Acquisition Finance For Unified Communications

Cavendish, the full-service investment bank for growth and investment companies, is pleased to announce that it has advised on the merger of Goedhuis & Co and Waddesdon Wine, a subsidiary of the Rothschild Foundation, which completed on 3 November 2023.

Both companies will initially continue to trade under their existing names while the two businesses are fully integrated, to ensure no disruption to clients or suppliers. The new entity, Goedhuis Waddesdon Limited, is poised to become a formidable presence in the wine industry, uniting exceptional wine expertise, prestigious portfolios and first-class levels of service to create an unparalleled destination for wine collectors, retailers and hospitality businesses seeking to elevate their standards of wine excellence.

Goedhuis & Co is a distinguished, multi-award-winning fine wine merchant with over four decades of experience, celebrated for its expertise in all the great wine regions, with a particular focus on Burgundy and Bordeaux. Waddesdon Wine represents wines from Domaines Barons de Rothschild Lafite and Edmond de Rothschild Heritage exclusively within the UK.  Waddesdon Wine also represents Hundred Acre and collaborates closely with esteemed wineries including Henri Bourgeois and Penfolds.

Chateau Lafite Rothschild will retain a shareholding in the newly merged Goedhuis Waddesdon Limited. Goedhuis Waddesdon’s headquarters will be in London Bridge and at the Rothschild estate, Waddesdon Manor which has recently opened its newly renovated cellars which house the largest collections of Chateau Lafite Rothschild and Chateau Mouton Rothschild outside of Bordeaux.

The lead advisers on the transaction were Lord Leigh of Hurley, Senior Partner, Rebecca McCredie, Director and Tom Holland-Hibbert, Associate.

Lord Leigh of Hurley, Senior Partner of Cavendish, commented:

“It has been a pleasure working with both the Goedhuis & Co and Waddesdon Wine teams. The partnership will enable the newly formed Goedhuis Waddesdon Limited to accelerate its expansion plans whilst remaining dedicated to its core offering. I look forward to watching its continued success.”

Johnny Goedhuis, Chairman of Goedhuis Waddesdon Limited, said:

“What makes this deal so special is the combination of Waddesdon’s extensive reach in the on-trade and their unique relationships with leading Bordeaux chateaux, with Goedhuis’ private client expertise and our extensive contacts in Burgundy and Italy. We are delighted to be joining forces with their great team and look forward to a shared future as a thrilling home for premium wineries and their clients.

finnCap Group is proud to announce that it has helped advise on a successful first major fundraise for CYJAX, an award-winning, London-based SaaS provider of threat intelligence solutions for enterprise and public sector organisations.

The funding will be strategically allocated to fuel key initiatives across R&D (primarily to accelerate its AI product development roadmap) and to strengthen its workforce across its engineering, sales, and marketing functions.

Since its inception, CYJAX has achieved notable milestones, winning both industry and peer awards, including becoming the first small business in history in the UK to provide services directly to national policing. With this successful funding round, the company is poised to accelerate its growth trajectory and solidify its position in the cyber security marketplace.

Advisers to CYJAX from finnCap Cavendish were Anthony Platt (Partner and Co-head of Technology) and Soben Durai (Senior Associate).

Anthony Platt, Partner and Co-head of Technology at finnCap Cavendish, commented:

“We are delighted to have worked with Kevin and the CYJAX team in their fundraising. CYJAX’s expertise in cybersecurity threat intelligence and impressive client base will be further strengthened with the investment. The funds will be used to expand their team and develop AI capabilities, setting the stage for continued growth.”

finnCap Cavendish, part of finnCap Group plc, is pleased to announce it has advised Inflexion, a leading mid-market private equity firm on its investment into TC Group, a provider of accountancy and taxation services to UK SMEs. The investment is being made from Enterprise Fund V, Inflexion’s dedicated lower mid-market fund.

TC Group is an Accountancy Age ‘Top 30’ firm and provides bespoke, high-quality accounting, bookkeeping, tax, audit and payroll services. It operates through 29 local offices throughout the UK with over 500 employees servicing almost 15,000 customers, and has a successful track record of M&A and profitability. TC focuses on enabling partners to retain their autonomy and grow their income whilst providing industry leading infrastructure and support.

TC Group has a strong track record of organic growth and through acquisition, with 28 completed to date and a strong pipeline of further opportunities. Inflexion brings significant buy and build experience, having completed over 440 throughout its near 25-year history. Inflexion will support the business as it continues its strategy to consolidate the fragmented market.

Advisers to Inflexion from finnCap Cavendish were Andrew Jeffs (Partner), Leigh Webb (Head of PE Sponsor Coverage & Elliott Jeans (Associate Director).

Andrew commented:

“We are delighted to have advised Inflexion on its investment into TC Group.  It is a deal that highlights the continued appetite of private equity to invest in the professional services sector especially firms with differentiated models like TC has. Congratulations to Malcolm, his team and all involved on the successful investment.”

“This deal evidences the focus and capability finnCap Cavendish has on the professional services and wider business services sector. It also marks another notable buyside credential for the firm”.