THE region’s leading independent corporate finance house has promoted a key member of staff whilst aiming to make further appointments as it looks to builds on three solid years of growth.
Shawn Bone, who established Newcastle-based Cavu Corporate Finance in 2013, says the promotion of Thomas Brunsnes is recognition of his efforts and achievements.
And Mr Bone, who says the business is growing strongly year-on year, is also in the process of recruiting a non-executive Chairman and a new director.
Cavu, which is based in City Quadrant, on Waterloo Street, specialises in the sale of businesses, acquisitions, and raising private equity and development capital.
In 2016 it completed some major deals including the £25m private equity investment into Fairstone Group and the sale of specialist oils business, Action Can, to US conglomerate CRC Industries.
The skills of former Assistant Director Thomas Brunsnes in these transactions, has seen him promoted to the position of Corporate Finance Director.
Mr Bone said: ”Thomas was my first appointment on establishing the business and he has worked successfully with a range of clients in that time.
“Having been heavily involved with Fairstone on their £25m private equity raising, and with Fastflow on its acquisition strategy, Thomas is now more than ready for his new role. I am delighted to see him take the step up to Corporate Finance Director.”
Commenting on the state of the market Mr Bone says he is expecting a busy 2017, despite concerns over Brexit.
“We are expecting 2017 to mark our fourth year of successive growth and are looking to add to the team at senior levels to support our future development.”
He added: “There continues to be strong overseas trade interest in certain businesses. We are also expecting the private equity market to show continued interest over 2017 so it remains an interesting market for sellers and those businesses looking to raise private equity or development capital.”