Nabarro has advised long-standing client, Oriel Securities on its proposed sale to Stifel Financial Corp., the US listed financial services group.  The transaction involves a mix of cash and share consideration of an undisclosed sum.  The Nabarro team began work with Oriel shortly after its formation over a decade ago during which time there have been various financing and other transactions as well as numerous advisory mandates acting for Oriel as adviser/broker.

This represents another shift in the mid-market investment banking market following on from Canaccord's takeover of Collins Stewart and Cantor Fitzgerald's acquisition of Seymour Pierce in recent years.

The Nabarro team was led by corporate partners, Iain Newman and Warren Taylor, with assistance from John Finnemore and Jamie Evans (corporate) and Graham Muir and Linda Abad (tax).  Stifel were represented by Macfarlanes.

Iain Newman commented;

"We have enjoyed our relationship with Oriel and welcome the opportunity to help them through their new journey.  We have some good friends in the business that are set to thrive with a bigger balance sheet behind them."

Simon Bragg, founder and chief executive of Oriel commented;

"We have known the Nabarro team since we started and they have helped us immensely in getting to this point.  We look forward to continuing the relationship including with our new partners at Stifel."