Independent corporate finance and investment advisory firm, specialising in smaller quoted and larger unquoted companies
24 January 2008
AIM-quoted Merchant House Group plc announces two senior appointments to drive the development of its corporate finance division, Merchant Capital.
Nicolas Greenstone (63) is a solicitor and the proprietor of Barton Brown Limited, an FSA authorised corporate finance firm which specialises in raising equity finance for pre-IPO companies and taking them to market. During a previous legal career he led corporate finance transactions with an aggregate value of more than £3 billion and was involved in more than 30 flotations.
Lord Razzall, (64) who is the Liberal Democrat spokesman on Trade and Industry, has more than 35 years experience in corporate finance and M & A activity and is the founder of Argonaut Associates, which provides management, financial and
corporate advisory services to owner managers and corporate entities. Like Mr Greenstone, he has also chaired several quoted companies, and he was awarded the title of European Lawyer of the Year in 1992.
The appointments mark the second step in a major reshaping to provide a broadened range of complementary Merchant Banking services to corporate and private clients. MHG has already announced the establishment of Merchant Legal to offer corporate and commercial legal services, and foreshadowed further moves
in the weeks ahead.
Like other divisions within the restructured Merchant House Group, Merchant Capital will operate on a revenue-sharing basis. The model is intended to provide a strong performance incentive without the costs of salaries or significant overheads.
MHG Chairman Martin Eberhardt said, ‘We are delighted that Nicolas and Tim have agreed to help drive Merchant Capital as part of our refocusing. Merchant Capital will undoubtedly benefit from their extensive experience and City connections. The business will now focus on more established and lower risk
opportunities and as a result we are confident of seeing a higher proportion of deals through to completion.’
Merchant Capital Limited
Aldermary House
10-15 Queen Street
London EC4N 1TX
United Kingdom
Tel: +44 (0)20 7332 2200