Castelnau Group Ltd Directorate Change
14 Settembre 2023 - 8:01AM
UK Regulatory
TIDMCGL
14 September 2023
CASTELNAU GROUP LIMITED
(a closed-ended investment company incorporated in Guernsey with registration
number 67529)
(The "Company")
LEI Number: 213800PED8RFUBMK1T64
Directorate Change
Further to its announcement on 21 August 2023, Castelnau, a long-term investor
in businesses with competitive advantages where Castelnau can help drive growth,
is today pleased to announce the appointment of Richard Brown as Non-Executive
Director of the Company and Chief Executive Officer of Castelnau Group (a
subsidiary of the Company) with immediate effect.
A former investment banker, Richard has over 14 years of corporate finance
experience. He has advised firms ranging from the largest FTSE 100 companies to
private businesses, UK-focused as well as international. Richard has also played
an instrumental part in numerous high-profile M&A and ECM transactions and has
significant experience of acting more generally as a key boardroom adviser.
Richard most recently worked for more than seven years at Morgan Stanley in its
UK investment banking and corporate broking team. He has previously worked at
Peel Hunt and Barclays, having initially qualified as a chartered accountant at
KPMG.
Gary Channon, CIO of PAMP, said: "We are thrilled that Richard is joining us. He
brings a wealth of corporate finance knowledge, as well as significant
experience in providing strategic board level advice. We recently worked with
him on the acquisition of Dignity and it is clear he has the attributes and
skillset to help drive Castelnau forward. I look forward to working closely with
Richard as we continue to execute on the huge opportunities that lie ahead for
the Group."
Richard Brown, incoming CEO of Castelnau Group, said: "I am delighted to be
joining such a great business. Castelnau is highly differentiated in its
approach, providing genuine long-term capital to exciting businesses with strong
competitive advantages. Its rigorous approach to capital allocation and clear
focus on helping its businesses flourish by adding significant strategic and
operational guidance where needed, give me considerable confidence in our
future. I look forward to building on these strong foundations and working with
the excellent team at Castelnau to realise the Company's full potential."
Castelnau Group is a wholly owned subsidiary of the Company. There are no
disclosures to be made equivalent to those required by LR 9.6.13 (2-6).
Enquiries
Castelnau Group
info@castelnaugroup.com
Liberum Capital Limited
+44 (0) 20 3100 2000
Darren Vickers
Owen Matthews
Will King
Citigate Dewe Rogerson
+44 (0) 20 7638 9571
Caroline Merrell
Toby Moore
Notes to Editors
Castelnau Group Limited ("CGL") is a Guernsey closed-ended company listed on the
Specialist Fund Segment of the London Stock Exchange. Formed by Phoenix Asset
Management Partners Limited in 2020, its listed structure provides the manager
with a permanent capital vehicle with which to make long-term investments and
acquisitions in public and private businesses of all structures and sizes. It's
investment philosophy involves acquiring large stakes in, and capital to,
businesses that have, or can create, strong competitive advantages. Castelnau
Group's portfolio comprises investments in Valderrama (Dignity), Hornby Plc,
Stanley Gibbons Group, Showpiece Technologies Limited, Silverwood Brands plc and
The Cambium Group, as well as in two `enabling' businesses, Rawnet Limited and
Ocula Technologies Limited.
Castelnau Group Services Limited ("CGSL" or "Castelnau Group") is a wholly owned
subsidiary of the Castelnau Group Limited which provides business support to the
portfolio companies ranging from commercial, technology and financial
consultancy to board support, marketing, branding and culture development. CGSL
also facilitates collaboration between portfolio companies, using cross-group
expertise to help each company with its unique development. CGSL employs a
direct team and also subcontracts staff from group companies to maximise the
benefits of the investment in the group's resources.
Phoenix Asset Management Partners Limited is the Investment Manager to
Castelnau. PAMP has been investing in UK listed equities for 25 years using a
long-term, business-focused approach. Its investment process aims to identify
great businesses through intensive primary research for which it is well known
and can often last many years before choosing to make an investment. Once an
investment is made, the investment team maintains this intensive approach to
research through in-depth monitoring of the businesses and the markets in which
they operate.
This information was brought to you by Cision http://news.cision.com
END
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