CGL Castelnau Group Limited

 
TIDMCGL 
 
14 September 2023 
 
CASTELNAU GROUP LIMITED 
 
(a closed-ended investment company incorporated in Guernsey with registration 
number 67529) 
 
(The "Company") 
 
LEI Number: 213800PED8RFUBMK1T64 
 
Directorate Change 
 
Further to its announcement on 21 August 2023, Castelnau, a long-term investor 
in businesses with competitive advantages where Castelnau can help drive growth, 
is today pleased to announce the appointment of Richard Brown as Non-Executive 
Director of the Company and Chief Executive Officer of Castelnau Group (a 
subsidiary  of the Company) with immediate effect. 
 
A former investment banker, Richard has over 14 years of corporate finance 
experience. He has advised firms ranging from the largest FTSE 100 companies to 
private businesses, UK-focused as well as international. Richard has also played 
an instrumental part in numerous high-profile M&A and ECM transactions and has 
significant experience of acting more generally as a key boardroom adviser. 
 
Richard most recently worked for more than seven years at Morgan Stanley in its 
UK investment banking and corporate broking team. He has previously worked at 
Peel Hunt and Barclays, having initially qualified as a chartered accountant at 
KPMG. 
 
Gary Channon, CIO of PAMP, said: "We are thrilled that Richard is joining us. He 
brings a wealth of corporate finance knowledge, as well as significant 
experience in providing strategic board level advice. We recently worked with 
him on the acquisition of Dignity and it is clear he has the attributes and 
skillset to help drive Castelnau forward. I look forward to working closely with 
Richard as we continue to execute on the huge opportunities that lie ahead for 
the Group." 
 
Richard Brown, incoming CEO of Castelnau Group, said: "I am delighted to be 
joining such a great business.  Castelnau is highly differentiated in its 
approach, providing genuine long-term capital to exciting businesses with strong 
competitive advantages. Its rigorous approach to capital allocation and clear 
focus on helping its businesses flourish by adding significant strategic and 
operational guidance where needed, give me considerable confidence in our 
future. I look forward to building on these strong foundations and working with 
the excellent team at Castelnau to realise the Company's full potential." 
 
Castelnau Group is a wholly owned subsidiary of the Company. There are no 
disclosures to be made equivalent to those required by LR 9.6.13 (2-6). 
 
Enquiries 
 
Castelnau Group 
 
info@castelnaugroup.com 
 
Liberum Capital Limited 
 
+44 (0) 20 3100 2000 
 
Darren Vickers 
 
Owen Matthews 
 
Will King 
 
Citigate Dewe Rogerson 
 
+44 (0) 20 7638 9571 
 
Caroline Merrell 
 
Toby Moore 
 
Notes to Editors 
 
Castelnau Group Limited ("CGL") is a Guernsey closed-ended company listed on the 
Specialist Fund Segment of the London Stock Exchange. Formed by Phoenix Asset 
Management Partners Limited in 2020, its listed structure provides the manager 
with a permanent capital vehicle with which to make long-term investments and 
acquisitions in public and private businesses of all structures and sizes. It's 
investment philosophy involves acquiring large stakes in, and capital to, 
businesses that have, or can create, strong competitive advantages. Castelnau 
Group's portfolio comprises investments in Valderrama (Dignity), Hornby Plc, 
Stanley Gibbons Group, Showpiece Technologies Limited, Silverwood Brands plc and 
The Cambium Group, as well as in two `enabling' businesses, Rawnet Limited and 
Ocula Technologies Limited. 
 
Castelnau Group Services Limited ("CGSL" or "Castelnau Group") is a wholly owned 
subsidiary of the Castelnau Group Limited which provides business support to the 
portfolio companies ranging from commercial, technology and financial 
consultancy to board support, marketing, branding and culture development. CGSL 
also facilitates collaboration between portfolio companies, using cross-group 
expertise to help each company with its unique development. CGSL employs a 
direct team and also subcontracts staff from group companies to maximise the 
benefits of the investment in the group's resources. 
 
Phoenix Asset Management Partners Limited is the Investment Manager to 
Castelnau. PAMP has been investing in UK listed equities for 25 years using a 
long-term, business-focused approach. Its investment process aims to identify 
great businesses through intensive primary research for which it is well known 
and can often last many years before choosing to make an investment. Once an 
investment is made, the investment team maintains this intensive approach to 
research through in-depth monitoring of the businesses and the markets in which 
they operate. 
 
 
This information was brought to you by Cision http://news.cision.com 
 
 
END 
 
 

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