The North East's newest corporate finance house has strengthened its dealmaking team as it continues its rapid growth in an improving market.
Shawn Bone founded Cavu Corporate Finance last year, based in City Quadrant near to Newcastle central station, to target mid-market transactions, ranging from £2m to £100m, focussing on disposals, acquisitions, private equity, development capital and debt raising, as well as providing strategic advice to retained clients.
Bone has now recruited Rob Jones to the Newcastle-based business who, for the last three years, has been spearheading efforts to secure development capital for clients of FW Capital and prior to that was a member of the PricewaterhouseCoopers (PwC) corporate finance team.
Bone, founder and director of Cavu Corporate Finance, said: “Rob is a key appointment for Cavu and strengthens our position in the North East market and further afield.
“His experience in helping clients secure equity funding for growth and development is a key skill at a time when many businesses are exploring ways to fund expansion plans using private equity and development capital. Rob’s appointment is a measure of confidence that both the deals markets and funding markets are improving rapidly.”
Jones joins Thomas Brunsnes, a former colleague of Bone’s, and Fiona Douglas, and the team is supported by an advisory board which helps with the strategic positioning of the boutique.
The advisory board allows Cavu to draw on the advice of technology entrepreneur Ross Smith and former PwC Head of Regional Corporate Finance and entrepreneur John Wall, with more sector-specific appointments to follow.
Jones trained and qualified at PwC in Newcastle, where he spent over five years in a variety of roles, latterly in the corporate finance team.
Since joining FW Capital in 2011, Jones has led on a number of deals including the fund’s successful investment into North East based Nonlinear Dynamics in 2012, which was sold to listed US business Waters Corporation a year later.
He has also helped raise development capital for a number of leading North East firms including Aesica Pharmaceuticals, International Pipeline Products, Quick Hydraulics, It’s All Good, Solutions Recruitment and Altec Engineering.
Jones said: “Cavu has an excellent business model with a real focus on sell-side, private equity and development capital and strong roster of clients. I’m delighted to be joining the team.”
Bone added: “Cavu continues to invest to take advantage of increased activity from clients including an increasing numbers of shareholders wishing to achieve a strategic exit from their business and companies wishing to access development capital or private equity to assist expansion.”