Graphite was offered the opportunity to invest in the start-up of Bridgewell. The company’s founders had identified strong potential to fill a gap in the market for quality brokerage and corporate finance advice to small-caps.

Bridgewell was formed to acquire the corporate finance division of Singer & Friedlander, a London-based merchant bank, through a management buy-out. The management team was using this as a platform for building a broader mid-market financial services business. Based on its knowledge of the financial services sector, Graphite was invited to participate in a private placing of shares, which raised £10 million of development capital to finance expansion following completion of the buy-out.

Bridgewell had the opportunity to build a broad, mid-market, financial services business in a sector vacated by larger financial institutions and to create competitive advantage through specialist advice and strong research capabilities. The business quickly established a multi-sector customer base with significant repeat revenue.

Key Business Achievements

Widened its sector coverage and developed a strong research base in key sectors

Significantly increased the proportion of recurring revenues from retained clients

Launched its broking operation through the acquisition of Gilbert Eliott & Co, an agency broker specialising in equity sales

Further expanded with the acquisition of the broking arm of R W Baird

Considerably grew turnover and operating profit, before listing on AIM in 2006


Exit Value

Business Exit

Following the AIM listing in 2006, Graphite’s shares were acquired by Landsbanki in 2007 at a considerable premium to their subscription price.