Ambition Delivered

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”.

finnCap Cavendish, part of finnCap Group plc, is pleased to announce it has advised on the sale of five sites of John Nicholls Trading Ltd, the Midlands-based independent builders’ and plumbing merchants, to MKM Buildings Supplies, the UK’s leading independent builders’ merchant.

Founded in 1965 by late chairman John Nicholls, the group has grown significantly over the years from one branch in Banbury to over 25 sites covering Oxfordshire, Warwickshire, Northamptonshire, and Dorset. The business offers a wide range of building and plumbing materials and kitchen and bathroom suites and accessories. In 2014, it acquired J&B's Plumbing & Heating based on the South Coast, adding an additional 8 Plumbing & Heating branches and 5 Bathroom Showrooms.

MKM has acquired builders’ merchants branches in Banbury, Bicester, Kidlington and Rugby together with a distribution centre at Long Hanborough, adding to its 100-plus network.

This transaction also marks the retirement of Philip Nicholls (Director) and David Hebdon (CEO), with Andrew Nicholls (Executive Chairman) leading a management buy-out of the remaining branches alongside four Directors, encompassing the company’s plumbing and heating division.

Advisers to John Nicholls Trading from finnCap Cavendish were Peter Gray (Partner), Mike Dinsdale (Director) & Daniel Dwyer (Associate).

Mike Dinsdale, Director at finnCap Cavendish, said:

“We are delighted to have advised the Shareholders on this deal. In a rapidly consolidating sector, this transaction sees MKM continue its regional expansion strategy, acquiring five Nicholls builders’ merchant branches in fantastic locations that are known for providing excellent service to customers in the local community.”