London Stock Exchange welcomes Castelnau Group Limited to the Specialist Fund Segment to the Main Market

The London Stock Exchange today welcomes Castelnau Group Limited (‘Castelnau’), an investment company established to invest in public and private companies with the aim of outperforming the FTSE All Share Total Return Index over the long term.  The ordinary shares of Castlenau will be listed on the Specialist Fund Segment of the Main Market.

Phoenix Asset Management Partners Limited will be the Investment Manager to Castelnau. Phoenix manages approximately £1.3 billion across three funds and Castelnau will benefit from Phoenix’s experience of value investing over the past twenty-three years, with value investor Gary Channon as CIO.  Castelnau’s initial portfolio comprises investments in Dignity Plc, Hornby Plc, Stanley Gibbons Group plc and Cambium Group (a wedding gift list service), as well as two ‘enabling’ businesses, Rawnet and Ocula Technologies.

Gary Channon, CEO and CIO of Phoenix, commented:

“Today’s listing on the London Stock Exchange is the logical next step for Castelnau and our investors.  Phoenix’s success is based on an investment approach which has been continuously refined, and which has delivered returns well in excess of the market, and Castelnau is an evolution of that approach applied to whole companies. We now look forward to delivering on our promise to generate superior investment returns by deploying modern business techniques to transform old economy businesses into new economy businesses.  The growth potential of Castelnau’s portfolio is hugely exciting and we look forward to exploring new opportunities with the help of our joint venture partner, Sir Peter Wood.”

Advisors to the company:  Liberum, GowlingWLG and Citigate Dewe Rogerson

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