JP Morgan Cazenove, the newly established investment banking joint venture, has won the advisory mandate from Aviva, the UK insurance group, for today's agreed £1.1bn (€1.6bn) takeover of motoring group RAC. Cazenove is listed as Aviva's house broker.

According to the London Stock Exchange's Regulatory News Service, Aviva's offer for RAC is the first time JP Morgan Cazenove has been listed as adviser to an agreed UK public takeover offer since the alliance was formally launched on the 28th February this year.