The Maxim-Nordenfelt Guns and Ammunition Company was the result of a takeover by Hiram Maxim of Thorsten Nordenfelt's Nordenfelt Guns and Ammunition Company in 1888. Rothschild issued £1.9 million of shares to finance the merger. Nathan Rothschild retained a substantial shareholding in the new Maxim-Nordenfelt combine and ‘exerted a direct influence over its management’.