Slaughter and May is advising Deutsche Bank on its recommended cash offer for Numis Corporation Plc

Slaughter and May is advising Deutsche Bank AG (Deutsche Bank) on its recommended all-cash offer for Numis Corporation Plc (Numis), which was announced on 28 April 2023.

Under the terms of the transaction, Numis shareholders will be entitled to receive 350 pence for each Numis share, valuing the entire issued and to be issued share capital of Numis at approximately £410 million. The transaction is conditional on, amongst other things, approval by Numis shareholders and receipt of relevant regulatory clearances and is expected to complete during the fourth quarter of 2023.

Deutsche Bank and Numis believe the transaction represents an exciting strategic opportunity to combine Deutsche Bank's existing UK and Ireland corporate finance business with Numis to establish a leading force in UK investment banking. The transaction will allow Deutsche Bank to accelerate its Global Hausbank strategy by unlocking a much deeper engagement with the corporate client segment in the UK, enabling Deutsche Bank to become a leading provider to more than 170 corporate clients for their comprehensive financial and advisory needs.

Headquartered in Frankfurt, Deutsche Bank is the largest bank in Germany and one of the largest financial institutions in the world, as measured by total assets of €1.3 trillion as of 31 December 2022. Numis is an international investment bank with leading UK capital markets, advisory and equities franchises and a growing presence beyond the UK through its offices in Ireland and the United States.