Team of Partners Acquire Shares in Cavendish Corporate Finance from Hugo Haddon-Grant

Published November 24, 2010

Cavendish Corporate Finance LLP, the UK's leading independent firm advising exclusively on sell side M&A to mid-market companies, today announced that a number of its partners have acquired a stake in the business from Hugo Haddon-Grant, one of the two founding partners. Hugo retires with immediate effect. Howard Leigh remains as Senior Partner.

Hugo, who co-founded Cavendish in 1988 with Howard, steps down following the sale of his stake in the business. Hugo will stay on as a consultant, assisting with existing projects and ongoing opportunities.

Howard Leigh commented, ''This is the first change in ownership for 23 years and represents a natural evolution for our growing business. We all wish Hugo well in his retirement and thank him for his tremendous contribution to the business to date.''

''We have had a successful 2010, advising on several high profile transactions, including the sale of Liberty Plc, Royal Berkshire Shooting School, The Office Group and G\xFC. Over the past few weeks we have successfully completed transactions for Kent County Crematorium plc and James Galt & Co. We remain strongly focused on providing sell-side advice to the mid-market and have ambitious plans to develop our business in the coming years.''

Cavendish is pleased to announce that Joe Stelzer, will take on the additional role of Chief Operating Officer with responsibility for day-to-day operational management of the Partnership. Joe, who joined Cavendish as a Partner in April 2010, specialises in the technology sector and also has an in-depth insight into the company sale process, having been a former Cavendish client before joining the firm as an adviser.