BROKER PROFILE ACQUIRED BY NEW MANAGEMENT TEAM
Broker Profile, the specialist Investor Relations consultancy today announces that it has been acquired by Capital Access Group Limited. Capital Access was founded by Richard Feigen and Kevin Lapwood, until recently partners at Hub Capital Partners and, respectively, the ex-Managing Director and ex-Head of Research at stockbrokers, Seymour Pierce.
The business will retain the Broker Profile name and will be led by Richard and Kevin, working alongside existing Managing Director Simon Courtenay. All of the existing Broker Profile client facing team will remain with the business with the exception of Jonathan Gillen who founded the business in 1997. Jonathan will take on a consultancy role and assist with the handover to the new team.
Increasingly companies are taking more control of their IR programme and are trying to reach new pools of capital and to shape the message to investors. Broker Profile has a unique position in London. It has broadened its capability and is working with a range of PLCs from FTSE 100 to AIM. The business will continue to focus on advising its clients on how to make the most of their investor communications strategy. It can offer clients strategic IR advice, investor analysis, equity research, corporate access and investor feedback. This combined approach has proved powerful for companies aiming to make the most of their IR programme.
Capital Access Group is supported by the listed marketing and communications group Porta Communications PLC, which will be a minority shareholder. As part of the acquisition, Broker Profile will be moving to new office premises located in the heart of City of London. The new office has a modern, well-appointed suite of function and meeting rooms that clients will be able to use, including a dedicated presentation room for up to 60 delegates.
Richard Feigen, the new Chief Executive of Broker Profile, commented:
“We have admired Broker Profile for some time. It has established an excellent position in the market place and has built a first class reputation. We intend to build upon what Broker Profile has achieved already and increase the scale of the company and the quality of the advice that it gives to its clients.
“With the expected changes in the corporate broking regulatory background in Europe and the effect of technology on the way investors of all sizes receive their information, the need for integrated advice on investor communications has never been greater. The tie up with Porta will enable Broker Profile to offer corporate clients a greater range of services across a broader platform than ever before.”
Jonathan Gillen said:
“I have enjoyed the challenges of building the business up, but now is the right time to hand over the reins to a new team. I wish them luck in taking the business forward and it is encouraging that it is in good hands with an experienced team.”