Peel Hunt and Santander to work together on equity underwriting deals

Peel Hunt and Santander have teamed up to underwrite the largest UK equity transactions.

The tie-up will give give the brokers the combined scale, expertise and financial firepower needed to underwrite the largest equity capital markets deals in the UK, Peel Hunt said.

Under the terms of the deal, Peel Hunt's award-winning research, strong distribution capabilities in the UK, US and Europe, and ECM capabilities will be combined with Santander's strength in Corporate and Investment Banking in Europe, global scale and cross-border underwriting capabilities.

"This landmark collaboration combines our in depth market knowledge and expertise with a powerful underwriting capability that will enable us to enhance our full service offer to our clients and further support our growth ambitions and those of the companies for whom we act," said Peel Hunt boss, Steven Fine.

Exclusive to Peel Hunt clients in the UK, the agreement covers everything from primary offerings, including rights issues and placings in support of mergers and acquisitions activity.

It also extends to secondary offerings, including sell-downs of large stakes by major shareholders.