Craven Street Capital Limited – MBO and Rebranding of PSource Capital Limited
April 28 2017 - 2:00AM
Business Wire
The management team of PSource Capital Limited, led by Soondra
Appavoo, Managing Director, and Charles Lens, Executive Director,
are delighted to announce the management buy-out (MBO) of PSource
Capital Limited by its management team and rebranding of the
business to Craven Street Capital Limited. The company was
purchased from Punter Southall Group Limited, a financial services
group with over 930 employees across the UK. Angus Samuels, the
Chairman of Punter Southall Group will remain on the board of
Craven Street Capital as its chairman.
Craven Street Capital is a corporate finance advisory business
providing high-quality independent advice and execution
capabilities in mergers and acquisitions, fundraising across the
capital structure, IPOs, project finance, structured finance and
fund management. The company has a focus on the financial services,
healthcare and energy/infrastructure sectors. Craven Street Capital
works closely with client management to give high quality strategic
advice, lead complex fundraising and M&A transactions and
assist in financial modelling.
Managing Director, Soondra Appavoo commented: “We are excited to
undertake the MBO of Craven Street Capital. Our team combines
structuring skills with debt and equity fundraising and M&A
advice. This is a rare combination. We embrace complexity and we
are seeing increasing dealflow. This is the right moment to start a
new chapter as an independent, employee owned business. We continue
to have a close relationship with Punter Southall Group and are
delighted that Angus Samuels will continue to act as our
Chairman.”
Jonathan Punter, CEO of Punter Southall Group commented:
“PSource Capital has played an important role within the Punter
Southall Group in the ten years since its inception, including most
notably the advice they provided on the merger of P-Solve Limited
with River & Mercantile Asset Management and subsequent float
of the combined business on the London Stock Exchange as the River
& Mercantile Group. We wish the team the very best going
forward are proud to remain a client and a continuing shareholder
in Craven Street Capital.”
About Punter Southall Group Limited
The Punter Southall Group was founded in 1988 by Jonathan Punter
and Stuart Southall. The group and its associated companies provide
actuarial advice, pensions consultancy, administration, risk and
investment services for pension scheme trustees, employers, private
clients, Lloyd’s insurers and institutions.
About Craven Street Capital Limited
Craven Street Capital is an independent corporate finance
business with a team of 6 professionals based in London. Craven
Street Capital provides strategic advice, debt and equity
fundraising, M&A advisory and IPO advisory services.
The business undertakes transactions from £10-200m and recent
deals include:
• £184m debt, equity and mezzanine fundraise for Insur-tech
business (to be announced)
• £30m debt raise for Proton Partners International, a leading
cancer treatment business
• £150m merger of River and Mercantile Asset Management and
P-Solve and subsequent IPO as River and Mercantile Group
Website: http://www.cravenstreetcapital.com
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version on businesswire.com: http://www.businesswire.com/news/home/20170427006257/en/
Craven Street CapitalSoondra AppavooManaging
Directorsma@cravenstreetcapital.comorCharles LensExecutive
Directorcharles@cravenstreetcapital.com