Who's a good broker then? Numis lands Pets at Home mandate

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Pets at Home was floated by private equity firm KKR in March 2014 in a deal led by Bank of America Merrill Lynch, with KKR and Goldman Sachs also involved as joint global co-ordinators and bookrunners.

The company has used the two US banks as its joint brokers since the listing.

Pets at Home’s website still lists Goldman Sachs as joint broker, but in a stock market announcement on November 3, the company said it had appointed Numis to work alongside BAML, with immediate effect. Goldman Sachs declined to comment.

Numis’s co-chief executive Alex Ham and consumer retail specialist Luke Bordewich were named as the bankers handling the Pets at Home account in the statement.

The mandate win is the latest in a year that has seen it add to its list of broking clients with mandates from Circassia Pharmaceuticals, Bacanora Minerals and, only a day before Pets at Home’s announcement, ICG Enterprise Trust.

The firm has also recently won its largest ever M&A mandate, working with Micro Focus on its $ 8.8 billion acquisition of a Hewlett Packard subsidiary.

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