Investec Corporate and Investment Banking (“Investec”) has announced the appointment of Jonathan Arrowsmith to its Investment Banking team as Head of Advisory.
Jonathan joins from DC Advisory, where he was a Managing Director and led the business services practice in the UK. He has advised on transactions including the sale of Citation to Hg and the sale of FRA to Dunedin. At Investec, Jonathan will lead Investment Banking’s advisory offering, with a particular focus on increasing its private advisory presence and business services capabilities.
In 2018, the Investment Banking team advised on deals with a combined transaction value of £20bn across M&A and ECM, and acted on over one-third of all M&A by value on the UK public market(1). Transactions included Melrose’s £8.1bn takeover of GKN, Cineworld’s $3.6bn acquisition of Regal Entertainment and the £7.4bn merger between GVC and Ladbrokes Coral, as well as MFG’s £1.2bn takeover of MRH.
During 2018, Investec completed a number of successful IPOs including the largest ever Investment Trust IPO, with the admission of Smithson in October 2018 raising £822.5m. Throughout the year Investec used its balance sheet to provide significant equity underwriting support to enable clients to undertake transformational transactions, such as ITE’s £300m acquisition of the events business of Ascential.
Jonathan Arrowsmith commented:
“Investec had an impressive 2018, advising on some of the year’s largest public UK transactions as well as a wide range of private deals. I am delighted to be joining Investec to help both further build out its business services offering and the wider advisory practice. In particular, there is a very significant competitive and market opportunity for Investec in relation to private companies and I’m really excited to be joining the team to help drive the continuing growth of Investment Banking.”
Andrew Pinder, Investec’s Head of Investment Banking, commented:
“2018 was a particularly strong year for Investment Banking both in terms of our transactions and the investments we made to further enhance our competitive strength and differentiation. As we begin 2019, Jonathan’s substantial experience will complement a proven team which has strength in both the private and public markets across advisory, lending and risk management solutions.”
Christian Hess, Private Equity Client Group Head at Investec, commented:
“In an environment where private equity firms are under significant pressure to deploy capital in a crowded market and maintain high returns, a strong and experienced strategic advisory service has never been more important.”
1) Of a total value of £47.2bn* deals completed from Q1-Q4 2018 on individual deals up to £10bn.Investec acted as corporate broker or financial advisor on behalf of £17.8bn (*FactSet)
For more information, please contact:
Fatima Ismat, Lansons - 020 7566 9709
Luke O’Mahony, Investec (Media) - 020 7597 5261
Investec Corporate and Institutional Banking
Investec CIB is an international corporate and investment bank working with growth-orientated companies, institutions and private equity funds. Our people set us apart – empowered, straightforward and invested in our clients’ long-term success. We provide capital solutions, advice and ideas, along with bespoke investment solutions and access to capital markets. Founded in 1974, The Investec Group has grown successfully through its client focussed approach and its ability to serve diverse and evolving financial needs.
This press release is issued on behalf of Investec Bank plc. Registered address: 30 Gresham Street, London, EC2V 7QP. (Reg No. 489604). Investec Corporate and Investment Banking is a brand name of Investec Bank plc, which is a member of the London Stock Exchange.
Investec Bank plc (Reg. no. 489604) is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.