US advisory boutique Greenhill has made an inroad into the increasingly lucrative equity capital markets arena after being appointed financial adviser on the £351m (€412m) rights issue announced by drinks-can maker Rexam. The appointment is Greenhill's largest UK equity mandate.

Greenhill is part of the large syndicate of seven banks on the deal, which was announced yesterday, that includes Citigroup and RBS Hoare Govett, the company's joint brokers, which are joint bookrunners and underwriters.