Leading Japanese financial services group, Nomura, has acquired an equity interest in London based specialist asset management company, Pall Mall Investment Management Ltd (PMIM).
PMIM is a high-yield investment management company specialising in European high-yield and balanced portfolios and currently has over one billion US dollars under management. The company was advised by Top 100 law firm, DMH Stallard, in the Nomura deal that will drive forward plans to expand its investor base in Europe.
The DMH Stallard team acting on behalf of PMIM was led by corporate partner Vincent O’Brien and also included associates and solicitors from the firm’s corporate team. In April 2007, Vincent led the DMH Stallard team that represented management and employees in a €60 million buy-out of the business.
Holger Pastel, the CEO of PMIM, said: “Again, we were very impressed with the work that Vincent and his team did for us - their approach was thorough whilst at the same time commercial and cost effective.”
Vincent O’Brien, at DMH Stallard, said: “We were pleased to be able to act for the management team when they acquired the business back in April 2007. The personal relationships and the understanding of the client gained in the buy-out assisted us greatly in delivering a smooth and quick solution in the Nomura investment.”
“That the company has already attracted a significant backer like Nomura is testament to the strength of the business and its management team. We were delighted to be engaged in this transaction and we look forward to supporting the continued success of the company in the future.”
For further press information please contact:
Bridget Cooper, Marketing Manager
Tel: 01293 663513 E-mail: bridget.cooper@dmhstallard.com
Notes to editors:
About DMH Stallard:
DMH Stallard works with publicly-owned companies, privately-owned businesses, charities and public sector organisations and private individuals. The firm has 56 partners and over 380 people working in offices in London, Gatwick and Brighton.
About Pall Mall Investment Management Ltd
PMIM is a specialised asset management company with expertise in European high yield and European balanced portfolios. Current assets under management are over one billion US dollars. The Company’s headquarters is based in London, UK, with a branch office in Hamburg, Germany. The Company offers a variety of investment products, including capital guaranteed high yield investments, absolute return funds and quantitative strategies for bonds and equities. The investment team is arranged into two groups to account for the investment expertise – European high yield and European balanced. The European high yield team is based in London and has worked closely together since 1999 whilst the European Quant team is based in Hamburg and has worked closely as a group since 1997. PMIM is authorised and regulated by the Financial Services Authority of the United Kingdom.
About Nomura
Nomura is a leading financial services group and the preeminent Asian-based investment bank with worldwide reach. Nomura provides a broad range of innovative solutions tailored to the specific requirements of individual, institutional, corporate and government clients through an international network in 30 countries. Based in Tokyo and with regional headquarters in Hong Kong, London, and New York, Nomura employs about 18,000 staff worldwide. Nomura’s unique understanding of Asia enables the company to make a difference for clients through five business divisions: domestic retail, global markets, global investment banking, global merchant banking, and asset management. For further information about Nomura, please visit www.nomura.com.
