Numis is acquired by Deutsche Bank


Deutsche Bank has announced that it has agreed to the parameters of a recommended all-cash offer for Numis Corporation Plc.

Numis is a significant UK corporate broking and advisory firm that offers strategic advice and capital market access to 166 retained corporate broking clients, including 64 FTSE 350 clients, accounting for nearly 20% of the index.

The transaction will enable Deutsche Bank to accelerate its Global Hausbank strategy by enabling a much deeper engagement with the corporate client segment in the UK, allowing Deutsche Bank to become a leading provider of comprehensive financial and advisory services to more than 170 corporate clients.

The Management Boards of Deutsche Bank and Numis are convinced that the Transaction represents an exciting strategic opportunity to combine Deutsche Bank’s existing UK and Ireland corporate finance business with Numis to establish a leading force in UK investment banking with a prominent position across corporate broking, strategic advisory (including M&A and growth capital), equity and debt capital markets, equity research, sales and execution, and to leverage the Transaction.

Numis shareholders will receive a total of 350 pence per share under the terms of the Transaction, valuing Numis at roughly £410 million. The Numis Board of Directors proposes to unanimously recommend the Transaction to Numis shareholders. Numis’ largest shareholder has given Deutsche Bank an irrevocable undertaking to vote in favor of the Transaction.

The Transaction is expected to close in the fourth quarter of 2023, subject to certain conditions such as shareholder approval and regulatory approvals.

Assuming a Q4 2023 closing, Deutsche Bank expects the transaction to be EPS accretive beginning in 2024 and to provide an attractive return on regulatory capital consumed. At closing, the CET1 ratio impact is projected to be (9) basis points.

Fabrizio Campelli, Deutsche Bank’s Head of Corporate and Investment Banking.This transaction is tightly linked with our Global Hausbank strategy and has the potential to unleash considerable value within the Numis and Deutsche Bank businesses.

We have been considering ways to accelerate the expansion of our business in the UK, and Numis represents a compelling strategic fit as a prominent UK franchise with a long history of consistently delivering outstanding client service and growth.

The combination allows us to increase revenue potential across our joint client base and enhance our connection with UK corporations.



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