Investec looks to pre-empt M&A recovery in seeking boutique status.

Financial News, March, 2002

Byline: Jeremy Adams in New York

Investec, the Anglo-South African banking and investment group, is hoping for a decent recovery in the M&A business as it attempts to turn a small regional US bank into an international class corporate finance boutique.

Investec PMG was created last year when Investec bought PMG Capital, a small investment bank in Philadelphia. The rationale behind the acquisition was to combine Investec's international network of corporate finance bankers and research analysts with PMG's US clients, and its expertise in the domestic markets.

It wants to retain its middle market identity, advising on mergers and acquisitions in the $30m ([euro]34.5m) to $150m range but to broker cross-border deals.

Mark Segall, chief...

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