Investment bank to open key North West office in regional growth drive

London-based investment bank, Cavendish, will open a Manchester office to launch its expansion into the regional mid-market and the North West.

The bank will operate from a city centre site from January, with long term space secured at the new No.1 St Michael’s development when it completes in spring 2025.

To lead this regional growth strategy, Cavendish has appointed Oliver Tebbutt as a Partner in the firm.

A recognised and respected adviser in the market, Oliver brings more than two decades of M&A experience across multiple sectors, advising a broad range of entrepreneurial clients from his time at Deloitte, latterly as a Partner leading the Manchester corporate finance team.

Co-CEO of Cavendish, John Farrugia, said: “As market confidence strengthens, we anticipate strong activity in both public and private company deals.

“With our integrated capabilities across these sectors and our recognised sector expertise, we are better positioned than ever to support a wide range of businesses.”

He added: “We have long held ambitions to expand into the regions, but were determined to find the right individuals to lead the business. Oliver’s excellent pedigree, first class relationships, and proven track record in building teams were key factors that attracted us.

“Our new presence in the North West, a dynamic hub driving economic growth across the UK, ensures we are well equipped to help more UK-based businesses achieve their ambitions and contribute to the continued expansion of the UK’s real economy.”

Oliver Tebbutt

Oliver Tebbutt said: “Having spent the last 16 years advising entrepreneurial businesses in the North West, and having witnessed a shifting advisory landscape, I feel passionately that there is a clear role for a regionally-focused advisory team that has both the appetite and experience to back ambitious management teams and their capital providers across multiple stages of growth and funding. We will achieve this through nurturing long term relationships.”

Cavendish’s existing M&A team comprises 45 specialists based in London.

In building a new regionally focused advisory team in Manchester, Cavendish will be looking to add talent at all levels of the business, with clear career growth opportunities for entrepreneurially-minded and creatively curious individuals, it said.

Oliver aded: “A strong, supportive culture that trained and developed individuals was a key strength of the team I was proud to lead over the last 16 years. This is something that I intend to replicate with Cavendish.”