Acquires Nabarro Wells

RNS Number:6210R
Ambrian Capital PLC
04 April 2008



4 April 2008



                    Ambrian Capital to Acquire Nabarro Wells


Ambrian Capital plc (AIM: AMBR) announces today that it has acquired Nabarro
Wells & Co. Limited ("Nabarro Wells"), an independent corporate finance firm,
for cash.  Nabarro Wells, based in London, provides corporate finance, mergers
and acquisitions and nominated advisor services.  The transaction has received
change of control approval from the Financial Services Authority.



In the fiscal year to 31 March 2007, Nabarro Wells reported revenues of
£4,394,884 and profit before tax, directors' emoluments and management charges
of £1,005,854.  At 31 March 2007 Nabarro Wells had net assets of £483,496.



The entire issued share capital of Nabarro Wells comprising 82,106 ordinary
shares is being acquired for a cash consideration of £821,060.  In addition,
£175,244 is being paid to cancel existing share options.



"The acquisition of Nabarro Wells is an important step in our strategy to expand
our corporate client list and reinforces our commitment to the natural resources
and new technology sectors," said Tom Gaffney, Chief Executive of Ambrian
Capital."  Nabarro Wells will add 35 retained corporate clients, including 18
clients in the natural resources sector with an aggregate market capitalisation
of approximately £1.2 billion.  The combined group will have a total of 70
retained corporate clients which will make Ambrian the leading nominated advisor
to the AIM Basic Materials sector and one of the top two in the AIM Oil & Gas
sector."



The Nabarro Wells team of 12 will be integrated with the Ambrian Partners
Corporate Finance team under the leadership of Richard Brown, Head of Corporate
Finance of Ambrian Partners.  David Nabarro, founder and director of Nabarro
Wells, has been invited to become a director of Ambrian Partners. The senior
executives of Nabarro Wells are bound by non-compete provisions and have entered
into service agreements with Ambrian Partners which include performance related
payments.



"We have built a very strong client base in the natural resources sector.
However, we recognise that increasingly our clients require the expertise of a
larger firm able to offer an integrated package of services including corporate
finance, corporate broking, capital raising, institutional sales, market making
and research", said David Nabarro.  "It is a compelling combination.  Ambrian
has built a leading franchise in the natural resources sector based on solid
industry expertise.  The team at Ambrian includes geologists and mining
engineers.  Now we can deliver to our clients a wider range of services from one
of the most respected names in the natural resources sector in London."



Enquiries:


Tom Gaffney                           David Nabarro/Richard Swindells
Chief Executive Officer               Directors
Ambrian Capital plc                   Nabarro Wells & Co. Limited
Tel:  [phone]             Tel:  [phone]




Chris Howard                          Justine Howarth/Louise Goodeve
Collins Stewart Europe                Parkgreen Communications
Tel:  [phone]             Tel:  [phone]


Notes to Editors:



Ambrian Capital plc is an AIM listed specialist investment banking group focused
on the mining, oil & gas, alternative energy and new technology sectors.
Ambrian Capital plc provides corporate finance, stockbroking, commodity broking
and investment management services to institutional and corporate clients.
Ambrian Capital is also an active principal investor in the natural resources
sector.



Ambrian Partners Limited, Ambrian Commodities Limited and Ambrian Asset
Management are each authorised and regulated by the Financial Services
Authority.  Ambrian Partners Limited is a member of the London Stock Exchange
and Ambrian Commodities Limited is an Associate Broker member of the London
Metal Exchange.



For further information on Ambrian Capital, please visit; www.ambrian.com





Nabarro Wells & Co. Limited was founded in 1990 by David Nabarro.  Over the past
18 years, the firm has become one of the leading corporate finance advisors to
companies listed on the AIM market of the London Stock Exchange.  Retained
corporate finance clients include First Calgary Petroleum Limited, Platinum
Australia Limited, Ithaca Energy Inc. and Applied Intellectual Capital.




                      This information is provided by RNS
            The company news service from the London Stock Exchange
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