Numis at a glance

Latest Transactions
Arrow Global
£563m
Recommended £563m cash offer from Sherwood Acquisitions Limited (a newly formed company owned by investment funds managed by TDR Capital LLP)
March 2021
Fuller Smith and Turner
c.£53.6m Placing
ABB of new ‘A’ Ordinary Shares for Fuller, Smith & Turner Plc, to raise gross proceeds of c.£53.6m (c.20% of issued ‘A’ share capital)
March 2021

Successful defence of a client from hostile possible offers

Numis acted as Sole Financial Adviser & Corporate Broker.

UK Mortgages Limited
Numis advised the UKML Board on responses to several unsolicited, private proposals received from M&G.

After repeated rejections, M&G chose to go public with a hostile possible all-cash offer, which was later increased.

Numis advised the UKML board on sector matters and valuation, the intricacies of the M&A and Takeover Code processes and appropriate response tactics as well as driving the shareholder interaction to source perspectives.

 

The Board put in place a robust defence in the interests of shareholder value and, ultimately, M&G advised the market that it would not proceed to make a firm offer

This represents an excellent example of Numis bringing to bear its M&A expertise, sector knowledge and shareholder connectivity to provide robust advice to a Board in a testing situation.

"The UKML board found the astute M&A advice and sector and shareholder insight provided by Numis to be invaluable as it defended against these unsolicited approaches and hostile possible offers.  The Numis team delivered expertly across multiple disciplines and supported the Board in a highly collegiate and collaborative manner”.

Chris Waldron Chairman, UK Mortgages Limited

Stuart Ord

Managing Director, M&A Advisory

Email Stuart

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