Grieveson Grant made a significant move in the financial sector by acquiring Kleinwort Benson. This acquisition marked a major milestone for the company, expanding its reach and influence in the industry.
Grieveson Grant's acquisition of Kleinwort Benson added to its portfolio of financial services. The deal was a strategic move to strengthen its position in the market.
The acquisition brought a wealth of experience and expertise to Grieveson Grant's team. Kleinwort Benson's reputation and client base were valuable assets that complemented Grieveson Grant's existing services.
Kleinwort Benson Takeover
Kleinwort Benson, a prominent merchant bank, acquired Grieveson Grant in April 1986.
This takeover allowed Kleinwort Benson to enter the securities market without having to buy a jobbing firm, as a number of senior market-makers from Wedd Durlacher Mordaunt defected to join them.
In 1995, Kleinwort Benson was acquired by Dresdner Bank and became its investment banking arm, Dresdner Kleinwort.
The original business of Grieveson Grant was gradually reduced and eventually disappeared from corporate branding through a series of closures and sales.
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