Acquisition(s)
23 Septembre 2009 - 8:00AM
UK Regulatory
TIDMCCI
Canaccord announces acquisition of Intelli
Results in launch of Canaccord Office in Scotland
LONDON, Sept. 23 /CNW/ - Canaccord Adams Limited ("Canaccord"), the UK
investment bank and wholly owned subsidiary of Canaccord Capital Inc., is
pleased to announce that it has agreed with Midas Capital Plc to acquire
Intelli Partners Limited and its wholly owned subsidiary, Intelli Corporate
Finance Limited (together, "Intelli"), a corporate advisory and broking
boutique focused on investment companies and the asset management sector. This
transaction is expected to close on or around 1 October 2009.
"We are delighted to add the Intelli team to our established financials
and investment trust group," said Tim Hoare, CEO of Canaccord Adams Limited.
"The acquisition of Intelli provides our exceptional investment trust, sales
and trading team with the primary product as well as a solid platform for our
expansion strategy in Scotland."
With offices in Edinburgh and London, Intelli is currently the retained
financial adviser for 16 investment companies and over the last decade has
been involved in over 150 transactions in the investment company and asset
management sectors.
The acquisition of Intelli will complement Canaccord's already strong
secondary business in the investment company sector. Following the recruitment
of Angelo Sofocleous and the Investment trust team from Panmure Gordon in 2007
and the General Financials team, led by Mike Cuthbert, from Landsbanki in
2008, the origination and advisory services of Intelli consolidates
Canaccord's position as one of the leading investment banks in these sectors.
Gordon Neilly, CEO of Intelli commented, "We believe that the strength of
Canaccord's market operations will bring significant benefits to our clients
in both the investment company and general financial sectors. We are therefore
delighted to be joining Canaccord and have been impressed by its commitment to
build a leading presence across a range of sectors."
ABOUT CANACCORD CAPITAL INC.:
Through its principal subsidiaries, Canaccord Capital Inc. (TSX & AIM:
CCI) is a leading independent, full-service investment dealer in Canada with
capital markets operations in the United Kingdom and the United States.
Canaccord is publicly traded on both the Toronto Stock Exchange and AIM, a
market operated by the London Stock Exchange. Canaccord has operations in two
of the principal segments of the securities industry: capital markets and
private client services. Together, these operations offer a wide range of
complementary investment products, brokerage services and investment banking
services to Canaccord's private, institutional and corporate clients.
Canaccord has 31 offices worldwide, including 24 Private Client Services
offices located across Canada. Canaccord Adams, the international capital
markets division, has operations in Toronto, London, Boston, Vancouver, New
York, Calgary, Montreal, San Francisco, Houston, and Barbados.
For further information: North America Media: Scott Davidson, Managing
Director, Global Head of Marketing & Communications, Phone: (416) 869-3875,
email: scott_davidson(at)canaccord.com; For investor relations inquiries
contact: Joy Fenney, Vice President, Investor Relations & Communications,
Phone: (416) 869-3515, email: joy_fenney(at)canaccord.com; London Media: Bobby
Morse or Ben Willey, Buchanan Communications (London), Phone: +44 (0) 207 466
5000, email: bobbym(at)buchanan.uk.com; Scottish Media: Carrie Clement,
Buchanan Communications (Edinburgh), Phone: +44 (0)131 226 6150, email:
carriec(at)buchanan.uk.com; Nominated Adviser and Broker: Marc Milmo or Jonny
Franklin-Adams, Fox-Pitt, Kelton Limited, Phone: +44 (0) 207 663 6000, email:
marc.milmo(at)fpk.com
(CCI.)
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END
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