Member Article

Panmure Gordon advises on £1.54bn Partnership Assurance IPO

Leeds-based Panmure Gordon & Co, the independent institutional stockbroker and investment bank, has acted as co-lead manager on the £1.54bn initial public offering (IPO) of Partnership Assurance, London’s largest float of the year to-date.

Partnership is the longest established UK insurer specialising in the design and manufacture of financial products for people whose health and lifestyle means that their life expectancy is likely to be reduced.

The company caters for clients with a wide variety of health conditions, from the relatively minor such as high blood pressure, to the more serious such as heart failure, stroke, diabetes, kidney failure and cancer.

Panmure Gordon chief executive, Phillip Wale, commented: “We were delighted to work as part of the team of advisers on this very successful flotation, which leveraged our insurance sector expertise in equity research, investment banking and equity sales.”

Earlier this year, Panmure Gordon was crowned Small Cap Advisor of the Year at the London Stock Exchange plc backed Small Cap Awards.

This was posted in Bdaily's Members' News section by Mark Lane .