Numis Acts as Joint Financial Advisor and Joint Broker to St. Modwen in 1.3bn Buy-Out by Blackstone.
The final offer price was 560p per share in cash, a 21.1% premium to net asset value and a 38.3% premium to the three-month VWAP.
Numis played an important role as Joint Financial Advisor and Joint Broker from the first approach through to completion, providing input on value, tactics and shareholder engagement to achieve shareholder value.
“Numis knows St Modwen and our shareholders very well, having supported us over the years. Their deep understanding of our company was invaluable in their role as joint financial advisor on the transaction.”
"With its strong pipeline and operating platform in Logistics and Housebuilding, St. Modwen was able to consider the offer from a position of strength.”
The largest corporate broker in the UK by number of listed clients
Capital raising specialists in services including IPOs, equity issuance and block trades
Providing M&A expertise through a full suite of bespoke advice and solutions
Expert debt advice focused on robust and efficient corporate solutions
Drawing from our experience to deliver strong outcomes at IPO
Enabling the world’s most ambitious private companies achieve their ambitions
We are the leading provider of in-depth, high quality research on UK listed companies
The largest, most experienced Sales Trading and Trading teams covering UK equities
Proactive advice combining in-depth research, distribution and execution