Rothschild & Co has agreed to buy a boutique investment bank in a bid to win work on smaller UK mergers and acquisitions, as it expands beyond its traditional roots.
The independent bank is set to acquire the UK business of Livingstone, which has 120 staff across eight global offices and focuses on so-called lower mid-market deals — companies with an annual revenue of $5m-$50m. The terms of the deal were not disclosed.
