0 Have your say Cavu Corporate Finance is to open an office in Leeds led by former Rothschild and PwC dealmaker Stephen Moore. Cavu advises mid-market corporates on disposals, acquisitions, debt and equity finance raising and provides strategic counsel to retained clients. It also supports smaller high-growth businesses with potential to access the early stage equity markets. He joins Shawn Bone, a prominent North East dealmaker who founded Cavu in Newcastle in 2013 and has established the independent advisory firm as a leading provider of expert corporate finance advice. Mr Moore spent more than a decade at Rothschild, the family-owned investment bank, and joined PwC as partner in 2015 to lead its corporate finance practice in Yorkshire. Mr Bone previously held senior roles at Deloitte, PwC and BTG Corporate Finance in Newcastle and the North East.Mr Moore said: “Cavu is a term used in aviation and naval circles for ‘Ceiling and Visibility … [Read more...] about Cavu Corporate Finance to open Leeds offices
Accountants Cowgills has appointed James Kennedy as assistant director of corporate finance to further expand its business in Manchester. James, who joins from Clearwater International, will operate from the firm’s Spinningfields office at XYZ. The Manchester corporate finance team is led by director Sam Davies who also joined Cowgills earlier this year and, with the additional appointment this month of corporate finance executive Josh Harper, the lead advisory team has grown to 13 in Manchester. The corporate finance team’s rapid expansion comes after a number of recent deals including, the sale of Bright Futures Care to Livingbridge Equity Partners, the sale of Cleanline Waste Water Solutions to National Response Corporation (USA), the sale of How Planning to GVA and also advising Communicate Better Group on three acquisitions over the summer. Sam said: “We moved our Manchester office to XYZ, Spinningfields just twelve months ago and have focused on recruiting the … [Read more...] about Cowgills grows Manchester corporate finance team with new hires
A new group has been launched for Leicestershire’s corporate finance community. Law firm Howes Percival has created the Leicestershire Corporate Finance Club, which is being set up to raise awareness of the amount of professional services talent in the county and to grow the number of Leicestershire transactions completed in the region. Lord Lieutenant of Leicestershire Mike Kapur OBE FRSA – founder and director of telecoms and IT specialist company, Signum Corporate Communications – will be guest speaker at the first meeting at the Marriott Hotel, in Grove Park, Enderby, from 4.30-6pm on Tuesday, November 13. The club will then meet every quarter and is open to financiers and professionals working in areas such as banking, accountancy, law, wealth management and financial advise. Daniel Banton, partner and head of the corporate commercial team in Howes Percival’s Leicester office, said: “Leicestershire is a great place to do business and is home to a … [Read more...] about New club for Leicestershire’s corporate finance community
0 Have your say An Edinburgh-based corporate finance boutique has grown its workforce and hailed a “strong” 2018 to date, including its first acquisition and latest exit. Quest, which was founded in 2007 and has a ten-strong team, flagged a “record” second quarter, including the purchase of Stockbridge Advisers, which it said lets it expand its services by acting as principal on transactional work. In June, portfolio company and telecom expense management specialist Veropath was bought by US-based Calero Software, marking “another high-profile” exit for the Quest team.It comes after portfolio company Vermilion Software was in 2016 acquired by Nasdaq-listed FactSet Research Systems in what was billed as one of the largest fintech deals recorded in the UK. The same year, Quest advised on the Series-B financing round of Edinburgh-based PureLiFi, which uses light for wireless communication, led by Singapore sovereign fund Temasek. … [Read more...] about Capital-based corporate finance business hails progress in 2018
Will mid-market firms struggle to access finance if banks like Barclays tighten lending criteria? Jake Wombewell-Povey, chief executive and co-founder of Goji Investments, says YES. Many firms still rely on high street banks for their banking services. Although awareness of alternative providers is growing, traditional lenders are still most companies’ first option, and many rely on their overdrafts as their go-to form of financing. If high street banks like Barclays pull back, I foresee it will do two things. First, it will remove most firms’ “credit safe harbour”, and many may not look much further. Second, it will repeat what we saw immediately after the financial crisis, when many businesses didn’t seek credit from anyone because of the perception that it wasn’t available and that it was a bad time to invest. Both of these “softer” demand factors, as well as the hard supply factors, will mean less credit in the real economy at a time … [Read more...] about DEBATE: Will mid-market firms struggle to access finance if banks like Barclays tighten lending criteria?