Peel Hunt last changed hands in 2010, when its staff took majority ownership from KBC, a Belgian bank which had been caught up in the 2008 financial crisis.
Peel Hunt competes with firms such as Cenkos Securities, Numis, Liberum and N+1 Singer to work on fundraisings and merger advice for listed companies. Many of the City's mid-market investment banks have been hit hard by new European markets rules known as Mifid II.
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