acting as NOMAD and joint corporate broker to Blancco Technology Group plc on its proposed return of a maximum of £50m to eligible shareholders by means of a tender offer, as announced on 6 April, 2016.
6 April 2016
Proposed 6.125% Sterling Bond Issue – Burford Capital
Peel Hunt is acting as Joint Lead Manager to Burford Capital PLC (a wholly owned indirect subsidiary of Burford Capital Limited, (“Burford”)) on the proposed issue of 6.125% sterling bonds due October 26, 2024, guaranteed by Burford, as announced on 5 April, 2016.
23 March 2016
New Corporate Client – Watkin Jones
Peel Hunt has been appointed Joint Corporate Broker to Watkin Jones plc, effective 23 March 2016.
Click here to view more details
23 March 2016
Possible Sterling Bond Issue– Burford Capital
Peel Hunt is acting as Joint Lead Manager to Burford Capital PLC (a wholly owned indirect subsidiary of Burford Capital Limited, (“Burford”)) on the possible issue of sterling bonds, guaranteed by Burford, as announced on 23 March, 2016.
22 March 2016
Proposed Firm Placing and Placing, Open Offer and Offer for Subscription – Primary Health Properties
Peel Hunt are acting as Joint book runner and joint Corporate broker to Primary Health Properties PLC on its proposed share issue to raise gross proceeds of up to £120m through the issue of up to 120,000,000 new ordinary shares by way of a Firm Placing and Placing, Open Offer and Offer for Subscription at a price of 100p per New Share (with ability to upsize the issue by up to 25 per cent.), as announced on 22 March, 2016.
22 March 2016
Secured Retail Bond (upsized to £80m) – Alpha Plus Holdings
Peel Hunt is acting as joint lead manager in an upsized £80m issue of 8 year 5% Secured Sterling Retail Bond due 31 March 2024 for Alpha plus Holdings plc, as announced 22 March, 2016.
16 March 2016
Recommended All Share Merger of Vectura Group with Skyepharma
Peel Hunt are acting as Joint Corporate Broker to Vectura Group plc in its Recommended All Share Merger with Skyepharma PLC (to be implemented by way of a Scheme of Arrangement of Skyepharma PLC) which values Skyepharma PLC at approximately £441.3m in aggregate, as announced on 16 March, 2016.
11 March 2016
IPO – Watkin Jones
Peel Hunt is acting as Joint Bookrunner and Joint Corporate Broker to Watkin Jones Limited on its proposed IPO, as announced on 11 March, 2016.
10 March 2016
Launch of secured retail bond – Alpha Plus Holdings Plc
Peel Hunt is acting as Joint Lead Manager alongside Canaccord Genuity in the proposed issue of 5% sterling bonds due 2024, secured over a portfolio of real estate and other assets of Alpha Plus Holdings plc.
Further information and the full list of Authorised Distributors can be found at http://www.alphaplusgroup-retailbond.co.uk/
Alpha Plus currently owns and operates 18 high quality independent schools, nurseries and sixth form colleges throughout the UK.
29 February 2016
Investment Companies: Unlocking Value
Value has underperformed both growth and quality style factors far longer than most market participants would have anticipated. This note examines the history of value as a style, the recent sources of underperformance, the various investment approaches and the potential for a significant rebalancing. The note considers 11 investment companies including 9 initiations of coverage. To view the full note please click here
28 February 2016
2016 Non-Executive Director Awards Shortlist
The shortlist for the Non-Executive Director Awards has been officially announced in the Sunday Times. To view the full shortlist, please click here.
The Non-Executive Director Awards, now in their tenth year, recognise the achievements of non-executive directors within the business and not-for-profit community.
23 February 2016
Technology Sector Note: Today's World
In our technology sector report, ‘Today’s World’ we look at how technology interlinks and what the future holds. The note looks at three key themes, namely: (1) mobile devices; (2) cloud-based platforms; and (3) the IoT (the Internet of Things) and Big Data.
We conclude that cloud represents the biggest disruption today. It changes the way companies consume and pay to access technology and, more importantly, the way they tackle business problems. We see mobile as a long-term structural trend, which has driven us to where we are today, and view the IoT and Big Data as being at the early stage of their cycles, with exponential growth expected over the next 5-10 years. To view the full note please click here
22 February 2016
Top ideas in volatile times
The Financials & Insurance team have extended their usual valuation datasheet to incorporate their top picks in the sector. Since the turn of the year, volatility has increased and there is little clear direction in major equity indices, despite a relatively benign economic backdrop. Therefore the team continue to favour those stocks that can deliver regardless of the market backdrop. To request the full note please click here
16 February 2016
New Corporate Client – Circle Property
Peel Hunt has been appointed as NOMAD and sole Corporate Broker to Circle Property PLC following its successful admission to trading on AiM, as announced 16th February, 2016.
16 February 2016
Placing via Accelerated Book Build – Redefine International
Peel Hunt is acting as Sponsor, Joint Book Runner and Joint Corporate Broker to Redefine International P.L.C on its proposed placing of up to 375,000,000 new Ordinary shares to raise up to £100m (with ability to upscale to £150m) via an Accelerated Book Build (to finance Tranche 2 of the transformational acquisition of the AUK Portfolio), as announced on 16 February, 2016
11 February 2016
Media Sector note: Weathering the storm
After four years of sector outperformance, could life get tougher for Media in 2016? The weighting of so-called ‘structural growth stories’ in Media is higher than ever. However, business and consumer confidence appear to be waning, which is not helpful for a service sector. FY16 EPS momentum across the Media sector has been negative. We assess how Media investors should navigate choppy waters.
To request the full sector note please click here
11 February 2016
New Corporate Client – Dairy Crest Group
Peel Hunt has been appointed as joint corporate broker to Dairy Crest Group plc, as announced on 11 February, 2016
8 February 2016
Peel Hunt strengthens Healthcare & Life Sciences Research Team
Peel Hunt are pleased to announce the appointment of Amy Walker and Michal Cabadaj as equity research analysts in its Healthcare & Life Sciences team.
Amy and Michal are the latest recruits to Peel Hunt’s growing healthcare team, following the appointment of Tom Burt and Catherine Isted to corporate and specialist sales in September 2015.
Amy Walker has joined from Morgan Stanley where she worked for over five years, most recently as a Director of EU pharmaceuticals research. Prior to this, she led coverage of key chemical and agrochemical stocks at Credit Suisse Securities, having qualified with a First Class degree in Engineering.
Michal Cabadaj, who will officially begin his new role at Peel Hunt later this month, will be joining the Company from finnCap where he worked as an Equity Research Analyst covering UK mid and small caps in their Healthcare and Life Sciences team.
3 February 2016
Issue of C Shares via a Placing, Offer for Subscription and Intermediaries Offer (and Share Issuance Programme) – Miton UK MicroCap Trust
Peel Hunt is acting as Sponsor, Corporate broker, Placing Agent and Intermediaries Offer Adviser to Miton UK MicroCap Trust plc on its proposed issue of up to 250 m new ordinary shares and/ or C shares (Share Issuance Programme) as announced on 2 February, 2016.
1 February 2016
New Corporate Client – McCarthy & Stone
Peel Hunt has been appointed as joint Corporate Broker to McCarthy & Stone plc, as announced on 1st February, 2016
29 January 2016
Peel Hunt announces Senior Management succession plans
We are pleased to announce the next steps in its evolution of Peel Hunt with the appointment of Steven Fine, Managing Partner and Head of Equities at Peel Hunt since 2006, as Chief Executive, with effect from 1 July 2016.
Steven will succeed Simon Hayes, Chief Executive of the company since 2006, who will step up to the role of Chairman of Peel Hunt, with effect from the same date, replacing Darren Carter, who will remain on the Board*.
In 2010, Simon and Steven led the buyout of Peel Hunt from previous owner KBC Group, the major European bank, in a deal worth £74m. Under their leadership, Peel Hunt has since achieved significant growth, increasing its corporate client roster from 37 clients in 2010 with an average market cap of less than £100m to 108 clients today (averaging over £300m; Top 20: £900m). During the same period Peel Hunt has grown staff numbers from 140 to 180, and is today ranked 1st in the industry for its UK Mid & Small Cap Research (Thomson Reuters Extel Survey 2015).
Peel Hunt has been profitable in every year since its inception in 1989 and is on track to generate record revenues in its financial year ending 31st March 2016.
* All management changes are subject to regulatory approval.
28 January 2016
Potential Placing, Waiver of Rule 9 of UK Takeover Code, Related Party Transaction – Redefine International
Peel Hunt is acting as sole Sponsor, joint Bookrunner and joint Corporate Broker to Redefine International P.L.C. in connection with, inter alia, a potential Placing to raise gross proceeds of £100 million, as announced 28 January, 2016.
25 January 2016
Support Services Sector Note: Running the Numbers
Sector earnings expectations in aggregate look soundly based and valuations offer meaningful upside. In this note we update our ‘screens’ to identify investment opportunities, and flag stocks thought most susceptible to earnings revision and/or rating change. The screens comprise of Forecast Dispersion, Earnings Conviction, Momentum Heatmap, Dividend Return Potentials and M&A.
Company updates on over 40 companies. To request the full sector note please click here
22 January 2016
IPO - Circle Property
Peel Hunt is acting as NOMAD, sole book runner and corporate broker to Circle Property plc on its proposed IPO, as announced on 22 January, 2016.
20 January 2016
New Corporate Client – Duke Royalty Limited
Peel Hunt has been appointed as NOMAD and sole Corporate Broker to Duke Royalty Limited, as announced on 19 January, 2016
15 January 2016
Placing via Accelerated Book Build and related acquisition – Curtis Banks Group
Peel Hunt is acting as sole book runner, sole corporate broker and NOMAD to Curtis Banks Group PLC on its proposed placing of 8,437,500 new Ordinary shares at 320p per new Ordinary share to raise £27m via an Accelerated Book build process (to part fund the £45 m acquisition of Suffolk Life Group Limited), as announced on 15 January, 2016.
14 January 2016
IPO - Countryside Properties
Peel Hunt is acting as joint book runner to Countryside Properties plc on its proposed IPO, as announced 14 January, 2016.
11 January 2016
Proposed Capital Raising – Koovs
Peel Hunt is acting as NOMAD, sole Corporate Broker and sole Book runner to Koovs plc in connection with a Placing of 3,000,000 new Ordinary shares with an existing institutional investor which is part of a wider capital raise of 17,800,000 new Ordinary shares (all issued at 25 pence per New ordinary share), as announced 11 January, 2016.
23 December 2015
Accelerated Book Build Placing of Secondary Shares – Park Group
Peel Hunt acted as sole book runner and underwriter to various Trusts connected with Peter Johnson (Non-Executive Chairman of Park Group PLC) on an accelerated placing of 50,210,520 Ordinary shares in Park Group PLC (representing c 27% of the issued share capital) at 65 pence per Ordinary Share, as announced on 22 December, 2015.
15 December 2015
Recommended Offer for Plethora Solutions Holdings plc by Regent Pacific Group
Peel Hunt are acting as Financial Adviser to Regent Pacific Group Limited in a Recommended share-for-share offer for Plethora Solutions Holdings PLC which values the fully diluted share capital of Plethora Solutions Holdings PLC at approximately £114.33m, as announced on 15 December, 2015.
15 December 2015
New Corporate Client – CC Japan Income & Growth
Peel Hunt has been appointed as Financial Adviser and Corporate Broker to CC Japan Income and Growth Trust PLC following its successful IPO debut and Admission to the Premium Segment of the Official LIst of the UK Listing authority and Admission to trading on the Main Market of the London Stock Exchange, as of today, the 15 December, 2015.
10 December 2015
Proposed Placing – NewRiver Retail
Peel Hunt is acting as joint bookrunner to NewRiver Retail Limited on its proposed placing to raise £150 million at 325p per share, as announced on 10 December, 2015.
9 December 2015
Peel Hunt analyst crowned mining analyst of the year
We are very pleased to announce that on 3rd December at the prestigious Hilton Park Lane, one of our mining analysts Michael Stoner was awarded the AMA mining analyst of the year award at the Mining Journal Outstanding Achievement Awards 2015.
8 December 2015
Acquisition and Placing – CentralNic Group
Peel Hunt is acting as joint corporate broker and book runner to CentralNic Group PLC on its proposed AU$33 m acquisition of Instra Group and related conditional firm placing of 25 million new ordinary shares at 40p per new ordinary share to raise £10m (gross), as announced on 8 December, 2015.
7 December 2015
New Corporate Client – RusPetro
Peel Hunt has been appointed (effective from 1 December, 2015) as joint Corporate Broker to RusPetro PLC, as announced on 7 December, 2015.
4 December 2015
£235m Acquisition and £160m Placing and Open Offer – Non-Standard Finance
Peel Hunt is acting as Joint Corporate Broker to Non-Standard Finance plc on its £160 million Placing and Open Offer of new Ordinary shares at 85 pence per New Ordinary Share issued in connection with the proposed £235m acquisition by of Everyday Loans Group, as announced on 4 December, 2015.
26 November 2015
Disposal – Sinclair IS Pharma
Peel Hunt is acting as NOMAD and Corporate Broker to Sinclair IS Pharma plc on its proposed disposal of its non-aesthetics business to Alliance Pharma for a total upfront cash consideration of £132 m plus sales related royalty payments relating to Flammacerium US, as announced on 26 November, 2015.
26 November 2015
Recommended Offer – for Universal Coal by Coal of Africa
Peel Hunt is acting as NOMAD and Corporate Broker to Coal of Africa Limited on its recommended A$126.4 m cash and share offer for Universal Coal plc, as announced on 26 November, 2015.
25 November 2015
Firm Placing, Placing and open Offer and acquisition - NCC Group
Peel Hunt is acting as sole Sponsor, Joint Financial Adviser, sole Underwriter and sole Corporate Broker to NCC Group plc on it’s a €133.25 m acquisition of Fox-IT Holding BV (a leading provider of high end cyber security solutions) and a related fully underwritten £126.3 m (gross) fundraising through a Firm Placing (£63.1 m gross) and Placing and Open Offer (£63.2 m gross) at 275 pence per New ordinary shares, as announced on 24th November, 2015.
18 November 2015
Proposed Acquisition, Placing, Broker Option, Rule 9 Waiver and Share Restructuring – Ixico
Peel Hunt is acting as NOMAD and Corporate Broker to Ixico plc on its proposed acquisition of Optimal Medicine, the conditional placing of 8,852,459 Placing Shares at 30.5 pence per share (with a Broker Option of up to a further additional 327,868 shares at 30.5 pence per share), a proposed Rule 9 waiver and a proposed share restructuring (sub-division and re-designation of each Existing Ordinary Share into one Ordinary Share of 1 pence and one Deferred Share of 49 pence), as announced on 18 November, 2015.
18 November 2015
Acquisition and Placing– Breedon Aggregates
Peel Hunt is acting as joint broker to Breedon Aggregates Limited on its £336m conditional acquisition of Hope Construction Materials Limited and as joint book runner to the conditional placing of 78,782,825 new Ordinary Shares at 51.79 pence per share to raise gross proceeds of £41m, as announced on 18 November, 2015.
11 November 2015
IPO – McCarthy & Stone
Peel Hunt acted as Co-lead Manager to McCarthy & Stone plc on its £967m IPO, with admission to the premium listing segment of the Official List of the FCA and to trading on the London Stock Exchange’s main market for listed securities effective from today, as announced on 11 November, 2015.
9 November 2015
IPO – CC Japan Income & Growth Trust
Peel Hunt is acting as sole Sponsor, Broker, Placing Agent and Intermediaries Offer Adviser to CC Japan Income & Growth Trust plc on its proposed £200m IPO and proposed admission of its ordinary shares to the Premium Segment of the Official List of the UK Listing Authority and to trading on the Main Market of the London Stock Exchange, as announced on 9 November, 2015.
9 November 2015
IPO – The Gym Group
Peel Hunt is acting as Co-Lead Manager to The Gym Group plc on its c.£250m flotation, admission to the Premium Listing Segment of the Official List of the FCA and to trading on the Main Market of the London Stock Exchange, as announced on 9 November, 2015.
6 November 2015
New Corporate Client – Regional REIT
Peel Hunt has been retained as Sponsor, Financial Adviser and Corporate Broker to Regional REIT Limited post the admission of its ordinary shares to the premium listing segment of the Official List of the UK Listing Authority and to trading on the London Stock Exchange’s main market for listed securities, as of 6 November, 2015.
4 November 2015
Possible Offer for Plethora Solutions Holdings plc by Regent Pacific Group
Peel Hunt are acting as Financial Advisers to Regent Pacific Group Limited in a possible all share exchange offer for Plethora Solutions Holdings PLC which values the entire issued ordinary share capital of Plethora Solutions Holdings PLC at approximately £102.9m, as announced on 4 November, 2015.
3 November 2015
Cybersecurity: Come on in
Cybersecurity is still in its relative infancy: risk awareness is increasing but capability needs to rise and approaches broaden as there are no technology silver bullets on the horizon. As we move up the maturity curve, we expect budgets to increase; best-practice to evolve towards detection and response; the vendor landscape to consolidate to offer more intelligent integrated solutions and for businesses to increase outsourcing of cybersecurity to specialists and managed service providers. To request the full research note, please click here
3 November 2015
Placing and Admission to Official List – Regional REIT
Peel Hunt is acting as sole Sponsor, Financial Adviser, Bookrunner and Corporate Broker to Regional REIT Limited on its placing of 80,000,000 secondary shares at £1.00 per share to raise £80m and to apply for admission to the Premium Segment of the Official List of the UK Listing Authority and to trading on the Main Market of the London Stock Exchange of 274,217,264 Ordinary shares (which at the Placing price equates to a market capitalisation of c. £274.2m), as announced 3 November, 2015.
27 October 2015
Placing – Telford Homes
Peel Hunt are acting as joint book runner and joint broker to Telford Homes Plc on its conditional placing of 13,888,889 new Ordinary Shares at 360 pence per share to raise £50m (before expenses), as announced on 27 October, 2015.
27 October 2015
New Corporate Client – City of London Group
Peel Hunt have been appointed as NOMAD and sole corporate broker to City of London Group Plc, on its admission to trading on AiM (effective 19th October, 2015).
19 October 2015
Recognise the achievements of a Non-Executive Director
Nominations for the 2016 Non-Executive Director Awards are now open. If you would like to make a nomination, please click here.
The Non-Executive Director Awards, now in their tenth year, recognise the achievements of non-executive directors within the business and not-for-profit community. Every year we receive hundreds of nominations from those who feel a board member has performed exceptionally well. To make a nomination, please click here.
15 October 2015
IPO – Hastings Group Holdings
Peel Hunt acted as Lead Manager and underwriter to Hastings Group Holdings plc on its £1.1bn IPO, as announced on 15 October, 2015.
14 October 2015
IPO – McCarthy & Stone
Peel Hunt is acting as Co-lead Manager to McCarthy & Stone plc on its proposed IPO, as announced 14 October, 2015.
12 October 2015
New Corporate Client – Polar Capital Holdings
Peel Hunt has been appointed as joint Corporate Broker to Polar Capital Holdings plc, as announced on 12 October, 2015.
12 October 2015
New Corporate Client – Non-Standard Finance
Peel Hunt has been appointed as joint Corporate Broker to Non-Standard Finance plc, as announced on 12 October, 2015.
29 September 2015
Proposed Placing of ordinary shares in Brooks Macdonald Group PLC by Chris Macdonald and Simon Jackson
Peel Hunt is acting as sole book runner on the accelerated book build secondary placing of 572,000 ordinary shares in Brooks Macdonald Group PLC by Chris Macdonald an Simon Jackson, as announced on 29 September, 2015
18 September 2015
New Corporate Client – President Energy
Peel Hunt has been appointed as joint Corporate Broker to President Energy PLC, as announced on 18 September, 2015
15 September 2015
Proposed Placing of ordinary shares in Eurocell PLC by H2 Equity Partners
Peel Hunt is acting as joint bookrunner on the accelerated book build secondary placing of 15,000,000 ordinary shares in Eurocell PLC by Cooperatief H2 Equity Partners Fund IV Holding W.A. at a minimum price of 200p per ordinary share, as announced on 15 September, 2015.
14 September 2015
Peel Hunt strengthens Healthcare & Life Sciences Team
Two new senior hires announced within the Healthcare & Life Sciences team; Dr Tom Burt, as Assistant Director in the corporate team and Catherine Isted as Specialist Sales.
Both will work alongside James Steel, Corporate-Head of Healthcare & Life Sciences, and Oliver Jackson, Corporate Associate, who together advised on the $100m Series C fund raising for CeQur SA, the insulin infusion business, earlier this month; the second largest European med-tech private placement in history.
Dr Tom Burt has joined Peel Hunt from Ares Life Sciences where he worked as an Investment Manager. Prior to this he was an associate at Novo A/S in Denmark and at Piper Jaffray’s European Healthcare Investment Banking division, where he was responsible for transaction management, investment oversight and valuation analysis for both equity capital markets and M&A mandates. Previously Tom worked at GlaxoSmithKline for four years as a research engineer while completing his doctorate in Biochemical Engineering & Bioprocess Leadership.
Catherine Isted, who will officially begin her new role later this month, has a first class honours degree in Chemistry and started her career with Merck Sharp & Dohme in the UK and most recently worked at Nomura Code where she spent nine years working in healthcare specialist sales. Previously, she worked at ABN AMRO, where she was #1 ranked in biotechnology specialist sales and #3 ranked in med tech specialist sales, and at Morgan Stanley as a healthcare and life sciences analyst. Catherine brings extensive sector knowledge to the role as well as significant experience working with many of the largest institutions across Europe and the UK.
7 September 2015
£490m Acquisitions – Redefine International
Peel Hunt is acting as Sponsor, Financial Adviser and joint UK broker to Redefine International PLC on its conditional agreement with the Aegon UK Property Fund (the "Seller") to acquire the AUK Portfolio for an aggregate consideration of £437.2 million (£455.7 million after costs) and, separately, the agreement to acquire Banbury Cross Retail Park from the Seller for a consideration of £52.5 million, as announced on 7 September, 2015.
1 September 2015
Private Placement Series C Financing - Cequr
Peel Hunt acted as sole financial adviser and placement agent to CeQur Sa in connection with its USD100m Series C Financing, as announced 1 September, 2015.
27 August 2015
Placing via Accelerated Book build – Hansteen Holdings
Peel Hunt is acting as sole bookrunner and sole broker to Hansteen Holdings PLC on its proposed placing of new Ordinary shares (representing approximately 5% of the issued share capital) to raise £40m at a minimum price of 110p per share via an Accelerated Book build process, as announced on 27 August, 2015.
20 August 2015
Placing - Atlantis Resources
Peel Hunt is acting as NOMAD and sole broker to Atlantis Resources Limited on its conditional placing of 5,952,380 new Ordinary shares to raise £2.5 m, as announced on 20th August, 2015.
18 August 2015
Exclusive deal with CIBC to extend Peel Hunt's reach into Canada
Peel Hunt have agreed to an exclusive distribution agreement to promote its research in Canada through CIBC, one of the five major Canadian banks.
As global investment practices have evolved, Canadian institutional investors are increasingly looking for more international exposure, which has caused a spike in demand for non-Canadian investment opportunities. During 2015 this has been demonstrated by a significant increase in Canadian corporate deal flow in the UK.
Peel Hunt, which already promotes its corporate clients and research in the US via its New York office, welcomes the agreement and has committed to sending a number of its highly regarded analysts to Canada over the coming year to extend its Canadian corporate roadshow capabilities.
17 August 2015
New Corporate Client – Quindell
Peel Hunt has been appointed as NOMAD and Corporate Broker to Quindell Plc, as announced on 17 August, 2015
21 July 2015
New Corporate Client – Pinewood Group
Peel Hunt has been appointed as joint Corporate Broker (and as NOMAD with effect from 10th October, 2015) to Pinewood Group plc, as announced on 21 July, 2105.
16 July 2015
ZincOx Resources
Peel Hunt is acting as NOMAD and Joint Broker to ZincOx Resources plc on its conditional placing of approximately 16.1m new Ordinary Shares to raise proceeds of c. £ 2.1m before expenses and an Open Offer to raise up to approximately £1.1m before expenses, as announced on 16 July, 2015.
16 July 2015
Proposals to issue New Share Capital, Transfer Trading to AIM and Amend Investment Policy – City of London Group
Peel Hunt is acting as Sponsor to City of London Group PLC on its proposals to issue new share capital, transfer trading to AIM and Amend its Investment Policy, as announced on 16 July, 2015.
15 July 2015
Placing – Tower Resources
Peel Hunt is acting as NOMAD, joint book runner and joint broker to Tower Resources on its conditional placing of 2,904,989,747 Ordinary shares to raise net proceeds of c.£5.2m, as announced on 15 July, 2015.
3 July 2015
New Corporate Client – Kiadis Pharma
Peel Hunt has been appointed as sole UK Corporate Broker to Kiadis Pharma N.V, with effect from 3 July, 2015.
1 July 2015
IPO - Kiadis Pharma
Peel Hunt acted as Co-Manager and underwriter to Kiadis Pharma N.V. on its €164.4m IPO and listing on Euronext Amsterdam and Euronext Brussels, as announced on 1 July 2015.
22 June 2015
Recommended Cash Offer - Thorntons
Peel Hunt is acting as broker to Ferrero International S.A. on its Recommended Cash Offer (made by Ferholding UK Ltd, a wholly owned subsidiary of Ferrero International S.A) for Thorntons PLC at a price of 145 pence in cash for each Thornton share which values the fully diluted share capital of Thorntons PLC at c. £111.9m, as announced on 22nd June, 2015.
19 June 2015
IPO – Puretech Health
Peel Hunt is acting as joint bookrunner and joint underwriter to PureTech Health plc which has today (19th June, 2015) announced the successful pricing of its IPO at 160p per share which, on admission, provides a total market capitalisation of c. £363.3m (assuming no exercise of the Over-allotment Option). The Offer will raise gross proceeds of $171m. Admission to the premium listing segment of the Official List and to trading on the main market for listed securities of the London Stock Exchange, and the commencement of unconditional dealings, are expected to take place at 8:00 am on 24th June, 2015.
19 June 2015
Proposed Placing – NewRiver Retail
Peel Hunt are acting as joint bookrunner to NewRiver Retail Limited on its proposed placing to raise £150 million at 300p per share, as announced on 19th June, 2015.
18 June 2015
Investing for Income
The inaugural note from Peel Hunt’s Investment Companies team discusses the ever-popular subject of income from investment companies. Yield substitution has been an important factor in supporting the equity rally in recent years with around £160bn of flows into yield-focused equity strategies since 2012 (with around £64bn experienced in 2014). The note focuses specifically on equity income from a broad range of regions, styles, dividend yields, dividend growth profiles and total returns. We initiate coverage on 15 investment companies. To view the full note, please click here
16 June 2015
Placing – DP Poland
Peel Hunt is acting as NOMAD and sole broker to DP Poland plc on its conditional placing of 34,810,126 new Ordinary shares to raise c. £5.5 m, as announced on 16 June, 2015.
15 June 2015
New Corporate Client – Coal of Africa
Peel Hunt has been appointed as NOMAD and joint Corporate broker to Coal of Africa Ltd, as announced on 15 June, 2015
8 June 2015
Peel Hunt ranked top with UK Institutions
The 2015 Extel Research survey has been released, with Peel Hunt research analysts ranked first, and the firm registering more analysts either in the top three or top five of their sectors than any other house. Peel Hunt analysts ranked first in Construction (Clyde Lewis rising five places), Consumer Goods (team rising one place) and Strategy (Ian Williams maintaining his first position), and retained their top two status in Financials and Real Estate. Fifteen Peel Hunt research analysts were ranked in the top five in their sectors. Overall, Peel Hunt was first in the Leading Pan-European Brokerage Firm (UK Small & Mid Caps) ranking with UK institutions.
5 June 2015
Private Placement – Sirius Real Estate Limited
Peel Hunt is acting as UK book runner and NOMAD to Sirius Real Estate Limited on its proposed raising of up to €50m by a private placement of new ordinary shares, as announced on 4 June, 2015.
5 June 2015
IPO - NextEnergy European Solar Utility
Peel Hunt is acting as Joint Lead Manager to NextEnergy European Solar utility PLC on its proposed IPO.
2 June 2015
UK Estate Agents: Fee Fear
The decisive result in the General Election has provided a welcome fillip for the UK estate agents. Uncertainty surrounding mansion tax, controls on rents and the banning of tenant fees has dissipated and comparatives are set to ease in the second half of 2015. While the near term news is positive and the listed players have diversified into areas with more stable revenue streams, we believe the sector faces longer term headwinds. It is still largely exposed to the highly cyclical nature of housing transactions and the growth of fixed price online estate agents is likely to lead to downward pressure, possibly significant, on industry fees and profits.
To view the full sector note, please click here
22 May 2015
Technology Sector Note: Build and Bye
M&A is the product of the dramatically changing technology landscape and a key driver of UK-listed tech company performance. There are plenty of opportunities to continue to capitalise on the developing strategic value of companies in the sector and M&A upside risks remain. However, the one-way traffic as companies exit the market without being replaced is a cause for concern, reducing UK fund managers’ exposure to mega-trends and revealing a broken capital cycle.
In this sector note, the structural drivers of M&A are highlighted, along with the strategic value shifts under way in many UK listed companies and key recommendations. To view the full sector note please click here
20 May 2015
New Corporate Client – KCOM Group
Peel Hunt has been appointed as joint Financial Adviser and joint Corporate Broker to KCOM Group PLC, as announced on 20 May, 2015
15 May 2015
Acquisitions, Placing and Open Offer – Circassia Pharmaceuticals
Peel Hunt is acting as joint book runner, joint underwriter and joint broker to Circassia Pharmaceuticals Plc on its £275m Placing and Open Offer of 95,469,537 new ordinary shares to fully fund the acquisitions of both Aerocrine AB (a Swedish listed company) for c. £135m in cash and, separately, the acquisition of Prosonix Limited (a UK company) for up to £100m in cash, as announced 15 May, 2015.
12 May 2015
Peel Hunt Analysts rank top 2 in StarMine Analyst Awards
The Thomson Reuters StarMine Analyst Awards recognise the world's top sell-side analysts by measuring analysts performance based on the industry excess returns of their buy/sell recommendation and the accuracy of their earnings estimates. The 2015 awards recognise the analysts who have shown outstanding performance either as stock pickers and/or earnings estimators during the fiscal period that reported between April 1 2014 and March 31 2015.
Three Peel Hunt analysts ranked top 2 for the Top Earnings Estimator for United Kingdom and Ireland.
#2 Paul Cuddon for HealthCare
#2 Kate Renn for Real Estate
#2 Alex Jarvis for Technology Equipment & Services
Alex Jarvis also came 3rd for Top Earnings Estimator in Europe for Software & Internet Services. To view all the winners please click here
7 May 2015
Peel Hunt expands its research offering further
Peter Mallin-Jones and Andreas van Embden have joined the company as research analysts with immediate effect. Peter Mallin-Jones joins the Mining sector and Andreas van Embden has joined the Insurance Team.
Peter Mallin-Jones joins Peel Hunt with 15 years of broking experience with both Goldman Sachs and latterly Canaccord Genuity. He was an Equity Analyst at Goldman Sachs in London for over a decade, where he held the role of Head of European Metals and Mining for his last seven years. Peter has covered a wide range of metals and mining companies over that time from bulk commodities, base and precious metals through to specialty steel manufacturers.
Peel Hunt’s Insurance Team will be strengthened by the arrival of Andreas van Embden from J.P. Morgan Cazenove, where he was a Senior Analyst covering UK/European Life & Non-Life Insurers.. In his previous role, Andreas provided lead coverage of blue-chip clients including RSA, Admiral, AXA and Swiss Re. He has also worked on IPOs including SAGA and esure. Prior to this, Andreas worked in the Equity Research Team at MeesPierson covering banks and insurers.
7 May 2015
London Stock Exchange Welcomed Curtis Banks to AIM
Self-invested personal pension (SIPP) provider Curtis Banks has floated on the AIM stock exchange with a market capitalisation of £85m.
To view more details, please click here.
30 April 2015
IPO – Miton UK MicroCap Trust
Peel Hunt is acting as Sponsor, Broker, Placing Agent and Intermediaries Offer adviser to Miton UK MicroCap Trust plc which was admitted to the premium segment of the Official List and to trading on the main market of the London Stock Exchange as of today, 30 April, 2015.
24 April 2015
Acquisition & Vendor Placing – Clinigen Group
Peel Hunt acted as book runner and corporate broker to Clinigen Group plc on the vendor placing of 27,000,000 New Ordinary shares raising gross proceeds of £135m to part finance the £225m acquisition of Idis Group Holdings Limited, as announced on 24 April, 2015.
17 April 2015
Non-Executive Director Awards Winners are announced
Last night over 350 guests attended the Non-Executive Director Awards cermony at the stunning Claridges hotel in London, hosted by Peel Hunt. The awards recognise the achievements of Non-Executive Directors within the Business and Not-For-Profit/Public Sector communities.
The winners are - FTSE 100 - John McFarlane, Aviva; Not-for-Profit / Public Service Organisation- Lady Barbara Judge CBE, Pension Protection Fund; Quoted – AIM- Tim Mason, Bonmarché; Quoted – Official List - John Hughes, Spectris; Unquoted / Private Equity Backed - Antonia Jenkinson, Ocean Safety; Lifetime Achievement – Sir John Parker.
To see the full winner profiles please click here
15 April 2015
Placing – Charles Stanley
Peel Hunt is acting as joint broker and joint placing agent to Charles Stanley Group PLC on its conditional placing of 4,596,000 new ordinary shares to raise c. £15.8 m, as announced on 15 April, 2015.
14 April 2015
The importance of Non-Executive Directors
The Non-Executive Director Awards is fast approaching and the sponsors have written articles relating to NEDs. Articles range from talking about the honourable NED to how boards should deal with the activist investor?
Sponsors include Alvarez & Marsal, BDO, Cranfield University, Heidrick & Struggles, Nabarro, NEDA and Standard Life Investments.
To view the articles please click here
14 April 2015
New Corporate Client - Eurocell
Peel Hunt has been appointed joint Corporate Broker to Eurocell plc, as announced on 14 April, 2015.
13 April 2015
Proposed Placing and Open Offer – Sphere Medical Holding
Peel Hunt are acting as NOMAD and joint book runner to Sphere Medical Holding plc on its proposed placing of c. 75m New ordinary shares and its 1 for 8 Open Offer of 7,425,661 new ordinary shares, as announced on 13 April, 2015.
8 April 2015
Peel Hunt Strengthens Research Team
Peel Hunt is pleased to announce that Jonathan Pritchard and Anthony Leatham have joined the Company with immediate effect. Jonathan Pritchard joins the Research team as a Retail analyst and Anthony Leatham has been appointed as Head of Investment Companies Research to help build Peel Hunt’s Investment Companies offering.
Jonathan Pritchard joins Peel Hunt with over twenty two years of experience in research as a UK and European Retail Analyst. He has been a Retail Analyst at Stifel since 2005, covering a range of food and clothing retailers. Prior to this, Jonathan spent a number of years focusing on food retailers. He started in 1993 at UBS Phillips and Drew as UK Food Retail Analyst, before joining Morgan Stanley in 1998 as Pan Euro Food Retails Analyst and then another two years at UBS Securities as Head of UK Food Retail.
Anthony Leatham has joined Peel Hunt from Investec Wealth & Investment to help build its growing Investment Companies arm. Anthony has been at Investec for ten years, working for the last 8 years in the Funds Research team, with responsibility including global and US Equity open and closed ended funds. He also contributed to the funds portfolio construction and risk management in his role at Investec Wealth & Investment. Prior to this Anthony was a regulatory consultant at Deloitte, a position he held for five years, giving advisory services to a range of asset managers and investment banks.
Anthony increases the resourcing of the Investment Companies team, which includes Mark Thompson (Head of Investment Company Sales), Luke Simpson (Corporate) and David Kininmonth and Ben Hammond (Market Making).
Peel Hunt’s Investment Companies team will offer its clients a differentiated research, sales and trading service, and a bespoke corporate broking advisory service.
2 April 2015
New Corporate Client – Silence Therapeutics
Peel Hunt has been appointed joint Corporate Broker to Silence Therapeutics plc, as announced on 2 April, 2015.
2 April 2015
Placing – Silence Therapeutics
Peel Hunt is acting as joint book runner and joint broker to Silence Therapeutics in its conditional fundraising of c.£40m by way of a placing and a brokers option, as announced on 2 April, 2015.
30 March 2015
Intention to Float – Miton UK MicroCap Trust
Peel Hunt is acting as sole sponsor, broker, placing agent and intermediaries offer adviser to Miton UK MicroCap Trust plc on its intention to raise £100m and to apply for admission to the Premium Segment of the Official List of the UK Listing Authority and to trading on the Main Market of the London Stock Exchange, as announced 30 March, 2015.
27 March 2015
Accelerated Book build Placing of Secondary Shares – Abcam
Peel Hunt acted as joint book runner to Jonathan Milner and certain Trusts on their accelerated placing of 4.63m Abcam shares at 465p per Ordinary Shares to raise £21.5 m, as announced on 27 March, 2015.
27 March 2015
New Corporate Client – NewRiver Retail
Peel Hunt has been appointed joint Corporate Broker to NewRiver Retail Limited, as announced on 27 March, 2015.
25 March 2015
New Corporate Client – Anglo Pacific Group
Peel Hunt has been appointed as joint Corporate Broker to Anglo Pacific Group PLC, as announced on 25 March, 2015.
24 March 2015
Recommended Acquisition of Accumuli plc by NCC Group
Peel Hunt are acting as sponsor, joint financial adviser and corporate broker to NCC Group PLC on its £55m Recommended Acquisition of Accumuli PLC be means of a Scheme of Arrangement, as announced on 24 March, 2015.
23 March 2015
New Corporate Client – RM
Peel Hunt has been appointed as joint Corporate Broker to RM PLC, as announced on 23 March, 2015.
23 March 2015
New Corporate Client – Lakehouse
Peel Hunt has been appointed as Financial Adviser and Corporate Broker to Lakehouse plc, with effect from 23 March, 2015.
18 March 2015
IPO Offer Price – Lakehouse
Peel Hunt is acting as sponsor, financial adviser, sole book runner and broker to Lakehouse plc which has today announced the successful pricing of its IPO at 89p per share which, on Admission, provides a total market capitalisation of c £140.2m. The Offer will raise gross proceeds of c. £60m. Admission to the premium listing segment of the Official List and to trading on the main market of the London Stock Exchange are expected to take place at 8:00am on 23 March 2015.
18 March 2015
Rights Issue – Charles Taylor
Peel Hunt are acting as sole sponsor, sole book runner, sole corporate broker and sole underwriter to Charles Taylor PLC on its 3 for 7 fully underwritten rights issue of c. 19.7m new ordinary shares to raise gross proceeds of c. £30.6m, as announced on 18 March, 2015.
17 March 2015
New Corporate Client – Regenersis
Peel Hunt has been appointed as joint Corporate Broker to Regenersis PLC, as announced on 17 March, 2015.
6 March 2015
Placing – Electrical Geodesics
Peel Hunt are acting as NOMAD and Corporate Broker to Electrical Geodesics, Inc on its proposed placing of 3,076,923 new Common shares, as announced on 6 March, 2015.
5 March 2015
IPO - Eurocell
Peel Hunt is acting as Co-Lead Manager to Eurocell on its £175m fundraising.
27 February 2015
Recommended Cash Offer by Nikon Corporation for Optos
Peel Hunt are acting as Corporate Broker and joint Financial Adviser to Optos PLC on its Recommended Cash Offer by Nikon Corporation, as announced on 27 February, 2015.
27 February 2015
Placing – Plant Impact
Peel Hunt are acting as NOMAD and Corporate Broker to Plant Impact PLC on its proposed placing of 15m new ordinary shares, as announced on 27 February, 2015.
27 February 2015
Placing via Accelerated Book Build Process – Redefine International
Peel Hunt is acting as joint UK Bookrunner and joint broker to Redefine International PLC in its proposed placing of up to 131,414,138 new Ordinary shares (representing 9.9% of the issued share capital) via an Accelerated Book build process, as announced on 27 February, 2015.
26 February 2015
New Corporate Client – CentralNic Group
Peel Hunt has been appointed as joint Corporate Broker to CentralNic Group PLC, as announced on 26 February, 2015.
18 February 2015
Accelerated Book build Placing of Secondary Shares – Rank Group
Peel Hunt acted as sole book runner to GuoLine Overseas Limited on its accelerated placing of 50m Rank shares at 185p per Ordinary share to raise £92.5m, as announced on 18 February, 2015.
5 February 2015
IPO – Non-Standard Finance
Peel Hunt is acting as Lead Manager to Non-Standard Finance plc on its c. £100m flotation, admission to the Standard Listing Segment of the Official List of the UK Listing Authority and Admission to trading on the main market of the London Stock Exchange, as announced on 5 February, 2015.
4 February 2015
New Corporate Client
Peel Hunt have been appointed as Retail Corporate Broker to Siemens AG with immediate effect.
29 January 2015
Peel Hunt Voted Broker of the Year
Peel Hunt is delighted to announce that it was last night awarded Broker of the Year at the 11th Grant Thornton Quoted Company Awards, held at the Natural History Museum in London on 28 January 2015.
Peel Hunt went up against 9 others brokers including Numis, N+1 Singer, finnCap and Shore Capital in the category of Broker of the Year. The award was voted for by the audience of 700 AiM and FTSE 350 company management teams, financial journalists, entrepreneurs, and the advisors to and investors in the small - mid cap sector. The shortlist had been determined by a survey undertaken among the chief executives of listed companies.
To view the full shortlist please click here
21 January 2015
Result of Accelerated Book Build placing: Upsized - Amara Mining
Peel Hunt acted as NOMAD, joint broker and joint bookrunner to Amara Mining plc on its upsized placing to raise c. £14.6m, as announced on 21 January, 2015.
20 January 2015
Proposed Placing by way of an Accelerated Book Build - Amara Mining
Peel Hunt is acting as NOMAD, joint broker and joint bookrunner to Amara Mining plc on its proposed placing to raise c. £13.2m, as announced on 20 January, 2015.
19 January 2015
New Corporate Client – Marshalls
Peel Hunt has been appointed as joint Corporate Broker to Marshalls plc, as announced on 19 January, 2015.
8 January 2015
New Corporate Client – Crawshaw Group
Peel Hunt has been appointed as NOMAD and Corporate Broker to Crawshaw Group plc, as announced on 8 January, 2015.
1 December 2014
New Corporate Client – Optos
Peel Hunt has been appointed as joint Financial Adviser and joint Corporate Broker to Optos plc, as announced on 1 December, 2014.
28 November 2014
Placing – Sirius Real Estate
Peel Hunt are acting as NOMAD and Corporate Broker to Sirius Real Estate Limited on its placing of 105.26m new ordinary shares to raise €40m, as announced on 28 November, 2014.
28 November 2014
Bond Programme – Brack Capital Real Estate Investments
Peel Hunt is acting as Arranger on the establishment of a US$60m programme for the issuance of bonds on behalf of Brack Capital Real Estate Investments N.V, as announced on 28 November, 2014.
27 November 2014
Acquisition - RS Platou AS
Peel Hunt are acting as sole financial adviser to RS Platou ASA on its proposed £281.2m acquisition by Clarkson PLC, as announced on 25 November, 2014.
24 November 2014
Intended Offer – Sound Oil
Peel Hunt are acting as Financial Adviser and Corporate Broker to Sound Oil plc on its intended offer for Antrim Energy Inc, as announced on 24 November, 2014.
24 November 2014
Unintended Consequences- The impact of the UK equity market of proposed research payment changes in MiFID II
A survey commissioned by Peel Hunt, in partnership with Extel, reveals the unintended negative impact the proposed research payment changes within MiFID II will have on the UK Equity market.
85% of buy-side respondents fear a decrease in the number of analysts publishing on Small & Mid Cap companies. 74% believing the proposals will adversely hit liquidity of Small & Mid Cap stocks.
The survey consolidates significant representation of industry views and a clear illustration of the strength of feeling held by the asset management industry. The 161 professionals at the 137 asset management firms represent over £1.7 trillion of AUM; whilst the 69 quoted companies surveyed have a combined market cap of £1.6 trillion combined market capitalisation.
Steven Fine, Managing Partner, Peel Hunt commented: “The results of this survey highlight the serious concerns held by the companies and the investors over the unintended consequences these regulatory proposals are likely to have on UK Small & Mid Cap companies, investors, asset managers and brokers.”
“It is not an exaggeration to say that corporate boardrooms are largely unfamiliar with the machinations of financial services legislation therefore the impact of a reduction in research coverage and the subsequent knock-on effect on potential capital markets activity will likely be felt too late.”
To view a full copy of the report, please email marketing@peelhunt.com
19 November 2014
New Corporate Client – Carclo
Peel Hunt has been appointed as joint Corporate Broker to Carclo Plc, as announced on 18 November, 2014.
4 November 2014
Placing – Proxama Plc
Peel Hunt acted as NOMAD and Sole Corporate broker to Proxama Plc on its proposed placing of up to 160m new shares to raise up to £4.0 m, as announced on 4th November, 2014.
24 October 2014
Placing - Atlantis Resources Ltd
Peel Hunt acted as sole corporate broker to Atlantis Resources Ltd on its placing of 12,500,000 new shares to raise £5.0m, as announced on 24 October, 2014.
12 October 2014
Nominations are now open for the Non-Executive Director Awards 2015
Past winners, sponsors and judges gathered together for a breakfast at the Houses of Parliament to launch the Non-Executive Director Awards. The Awards, now in their ninth year, recognise the achievements of Non-Executive Directors within the Business and Not-For-Profit/Public Sector communities. The Awards focus on how the advice and experience of Non-Executive Directors can transform organisations and help deliver long-term success and growth. To nominate now, please click here
9 October 2014
Peel Hunt expands Investment Companies Team
Peel Hunt is pleased to announce that Mark Thompson has joined the Company with immediate effect.
Mark joins Peel Hunt as Head of Investment Company Sales. Mark has spent the previous two years at Martin Currie managing its Discretionary Client Sales in London, and prior to that had gained 25 years of experience in Cash Equity Sales and Management in London, New York and Tokyo at Investment Banks including Deutsche Bank and Bank of America Merrill Lynch.
Mark joins the recently established Investment Companies team which also includes David Kininmonth and Ben Hammond (Market Making) and Luke Simpson (Corporate). The team will offer its clients a differentiated research, sales and trading service, and a bespoke corporate broking advisory service.
3 October 2014
Peel Hunt celebrates 25th Anniversary
Peel Hunt hosted their 25th Anniversary party last night at Banking Hall. Over 500 guests were in attendance including founders Charlie Peel and
Christopher Holdsworth Hunt.
Click here to read the City AM article
29 September 2014
Recommended Cash Offer – The Stanley Gibbons Group
Peel Hunt are acting as Financial adviser, NOMAD and Corporate Broker to The Stanley Gibbons Group plc in connection with a Recommended Cash Offer for Mallett plc, as announced on 29 September, 2014.
19 September 2014
Ian King interviews live from the Peel Hunt Trading Floor
Sky News films from the trading floor at Peel Hunt on the day that Scotland votes no to Independence. Ian King interviewed Steven Fine, Managing Partner; Ian Williams, Market Strategist and Alex Carter, Head of Sales for Peel Hunt.
17 September 2014
New Corporate Client – Uranium Energy Corp
Peel Hunt has been appointed as European Financial Adviser and Broker to NYSE listed Uranium Energy Corp, as announced on 17 September, 2014.
15 September 2014
New Corporate Client – Acal
Peel Hunt has been appointed as sole Corporate Broker to Acal PLC, as announced on 15 September, 2014. To view more information, please click here
4 September 2014
Two Peel Hunt winners announced in the 2014 StarMine European Awards
Peel Hunt analysts Alex Jarvis & John Stevenson ranked No1 Top Earnings Estimators for Technology Hardware and Non Food Retail respectively at the StarMine European Awards 2014. This is the twelfth year that StarMine has presented its awards to the top stock analysts and brokerage firms in Europe.
StarMine, a leading provider of objective ratings of sell-side securities analysts, measures the performance of analysts based on the industry excess returns of their buy/sell recommendations and the accuracy of their earnings estimates. The 2014 awards recognise the sell-side analysts who have shown outstanding performance either as stock pickers and/or earnings estimators during the fiscal period that reported between April 1, 2013 and March 31, 2014. To view the full list of winners, click here.
1 September 2014
New Corporate Client – Telford Homes
Peel Hunt has been appointed as joint corporate broker to Telford Homes PLC, as announced on 1 September, 2014.
18 August 2014
New Corporate Client –Trifast
Peel Hunt has been appointed as sole Corporate Broker to Trifast PLC (effective from 1 September, 2014), as announced on 18 August, 2014.
14 August 2014
New Corporate Client – Pan African Resources
Peel Hunt has been appointed as joint corporate broker to Pan African Resources PLC, as announced on 14 August, 2014.
8 August 2014
Placing – Channel Islands Property Fund
Peel Hunt acted as joint corporate broker to Channel Islands Property Fund Ltd on its placing of 41.775m new shares to raise £41.775m, as announced on 8 August, 2014.
25 July 2014
New Corporate Client - Brooks Macdonald
Peel Hunt has been appointed as NOMAD and sole Corporate Broker to Brooks Macdonald Group PLC, as announced on 25 July, 2014.
24 July 2014
Possible Offer – iomart Group
Peel Hunt are acting as Financial adviser, NOMAD and Corporate Broker to iomart Group plc in connection with a possible offer from Host Europe Holdings Ltd (a company controlled by funds managed by Cinven Capital Management (V) General Partner Limited), as announced on 24 July, 2014.
22 July 2014
Convertible Bond Offering – Epistem Holdings
Peel Hunt is acting as NOMAD and sole corporate broker to Epistem Holdings Plc on its $8m Convertible Bond due 2019, as announced on 22 July, 2014.
17 July 2014
Peel Hunt Appoints Head of RCM and Head of UK IPO Origination
Kathy Boate joins Peel Hunt in the newly established role of Head of Retail Capital Markets (RCM). Kathy was previously Head of Investor Access at Edison Group where she was responsible for overseeing all Investor Access revenue streams globally across Edison’s offices. The RCM team is made up of private client specialists, providing strategic advice to corporates on how best to structure, market and distribute primary shares to the UK Retail community by leveraging and combining Peel Hunt’s dominant retail trading platform and counterparty knowledge with its own proprietary electronic distribution platform.
Indy Bhattacharrya has been appointed as Head of UK IPO Origination. Indy brings with him a broad experience with over 16 years of capital raising in equity capital markets across the UK, Europe, and Asia. In addition Indy has had core involvement in some of the largest recent IPOs in the UK, including Glencore, Vallar and Vallares. Indy joins from Credit Suisse where he spent the last 10 years leading a number of equity raises and, for a period, managing the firm’s Asian Syndicate Desk in Hong Kong. The UK IPO origination team at Peel Hunt is responsible for identifying early and building relationships with potential IPO candidates.
Simon Hayes, Chief Executive, Peel Hunt commented:
“Both of these new hires serve to further strengthen and differentiate the offering at Peel Hunt. We are unique in having a dedicated RCM team and we’re delighted to have Kathy on board. Indy is a valuable addition to the team and, having worked on more than 100 capital raises, brings extensive knowledge of capital markets and their constituents with strong connections to investor communities in the UK and abroad.”
16 July 2014
New Corporate Client – Atlantis Resources
Peel Hunt has been appointed as Nomad and sole Corporate Broker to Atlantis Resources Ltd, as announced on 16 July, 2014.
2 July 2014
Peel Hunt associated with 'Man of Steel' - Superman
Peel Hunt are supporting the Royal Marines Charitable Trust Fund, of which Henry Cavill's Clark Kent is an ambassador. Henry posed on the set of Batman V Superman: Dawn of Justice holding the charity challenge t-shirt. To view the full story please click here
30 June 2014
New Corporate Client - Sportech
Peel Hunt has been appointed as joint broker to Sportech PLC (“Sportech”). Sportech is main market listed and has a market cap of c. £188 m (Ticker symbol: SPO.L).
Sportech is a sports gaming and entertainment company and one of the world’s leading pool betting organisations, focusing on highly regulated markets worldwide.
It provides betting technology for football, horseracing and greyhound tracks; andprocesses over $13 bn in bets annually with a presence in 30 countries.
25 June 2014
New Corporate Client - Low & Bonar
Peel Hunt has been appointed as sole Corporate Broker to Low & Bonar PLC (“Low & Bonar”). Low & Bonar is main market listed and has a market cap of c. £265 m (Ticker symbol: LWB.L).
Low & Bonar is a an international performance materials group with leading positions in niche industrial markets. It provides products by engineering polymers using its own technologies to create yarns, fibres, industrial and coated fabrics and composite materials; andsells globally and manufactures in Europe, North America, the Middle East and China.
11 June 2014
IPO - TBC Bank
Peel Hunt acted as IPO syndicate co-manager to JSC TBC Bank on its $238m GDR fundraising, admission to the Official List and trading on the London Stock Exchange, first day of dealings 11 June, 2014.
10 June 2014
New Corporate Client - ECO Animal Health Group
Peel Hunt has been appointed as NOMAD and sole Corporate Broker to ECO Animal Health Group plc, as announced on 10 June, 2014. ECO Animal Health is AIM listed and has a market cap of c£103m (Ticker EAH).
Background information as follows: ECO Animal Health has a strong opportunity for continued growth in the agri-tech space, an area that Peel Hunt increasingly has a specialist interest in; and the business is currently experiencing significant growth in China, Japan and Europe
5 June 2014
Peel Hunt Strengthens Research and Sales Teams
Peel Hunt, the independent full-service broking and advisory house with a focus on UK mid and small caps, is delighted to announce that Alex DeGroote, Gavin Jago, and Jeremy Stone have joined the Company with immediate effect.
The appointment of Alex DeGroote and Gavin Jago to the Peel Hunt team will further bolster the Company’s extensive Research offering. Alex will be joining as a Media Analyst, with over 15 years of sell-side experience in the Media sector. Previously at Panmure Gordon, he has considerable sector knowledge and expertise.
Gavin has joined as an Equity Analyst, working alongside Clyde Lewis and Andrew Nussey covering Building, Merchants & Materials. He is a qualified Chartered Accountant, with eight years of experience as an Analyst at Shore Capital Markets.
Jeremy Stone joins the Sales team at Peel Hunt from Oriel Securities, where he was an integral part of the Institutional Sales team. Jeremy is a senior sales professional with over 28 years’ experience in financial markets. He has a wide industry knowledge base having worked across a range of sectors.
Steven Fine, Managing Partner, Peel Hunt commented on the appointments: “It is great to have Alex, Gavin and Jeremy joining the team at Peel Hunt. These appointments bring a considerable wealth of experience and broad industry knowledge, which complements the existing team and further enhances our capability.”
4 June 2014
Disposal - PuriCore
Peel Hunt is acting as Sponsor, Financial Adviser and Corporate Broker to PuriCore plc on the proposed disposal of its UK Endoscopy business for a cash consideration of $26.9m, as announced on 4 June, 2014.
28 May 2014
IPO – BCRE
Peel Hunt is acting as Financial Adviser and Corporate Broker to Brack Capital Real Estate Investments N.V on its €260.5m flotation, admission to the standard listing segment of the Official List of the UK Listing Authority and admission to trading on the main market of the London Stock Exchange, as announced on 28th May, 2014.
13 May 2014
£75m Convertible Bond offering – Primary Health Properties
Peel Hunt is acting as Co-lead Manager and Corporate Broker to Primary Health Properties PLC on its offering of £75m senior unsecured guaranteed Convertible Bonds due 2019, as announced on 13 May, 2014.
24 April 2014
Acquisition and Placing – GB Group
Peel Hunt is acting as NOMAD, Corporate Broker and sole book runner to GB Group plc on its £20.5m acquisition of DecTech Solutions Pty Ltd and associated conditional placing of 8.0m new Ordinary shares to raise £11.0m, as announced on 24 April 2014.
16 April 2014
Acquisition and Placing – Sinclair IS Pharma
Peel Hunt is acting as NOMAD and sole bookrunner to Sinclair IS Pharma PLC on its US$117m acquisition of Silhouette Lift S.L and an associated placing of 62.5m new Ordinary shares to raise £19.5m (net), as announced on 15 April, 2014.
9 April 2014
Acquisition and Placing – Tower Resources
Peel Hunt is acting as NOMAD, Joint Bookrunner and Joint corporate broker to Tower Resources PLC on its acquisition of Rift Petroleum Holdings Limited and its Placing of 550m new shares to raise £19.3m, as announced on 9 April, 2014.
9 April 2014
Placing - Brammer
Peel Hunt is acting as joint corporate broker to Brammer plc on its placing of c. 11.3 m new shares to raise £53.7 m, as announced on 9 April, 2014.
7 April 2014
Open Offer – ZincOx
Peel Hunt are acting as NOMAD and Corporate Broker to ZincOx Resources plc on its proposed Open Offer to raise up to approximately £4m, as announced on 7 April, 2014.
3 April 2014
Eighth Annual Non-Executive Director Awards: winners announced
The winners of the Non-Executive Director Awards 2014 were announced on Thursday, 3 April 2014 at a ceremony at Claridge’s Hotel.
The Non-Executive Director Awards recognise the achievements of Non-Executive Directors who are contributing daily to the success and growth of businesses and Not-for-Profit organisations across the UK.
The shortlist of nominees was vetted by an eminent panel of judges, chaired by Sir Roger Carr, to select the winning six Non-Executive Directors. Winners included Mike Turner, Babcock International Group; Dr Alice Maynard, Scope and Sir John Buchanan. To view the full list of winners, please click here
1 April 2014
Placing – ZincOx Resources
Peel Hunt is acting as NOMAD and Corporate Broker to ZincOx Resources plc on its conditional placing of approximately 10.3m new ordinary shares to raise £1.03m, as announced on 1 April, 2014.
1 April 2014
Acquisitions and Placing – Rathbones
Peel Hunt is acting as Joint book runner to Rathbone Brothers Plc in connection with a non pre-emptive share placing of approximately 1.343m new ordinary shares to raise £24.4m alongside the £43.1m acquisition of Jupiter Asset Management Limited’s private client and charity investment management business and the £14.3m acquisition of part of the London private client wealth management business of Tilney Investment Management Limited, as announced on 1 April, 2014.
28 March 2014
Acquisition and Placing – Hansteen Holdings
Peel Hunt is acting as Financial adviser and Broker to Hansteen Holdings plc in connection with its £26m acquisition of units in the Ashtenne Industrial Fund and placing of 44.8m new Ordinary Shares to raise £47.1m (representing approximately 7 per cent of the capital of the company), as announced on 28 March, 2014.
21 March 2014
Proposed Placing and Open Offer – Amara Mining
Peel Hunt is acting as NOMAD, joint broker and joint bookrunner to Amara Mining PLC in its proposed placing to raise £18.2m and proposed Open Offer to raise up to £4.2m, as announced on 21 March, 2014.
20 March 2014
New Corporate Client – Shanta Gold
Peel Hunt has been appointed as NOMAD and joint corporate broker to Shanta Gold Limited, as announced on 20 March, 2014. Shanta is AIM listed and has a market cap of c. £69m (Ticker symbol: SHG.L).
Shanta is an East African focused gold producing company. It currently has defined ore resources on the New Luika and Singida projects in Tanzania and holds exploration licences over a number of additional properties. The Company's flagship New Luika Gold Mine commenced production in 2012 and produced 64,000 ounces in 2013.
Click here to view more details
14 March 2014
Acquisition and Fully Underwritten ABB Placing – Vectura
Peel Hunt acted as joint
underwriter and joint book runner
to Vectura Group plc on its
Accelerated Book Build Placing to
raise £52m in association with its
€130m acquisition of Activaero GmbH, as announced on 13 March, 2014.
14 March 2014
IPO – Circassia
Peel Hunt is acting as joint bookrunner to Circassia Pharmaceuticals plc on its £209m fundraising in connection with its flotation, admission to the Official list and first day of dealing expected Tuesday 18 March, 2014).
14 March 2014
Adrian Haxby joins Peel Hunt Corporate Department
Peel Hunt has appointed Adrian Haxby as a Director in its Corporate Department, effective 2 April, 2014. Adrian is as an investment banking professional with over 25 years’ financial advisory and corporate broking experience, the last ten of which have been focussed on the UK mid cap arena.
Prior to joining Peel Hunt, Adrian was head of European Investment Banking at Canaccord Genuity, having previously spent some 27 years at UBS Investment bank (via S.G. Warburg & Co. Ltd and its successor firms) where he was Managing Director Investment Banking, Head of UK Mid-Market Group.
14 March 2014
Underwritten Open Offer – Sound Oil
Peel Hunt is acting as Broker and joint underwriter to Sound Oil plc in its £1.6m Open Offer, as announced on 14 January, 2014.
10 March 2014
Placing - Quadrise
Peel Hunt is acting as sole Broker and book runner to Quadrise Fuels International Plc in its placing of new ordinary shares to raise £10.7 m, as announced on 6 March, 2014.
10 March 2014
10 Mar 2014 IPO – KOOVS
Peel Hunt is acting as sole book runner, NOMAD and broker to Koovs plc on its £22m fundraising in connection with its flotation on Aim (admission and first day of dealing Monday 10 March, 2014).
10 March 2014
New Corporate Client – Central Asia Metals
Peel Hunt has been appointed as NOMAD and joint corporate broker to Central Asia Metals plc, as announced on 10 March, 2014. CAML is AIM listed and has a market cap of c£150m (Ticker symbol: CAML).
CAML is a copper producing company focused on base metals in Central Asia. CAML is in the process of completing transaction to acquire 100% of the Kounrad operation (60% currently) in Kazakstan. CAML already enjoys 100% of the Kounrad cash flows for 2014 as it owns 100% of the plant. At 31 December, CAML had $47.9m of cash. CAML announced a strategic investment in Copper Bay Ltd in Chile in November 2013. CAML acquired a 51% interest for a cash consideration of £2.0m.
24 February 2014
New Corporate Client – Anpario
Peel Hunt has been appointed as NOMAD and sole Corporate Broker to Anpario plc, as announced on 24 February, 2014. Anpario is AIM listed and has a market cap of c. £53m (Ticker symbol: ANP.L).
Anpario is an international producer and distributor of natural feed additives for animal health, hygiene and nutrition. It has an opportunity to become a significant player in the global natural feed additive business, benefiting from structural change in the market. The business is experiencing rapid expansion outside the US/EU in countries such as China and Brazil.
20 February 2014
Placing via Accelerated Book Build Process – Redefine International
Peel Hunt is acting as sole UK Bookrunner and Financial Adviser, and joint broker to Redefine International PLC in its proposed placing of up to 86.64 m new Ordinary shares (representing 7.5% of the issued share capital) via an Accelerated Book build process, as announced on 20 February, 2014.
11 February 2014
New Corporate Client - Plant Impact plc
Peel Hunt has been appointed as NOMAD and sole Corporate Broker to Plant Impact plc (“Plant Impact”). Plant Impact is AIM listed and has a market cap of c£10m (ticker symbol: PIM).
Plant Impact is a leader in plant science innovation. It develops and markets crop enhancement and speciality nutrition products which improve crop yields. It has five commercial products in 15 countries, making significant progress in Brazil specifically.
29 January 2014
Tender Offer – Colefax Group
Peel Hunt are acting as Nominated Advisor and sole Corporate Broker in Colefax’s tender offer to buy back up to £4.4m worth of shares at a premium to the pre-announcement closing market price, as announced on 27January, 2014.
29 January 2014
New Corporate Client – IQE
Peel Hunt has been appointed as joint Corporate Broker to IQE plc, as announced on 29January, 2014. IQE is AiM listed and has a market cap of c. £152m (Ticker symbol: IQE.L).
IQE is a leading global supplier of advanced semiconductor wafer products and services to the semi-conductor industry worldwide with products that cover a diverse range of applications, supported by an innovative outsourced foundry services portfolio that allows the Group to provide a 'one stop shop' for the wafer needs of the world's leading semiconductor manufacturers.
IQE uses advanced crystal growth technology (epitaxy) to manufacture and supply bespoke semiconductor wafers ('epiwafers') to the major chip manufacturing companies, who then use these wafers to make the chips which form the key components of virtually all high technology systems. IQE is unique in being able to supply wafers using all of the leading crystal growth technology platforms. IQE's products are found in many leading-edge consumer, communication, computing and industrial applications, including a complete range of wafer products for the wireless industry, such as mobile handsets and wireless infrastructure, Wi-Fi, base stations, GPS, and satellite communications; and optical communications.
IQE also manufactures advanced optoelectronic and photonic components such as semiconductor lasers, vertical cavity surface emitting lasers (VCSELs) and optical sensors for a wide range of applications including optical fibre communications, optical storage (CD, DVD, BluRay), thermal imaging, leading-edge medical products, pico-projection, finger navigation ultra-high brightness LEDs, and high efficiency concentrated photovoltaic (CPV) solar cells.
IQE also provides bespoke R&D services to deliver customised materials for specific applications and offers specialist technical staff to manufacture to specification either at its own facilities or on the customer's own sites. The Group is also able to leverage its global purchasing volumes to reduce the cost of raw materials. In this way, IQE's outsourced services provide compelling benefits in terms of flexibility and predictability of cost, thereby significantly reducing operating risk.
IQE operates a number of manufacturing and R&D facilities across Europe, Asia and the USA. The Group also delivers its products and services through regional sales offices located in major economic centres.
8 January 2014
New Corporate Client – Mears
Peel Hunt has been appointed as joint Corporate Broker to Mears Group PLC, as announced on 8 January, 2014
20 December 2013
New Corporate Client – Redrow
Peel Hunt has been appointed as joint Corporate Broker to Redrow Plc, as announced on 17 December, 2013.
20 December 2013
Proposed Demerger – Tawa
Peel Hunt is acting as NOMAD and Corporate Broker to Tawa Plc on its proposed demerger of its Risk Carrier Business, as announced on Friday 20 December, 2013.
13 December 2013
Acquisition and Placing – Ashcourt Rowan
Peel Hunt is acting a NOMAD and joint corporate broker to Ashcourt Rowan PLC on its proposed acquisition of UK Wealth Management Limited group of companies and an associated conditional Placing to raise c£15.3m, as announced on 13 December, 2013.
3 December 2013
Placing – Proxama
Peel Hunt is acting as NOMAD and Corporate Broker to Proxama on its proposed £8.6m Placing for Cash as announced on 3 December 2013.
25 November 2013
Future Government flotations should align investment limits with investors’ ISA allocations, WMA and Peel Hunt Survey shows
The private investor’s experience of the Royal Mail flotation last month offers lessons for the forthcoming sales of more Government assets, a survey of the UK’s wealth managers reveals today. Any possible cut-off for private investors, beyond which they receive no shares, should be stipulated in advance and should reflect the annual stocks-and-shares ISA limit for private investors, the survey by the Wealth Management Association and Peel Hunt shows.
As the Government prepares to offer the public shares in the state-supported banks and other assets, the survey of wealth management by the Wealth Management Association and Peel Hunt LLP looked at the significant interest among the UK public for involvement in flotations and the potential for fostering an equity ownership culture in the UK.
Other key findings include: although the flotation process generally went well and public demand for the issue was large, there was frustration that the overall allocation for private investors was not higher; different classes of retail investors (discretionary, advisory and execution-only) were treated differently, so that many retail clients such as trusts and charities were not provided allocations; wealth management firms had to make a trade off between helping to ensure the widest participation and the commercial reality of the cost and time of doing so.
Today’s report follows the publication in May this year of a WMA/Peel Hunt survey which demonstrated the strong belief that active private investor participation could become an integral part of a vibrant and fully functioning UK market. For a hard copy of the report, contact: Luke Simpson
25 November 2013
New Corporate Role - Proxama
Peel Hunt has, in addition to its role as sole Corporate broker, been appointed as NOMAD and Financial Adviser to Proxama Plc with immediate effect.
21 November 2013
£218m Acquisition and Firm Placing and Placing and Open Offer – Telecom Plus
Peel Hunt are acting as Sole Sponsor, Financial Adviser, Broker and Book Runner to Telecom Plus PLC on its proposed acquisition of Electricity Plus Supply Limited and Gas Plus Supply Limited for an aggregate consideration of £218m to be funded from a combination of a Firm Placing and a Placing and open Offer to raise £130m and new Debt Facilities of £100m, as announced on 20 November, 2013.
15 November 2013
Proposed Acquisition of Prime Public Partnerships (Holdings) Ltd – Primary Health Properties
Peel Hunt is acting as Joint financial adviser and joint corporate broker to Primary Health Properties PLC on its proposed £41.1m acquisition of Prime Public Partnerships (Holdings) Ltd, as announced on 15 November, 2013.
12 November 2013
Proposed Equity Subscription, Placing and Open Offer – ZincOx Resources
Peel Hunt is acting as NOMAD and joint Corporate Broker to ZincOx Resources plc on its Proposed Equity Subscription by International Finance Corporation, Placing and Open Offer to raise up to £5.59m as announced on 12 November, 2013.
7 November 2013
Proposed Placing – Toumaz
Peel Hunt is acting as NOMAD and Corporate Broker to Toumaz Limited on its Proposed Placing to raise £17.7m as announced on 7 November 2013.
6 November 2013
Proposed Management Internalisation and UK REIT Conversion - Redefine International P.L.C.
Peel Hunt is acting as Joint sponsor, joint financial adviser and Joint Broker to Redefine International on its proposed Management internalisation (through the acquisition of Redefine International Fund Managers Limited) and UK REIT conversion.
31 October 2013
New Corporate Client – Quadrise Fuels International
Peel Hunt has been appointed sole corporate broker to AIM-listed Quadrise Fuels International PLC, an emerging manufacturer and supplier of emulsion fuels, a low cost alternative to heavy fuel oil, for use in the global shipping, refining and steam and power generation markets.
25 October 2013
New Corporate Client - Novae Group plc
Peel Hunt has been appointed as joint broker to main market-listed Novae Group plc, a specialty insurance group.
22 October 2013
Proposed Placing and Open Offer – Serica Energy plc
Peel Hunt is acting as NOMAD and Joint Corporate Broker to Serica Energy on its Proposed Placing to raise £10.2m and its Open Offer to raise up to £4.1m, as announced on 22nd October, 2013.
21 October 2013
Proposed Placing, Open Offer and Repayment of Debt – HydroDec Group plc
Peel Hunt is acting as NOMAD and Corporate Broker to HydroDec Group on its Proposed Placing to raise £20m, its Open Offer to raise up to £4m and its Debt Repayment of £25.3m, as announced on 21 October, 2013.
9 October 2013
Private Placement – Oxford Nanopore Technologies
Peel Hunt acted as UK Placement Agent in connection with Odey Asset Management’s participation in Oxford Nanopore Technologies’ £40m private placement.
9 October 2013
Equity Investment by Goldman Sachs Merchant Banking Division – Hastings Insurance Group
Peel Hunt acted as joint financial adviser to Hastings Insurance Group (“Hastings”) in respect of an equity investment by Goldman Sachs Merchant Banking Division (“GSMBD”) whereby GSMBD will acquire 50% of the voting share capital in Hastings. The transaction, which remains subject to regulatory approval, implies a net enterprise value for Hastings of approximately £700 m.
9 October 2013
Recommended Cash Acquisition – Abbey Protection plc
Peel Hunt is acting as Financial Adviser to Markel Capital Holdings Limited, a wholly-owned subsidiary of Markel Corporation, in its recommended cash acquisition of Abbey Protection plc, to be effected by way of a Scheme of Arrangement.
The recommended cash acquisition values the entire issued and to be issued share capital of Abbey Protection at approximately £116.5m.
8 October 2013
New Corporate Client - Impax Asset Management
Peel Hunt has been appointed as NOMAD and Corporate Broker to AIM listed Impax Asset Management plc, which provides investment services to funds specialising in the environmental markets.
8 October 2013
New Corporate Client - Proxama
Peel Hunt has been appointed as sole corporate broker to AIM-listed Proxama PLC, a Near Field Communications mobile commerce company.
3 October 2013
Recommended Combination – Desire Petroleum plc
Peel Hunt is acting as sole financial adviser, sole corporate broker and NOMAD to Desire Petroleum, which has recommended an all share offer from Falkland Oil & Gas Limited (to be effected by a Scheme of Arrangement) that values the entire issued share capital of Desire Petroleum at £61m.
1 October 2013
Accelerated Bookbuild Placing – iomart Group plc
Peel Hunt acted as sole broker on the accelerated bookbuild placing of 4,290,909 ordinary shares in iomart Group plc on behalf of various directors. The shares, which represented approximately 4.1 per cent of the issued share capital of iomart, were placed at 275p per share.
1 October 2013
Accelerated Bookbuild Placing – Clinigen
Peel Hunt acted as joint broker on the accelerated bookbuild placing of 8,723,826 ordinary shares in Clinigen Group plc on behalf of various directors and employees. The shares, which represented approximately 10.6 per cent of the issued share capital of Clinigen, were placed at 410p per share.
27 September 2013
New Corporate Client - Allergy Therapeutics plc
Allergy Therapeutics, the fully integrated specialty pharmaceutical company specialising in allergy vaccines, has appointed with immediate effect Peel Hunt LLP as its Nominated Adviser and Broker.
27 September 2013
£40m placing - The Stanley Gibbons Group plc
Peel Hunt is acting as NOMAD and broker to The Stanley Gibbons Group plc on its £40m fundraise, as announced on 26 September 2013, to partially fund the acquisition of Noble Investments (UK) plc and to provide extra working capital post acquisition.
27 September 2013
The Stanley Gibbons Group plc – acquisition of Noble Investments (UK) plc
Peel Hunt is acting as sole financial adviser, NOMAD and broker to The Stanley Gibbons Group plc, on the c£45.7m acquisition of Noble Investments (UK) plc (to be effected by a Scheme of Arrangement)
24 September 2013
Phytopharm plc proposed acquisition of IXICO Limited
Peel Hunt is acting as NOMAD and Broker to Phytopharm on its proposed acquisition of IXICO Limited, as announced on 23 September 2013. IXICO is a leading provider of medical imaging analysis services in the clinical trials market and is expanding into the ‘digital healthcare’ space with products to support dementia diagnosis.
19 September 2013
Recommended Cash Offer – Fiberweb plc
Peel Hunt is acting as joint corporate broker to Fiberweb who have recommended a cash offer from Polymer Group, Inc (to be effected by a Scheme of Arrangement) that values the issued and to be issued ordinary share capital of Fiberweb (on a fully diluted basis) at c£182.5m.
17 September 2013
$2.8m subscription and placing - Mwana Africa plc
Peel Hunt acted as joint broker to Mwana Africa plc on its $2.8m subscription and placing to provide working capital to accelerate the development of its assets.
6 September 2013
New Corporate Client – Clinigen Group plc
Peel Hunt has been appointed as joint Corporate Broker to AIM-listed Clinigen Group plc. Clinigen is a specialty global pharmaceutical company headquartered in the UK, with offices in the US and Japan, and has three operating businesses: Specialty Pharmaceuticals, Clinical Trials Supply, and Global Access Programs.
2 August 2013
02 Aug 2013 €6.5m Shareholder Subscription and Placement – Sirius Real Estate Limited
Peel Hunt is acting as NOMAD and Corporate Broker to Sirius Real Estate on its €6.5m Shareholder Subscription and Placement, as announced on 1 August, 2013.
25 July 2013
New Corporate Client – DDD Group
Peel Hunt has been appointed as NOMAD, Financial Adviser and Corporate Broker to AIM (and OTCQX) listed DDD Group PLC, a 3D solutions company.
25 July 2013
Placing of £9m and Open Offer of up to £4.1m – Tower Resources plc
Peel Hunt is acting as NOMAD and joint Corporate Broker to Tower Resources on its Placing of £9m and Open Offer of up to £4.1m, as announced on 25 July, 2013 .
22 July 2013
Placing and Acquisition – Channel Islands Property Fund
Peel Hunt is acting as joint underwriter and joint corporate broker to Channel Island Property Fund Ltd on its acquisition of 17a-18 Esplanade, Jersey and an £8m Placing of new shares at 100p per share, as announced on 19 July, 2013.
3 July 2013
Acquisition of PSigma Asset Management and Placing – Miton Group
Peel Hunt is acting as NOMAD, Financial Adviser and Corporate Broker to Miton Group on its acquisition of Psigma Asset Management and a £2.3m Placing of new shares, as announced on 2 July, 2013.
2 July 2013
Proposed Collaboration Agreement with Johnson & Johnson and Fundraising – Sphere Medical Holding
Peel Hunt is acting as NOMAD and Corporate Broker to Sphere Medical Holding on its Proposed £5.1m Firm Placing, Proposed £4.2m Open Offer and the Proposed £3.3m Subscription for new shares by Johnson & Johnson, as announced on 28 June 2013.
2 July 2013
New Corporate Client - Ashcourt Rowan
Peel Hunt has been appointed as NOMAD and joint Corporate Broker to AIM-listed Ashcourt Rowan PLC, which provides wealth management and investment management services to a diverse range of private clients, charities, trusts and institutions.
26 June 2013
New Corporate Client – StratMin Global Resources
Peel Hunt has been appointed as NOMAD and sole Corporate Broker to AIM listed StratMin Global Resources Plc, the graphite production and exploration company with assets in Madagascar.
26 June 2013
€100m Convertible Bond offering - Hansteen Holdings
Peel Hunt is acting as co-manager and Corporate Broker to Hansteen Holdings plc on its offering of €100m senior unsecured Convertible Bonds due 2018.
20 June 2013
New Corporate Client - Tower Resources
Peel Hunt has been appointed as NOMAD and joint Corporate Broker to AIM listed Tower Resources Plc, an independent oil E & P company with interests in Africa.
10 June 2013
2013 Thomson Reuters Extel Survey confirms leading position
Peel Hunt has risen to 1st place in the 2013 Thomson Reuters Extel Survey as voted by UK investors and came 2nd overall. We came 1st in Corporate Broking, 2nd in Trading & Execution and 3rd in Sales. We secured top 10 positions in all of our sectors and were ranked 1st in Healthcare & Life Sciences, Consumer Goods, UK Strategy and New Energy.
We achieved top 3 rankings in the Capital Goods, Financials, Media, Real Estate, Support Services and Technology sectors. To see an overview of our Thomson Reuters Extel rankings, please click here.
31 May 2013
New Corporate Client – Serica Energy
Peel Hunt has been appointed as joint corporate broker to ASX and AIM-listed Serica Energy Plc, an independent oil E&P company with interests in the UK, Norway and the Atlantic Margin basins offshore Ireland, Morocco and Namibia.
24 May 2013
Proposed Firm Placing and Placing, Open Offer and Offer for Subscription for up to £60m - Primary Health Properties PLC
Peel Hunt is acting for PHP on its Proposed Firm Placing and Placing, Open Offer and Offer for Subscription to raise up to £60m announced on 22 May, 2013 where shares are being issues at 315 pence per share, representing a discount of 6.3% to the closing price of 336.25 pence per Ordinary Share on 21 May, 2013. PHP has the ability to increase the size of the capital raising to £75m.
21 May 2013
New Corporate Client – Tangiers Petroleum
Peel Hunt has been appointed as joint corporate broker to ASX and AIM listed Tangiers Petroleum Ltd, an independent oil E & P company with interests in Africa and Australia.
15 May 2013
£10.25m Tender Offer by Peel Hunt – Hasgrove plc
Peel Hunt is acting as NOMAD and corporate broker to Hasgrove plc in its proposed cash return of up to £10.25m by tender offer at 82 pence per share and a proposal to cancel its admission to AiM.
14 May 2013
New Corporate Client – Breedon Aggregates
Peel Hunt has been appointed as joint corporate broker to AIM-listed Breedon Aggregates, the largest independent aggregates business in the UK.