Causeway Securities attracts majority investment from WestBridge and secures Shawbrook funding to drive further growth
Structured investment specialist, Causeway is set for further geographical expansion, following investment by sponsor, WestBridge and Unitranche facility from Shawbrook.
At a glance
Causeway Securities Limited is set for further geographical expansion, following investment by sponsor, WestBridge and additional growth funding from Shawbrook.
Causeway Securities acts as an intermediary between blue-chip investment banks and its 300+ strong client base of wealth managers, IFAs, insurance companies and credit unions. The company’s global footprint includes the UK, US and other international jurisdictions, and is focused on continuing its rapid international expansion, with a particular focus on the US.
The company was established in 2016 by CEO, Conor O’Donnell, who led the transaction alongside Joe McDaniel (chief compliance officer). Backed by sponsor, WestBridge, Conor and Joe are supported by an exceptional leadership team across their UK and US offices, including Don Brudie (US CEO) and Andrej Ogorevc (chief investment officer).
Shawbrook provided a bespoke Unitranche debt facility to support the transaction and drive future growth plans.
Conor O’Donnell , CEO at Causeway Securities said:
“Having already established our credentials and capabilities in the global structured products market, we wanted an investment partner to provide support and guidance through our next phase of growth and international expansion.
“We are delighted to join forces with WestBridge. We have been immensely impressed with the team and feel there is a strong cultural alignment between our businesses. We also believe that this is an indication of further institutional endorsement of the ever-growing structured product market.
WestBridge naturally made the introduction to Shawbrook, as one of their existing funding partners, and we have found working with Deepak and the team at the bank a breath of fresh air. The team know WestBridge well and, with extensive experience in the financial and investments markets, they very quickly structured a solution to help deliver our growth plans
Peter Barkley, Partner at WestBridge commented:
“We have brought a number of specialist businesses into our portfolio over the years and Causeway Securities felt an ideal fit. Similarly, Shawbrook has worked with us on multiple transactions and once again, they understood our objectives from the outset.
“Deepak and his team impressed us with their ability to move at pace and deliver a bespoke funding package that met the particular needs of the business. A pragmatic, flexible and innovative approach to deal structuring was fundamental and Shawbrook delivered all three.”
Deepak Parekh, Senior Director at Shawbrook said:
“Working with WestBridge is always a pleasure. They have a very clear focus and the businesses they have introduced to us are established, growing specialists in niche sector. Causeway Securities fitted this description perfectly and we look forward to seeing their expansion plans come to fruition.”
Eversheds acted for Shawbrook on the deal. Alantra and Clearwater supported WestBridge with the transaction.
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