Cavu Cor­po­rate to make city de­but

Ex-Roth­schild deal­maker to lead ad­vi­sory ven­ture

Yorkshire Post - Business - - FRONT PAGE - Mark Casci BUSI­NESS ED­I­TOR @MarkCasci

Boost:

Leeds is set to wel­come an­other sig­nif­i­cant pro­fes­sional ser­vices firm with the news that Cavu Cor­po­rate Fi­nance is to open an of­fice in the city.

Cavu, which ad­vises mid-mar­ket cor­po­rates on ar­eas such as dis­pos­als, ac­qui­si­tions, debt and eq­uity fi­nance rais­ing, will be based at premises on Queen Street.

The new of­fices will be led by a fa­mil­iar face in the form of for­mer Roth­schild and PwC deal­maker Stephen Moore.

Leeds is set to wel­come an­other sig­nif­i­cant pro­fes­sional ser­vices firm with the news that Cavu Cor­po­rate Fi­nance is to open an of­fice in the city.

Cavu, which ad­vises mid-mar­ket cor­po­rates on ar­eas such as dis­pos­als, ac­qui­si­tions, debt and eq­uity fi­nance rais­ing, will be based at premises on Queen Street.

The new of­fices will be led by a fa­mil­iar face in the form of for­mer Roth­schild and PwC deal­maker Stephen Moore.

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.

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 Bone pre­vi­ously held se­nior roles at Deloitte, PwC and BTG Cor­po­rate Fi­nance in New­cas­tle and the North East.

The move is bound to ruf­fle feath­ers among Leeds’s power- house pro­fes­sional ser­vices sec­tor, par­tic­u­larly with the ar­rival of Mr Moore in the driv­ing seat of Cavu’s new Leeds base.

Mr Moore said: “Cavu is a term used in avi­a­tion and naval cir­cles for ‘Ceil­ing and Vis­i­bil­ity Un­lim­ited’, which means an un­re­stricted hori­zon and per­fect vis­i­bil­ity with no bound­aries.

“It sums up our ap­proach to cor­po­rate fi­nance.

“It can be dif­fi­cult for own­ers of com­pa­nies to get truly in­de­pen­dent ad­vice when deal­ing with multi-dis­ci­plinary firms of­fer­ing cor­po­rate fi­nance, but also try­ing to cross-sell au­dit, tax, dili­gence or other con­sult­ing ser­vices.

“Cavu fills an im­por­tant gap in the mar­ket by pro­vid­ing ro­bust and ob­jec­tive ad­vice to com­pa­nies need­ing ac­cess to pri­vate eq­uity and merg­ers and ac­qui­si­tions mar­kets, with none of th­ese con­flicts.”

Mr Moore is re­cruit­ing a core team for the Leeds of­fice in Queen Street while Mr Bone will con­tinue to lead the New­cas­tle of­fice.

Cavu is chaired by David Wilkin­son, a for­mer se­nior part­ner at Deloitte.

Mr Bone said: “Stephen has an ex­cel­lent rep­u­ta­tion in cor­po­rate York­shire and we are de­lighted that he is ex­pand­ing Cavu’s of­fer­ing and geo­graph­i­cal foot­print to help pri­vate com­pa­nies, share­hold­ers, man­age­ment teams and pri­vate eq­uity in­vestors with his proven ex­per­tise and ex­ten­sive fund­ing net­works.”

Cavu has al­ready be­gan ad­vis­ing on deals in York­shire, hav­ing worked on the MBI of CoolCare and the exit of 25sev­enIT.

“The Leeds busi­ness has al­ready got off to a fly­ing start, ad­vis­ing 25sev­enIT on its exit to a Hori­zon Cap­i­tal port­fo­lio busi­ness and the man­age­ment buy-in of CoolCare Ltd from LNT Group.

“Out of New­cas­tle we have ad­vised on some of the most sig­nif­i­cant deals in the North East re­gion, in­clud­ing the Elysian Cap­i­tal in­vest­ment in Fast­flow, the Synova Cap­i­tal in­vest­ment into Fair­stone and the LDC in­vest­ment into Pa­trick Par­sons.

“The pipe­line is look­ing strong right across the re­gions with more deal com­ple­tions ex­pected in Jan­uary and th­ese are ex­cit­ing times for Cavu.

“There is more fi­nance avail­able than ever be­fore to com­pa­nies with growth po­ten­tial and we are com­mit­ted to help­ing them achieve their am­bi­tions by con­nect­ing them with the right funds to cre­ate wealth and em­ploy­ment across York­shire and the North East.”

As well as reg­u­lar ad­vi­sory mat­ters, Cavu also pro­vides strate­gic coun­sel to re­tained clients and sup­ports smaller high-growth busi­nesses with po­ten­tial to ac­cess the early stage eq­uity mar­kets.

It trans­acts across all sec­tors and ben­e­fits from work­ing with an ad­vi­sory board of ex­pe­ri­enced in­dus­tri­al­ists specif­i­cally across the tech­nol­ogy, health­care and en­ergy and en­gi­neer­ing sec­tors.

Cavu lists Cussins, Owen Pugh, J&B Re­cy­cling, Cre­at­ing Ca­reers, Che­moxy, Wither­slack Group, Lygo, HF Health­care. Mar­tel In­stru­ments and Gold­shield Elec­tronic Se­cu­rity among its clients for whom it has ar­ranged deals.

It can be dif­fi­cult for own­ers to get truly in­de­pen­dent ad­vice.

PIC­TURE: TOM BANKS

NEW AR­RIVALS:Stephen Moore, left, and Shawn Bone are to lead the new Leeds of­fice of Cavu Cor­po­rate Fi­nance.

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