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LONDON - Cavendish plc confirmed Tuesday it has rejected an offer for its private M&A and debt advisory business, according to a statement released in response to recent press speculation.
The London-based investment bank stated there have been no further discussions following the rejection of the undisclosed offer. The company did not reveal the identity of the interested party or any details regarding the proposed terms.
In its statement, Cavendish emphasized its commitment to maintaining its current business model, describing its strategy as "to focus on growing and evolving as a full service, fully integrated, small and mid-cap investment bank with the potential for adding additional business offerings rather than reducing them."
The firm, led by Co-Chief Executives Julian Morse and John Farrugia, noted it has "already generated significant revenues and won a number of live mandates as a result of the integrated business offerings within the Group."
Cavendish’s announcement comes amid ongoing consolidation in the financial advisory sector, where mid-sized firms face competitive pressure from both larger institutions and boutique advisory firms.
The company’s shares are listed on the London Stock Exchange (LON:LSEG). The statement was made in accordance with the UK Market Abuse Regulation requirements for disclosure of inside information to the public.
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