Deutsche Bank seals the deal: Acquires Numis to unveil ‘Deutsche Numis’ in UK investment banking sector

Deutsche Bank AG, a major player in the international banking arena, has triumphantly concluded its acquisition of the prestigious Numis Corporation Plc. With an intent to amalgamate the stellar reputations and strengths of both brands both locally and on a global scale, the merger proudly ushers in ‘Deutsche Numis’. This entity is gearing up to redefine UK investment banking and aspires to become the top advisory for UK-listed corporations.

Transaction Highlights

• Accelerating Global Strategy: This merger seamlessly aligns with Deutsche Bank’s Global Hausbank initiative, solidifying its status as the primary financial service contact for clients. This deal promises an enriched engagement with the UK’s corporate entities.
• Deutsche Numis Offerings: With an impressive portfolio of over 170 corporate broking clients, Deutsche Numis is setting its sights on expanding its client relationships. The services span across advisory, corporate broking, and ECM, encompassing IPOs, research, and sales execution. Additionally, being an integral part of Deutsche Bank Group empowers Deutsche Numis with expansive corporate finance capabilities and a widespread international network.
• Leadership Composition: The helm of Deutsche Numis will see Alex Ham and Ross Mitchinson taking on the roles of Co-CEOs. Their direct reporting will be to Henrik Johnsson, who holds the position of Co-Head of EMEA Investment Banking at Deutsche Bank and will also chair Deutsche Numis. Luke Savage, previously at the forefront of Numis, will retain his Board membership and will actively collaborate with the top-tier leadership.

Industry Insights & Comments

Fabrizio Campelli, at the zenith of Corporate Bank and Investment Bank at Deutsche Bank, articulated his enthusiasm about the merger, underlining the perfect synchrony between Deutsche Bank’s corporate finance business in the UK and Ireland and Numis. He expressed confidence in the potential of Deutsche Numis to fortify its place in the UK’s corporate broking landscape.

Alex Ham and Ross Mitchinson, the Co-CEOs of Deutsche Numis, highlighted the merger’s significance, lauding the legacy of both firms in offering avant-garde financial counsel.

Transaction Backstory

Announced in April 2023, the all-cash transaction sees Numis shareholders entitled to a notable 350 pence/share, placing Numis’s valuation at a whopping £410 million. This move has garnered unanimous support from the Numis Board, with Deutsche Bank securing a firm commitment from Numis’s chief shareholder to endorse the transaction.

Numis At A Glance

With its revered stature in the UK as a leading corporate broking and advisory firm, Numis boasts connections with 166 dedicated corporate broking clients, including a significant 64 clients from the FTSE 350 – an impressive 20% of the index representation.

Ultimate Vision

Both Deutsche Bank and Numis Boards hold a unanimous vision of this merger being a strategic masterstroke, propelling Deutsche Bank’s existing corporate finance ventures in the UK and Ireland. The combined entity promises an unprecedented presence in UK investment banking, aiming to commandeer various segments such as corporate broking, strategic advisory, equity, and debt capital markets, and much more. The broader objective remains to fully harness Deutsche Bank’s vast product offering across the Corporate Bank and International Private Bank arenas.