Cobbetts has underlined its banking credentials with a drive into the European market after advising on the securitisation of a £343m funding package for property investment fund Numisma Group.

The top 50 regional firm landed the refinancing instruction for Numisma, a joint venture between Guernsey-based Pervaiz Naviede Family Trust (PNF Trust) and South African property investors The Stenham Group, on the back of a personal referral.