Financial Institution Management, Market Deal Facilitation, and Wealth Advising Services
This Tea's On Us: Cavendish Buckles Down After Financial Turnaround
Hear ye, hear ye! The UK's very own Cavendish PLC, that prime investment bank based in blighty's capital, ain't about to sell a lick of its services, despite a tantalizing offer for some of 'em pieces. According to their co-CEOs, this bank has its eyes set on expanding its service lineup.
Now, let me spill the bean (or rather, the numbers) on the bank's recent financials. This last fiscal year, they managed to scrape together a pre-tax profit of £700,000, reversing a £4.3 million loss from the previous year. Their growth came from a boom in private mergers and acquisitions, debt financing, and equity capital markets, despite a 55% plummet in revenues from public M&A, balanced out by a 23% surge in equity issuance.
When it comes to expanding its offerings, Cavendish has shut down all rumors of selling its private merger and acquisition or debt advisory services. No backroom chats or dealings in the works, folks. Instead, they're aiming to morph into a full-service, all-singing, all-dancing small and mid-cap investment bank here in the dear old UK. That means they're looking to bring more services to the table, rather than letting go of parts of the pie.
As for those out there hoping to snap Cavendish up, the management team has made it perfectly clear – they ain't interested in selling! They've maintained their independence and are sticking to their guns, pursuing organic growth strategy.
So, to sum it all up, Cavendish ain't got no plans to gobble up other firms or ditch its core services. Instead, they're positioning themselves to thrive in the UK's dynamic small and mid-cap market and expand their offerings. But don't expect them to reveal their future acquisition targets just yet. Just sit tight and watch the game unfold, mate!
[1] - Cavendish PLC return to profit – Financial Times[2] - Cavendish PLC growth driven by private M&A, debt financing – City A.M.[3] - No talk of divestments for Cavendish PLC – Investment Week[4] - Cavendish PLC continues to weather the storm – PitchBook
In light of their recent financial success, Cavendish PLC, a UK-based investment bank, is not considering selling any of its services and instead aims to broaden its business offerings within the small and mid-cap market. This strategic expansion will include new services in private mergers and acquisitions, debt financing, and equity capital markets, further establishing Cavendish PLC as a full-service investment bank.
