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Peel Hunt and Santander sign landmark underwriting collaboration agreement

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SCIB & Peel hunt

UK investment bank Peel Hunt and leading international bank Santander have today entered into a major underwriting collaboration agreement, which will provide both parties with the scale, expertise and financial firepower to underwrite the UK’s largest equity capital markets (ECM) transactions. 

This collaboration agreement combines Peel Hunt’s award winning research, strong UK, US and European distribution capabilities and ECM expertise, with Santander Corporate & Investment Banking’s European strength, global scale and cross-border underwriting capabilities. 

Exclusive to Peel Hunt’s clients in the UK, the agreement extends across a range of share offerings, including primary offerings such as rights issues and placings to support M&A activity or bolster corporate balance sheets, as well as secondary offerings, including sell downs of large stakes by major shareholders. 

Peel Hunt is a specialist in UK Investment Banking, with a 280-strong UK team, 157 corporate clients (including 34 in the FTSE 100 and FTSE 250), and powerful sales and trading capabilities with a 14.9% share of London Stock Exchange trading volumes in 2020. The firm has ranked #1 for research in each of the last four years, and successfully raised £3.6bn across 69 equity capital markets transactions during 2019 and 2020.

Santander Corporate & Investment Banking (Santander CIB) is the wholesale investment banking division of Banco Santander, one of the largest banks in Europe by market capitalisation, and supports corporate and institutional clients, offering tailored services and value-added wholesale products. In 2019 and 2020, Santander was one of the most active banks in European ECM, acting as Bookrunner on 23 deals with a cumulative value of €22.1 billion.

Steven Fine, Chief Executive of Peel Hunt, said:

As our business has grown, so too have our clients and the size and number of high profile transactions on which we advise, underwrite and execute on a daily basis. With a strong eye to the future, we are delighted to be entering into this collaboration agreement with a bank of Santander’s global reach, reputation, and commitment to UK companies, which will enhance our ability to underwrite substantial ECM transactions.

“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.”  

José M. Linares, Global head of Santander CIB, said:

We aim to establish Santander CIB as one of the leading corporate and investment banks in Europe, and this collaboration is an important step towards that goal. The agreement with Peel Hunt combines our respective strengths and expertise to expand our client reach and further enhance the services we offer. We look forward to working together.” 

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For more information, please contact:

MHP Communications 
Giles Robinson/ Rachel Mann/ Robert Collett-Creedy
+44 20 3128 8788
peelhunt@mhpc.com   

Santander 
Corporate communications
+34 91 2895211
comunicacion@gruposantander.com

About Peel Hunt
Peel Hunt is an Investment Bank with highly rated, sector-aligned Research, Sales and Investment Banking teams, with a current retained corporate client list of 157 listed companies, over 1,200 institutions who have signed up to receive its research, and a trading platform that makes markets in more than 3,500 equity and fixed income products.

Peel Hunt ranked 1st for research in the 2020 Institutional Investor Survey (previously known as Extel) of UK Small & Mid Cap Brokerage Firms for the fourth successive year, while its sector teams achieved more Top 3 rankings than any other broker.

www.peelhunt.com | LinkedIn | Twitter

About Santander
Banco Santander is a leading retail and commercial bank, founded in 1857 and headquartered in Spain. It has a meaningful presence in 10 core markets in Europe and the Americas, and is one of the largest banks in the world by market capitalization. Its purpose is to help people and businesses prosper in a simple, personal and fair way. Santander is building a more responsible bank and has made a number of commitments to support this objective, including raising over €120 billion in green financing between 2019 and 2025, as well as financially empowering more than 10 million people over the same period. At the end of 2020, Banco Santander had more than a trillion euros in total funds, 148 million customers, of which 22.8 million are loyal and 42.4 million are digital, 11,000 branches and 191,000 employees.

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