Aldermore Bank

On 26 September 2011, Canaccord Genuity's client, Aldermore Bank plc ("Aldermore"), announced that it had raised £62mlion in additional equity capital to fund its continued strong growth.

The new funds will be invested by a consortium of leading global investors, including funds managed by Goldman Sachs Asset Management, Honeywell Capital Management and the Ohio Public Employees Retirement System. AnaCap, Aldermore's existing lead investor, have also increased their investment in the business and Morgan Stanley Alternative Investment Partners, Aldermore's founding investor alongside AnaCap, retain their significant investment.

Aldermore now serves 42,000 depositors and 9,500 borrowers. The new funding will further strengthen Aldermore's position as one of the most strongly capitalized banks in the United Kingdom. The transaction comes after Aldermore announced in July that its gross assets had exceeded £1 billion and that it had reached profitability.