Nabarro advise PWC on sale of City broker business, Mint Partners
18 August 2010
Nabarro LLP has advised joint administrators, David Chubb and Peter Spratt of PricewaterhouseCoopers LLP, on the sale of the business and certain of the assets of Mint Partners Limited and Mint Equities Limited, to global player BGC Brokers L.P.
Mint, which started in 2004, specialised in providing broking services to clients across equities, credit, rates, foreign exchange, commodities and energy products. It had approximately 150 employees, 500 institutional clients and branch operations in Dubai, Switzerland, France and New York.
BGC Partners is a leading global intermediary to the wholesale financial markets, specialising in the brokering of a broad range of financial products. BGC has more than 1600 brokers and sales personnel. This will be boosted by over 100 brokers from across Mint's international business.
The Nabarro team was led by Restructuring & Insolvency Partner, Glen Flannery, with assistance from Clare Grayston, Peter Williamson and Jack Shepherd (Corporate), Benn Richards, Benji Field, Nishi Gandesha, and Rob Whiddett (Restructuring & Insolvency), Rob Moulton and Jake Green (Financial Regulation), and Catherine Richmond and Ann-Marie Reddish (Employment).
The companies were advised by Ashurst. BGC was advised by BLP and Cantor Fitzgerald.
