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Macfarlanes advises Collins Stewart Hawkpoint plc on its £253.5m recommended takeover by Canaccord Financial Inc.
Macfarlanes is advising Collins Stewart Hawkpoint, the leading independent financial advisory group, on its recommended takeover by Canaccord Financial, which values the fully diluted share capital of CSH at approximately £253.5m*.
In addition to its institutional research lead stockbroking activities in London and New York, CSH includes leading independent corporate finance advisory firm Hawkpoint and Collins Stewart Wealth Management, which will give Canaccord a foothold in the UK wealth management market. The deal is subject to regulatory and CSH shareholder approvals.
The Macfarlanes team is led by corporate partner Kevin Tuffnell, who said: "We are delighted to be advising Collins Stewart Hawkpoint on this significant deal in the broking industry."
Partners Rob Collard (incentives) and Andrew Loan (tax) are working alongside the corporate team on the transaction.
(*based on the closing price of a Canaccord share of C$8.50 on the TSX on 14 December 2011.)
For further information, please contact Kevin Tuffnell.
About Collins Stewart Hawkpoint plc
Collins Stewart Hawkpoint is a leading independent
financial advisory group with around 850 employees across four main
operating divisions: Corporate Advisory, Corporate Broking,
Securities and Wealth Management.
Its services cover institutional stockbroking, UK, European and US research, fixed income credit trading, corporate broking, corporate finance advisory services, debt capital markets advice, restructuring and debt advisory services, private client and intermediary wealth management and fund management - all serviced by its unique research tool Quest™.
About Canaccord Financial Inc.
Through its principal subsidiaries, Canaccord Financial
Inc. is a leading independent, full-service financial services
firm, with operations in two principal segments of the securities
industry: wealth management and global capital markets. Since its
establishment in 1950, Canaccord has been driven by an unwavering
commitment to building lasting client relationships. We achieve
this by generating value for our individual, institutional and
corporate clients through comprehensive investment solutions,
brokerage services and investment banking services. Canaccord has
49 offices worldwide, including 32 Wealth Management offices
located across Canada. Canaccord Genuity, the international capital
markets division, operates in Canada, the U.S., the U.K., China,
Hong Kong, Australia and Barbados.
Canaccord Financial Inc. is publicly traded under the symbol CF on the TSX and the symbol CF. on AIM, a market operated by the London Stock Exchange.
19 December 2011
