FinnCap

Last updated
Cavendish Financial
Company type Public
AIM: CAV
IndustryFinancial Services
Headquarters London, EC1A 7BL
United Kingdom
Key people
Lisa Gordon, (Chairman)
John Farrugia, (Co-CEO)
Julian Morse, (Co-CEO)
Number of employees
195
Website cavendish.com

finnCap Group, comprising finnCap Capital Markets and finnCap Cavendish, is a British investment bank, financial services firm, and a corporate and institutional stockbroker, based in London. It provides strategic advisory and capital raising services, including: investment banking, equities research, [1] institutional sales and trading, [2] and market making. In May 2022 it acquired a 50% interest in Energise Limited a UK-based sustainability consultancy adding key ESG advisory capability to its services.

Contents

The group provides financial services in capital markets, PLC strategic advisory, debt advisory, M&A, and raises private growth capital. The company provides research on about 150 companies and makes markets in about 130 stocks, on the Alternative Investment Market, the London Stock Exchange’s junior market and the London Stock Exchange’s Main Market.

finnCap employs 149 people and is majority employee-owned.[ citation needed ] The company is led by John Farrugia, CEO and Richard Snow, CFO and the Chairman is Robert Lister.

History

finnCap was founded in 2007 following a 50% buyout of JM Finn's corporate advisory and broking division. The buyout was completed in May 2010 when the remaining 50% of the company was acquired from JM Finn, making the company wholly independent. [3] At this time the company also changed its name from J. M. Finn Capital Markets Ltd to finnCap Ltd, in line with the company trading name.

In 2013, finnCap received regulatory clearance to begin market-making activity, and in 2014 became an FCA Sponsor for Main Market transactions.[ citation needed ]

In 2018 finnCap Ltd acquired Cavendish Corporate Finance LLP, a leading UK independent M&A adviser which subsequently rebranded as finnCap Cavendish, enabling the group to provide an enviable end-to-end service offering which now includes investment banking, equities, debt advisory, public M&A, private growth and alternative capital as well as significant sector expertise.

finnCap floated on AIM in December 2018 and began trading as finnCap Group Plc. [4]

in its financial year to 31 March 2022, finnCap was the leading NOMAD on AIM with c.120 retained clients and completed cliented transactions with an aggregate deal value of over £3.2 billion[5]:

o    raising £700m equity

o    advising on 29 public and private M&A transactions with an aggregate value of c2.1 billion:

o    raising c.£400m debt finance

Related Research Articles

<span class="mw-page-title-main">Investment banking</span> Type of financial services company

Investment banking is an advisory-based financial service for institutional investors, corporations, governments, and similar clients. Traditionally associated with corporate finance, such a bank might assist in raising financial capital by underwriting or acting as the client's agent in the issuance of debt or equity securities. An investment bank may also assist companies involved in mergers and acquisitions (M&A) and provide ancillary services such as market making, trading of derivatives and equity securities, FICC services or research. Most investment banks maintain prime brokerage and asset management departments in conjunction with their investment research businesses. As an industry, it is broken up into the Bulge Bracket, Middle Market, and boutique market.

Private equity (PE) is capital stock in a private company that does not offer stock to the general public. In the field of finance, private equity is offered instead to specialized investment funds and limited partnerships that take an active role in the management and structuring of the companies. In casual usage, "private equity" can refer to these investment firms rather than the companies that they invest in.

<span class="mw-page-title-main">Financial services</span> Economic service provided by the finance industry

Financial services are economic services tied to finance provided by financial institutions. Financial services encompass a broad range of service sector activities, especially as concerns financial management and consumer finance.

<span class="mw-page-title-main">Nomura Securities</span> Japanese financial services company

Nomura Securities Co., Ltd. is a Japanese financial services company and a wholly owned subsidiary of Nomura Holdings, Inc. (NHI), which forms part of the Nomura Group. It plays a central role in the securities business, the group's core business. Nomura is a financial services group and global investment bank. Based in Tokyo, Japan, with regional headquarters in Hong Kong, London, and New York, Nomura employs about 26,000 staff worldwide; it is known as Nomura Securities International in the US, and Nomura International plc. in EMEA. It operates through five business divisions: retail, global markets, investment banking, merchant banking, and asset management.

<span class="mw-page-title-main">Nomura Holdings</span> Financial holding company

Nomura Holdings, Inc. is a financial holding company and a principal member of the Nomura Group, which is Japan's largest investment bank and brokerage group. It, along with its broker-dealer, banking and other financial services subsidiaries, provides investment, financing and related services to individual, institutional, and government customers on a global basis with an emphasis on securities businesses.

<span class="mw-page-title-main">Renaissance Capital</span> Russian investment bank

Renaissance Capital is an emerging and frontier markets focused investment bank founded in 1995 in Russia. The firm has offices in Moscow, London, New York, Lagos, Nairobi, Cairo and Nicosia.

<span class="mw-page-title-main">Baird (investment bank)</span> American investment firm

Robert W. Baird & Co. is an American multinational independent investment firm and financial services company. It is the principal U.S. operating subsidiary of Baird, an international, employee-owned financial services firm providing investment banking, capital markets, private equity, wealth management, and asset management services to individuals, corporations, institutional investors, and municipalities.

<span class="mw-page-title-main">Houlihan Lokey</span> American investment bank and financial services company

Houlihan Lokey, Inc., is an American multinational independent investment bank and financial services company. Houlihan Lokey was founded in 1972 and is headquartered at Constellation Place in Century City, Los Angeles, California. The firm advises large public and closely held companies as well as institutions and governments. Its main service lines include mergers and acquisitions, capital markets, restructuring and distressed M&A, fairness opinions, and financial and valuation advisory. As of March 2024, Houlihan Lokey employs more than 2,600 employees worldwide.

<span class="mw-page-title-main">Macquarie Group</span> Australian investment bank and financial services company

Macquarie Group Limited, known more commonly as Macquarie Bank, is a global investment banking and financial services group providing banking, financial advisory and investment, and funds management services, to institutional, corporate, and retail clients and counterparties, around the world, headquartered in Sydney and listed in Australia. Macquarie Bank employs more than 20,000 staff across four operating groups in 34 markets and its Investment Banking division is Australia's top ranked mergers and acquisitions adviser with more than A$871 billion in assets under management and is the world's largest infrastructure asset manager.

BMO Capital Markets is the investment banking subsidiary of Canadian Bank of Montreal. The company offers corporate, institutional and government clients access to a range of financial services. These include equity and debt underwriting, corporate lending and project financing, merger and acquisitions advisory services, securitization, treasury management, market risk management, debt and equity research and institutional sales and trading.

<span class="mw-page-title-main">Trimaran Capital Partners</span> American middle-market private equity firm

Trimaran Capital Partners is a middle-market private equity firm formerly affiliated with CIBC World Markets. Trimaran is headquartered in New York City and founded by former investment bankers from Drexel Burnham Lambert. Trimaran's predecessors were early investors in telecom and Internet businesses, most notably backing Global Crossing in 1997. Trimaran also led the first leveraged buyout of an integrated electric utility.

BGR Capital & Trade, LLC is a boutique investment bank focused on sell side and buy side mergers and acquisitions, divestitures, management buyouts, leveraged buyouts, capital raising, and joint ventures. Headquartered in Washington, D.C., BGR Capital & Trade has an office in London’s West End as well as affiliates in Europe, Asia, and the Middle East. BGR Capital & Trade is a subsidiary of BGR Group, a Washington, DC-based lobbying firm.

BMCE Bank International, formerly known as MediCapital Bank Plc is an international bank specialising in Africa.

<span class="mw-page-title-main">Lincoln International</span> Multinational financial services company

Lincoln International LLC is a multinational independent investment bank and financial services company specializing in advisory services and financings on middle market transactions. The firm works with publicly traded and privately owned companies, financial sponsors, and lenders. The firm provides advisory services including mergers & acquisitions, capital advisory consisting of growth equity, debt and restructuring advisory, valuations and opinions, private funds advisory and joint ventures & partnering. The firm completed more than 400 advisory assignments globally in 2021, as well as over 10,000 debt and equity valuations.

JPMorgan Chase is an American multinational banking corporation with a large presence in the United Kingdom. The corporation's European subsidiaries J.P. Morgan Europe Limited, J.P. Morgan International Bank Limited and J.P. Morgan Securities plc are headquartered in London.

<span class="mw-page-title-main">Afrinvest</span> Nigerian capital market holding company

Afrinvest Limited is a Nigerian capital market holding company with specialized subsidiaries focusing on the unique but integrated wealth management needs of clients in West Africa. The subsidiaries are Afrinvest Asset Management, Afrinvest Capital, Afrinvest Consulting, Afrinvest Securities and Afrinvest Trustees.

Sam Smith is a British businesswoman and financier. She is the founder and chief executive of the corporate advisor and brokerage firm FinnCap, the largest broker for companies listed on London's growth stock market AIM and a top five broker for the London Stock Exchange. Smith is the first female chief executive of a City stockbroking firm.

<span class="mw-page-title-main">Leerink Partners</span> U.S. investment bank

Leerink Partners LLC is an independent investment bank providing healthcare companies and investors with financial services including M&A advisory, equity and debt capital markets, proprietary research, and sales and trading capabilities. The firm was founded in 1995 by Jeffrey A. Leerink, and is headquartered in Boston, with offices in New York City, San Francisco, Charlotte, and Nashville.

Kepler Cheuvreux is an independent European financial services company specializing in research, execution, advisory, and asset management services. Kepler Cheuvreux has 12 offices in Europe, 2 offices in the United States, and 600 employees worldwide.

References

  1. Investors Chronicle. Financial Times Business Pub. 2009. p. 44.
  2. "City AM - Cenkos battles FinnCap". Archived from the original on 2014-07-06. Retrieved 2014-04-07.
  3. Business Sale - £2.5 million FinnCap buy-out completed
  4. "About Us | Who We Are". finnCap. Retrieved 2021-09-08.