Raising c.£54 million for clients across a range of sectors including leisure, life sciences, technology and oil & gas
Westhouse Securities has completed six fund-raising transactions over the last four months. Three of these were transformational for our clients – Advanced Oncotherapy, Oilex and Safestay – while the other three enabled the businesses to take crucial steps forward in their development – Andes Energia, Sabien Technology and EU Supply.
These transactions demonstrate Westhouse’s ability to supplement traditional institutional investors with strategic and alternative pools of capital. Furthermore, most completed during the traditionally quiet summer period, marked this year by significant stock market turmoil, demonstrating the strength of our team approach and an absolute determination by the whole firm to get behind our clients.
Westhouse is also delighted to announce the addition of two new sales people and a new TMT analyst. These hires boost our reach with institutional investors throughout the UK and Europe and further strengthen our ability to distribute primary equity. The breadth and strength of the team enables Westhouse to support its entire retained client base in a committed and effective manner, and it is pleasing to have this recognised through the addition of a number of clients during the period, including Quarto Group and the Industrial Multi Property Trust.
Andy Crossley, Managing Director of Westhouse Securities, commented: “Since joining Westhouse in April this year I have been impressed by the calibre and collaborative nature of the team; the commitment and joined-up approach across corporate finance, research, broking and sales have proven crucial in successfully completing transactions in turbulent market conditions. With a healthy pipeline of primary and secondary transactions this momentum looks set to continue into the autumn and beyond.”
“All of us here at Advanced Oncotherapy have been impressed with Westhouse Securities’ strong institutional reach and their ability to execute this transaction with professionalism and enthusiasm. Sound judgement, from seasoned equity capital market practitioners, was what we needed and what we got”
CEO, Advanced Oncotherapy
“We recognise how difficult markets are at the current time, especially for the oil and gas sector, and I am quite sure that we would not have been able to complete our deal without Westhouse’s support”
CEO, Andes Energia
“The Westhouse team showed absolute determination to complete this transaction. The acquisition of the Edinburgh hostel and the accompanying fundraising were ambitious, more than doubling the size of Safestay. This deal has significantly progressed Safestay’s strategy of building a network of branded, boutique hostels, and I am grateful for Westhouse’s support and commitment in raising the money in extremely tricky market conditions.”