nomura brochure

An introduction to Nomura Code

Our clients Our cleantech team

A leading European investment bank specialising in cleantech and life sciences

Hugh Kingsmill MooreHead of Sales

Hugh Kingsmill Moore is Head of Equity Sales at Nomura Code and has been part of the sales team since the foundation of the business in 2003. Prior to joining Code Hugh performed specialist and generalist small cap equity sales roles at ING Barings, Greig Middleton and Nomura International where he started his city career in 1997. Hugh is a Biological Sciences graduate from Durham University.

Guillermo SerranoDirector Cleantech Sales

Guillermo Serrano joined Nomura Code in November 2008 and is currently responsible for clean technology equities sales. Since 2005 he has been involved in the most successful equity fund raisings for cleantech companies on the London market, namely Ceramic Fuel Cells, Zenergy Power, Puricore and TMO. Prior to that Guillermo was dedicated to emerging markets at BBVA, DkW, Santander and Barings. He holds a Bsc (Econ) from the London School of Economics.

Juliet ThompsonManaging Director

Juliet Thompson is a Managing Director and head of the cleantech practice at Nomura Code. She has 14 years of corporate finance experience and has worked on over 50 transactions including IPOs, secondary offerings, private placements and M&A. Juliet was a founder of Code Securities in 2003 and prior to this was an Executive Director in the life sciences group at WestLB Panmure. Before joining investment banking, she qualified as a Chartered Accountant at Deloitte & Touche and worked as an economist at HM Treasury. Juliet graduated from Bristol University with a BSc in Economics.

Ken RumphCleantech AnalystDirector of Research

Ken Rumph joined Nomura Code in September 2009 having built Clear Capital/Noble’s climate change coverage between 2007-2009. Ken adds energy efficiency, carbon markets and vehicles/transport to Nomura Code’s existing coverage. A Natural Sciences graduate from Trinity, Cambridge, Ken’s experience spans buy-side (Scottish Amicable) and sell-side (UBS and Merrill Lynch). Ken undertook a masters in Environmental Management at Cranfield in 2006/7 and is a member of the Institute of Environmental Management and Assessment.

John-Marc BunceCleantech AnalystDirector of Research

John-Marc Bunce joined Nomura Code having built Ambrian’s Alternative Energy coverage from 2006-2007 and was ranked No 1 in the 2009 Extel Survey for New Energy and Clean Technologies. He has been covering cleantech companies for five years having trained at Dresdner in 2003 and having also held positions at Durlacher/Panmure Gordon and Dawnay Day. John-Marc holds a BSc in Chemistry as well as an MA and an MBA.

Other members of our sales team – Catherine Isted, Brough Ransom

TMO Renewables Ltd

Transaction: Private fundraising Ltd

Activity: Cellulosic biofuels

Date: June 2009

Transaction size: £11m

Ceramic Fuel Cells Ltd

Transaction: Placing and Subscription

Activity: Fuel cells

Date: March 2009


Fusion IP Plc

Transaction: Placing

Activity: IP exploitation

Date: July 2008


PuriCore Plc

Transaction: Placing and Open Offer

Activity: “Green” chemicals

Date: August 2008


Ceramic Fuel Cells Ltd


Activity: Fuel cells

Date: May 2008


Powerfilm Inc


Activity: Solar panels

Date: June 2007

Transaction size: $16m

Ilika Technologies Limited

Transaction: Private Fundraising

Activity: Advanced materials

Date: August 2007


Tyratech Inc

Transaction: IPO (AIM)


Date: May 2007


Powerfilm Inc



Date: May 2006


PuriCore Plc

Transaction: IPO (Full List)


Date: June 2006


Aqua Bounty Technologies Inc


Activity: Aquaculture

Date: March 2006


Solar Integrated Technologies Inc

Transaction: Merger


Date: July 2009


Biofusion Plc


Activity: IP exploitation

Date: November 2006


Nomura Code Cleantech transactions since 2006

Contact usNomura Code Securities, 1 Carey Lane, London, EC2V 8AE, United KingdomTelephone +44 (0)20 7776 1200 Fax +44 (0)20 7776 1201 Email [email protected]

www.nomuracode.comNomura Code Securities Limited. Authorised and regulated by the Financial Services Authority. Member of the London Stock Exchange. Registered in England no. 4778512. Registered Office: 1 Carey Lane, London EC2V 8AE. A member of the Nomura group of companies.

Corporate finance

Chris CollinsChief Executive

Charles WalkerDirector

Clare TerlouwDirector

Jonathan SeniorDirector

Phil WalkerDirector

Richard PottsDirector

Uli KinzelDirector

Nomura Code is wholly owned by the Nomura Group, a leading investment bank with global reach

Nomura Code is part of the Nomura Group, a leading investment bank with global reach through Nomura in Europe, Asia and the US. Nomura Code has one of the largest and most experienced sector teams in Europe, offering the full range of advisory, fundraising and broking services. Over the last 10 years the team has raised €4 billion.

The core team has been together for over 10 years and established an extensive network of long-standing contacts with companies, institutional investors, hedge funds, private equity houses and venture capitalists. Nomura Code’s experienced team is dedicated to the success of its clients.

Cleantech is a term used to describe knowledge-based products or services that improve operational performance, productivity, or efficiency while reducing costs, inputs, energy consumption, waste, or pollution.

Nomura has a global network of 26,000 employees in over 30 countries located in Europe, the Americas and Asia. This widespread local office network offers full capabilities in Corporate Advisory, Equity and Debt Capital Markets globally, to complement Nomura’s core strength in Japan.

Global full service

Nomura Code has one of the largest sector focused corporate finance teams in Europe. It combines a wide range of professional skills and experience with an extensive knowledge and in-depth understanding of the cleantech and life science sectors. We advise companies on strategic development and a full range of transactions including private equity placements, initial public offerings, secondary offerings, mergers and acquisitions, public takeovers, defences, divestitures and joint ventures. Nomura Code is also able to advise founders, major shareholders and private equity investors on divestments and companies on share buy-back programmes.

Our eight corporate finance directors have, on average, more than 15 years’ experience in the securities market. We have built an enviable track record and focus on delivering solutions and building value for our clients.

Corporate finance

The Nomura Code equity sales team provides direct access to the institutional investment community in the UK and Continental Europe. We believe that growth companies and investors are best served by sector specialists who, compared with generalists, provide greater industry insight, have a better understanding of the client’s business and build closer relationships with investors. The team has very strong, long term relationships with both the generalist funds and specialist funds that comprise the potential investor universe for small and mid cap cleantech stocks in Europe. We draw upon a collective 50 years experience of selling growth stocks in the cleantech sector to a Pan-European audience and have unrivalled placing power in both the quoted and unquoted markets.

Sales

Nomura Code offers a market making service to institutional clients by providing information flow in our specialist sectors. This includes news of trading flow, block trades, programme trades, agency crosses and unusual trading volumes. We also provide an excellent execution service by using our trading technology and market network to secure best prices for client business. Nomura Code is a registered market maker in over 40 cleantech and life science stocks.

We provide liquidity in these stocks directly to our institutional clients and indirectly to private clients via retail brokers. Our market makers commit capital to client business to ensure best execution; this risk-taking service is particularly valuable in smaller companies whose stock is seldom traded. As a market maker we have established a strong market position in all our clients’ shares.

Market making/sales trading

Nomura Code has a highly experienced equity research team covering “cleantech”, encompassing renewable energy, alternative energy, clean fuels, energy efficiency, energy storage, environmental technologies and consultancy, waste and recycling, water and emissions markets. The team was ranked No. 1 in the Thomson Extel 2009 survey for UK small cap: New Energy and Clean Technology.

Coverage includes company-specific research: daily industry updates, regularly updated corporate valuation and operational statistics, but also thematic or sectoral research. The team also writes topical briefings on specific drivers to the sector which include climate change, tighter regulation and energy security. In addition to management road shows, the team’s marketing activity includes CEO dinners, site visits for investor clients and conference presentations.

Research

Cleantech adviser of the year 2009

A total of €228m raised in IPOs since 2005

ranked analyst team in 2009 (The Thomson Extel Pan-European Survey)

No.1

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