We are pleased to announce that Liberum acted as Joint Bookrunner on a Placing to raise £60m for Brewin Dolphin. RBC acted as Joint Bookrunner alongside Liberum and Rothschild & Co acted as Financial Adviser.
Brewin Dolphin is a private client wealth manager with an office network across the UK. It offers services to retail clients and charities, including discretionary and advisory wealth management as well as an execution-only service.
Brewin Dolphin has invested circa £70 million in inorganic growth initiatives comprising i) the acquisition of the wealth management operations of Investec Group in the Republic of Ireland; ii) the acquisition of the business and assets of Epoch Wealth Management LLP; iii) the acquisition of three other smaller businesses; and iv) new strategic organic initiatives - including 1762 and WealthPilot.
The Placing was undertaken to maintain a strong regulatory capital level for the Group, providing it with continued financial flexibility for further development opportunities.
Board – David Parsons
Investment Banking – Richard Crawley, Cameron Duncan, Jonathan Wilkes-Green, Ed Phillips
Research – Ben Williams
Sales – Steve Keeling, Julian Collett, Oliver Baxendale, Lisa Tugwell
General Counsel – Rebecca Gordon
Corporate and Investor Relations – Natalie Clarke