close brothers group

 

  • [12] In September 2018, Close Brothers sold Close Brothers Retail Finance to Klarna, the Swedish online financial service provider.

  • [17][18] In December 2023, Close Brothers agreed to acquire Bottriell Adams, an independent financial advisor (IFA) based in Dorset, England, for £220 million.

  • [13][14] In July 2021, Close Brothers acquired PMN Financial Management for an undisclosed amount.

  • [3] Company type: Public; Traded as: LSE: CBG, FTSE 250 component; Industry: Financial services; Founded: 1878; 146 years ago; Founder: William Brooks Close; Headquarters:
    London, EC2 United Kingdom; Key people: Mike Biggs (chairman), Adrian Sainsbury (CEO), Mike Morgan (finance director); Products: Merchant banking, Securities, Wealth management; Revenue: £932.6 million (2023)[1]; Operating income: £112.0 million
    (2023)[1]; Net income: £81.1 million (2023)[1]; Number of employees: 3,700 (2024)[2] History Close Brothers was founded in 1878 by William Brooks Close and his brothers Fred and James Close, who started offering farm mortgages in Sioux City,
    Iowa.

  • [10] In May 2009 it was announced that the corporate finance business was to be acquired by Daiwa Securities SMBC, a Japanese investment banking venture, leaving Close Brothers
    focused on capital markets, securities trading, lending and investment management.

  • [7] In the 1980s and 1990s, the company expanded through the acquisition of a specialist businesses including Winterflood Securities in 1993,[7] Hill Samuel’s Corporate Finance
    Division in 1996[8] and Rea Brothers (established 1919) in 1999.

 

Works Cited

[‘1. “Annual Report 2023” (PDF). Close Brothers. Retrieved 12 February 2024.
2. ^ “Who we are”. Close Brothers. Retrieved 12 February 2024.
3. ^ “Close Brothers Group, UK, Londres”. www.linkfinance.fr. Retrieved 2020-04-16.
4. ^ “Farming the Virgin
Land 1878–1879”. The Iowa Genealogy Web Project. Retrieved 16 March 2019.
5. ^ “Close Brothers shares shoot up on talk of takeover”. The Guardian. 15 December 2007. Retrieved 16 March 2019.
6. ^ “White Pass and Yukon Route Facts”. White Pass and
Yukon Route. Retrieved 16 March 2019.
7. ^ Jump up to:a b “Close Brothers buys half of Mako”. FT. 19 August 2007. Retrieved 16 March 2019.
8. ^ “Era ends as Hill Samuel loses its deal-makers”. The Independent. 1 June 1996. Retrieved 16 March 2019.
9. ^
“Rea takeover puts Close in spotlight”. The Guardian. 22 July 1999.
10. ^ “Close Brothers acquires two specialist lending businesses/”. Compelo. 27 March 2008. Retrieved 16 March 2019.[permanent dead link]
11. ^ “Close Brothers sells corporate
finance arm in £75m deal”. The Telegraph. 18 May 2009. Retrieved 16 March 2019.
12. ^ “Oddo & Cie completes acquisition Seydler”. Investment Europe. 7 January 2015. Retrieved 16 March 2019.
13. ^ Walker, Peter (2018-09-14). “Klarna buys Close
Brothers Retail Finance”. Retail Systems. Retrieved 2024-03-19.
14. ^ “Klarna grows again, acquiring close brothers retail finance to strengthen position in UK market | The Payments Association”. The Payments Association. 2018-10-02. Retrieved 2024-03-19.
15. ^
“Close Brothers AM acquires IFA”. www.ftadviser.com. Retrieved 2024-03-20.
16. ^ “Close Brothers Asset Management buys PMN Financial Management”. Private Banker International. 2021-07-22. Retrieved 2024-03-20.
17. ^ “Close Brothers re-enter Irish
motor finance market with acquisition of Bluestone Motor Finance”. The Irish Times. Retrieved 2024-04-07.
18. ^ “Close Brothers to acquire Irish motor finance specialist Bluestone Motor”. Business-News-Today.com. 2023-09-20. Retrieved 2024-04-07.
19. ^
Sidhika, Anika (2023-12-13). “Close Brothers AM purchases IFA business”. Private Banker International. Retrieved 2024-04-26.
20. ^ Cooper, Dan (2023-12-13). “Close Brothers Asset Management acquires IFA business”. Money Marketing. Retrieved 2024-04-26.
21. ^
“Close Brothers’ lending still healthy”. Investors Chronicle. 27 September 2016. Retrieved 16 April 2016.
22. ^ “Winterflood Securities selects BNY Mellon for clearing and custody”. Global Custodian. 25 April 2016. Retrieved 16 March 2019.
24. ^
“Ex-Resolution chief Biggs joins Close Brothers”. CityWire. 14 March 2017. Retrieved 28 September 2022.
Photo credit: https://www.flickr.com/photos/garlandcannon/4809566219/’]