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Panmure Gordon to Purchase ThinkEquity

Authored by Scott Goldberg on February 20, 2007 - 9:59am.
Panmure Gordon logo London – Panmure Gordon & Co., a UK investment bank, has agreed to purchase ThinkEquity, a US investment bank, for $62.3 million.  ThinkEquity has focused on high-growth sectors including telecommunications, media, and technology.  Panmure will fund the deal with 8.9 million shares of its stock, and about $32 million in cash.

 
The deal is seen as a strategy for Panmure to increase its ability to bring US technology companies to London’s Aim market.

Deborah Quazzo and Michael Moe, co-founders of ThinkEquity, will join the Panmure board. 

“This is a significant acquisition for Panmure Gordon and is a logical step building on the strong performance of the last two years,” said Tim Linacre, CEO of Panmure.  “The combined business will be well placed to address increasingly international capital markets."

 
tags: Investing | Acquisitions | Technology | Panmure Gordon | ThinkEquity |



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