Singer Capital Markets and N+1 Brewin are merging to form a new corporate advisory and broking business.
Two small and mid-cap advisory firms are coming together to form a new venture which will put the combined worth in the top five corporate advisory and broking firms in the UK.
Under its new guise, N+1 Singer will combine Singer’s London presence with N+1 Brewin’s regional locations in Edinburgh, Leeds and Newcastle.
N+1 Singer will have 110 professionals and will provide services including corporate advisory, broking, equity research and sales.
So far in 2012 the two firms in their own capacity have raised £323 million in 14 transactions.
The new board will be headed up by chairman of N+1 Group Santiago Eguidazu, who will take up the role of chairman and current chief executive of Singer Tim Cockroft as N+1 Singer chief executive.
Eguidazu comments, ‘N+1 Singer clients will strongly benefit from N+1’s well established international presence. Leveraging on N+1’s platform and track record, our clients will get access to a broader advisory services offering including strong M&A and debt advisory.’
Cockroft says the two businesses are ‘highly complementary’, with a strong fit between the teams of the two firms in terms of sectors and profile.
London-based Singer Capital Markets was formed in 2006 and currently advises 66 corporate clients, researches 135 companies and makes markets in 500 quoted UK companies.
N+1 Brewin was established after N+1 Group acquired the corporate advisory and broking businesses of Brewin Dolphin earlier in 2012 and advises 64 UK quoted businesses.