Tenon is applying
for FSA authorisation for fund management through Tenon Capital Management
(TenonCap), aiming to invest in distressed businesses with turnaround potential
and turnovers between £5m and £30m, initially through the unregulated T-Fund.
Tenon will invest up to £1.5m in TenonCap and directors will contribute
another £250,000. The firm is looking to aggregate commitments of between £15m
and £20m, , IFA online reports.
‘Having seen several economic downturns we are greatly aware of the
opportunities they can produce’, TenonCap CEO Matthew Bowker said.
‘We believe we are well placed to identify the best opportunities and to
achieve successful turnarounds and profitable exits for our investors.’
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal
UK senior partner Phil Verity has been elected for a second term at Mazars