On 4 February 2011, Canaccord Genuity's client, TowerBrook Capital Partners, announced the acquisition of a majority stake in Phase Eight.

Phase Eight is a UK based womenswear retailer with 84 stores and 141 concessions in department stores, including John Lewis, House of Fraser and Debenhams.

Canaccord Genuity provided M&A advisory and debt advisory services to TowerBrook Capital Partners.