Investec acquires significant minority stake in Capitalmind
Investec Bank (Investec) is to a acquire a significant minority stake in Capitalmind, one of Europe’s leading independent mergers & acquisitions and corporate finance advisory firms.
Investec and Capitalmind first established an international advisory partnership in 2018. The two firms’ advisory operations are characterised by outstanding geographic complementarity: Investec provides Capitalmind with connectivity to the United Kingdom, Ireland, Asia and Africa, while Capitalmind joins Investec’s advisory business to most of Western Europe, and in particular to Germany, France, the Benelux countries, Scandinavia and Switzerland. From the perspective of business sectors, Investec’s areas of focus with respect to advisory largely mirror those of Capitalmind. These include, inter alia, industrials, technology, media & telecommunications, business services, consumer, food & agriculture, healthcare, energy, financial services, and infrastructure.
Investec and Capitalmind share an entrepreneurial DNA, similar values and strategic alignment to each other, being focused on providing service excellence to growth-orientated companies. Following the transaction, the respective advisory teams will become more closely integrated, sharing knowledge, expertise and client coverage. In addition, Capitalmind will be able to leverage Investec’s broader range of client solutions such as acquisition finance, equity capital markets and debt capital markets into its Continental European client base.
This news follows the establishment of a three-way partnership in 2020 between Investec, Capitalmind and Regions Securities LLC, which extended both firms’ advisory connectivity to the USA. The partnership therefore already has a broad international distribution in the mid-market across a wide range of sectors.
The transaction is the natural next step in the relationship between Investec and Capitalmind and represents an acceleration of the two firms’ advisory strategies in a highly competitive and consolidating global environment.
“This is a tangible demonstration of our commitment to delivering global M&A solutions to our clients,” says Charles Barlow, who leads Investec’s cross border corporate finance business. “We have worked closely with Capitalmind for several years, and look forward to further developing our advisory business together in order to better service our clients by being able to provide them integrated international solutions across all our geographies.”
“We are pleased to be able to offer our middle market clients a seamless service across the most important economies worldwide. The middle-market investment banking business has become deeply international and M&A advisory businesses therefore need to be globally integrated and sector focused in order to develop and maintain a deep understanding of their clients’ businesses and needs, which in turn requires these teams to collaborate seamlessly under one strategy,” says Ervin Schellenberg, Michel Degryck and Jan Willem Jonkman, Managing Partners of Capitalmind.