REG-Castelnau Group Ltd: Directorate Change

CastelnauAnnouncement

14/09/2023 07:15

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.



Copyright (c) 2023 PR Newswire Association,LLC. All Rights Reserved