Deutsche Bank will acquire a 19.9 per cent equity stake in Wilson HTM through a share subscription and share purchase agreement. Wilson HTM shareholders last night voted to approve the alliance.
The new partnership will give Deutsche Bank a significant retail equities presence through a strategic shareholding in Wilson HTM, which has one of
Deutsche Bank is currently ranked third in Australian equity capital markets transactions for the first half of 2005, and Wilson HTM is ranked ninth.
Under the alliance, a strategic relationship will be formed between Wilson HTM and Deutsche Bank to provide mid-market corporate finance services benefiting clients of both firms. The corporate finance business will continue to be run and managed by Wilson HTM.
Wilson HTM Managing Director Neil Schafer and Deutsche Bank Chief Executive Officer Chum Darvall said the alliance offered an exciting opportunity for both firms to accelerate their growth strategies and expand their services to clients.
Mr. Schafer said: "We are delighted to be forging an alliance with this global investment banking powerhouse which will add to our corporate finance capabilities and support the next phase in our business development.
"The combined strength of both groups' advisory and equity capital markets skills will create a unique capability in the Australian investment banking market.
Wilson HTM Executive Chairman Steven Wilson said: "Our private clients will benefit from increased product flow, the ability to access an expanded range of investment products and significantly enhanced research coverage.
"Our corporate clients will benefit from access to Deutsche Bank's market-leading skills in mergers and acquisitions and both the debt and equity capital markets, including capabilities in products such as hybrids."
Mr. Darvall said he was pleased to be partnering with Wilson HTM, one of the most respected and experienced retail broking and mid-market corporate finance providers.
"This relationship will allow Deutsche Bank to further expand its equity capital markets and mergers and acquisitions businesses into the mid-market sector," he said.
"This alliance will support emerging Australian corporations. Deutsche Bank and Wilson HTM will be able to provide the services to seamlessly guide companies through their entire growth path from micro-cap to large cap.
"Partnering with Wilson HTM's strong retail distribution business will also support Deutsche Bank's capital markets business."
Under the terms of the alliance, Deutsche Bank will appoint two directors to the Wilson HTM board. The alliance is subject to Foreign Investment Review Board approval.
For further information contact:Deutsche Bank
With Euro 964 billion in assets and 63,652 employees, Deutsche Bank offers unparalleled financial services in 74 countries throughout the world. Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
Deutsche Bank ranks among the global leaders in corporate banking and securities, transaction banking, asset management, and private wealth management, and has a significant private and business banking franchise in
Established in 1895, Wilson HTM is one of
Wilson HTM provides an advanced array of services to clients including stock broking, financial planning, funds management, equities research and corporate finance. It has a team of 250 people located in offices in Brisbane, Sydney, Melbourne, and throughout regional
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