Liberum is pleased to announce that it is acting as joint bookrunner and sole underwriter to Xafinity, in connection with the acquisition of Punter Southall’s actuarial, administration and investment consulting businesses and the associated £70 million Capital Raising.
An initial consideration of £143m will primarily be funded by the £70m firm placing and placing and open offer, £42m of consideration shares, a new banking facility and the transfer of Xafinity’s HR Trustees business to Punter Southall.
The transaction will:
Investment Banking – Richard Crawley, Robert Morton, Cameron Duncan, Jonathan Wilkes-Green
Research – Rahim Karim
Sales – David Parsons, Julian Collett
Corporate Access – Lynsey Cox