The UK is a major hub of international finance with an evolving and growing financial services industry. The FS landscape remains one of shifting dynamics, with opportunities presenting themselves for those who can offer better customer acquisition and retention and/or improved cost control and efficiency. By focusing on innovation or specialist expertise, niche operators are still able to penetrate consumer and SME markets, once almost exclusively the domain of the larger incumbents.
On the other side, strategic players, often encumbered with legacy technology platforms, are increasingly aware that the buy vs build valuation favours the former over the latter as they often lack the ability to bring new products or systems to market.
Cavendish has a strong record in selling a whole range of entrepreneurial FS businesses including those dedicated to insurance, payments, consumer finance, specialist lending and support services into the wider FS space. Our team is in regular contact with major UK and overseas FS companies as well as both generalist and FS-focused private equity houses. We understand well their acquisition aspirations and future strategic plans.
Cavendish advised on the sale of Tempcover Limited
Cavendish Corporate Finance is pleased to announce that it has advised on the sale of Tempcover Limited (“Tempcover”), the UK’s leading provider of easy-to-understand, direct to consumer, short-term motor insurance products. The sale was concluded to Connection Capital LLP (“Connection”).
Recent deals for Financial Services
Halo Insurance Services Limited
A joint venture with Cover More Travel Insurance & Zurich Insurance
JBW Group Limited and Case Dynamics Limited
Dexion Capital Holdings
Fidante Partners (Challenger Limited)
Shanghai Fosun Industrial Investment Co Ltd
West One Loan Limited
Meet our experts
Cavendish’s success is based on the wealth of experience of our people. We have a team of professionals with expertise across a wide variety of sectors, deal sizes, and transaction types.
We were delighted with our decision to engage with Cavendish to advise us on our plans to bring inward investment into the group. Duncan, James Ellis and James Baker brought such complementary skills to our internal deal team. They calmly helped us navigate through all stages of the process, due diligence and through to completion. They were a pleasure to work with and I’d highly recommended them
“The Cavendish team led by Joe Stelzer and supported by Chirag Gohil did an outstanding job in identifying Begbies as a perfect home to drive our future growth. Cavendish negotiated an excellent deal and provided invaluable guidance to us through the process.”
I am delighted that we have secured a new loan facility an that our three existing funders continue to support the business during this challenging period, demonstrating their confidence in Morses Club and our growth and digital diversification strategy.
“This new partnership is a very exciting opportunity for Tempcover to both consolidate its existing position and provide a platform for further growth into new verticals and markets. Many thanks to the Cavendish team who provided invaluable advice throughout the process and helped us achieve this great outcome for the Company”
“This is an exciting deal for our business. Baird Capital’s experience and resources will be invaluable as we seek to further enhance our services and global reach. Baird’s deep understanding of the financial services industry and its global network will be valuable as we look to drive our growth both domestically and abroad. Our improved capabilities will also help us better serve our institutional clients who now, more than ever, need excellent advice to help them in their search for yield and to protect their portfolios in today’s highly volatile markets.
We are building bfinance’s next phase of growth on very strong foundations, with our client base of blue-chip institutions and clearly differentiated advisory services winning an increasing number of adherents globally. When looking for an advisor we wanted someone with an international network and experience of working with Private Equity firms. Cavendish had the expertise to facilitate the transaction and the support they provided was invaluable.”
“We are very pleased to be joining forces with Fidante Partners which is a highly successful multi-boutique fund manager in the world’s fourth largest pension market, Australia. We believe that bringing the capability of Fidante Partners to Dexion Capital is very attractive to both investors and managers. For investors, it provides access to a range of managers who have the same high standards of reporting, governance, transparency and fair fees via our combined platform. For managers, it builds on Dexion Capital’s existing distribution strengths by adding Fidante’s capability in Australia. Alternatives are the fastest-growing investment sector and will comprise 15% of global assets under management and 40% of revenues by 20201. Moreover, boutique managers punch above their weight in alternatives.”
The Cavendish Team have been instrumental in delivering me a buyer which is a perfect fit for my business. This is a wonderful milestone in our history and I am delighted.