finnCap Group plc celebrated its admission to AIM as it opened trading at the London Stock Exchange this morning, Wednesday 5th December.
finnCap, led by CEO Sam Smith, is building an integrated offering for growth companies to raise private and public equity and debt, alongside advice on acquisitions and disposals with a clear mission to help ambitious companies grow.
finnCap announced in October that it would be acquiring Cavendish Corporate Finance LLP and its intention to seek application for admission of the entire share capital of the new holding company, finnCap Group plc, to trading on AIM.
Its strategy will be to expand its successful equity capital market business, add additional services of which the acquisition of Cavendish forms a key part, and focus on further building recognition of its brand in core markets.
Since 2007, finnCap has demonstrated its fundraising and advisory capabilities and has raised over £2.6 billion for its clients. finnCap is retained as financial adviser or broker to 127 quoted companies. Cavendish was founded in 1988 and has a team of 40 people primarily focused on sell-side M&A advisory services on mandates relating to companies with an enterprise value of up to £500 million.
finnCap’s CEO Sam Smith will be the Chief Executive of the enlarged group, while Cavendish co-founder and Senior Partner Lord Leigh of Hurley will become Executive Deputy Chairman.
CEO Sam Smith said:
“I am delighted to celebrate finnCap Group plc’s admission to AIM and the successful launch of the combined group on the London Stock Exchange today. This marks an important step forward in the Group’s drive to become a leading full-service provider of growth capital and advisory services to ambitious companies both public and private. We look forward to updating investors on our progress as we strive to become the corporate adviser of choice to the UK’s leading growth companies.”