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.