London’s brokers have faced a tough time in recent years as equity capital markets deals have been in short supply Hollie Adams/Bloomberg via Getty Images
Cavendish has rejected a takeover approach for two of its key dealmaking units in a move that would have triggered a breakup of the City investment bank.
London-listed Cavendish confirmed in a stock market statement that it had “received interest” in its private M&A and debt advisory businesses. It did not identify who made the approach.