The firm replaces N+1 Singer to become joint broker alongside Investec, according to people familiar with the situation. N+1 Singer had been a broker to the company since 2013, according to analysis of James Fisher & Sons’ past annual reports, while Investec has been working with the company since 2006.
James Fisher & Sons has a track record of dealmaking, having made five acquisitions in 2015 and two so far in 2016.
Its latest deal, announced in August, was the acquisition of Lexmar, a Singapore-based diving equipment maker, for £15 million. The company was advised on that deal, and many of its others over recent years, by E C Hambro Rabben & Partners.