SMALL and mid cap company advisers Singer Capital Markets and N+1 Brewin yesterday announced plans to merge the two companies into a new business called N+1 Singer, in a tie-up first revealed in City A.M. earlier this year.
The deal between the two houses will put the company in the top five corporate advisory and broking businesses in the UK small and mid cap market. N+1 Group chairman Santiago Eguidazu will chair the new firm and Singer chief executive Tim Cockroft will be chief executive.
Cockroft told City A.M.: “It puts us in a very strong position. It’s going to be business as usual from day one. Realistically the key is to integrate it quickly.
“I’ve known their business for a long time and it’s a similar type of business to ourselves. They’re a good group of people and culturally it’s a good fit.”
N+1 Brewin head of corporate finance Sandy Fraser added: “The houses know each other reasonably well and there’s been dialogue on and off. It’s a pretty neat fit.”