Former Carmignac partner Nick White has announced the launch of his new specialist investment sales and marketing consultancy, Seafield Capital Partners.
It aims to help boutique groups grow their assets and develop their brands. The firm has already established partnerships with three clients – Blue Diagonal Emerging Market Debt, Crossborder Kintore Systematic Gold Strategy and the Halo Asian Consumer fund.
White said he hopes his new company will offer an alternative to large-scale in-house operations commonly seen across the industry.
“Our goal is to rebalance the economics of fund distribution without compromising on service quality,” he added.
“We believe in leveraging technology and a clearly defined, well-executed strategic approach rather than relying on large sales teams to meet our investors’ goals.”
Before setting up Seafield Capital Partners, White spent six and-a-half years heading up business development at Carmignac, almost five years of which he was a partner.
He then spent four years as head of UK & European distribution at Nedgroup before leaving to build his new venture at the start of last year.
Seafield Capital Partners plans to expand its team and services over the coming months as it onboards more clients looking to outsource their asset expansion and brand development.
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Vysus Group is preparing for a period of sustained global growth following the completion of its restructuring programme that has seen the divestment of several non-core businesses, senior appointments, and a reorganisation of its business model.
The global firm, which provides technical and regulatory consultancy and technology solutions across the energy, complex process, grid, and infrastructure sectors, confirmed the sale of its ModuSpec business earlier in the month. The divestment was the fifth such move in less than four years in a strategic decision focused entirely on expanding its international consultancy business, in line with the long-term business plan.
The Aberdeenshire headquartered consultancy, which has a permanent presence in 15 countries and is active in all key global energy hubs, is now targeting a 15% growth over 2023 revenue levels and expects to recruit more than 40 people into technical roles over the remainder of 2024.
David Clark, Chief Executive Officer of Vysus Group said: “We have been through an accelerated period of change over the last three and a half years to ensure that we have a robust business from which to deliver sustained global growth over the long-term.
“The divestment of ModuSpec marks the completion of our restructuring and we are now in a strong position to capitalise on opportunities across the energy mix. The move will create new job and career development opportunities. We see particular opportunities to capitalise on our internationally renowned experience in hydrogen, renewables, and nuclear.
“These changes have also benefited the divested organisations which are now under the ownership of companies fully focused on their respective markets which will not only help with business growth, but also open up new opportunities for the team.”
Vysus leverages its deep domain and risk expertise to help companies navigate the increasingly complex, integrated energy landscape to minimise risk and optimise performance across the asset lifecycle.
The approach has seen the company significantly reduce its reliance on oil and gas while expanding its market share across the renewables, low carbon, grid and complex process industries.
While the company has been involved in nascent transition and renewables solutions for a number of years, it continues to build on this, leveraging the expertise of industry leaders including Dr Kees van Wingerden, renowned in the hydrogen sector with more than 45 years of experience. Recent appointments made to support the restructure include Qatar-based Khaled Hamd who joined as Vice President Consulting for the Middle East and India and the creation of similar roles for Europe, the Americas, and Scandinavia.
Mr Clark added: “While supporting oil and gas clients remains a core part of our business, we see continued growth within wider sectors.
“Our extensive grid expertise for example is a differentiator and one where there is significant demand for our services. As demand for renewable energy soars, energy and utility companies are having to navigate an ever more complex, segmented, and regulated environment where grid access in some regions is already near capacity.
“We have welcomed industry heavyweights to our senior team and strengthened how we support each region with the deserved promotions of key members of our team. We have a bright future ahead of us at Vysus and an innovative and highly capable team supporting clients across the full energy spectrum.”
Read the latest issue of the OGV Energy magazine HERE
Published: 13-03-2024
Bengaluru: Godrej Properties Ltd (GPL) expects to far exceed its FY24 sales guidance of ₹14,000 crore, buoyed by a strong demand and new project launches, a top company executive said.
The Mumbai-based developer has already clocked ₹13,008 crore of sales bookings between April and December in FY24, compared to ₹12,232 crore in the entire FY23.
In the October-December quarter, GPL made sales bookings worth ₹5,720 crore.
“We will exceed our bookings guidance of ₹14,000 crore for FY24 and we are confident of also delivering our best-ever year in terms of cash collections and project deliveries,” GPL’s executive chairperson Pirojsha Godrej said in an analyst call on Tuesday.
The residential market has been buoyant, and top developers have grabbed a large share of the sales pie. DLF Ltd surpassed its FY24 sales guidance of ₹13,000 crore by the December quarter itself, while Macrotech Developers Ltd, which achieved sales bookings of ₹10,300 crore in the first nine months of FY24, remains on track to deliver full-year guidance of ₹14,500 crore.
GPL is also looking to enter the Hyderabad property market, given the high demand there and a lack of good-quality housing supply in the city, GPL managing director and chief executive Gaurav Pandey said in an interview.
“Hyderabad is one of the best performing residential markets today. We are looking at opportunities and want to find the right location,” Pandey said.
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In 2018, when developers were consolidating their portfolios during a slowdown period, GPL had said it plans to exit the Hyderabad market and focus on its core markets. It hadn’t launched any project in the southern city till then.
GPL is also sharpening its focus on the National Capital Region (NCR), which has seen great sales and pricing momentum. In FY24, it launched a project each in Gurugram and Noida. Godrej said the plan is to launch 5 more projects in NCR—4 in Gurugram and one in Noida—in the ongoing and coming quarters. He also said the company is exploring more business development opportunities across the cities it operates in. In Noida, for instance, the company expects more government land auctions to happen, which it will evaluate.
In south Mumbai, one of India’s most expensive property micro-markets, and in Mumbai in general, GPL will look at adding projects, either through outright acquisitions, joint ventures with other developers or through the redevelopment route.
In the January-March quarter, the company plans to launch multiple projects, in Gurugram, Noida, Bengaluru and Mumbai, subject to approvals.
GPL on Tuesday said its net profit increased by 11% year-on-year to ₹62.72 crore in the December quarter. Total income rose to ₹548.31 crore, from ₹404.58 crore a year ago.
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