Registered in England and Wales. Company registration number: 04034645
VAT registration number: 765 4893 78
This site complies with Rule 26 of the AIM Rules for Companies. This website is owned by Merchant House Group Plc and hosted by Tinderhouse Limited. This section was updated on 3 November 2008.
24 January 08
Merchant House Group PLC
24 January 2008
Merchant House Group PLC (‘MHG’ )
(GB0000577386)
Senior appointments to drive new business model at Merchant Capital
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.’
For further information contact:
Merchant House Group PLC
James Holmes – Director
Tel: 020 7332 2200
Shore Capital and Corporate Limited
Alex Borrelli – Nominated Adviser
Tel: 020 7408 4090
First City Financial Public Relations
Alan Piper
0207 242 2666