Castelnau Group's strategic vision and key investments unveiled
March 27, 2024 at 07:04 pm IST
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Castelnau Group Ltd (LSE:CGL) Richard Brown and chief investment officer Gary Channon, who is also the founder of Phoenix Asset Management Partners Limited, discuss their investment approach and future plans in an interview with Proactive's Stephen Gunnion.
Channon elaborated on their investment philosophy, inspired by Warren Buffett, focusing on high-return businesses they can understand, monitor, and buy at attractive prices. The inception of Castelnau was driven by the desire for permanent capital to own and enhance businesses indefinitely, integrating modern techniques into traditional businesses, symbolised by the name 'Castelnau' - new castles.
Their strategy involves control and risk reduction, starting with initial companies in insurance and improvement positions.
Brown highlighted the clarity and opportunity in their approach, aiming to enhance intrinsic value through strategic investments and improvements.
Key investments include Dignity, the UK's largest private funeral business, and Hornby, a portfolio of heritage toy and collectable brands, with a focus on modernising and leveraging core brands for future opportunities.
Castelnau's approach to portfolio companies emphasises innovation, culture, technology, and strategic growth without the pressure of exit timelines. The "Castelnau Way" framework encapsulates their knowledge and expertise, aiming to foster a unified identity and philosophy across portfolio companies.
For 2024, investors can expect improvements in businesses and potential NAV increases, with Castelnau aiming to compound growth over time through business development and strategic acquisitions, underpinned by a continuous improvement machine.
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Proactive UK
Proactive UK
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UKEditorial@proactiveinvestors.com
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Copyright (c) 2024 TheNewswire - All rights reserved., source Press Releases
Castelnau Group Limited (Castelnau Group) is a Guernsey-based closed-ended investment company. The business of Castelnau Group is capital allocation. The Companyâs investment objective is to compound shareholderâs capital at a higher rate of return than the FTSE All Share Total Return Index over the long term. The Company is focused on achieving a high rate of compound return over the long term. The aim of all the activity conducted by Castelnau Group is to optimize shareholder value. Castelnau Group may select investments from all assets, geographies, and all parts of the capital structure of a business. The Companyâs portfolio of investments across various sectors includes specialized consumer services, leisure products, specialty retail, information technology (IT) services, and Internet retail. The Company has engaged Phoenix Asset Management Partners Limited as the Companyâs alternative investment fund manager to provide portfolio and risk management services for the Company.