It's shocking - on the last occasion Unified Capital Partners...

It's shocking - on the last occasion Unified Capital Partners was joint lead manager in the capital raise (or equity placement), with Goldman Sachs.

Goldman Sachs was also the sole bookrunner (so collecting indications of interest and allocating shares) and sole underwriter (working the values, assuming risk if any stock is left over, marketing the sale, allocating the stock, assuming the risk for leftovers, etc).

As joint lead manager United Capital Partners structures, prices, allocates and also markets the capital raise.

Jonathan Higgins is both Head of Research and Managing Director of Unified Capital Partners, which describes itself as 'research led' and 'high conviction'.

Lots of financial firms have 'Chinese Walls' between the analysts and sales / capital raising departments. It is hard to know how that could work when Jonathan is both Managing Director and Head of Research (as well as chief spruiker of the ZIP investment thesis - as seen on youtube) but they have a handle on what they are doing. I don't think it would be allowed in many other industries, but in capital markets it seems pretty normal lol