268:, Panmure Gordon instead raised capital from outside investors. In April, Panmure Gordon announced that it had received a £17.3 million cash injection from BlueGem Capital Partners, a private equity firm. However, subsequently a higher bidder emerged and on 6 August 2009 the company announced the completion of a sale of a 47.1% stake in the business to QInvest, the largest investment bank in Qatar. Per
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175:. It provides a full range of services including investment banking, trading, research and sales with distribution to the UK, Europe and the US. Panmure Gordon has 150 UK listed corporate clients, over 400 institutional clients, provides research on over 200 companies, makes markets in over 400 stocks and offers broad coverage of publicly listed companies.
206:, a critical review of the U.S., particularly New York and Chicago. Panmure Gordon initially specialized in debt offerings for foreign governments. The firm also developed a reputation for conducting offerings for a large number of British and American breweries, including for the San Francisco Brewing Company in 1890.
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In 2009, Panmure Gordon welcomed QInvest, the leading investment bank in Qatar, as a strategic investor. In 2017 Panmure Gordon was acquired by
Ellsworthy Limited, an entity owned and controlled by QInvest LLC and by a wholly owned subsidiary of a fund managed by Atlas Merchant Capital LLC.
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The company remained a small but influential player, primarily acting as a broker for a number of foreign governments. However, the firm largely avoids the wave of consolidation in the 1960s and 1970s, making only one small acquisition with the purchase of
Windsor & Mabey in 1961.
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The firm was founded in 1876 by Harry
Panmure Gordon (1837-September 1, 1902) as Gordon & Co. and was subsequently renamed H. Panmure Gordon & Company. The firm's founder was a well-known member of the financial community in London and in 1892 H. Panmure Gordon wrote the book
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for the nominal amount of $ 18 million. In
February 2005, Lazard merged Panmure Gordon with a small listed brokerage firm, Durlacher, which had lost money trying to establish a venture funding business during the
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225:, however, the firm would languish as the overall bank experienced various issues in the late 1990s and early 2000s. As part of a major restructuring of the bank, Panmure Gordon was sold again in 2004 to
276:'s flagship investment bank Wealth Management Group ("WMG") was plotting a takeover of Panmure Gordon and had built up a 9% stake in it and had "hatched a turnaround plan for the struggling company".
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ending more than a century as an independent firm. The firm would be sold again in 1996 to the German bank
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Employing 150 people, Panmure Gordon is led by chief executive, Rich Ricci, who was appointed in 2020.
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Gordon's New-York Trip; A London Stock
Exchange Member Writes a Book. The Land of the Almighty Dollar
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Rich Ricci, Chief
Executive Officer, Richard Morecombe, President and Head of Equities
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By 2007, Lazard had sold its remaining interest in the firm and amidst the
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Panmure Gordon & Co. Announces Merger with ThinkEquity
Partners
512:"Panmure Gordon sells 44pc stake to Qatar investment bank QInvest"
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Panmure Gordon & Co., 1876-1976: a century of stockbroking
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The history of foreign investment in the United States to 1914
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Panmure Gordon pair celebrate turnaround with
Durlacher deal
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Financial services companies based in the City of London
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Panmure Gordon to push into the Gulf as Qatar wins stake
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In 2006, the firm entered into a joint venture with the
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QInvest buys 44% stake in 130-year old UK broking firm
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Investment management companies of the United
Kingdom
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Lazard strengthens broking arm with
Panmure takeover
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641:Financial services companies established in 1876
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488:Panmure Gordon Annual General Meeting Statement
451:Panmure Gordon secures future with BlueGem aid
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253:. In March 2007 Panmure Gordon acquired
548:"City dealmaker eyes Panmure Gordon bid"
592:London: Frederick Warne & Co., 1892
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656:Investment banks in the United Kingdom
342:WestLB: Battling To Get Off The Ropes
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398:. The Independent, February 2, 2005
368:. Financial News, February 2, 2004
366:Lazard puts Panmure Gordon to work
356:, The Independent, January 8, 2004
320:. New York Times, August 15, 1892
213:In 1987, the firm was acquired by
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379:Dot.coms sting Durlacher for £14m
344:. BusinessWeek, February 9, 2004
178:The firm is headquartered in the
537:, Arabian Business, May 21, 2009
524:from the original on 2020-09-22.
439:Lazard set to sell Panmure slice
441:. Financial Times, May 8, 2007
671:1876 establishments in England
410:. The Times, January 14, 2006
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266:Financial crisis of 2007–2009
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589:Land of the Almighty Dollar
453:. The Times, April 16, 2009
204:Land of the Almighty Dollar
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464:"Regulatory Announcements"
646:Banks established in 1876
255:ThinkEquity Partners, LLC
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272:, by 2016 London tycoon
18:Panmure Gordon & Co.
501:The Times, May 22, 2009
247:initial public offering
131:Institutional Equities
595:B. H. D. MacDermot.
184:40 Gracechurch Street
586:H. Panmure Gordon.
294:"Panmure - Heritage"
86:Harry Panmure Gordon
517:The Daily Telegraph
142:Number of employees
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426:2007-02-28 at the
119:Investment Banking
59:Investment Banking
27:UK investment bank
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16:(Redirected from
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91:Headquarters
45:Company type
257:a US-based
215:NationsBank
625:Categories
474:2012-06-29
304:2015-08-05
280:References
106:Key people
123:Brokerage
522:Archived
424:Archived
158:.panmure
146:over 100
115:Products
55:Industry
601:. 1976
197:History
151:Website
83:Founder
73: (
65:Founded
49:Private
227:Lazard
223:WestLB
95:London
382:, in
160:.com
75:1876
68:1876
251:AIM
236:AIM
182:at
156:www
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