Budget bride

24 October 2019 By Christopher Thompson Follow @CGAThompson

The storied firm, and former employer of President Emmanuel Macron, is buying UK mid-market specialist Livingstone. The latter’s fees won’t move the dial much. But with Wall Street rivals dominating big-company advisory, boss Alexandre de Rothschild’s small-fry pivot makes sense.

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Rothschild, the investment banking firm whose alumni include French President Emmanuel Macron, announced on Oct. 24 that it would acquire boutique financial advisor Livingstone in the UK.

Rothschild's takeover of Livingstone, which provides mergers and acquisitions services and financing advice to mid-sized British companies, follows the acquisition in July of a minority stake in equity research firm Redburn.

"The acquisition of Livingstone in the UK provides a unique opportunity for us to establish a dedicated UK lower mid-market team, a segment of the market that we don't actively participate in today," Rothschild Managing Partner Robert Leitão said in a company statement.

Shares in Paris-listed Rothschild closed flat at 25.45 euros per share on Oct. 24.

Context News

Rothschild, the investment banking firm whose alumni include French President Emmanuel Macron, announced on Oct. 24 that it would acquire boutique financial advisor Livingstone in the UK.

Shares in Paris-listed Rothschild closed flat at 25.45 euros per share on Oct. 24.

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