Seymour Pierce rescued in pre-pack | AccountingWEB

Seymour Pierce rescued in pre-pack


Seymour Pierce, one of London's oldest brokers, has been rescued in a pre-pack deal just hours after its shares were suspended and Grant Thornton appointed administrators.

Investment bank Cantor Fitzgerald stepped in to pay an undisclosed price for the 130-year-old broking business which advises more than 70 companies.

The distressed business acquisition is expected to give Cantor a strong platform to expand into the UK small business market for corporate finance and advisory services.


» Register now

The full article is available to registered AccountingWEB members only. To read the rest of this article you’ll need to login or register.

Registration is FREE and allows you to view all content, ask questions, comment and much more.