Cavendish

Cavendish is a full service investment bank, spanning private and public markets, and we are focussed on partnering with ambitious growth companies. Growth companies power the real economy and it is vital that they have access to pools of capital that support their growth. AIM is a critical part of the funding continuum for growth companies.   The latest research, commissioned by the London Stock Exchange and published by Grant Thornton UK LLP, highlights the remarkable impact AIM-listed companies have on the UK economy, both directly and through their extensive supply chains. Key Findings from the Report: • Job Creation: AIM companies directly supported over 410,000 jobs in 2023. Their influence extends further, supporting an additional 212,000 jobs through their supply chain activities. • Economic Contribution: These companies contributed a significant £35.7 billion to the UK’s GDP. Including supply chain expenditure, their total contribution rises to an impressive £54.3 billion. • Driving Productivity and Exports: AIM companies continue to outperform national averages in terms of productivity and export levels, proving themselves as vital players in both regional and national economic growth. AIM’s reach across various regions of the UK is testament to its role in driving economic development beyond just London and the Southeast. This research confirms what we’ve witnessed first hand: AIM companies are at the forefront of innovation, job creation, and value generation. At Cavendish we are dedicated to supporting and championing the AIM community and AIM as a market. The full report is available here: https://lnkd.in/e8ttgErn #AIM #CapitalMarkets #uk

As featured in the latest issue of Corporate Financier, Julian Morse, CEO of Cavendish, shared insights into the shifting dynamics of the UK's IPO market. After a challenging year for public offerings, there are promising signs on the horizon. Julian noted, "The IPO window has been closed as an option for the past 12 months, but we are working with five companies with a view to IPO, securing initial investments into them." These companies, spanning diverse sectors, demonstrate renewed confidence in the UK market from both domestic and international investors.   The report highlights the current landscape of global investment and M&A, exploring how regulatory changes and market conditions are shaping the outlook for UK listings. It also discusses the growing need for public markets to provide essential capital recycling opportunities. As Julian Morse pointed out, both UK and Silicon Valley VC funds are saying they “absolutely need public markets for the recycling of capital. We need the whole ecosystem and need that competitive tension.”   Cavendish remains committed to guiding companies through dual-track processes, ensuring valuations are optimised when the IPO option becomes viable. As markets stabilise and investor sentiment improves, 2025 could be a pivotal year for UK listings. To read the full article written by Marc Mullen, please see here https://lnkd.in/eqGVFvzE   For more information on how Cavendish can assist with your IPO plans, please contact our team.

Cavendish is pleased to announce the successful completion of Facilities by ADF plc's acquisition of Autotrak Portable Roadways Limited for a consideration of up to £21.3 million and the associated heavily oversubscribed £20.5 million equity fundraising. Pursuant to the fundraising, £10.5 million has been raised by Facilities by ADF to facilitate the acquisition, with existing shareholders raising an additional £10.0 million. Facilities by ADF is the leading provider of premium serviced production facilities to the UK film and high-end television industry and the acquisition of Autotrak is the next step in the delivery of the Group's vision for ADF as a one-stop shop for film and HETV production, operating across multiple businesses. Marsden Proctor, CEO of Facilities by ADF plc, remarked on the transaction saying "I am delighted to announce the completion of the acquisition of Autotrak, which marks a material step in Facilities by ADF's stated strategy and further diversifies the group's product and service offering. The Acquisition is therefore a further endorsement of ADF's aspirations of generating £100m of revenues in the medium term." Ben Jeynes, Corporate Finance Director at Cavendish said "The strong support the fundraise received is testament to Facilities by ADF's continued delivery of its stated strategy. The acquisition of Autotrak, one of the market-leading suppliers of portable roadway to the film and TV sector in the UK whilst also servicing festivals & outdoor events and construction and related industries, is the Group's second acquisition since ADF's IPO in 2022 and sees the Group further expand its offering and reach."

We were pleased to attend the Capital Markets Industry Taskforce second annual conference, which marked a significant milestone for the UK's financial markets. Alongside celebrating the launch of the new Main Market at the London Stock Exchange, the conference brought together participants from across the UK’s private and public capital markets, members of Government, regulators and policymakers to reflect on the progress made to date, alongside the opportunities and challenges ahead.   As part of the conference, CMIT announced the publication of the Capital Markets Of Tomorrow (CMOT) report led by Sir Nigel Wilson, which sets out a framework designed to help deliver long term growth for the UK economy.   At Cavendish, we welcome this report and its proposed solutions, and support CMIT’s ultimate ambition in designing a system that will force positive change for UK capital markets. We look forward to being part of this next chapter of UK capital markets development. https://lnkd.in/eFf_-yGa #capitalmarkets #cmit #ukeconomy

Cavendish is pleased to announce the successful completion of a £12.5m fundraising for Revolution Bars Group PLC. This funding will support the Restructuring Plan proposed by Revolution Bars Group, a leading operator of premium bars and gastro pubs, securing a sustainable and prosperous future for the business amidst external market challenges. Rob Pitcher, CEO of Revolution Bars Group plc, remarked on the successful completion, saying, "The completion of this fundraising is a crucial step in our journey towards a more resilient and future-focused business. We are committed to delivering exceptional value to our stakeholders and enhancing our position as a leading operator in the premium bar and gastro pub sector." Matt Goode, Head of Consumer for Cavendish Capital Markets, added, "We are delighted to have supported Revolution Bars Group once again. This successful fundraising not only reinforces its financial stability but also paves the way for future growth. With the new funding secured Revolution Bars Group will provide outstanding guest experiences in its premium venues, and we look forward to continuing to work with the team in the future." #hospitality #consumer #foodandbeverage

Cavendish is pleased to have acted for Plant Health Care, Inc. in its acquisition by PI Industries Ltd for £32.8 million. Plant Health Care, a leading provider of innovative biological products, has been at the forefront of developing sustainable solutions for agriculture. This acquisition will significantly enhance PI Industries' portfolio, whilst enabling an expedited commercial scale-up of Plant Health Care’s products by leveraging PI’s complementary technologies, expertise and infrastructure. Peter Lynch, CA, Associate Director at Cavendish, remarked: "This transaction is a testament to the increasing value placed on sustainable agricultural solutions. The integration of Plant Health Care’s cutting-edge technologies with PI Industries’ global reach will create a formidable force in the market, driving innovation and sustainability in agriculture. We are delighted to have been part of this significant step towards a more sustainable future for the industry." Read more here - https://lnkd.in/e4maaEAs #naturalresources #publicmanda #sustainableagriculture

Cavendish is pleased to announce the successful sale of NFS Technology Group to Korbyt, in partnership with Clearhaven Partners. This strategic transaction marks a significant milestone in the evolving workplace technology sector.   NFS Technology, a global leader in meeting room management and resource scheduling, has been at the forefront of enhancing operational efficiency for businesses worldwide. Their integration with Korbyt’s workplace experience platform will create a comprehensive suite of tools aimed at boosting productivity and employee engagement.   Anthony Platt, Head of Technology at Cavendish, commented: “We are delighted to have advised NFS Technology on this significant sale. This transaction highlights our deep expertise in the technology sector and marks our 13th successful deal this year. It’s a testament to the strength and dedication of the Cavendish Technology team to deliver exceptional outcomes for our clients in this fast-evolving sector.” Read more here - Cavendish deal team: John Farrugia, Paris McNicol-Outch, Tom Holland-Hibbert #technology #employeeengagement #software

At Cavendish, we delighted to have collaborated with leading Healthcare and Life Sciences analysts across the City to address critical challenges and opportunities for our sector. Together, we have penned a joint letter to the UK Government, highlighting six key themes to help the UK solidify its position as a global life sciences leader. Our proposals focus on improving capital flows, embracing NHS innovation, enhancing R&D tax relief, retaining top talent, driving entrepreneurialism, and pushing for bold, swift action. We believe these steps are essential for fostering a vibrant ecosystem that not only advances healthcare but also contributes significantly to the UK’s economic growth. This is about more than just policy—it’s about harnessing the full potential of the UK’s life sciences and healthcare sectors to benefit patients, businesses, and the economy. We look forward to engaging with government leaders to turn these proposals into action and drive forward a decade of growth. Many thanks to Matthew Neal for co-ordinating. #lifesciences #healthcare

This edition of the Cavendish Quarterly Consumer Note looks at the sector for Q2 2024 with the focus for this quarter on the travel sector. In it we explore the M&A activity in travel, driven by renewed consumer spend in the vertical, some positive economic trends and the desires of both buyers and sellers.   To download the report, please click here, or visit our website. https://lnkd.in/dn2Yiwub #consumer #travel #TravelSector #TravelIndustry #TravelTrends

Cavendish is pleased to announce that it has advised on the sale of DOFF PORTLAND GARDEN PRODUCTS to global pest control group Pelsis Group.   This is another successful deal for the Cavendish team in the horticultural and wider FMCG sectors.   Commenting on the news, Jonathan Buxton, Partner at Cavendish said: “Congratulations to the Doff shareholders and management team on this landmark transaction. Doff is a near-perfect fit with Pelsis, giving them a major consumer brand and a leading position in the environmentally-responsible gardening category.”     To read more about this, visit: https://lnkd.in/eakYyy2J