Stephenson Harwood advises Liberum on Panmure Gordon merger

Stephenson Harwood LLP has acted for Liberum Capital on its merger with Panmure Gordon to create the UK's largest independent investment bank, Panmure Liberum. The merger is subject to regulatory approval.

The deal will see Panmure Liberum become the largest adviser to UK-quoted companies with over 250 retained corporate clients. The deal was structured by way of an all-share merger, and the new enlarged business will have the support of specialist financial services investor, Atlas Merchant Capital, which has provided financial backing and liquidity to support the long-term strategic ambitions of the group.

The team was led by corporate partner William Saunders, who was supported by partners John Meehan and Nicholas Stretch on tax and employee incentives respectively. The corporate team also included managing associate Alexa Whitehead, and associates Tom O'Connor and Karin Asai, with associate Desiree de Lima assisting on employee incentives. The team also received assistance from colleagues in a range of other practice areas including competition and employment.