Welcome to Teathers

Announcement

9 March 2009

The Icelandic Financial Supervisory Authority (FME) has taken control of the operations of Straumur as the bank has been unable to raise sufficient funds to meet its short term financial obligations. The FME has appointed a Resolution Committee which has taken over all authority from the Board of Directors of Straumur. 

As a result Teathers is not trading today (9th March, 2009) but continues to provide regulatory advice to its corporate clients.  It is currently in discussions with the regulators about moving forwards and a further announcement will be made in due course.


Teathers (a trading name of Straumur-Burdaras Investment Bank hf. (“Straumur”)) provides a fully integrated cross-border investment banking and institutional stockbroking service to corporate and institutional clients.

We provide a comprehensive range of financial services to mid and small cap listed and private companies, private equity, institutions and entrepreneurs. 

Our Corporate Finance, Sales and Trading teams draw on the in depth sector knowledge of our research analysts within the framework of the regulatory environment.

We work closely with our colleagues across Continental Europe.




Corporate Finance:
Our Corporate Finance business adopts an industry-focused approach in sectors covered by our highly rated research teams. We act for a wide range of private companies, private equity and mid and small cap public companies listed on AIM or the Official List. We provide a full range of corporate finance advice and execution services including Mergers and Acquisitions, Equity Capital Markets, Corporate Broking and Investor Relations.

Equities:
Our Equities business delivers our clients research, sales advice and execution services covering mid and small cap companies. Our clients include long-only, hedge fund and private client fund managers. The four elements of our Equities business comprise Research, Sales, Sales Trading and Market Making.

VCT's
We have a team of 5 experienced individuals providing a specialised service to the VCT market. Including specialist corporate finance advice and market making. We are currently broker to 19 VCT's.