News



June 2010 – Cairneagle Insight - Healthcare - Investment opportunities within case management
Case Management companies organise the care of individuals who have serious ongoing medical needs such as acquired brain injury and acquired spinal injuries, whose care is funded by large insurance payouts.

The market is currently small, under-researched and fragmented, but demonstrating tremendous growth and momentum. As such it offers an attractive investment opportunity for existing healthcare service providers as well as PE firms willing to invest in a longer term buy-and-build strategy.

This Cairneagle Insight report details the key market trends, growth drivers, and M&A opportunities.

June 2010 – A Cairneagle white paper: 'How to Survive the CCP Revolution'
As our white paper series continues - Joseph Hine investigates the effect of NYSE Euronext's intention to build their own central counterparty (CCP), why this move could/should have been expected, and what it means for other exchanges, MTFs and CCPs.
To view the full article, please click here.

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May 2010 – A Cairneagle white paper: 'The Evolving Roles of Exchanges and IDBs'
As part of a continuing series of Cairneagle white papers we discuss the evolving roles of Exchanges and IDBs as they face the challenges and growth opportunities created by the increasing pressure for the OTC markets to move onto exchange-traded, CCP supported platforms. To view the full article, please click here.

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March 2010 – Cairneagle selected for the Carbon Trust’s Strategy Consulting Framework Agreement
Cairneagle has been selected from a list of around 150 interested parties to join a select list of suppliers who can provide strategic consultancy services to the Carbon Trust. Cairneagle was successful in its tender, and is now part of a call-off arrangement to support the Carbon Trust in the following specific areas:
  • strategy and management consulting
  • commercialisation support
  • business and corporate development
Matt Cooksley, Head of Carbon and Clean Tech at Cairneagle comments: Cairneagle has been a leading strategy consulting firm in the carbon space for almost 10 years, and has been at the forefront of many of the new ideas and approaches to dealing with the problems, and opportunities that climate change presents. The Carbon Trust has been a leading light in helping the UK businesses to reduce their carbon emissions, and Cairneagle looks forward to supporting the Carbon Trust in achieving its goals over the coming years.

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March 2010 – Cairneagle briefing on the role of CCPs going forward
Recent BIS and SEC pronouncements have cast CCPs as the way ahead for OTC business; but are the CCPs ready to take centre stage?

Jo Hine, a Senior Associate of Cairneagle Associates, investigates the role of CCPs going forward in his latest briefing “Pushing OTC Business into CCP Structures – The Work of Sisyphus”.

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March 2010 – Cairneagle Launches New Asset-Backed EIS Company
Following its success with Foundation Inns and Hoxton Hotel, Cairneagle has launched its latest venture, Countrywide Farm Shops plc.

Cairneagle is looking to raise £2 million of equity from individuals and VCTs to develop a chain of branded freehold farm shops in the UK. Led by Gordon Leatherdale, founder and former CEO of a previous farm shop venture, the offer provides the opportunity for investors to capitalise on the fast growing consumer market for locally produced foods. Cairneagle and Gordon Leatherdale have raised over £13 million in Enterprise Investment Scheme (EIS) funds over the last 3 years.

The operation of farm shops is one of the few businesses which qualifies for tax relief under the EIS and which is also permitted to acquire freehold land and buildings.

Please see the Information Memorandum for full details of the offer and the application form.

If you would like to attend an investor lunch and management presentation, or receive a hard copy of the Information Memorandum, please contact Laura Gittins at eis@cairneagle.com or call on 0207 036 9402.

If you would like to find out more about the offer, please contact Matt Cooksley, on 0207 036 9400

Click here for a feature about Countrywide Farm Shops published in Angel News

In making the offer, Countrywide Farm Shops Plc is relying on paragraphs 12, 18, 19, 48, 49, 50, 50A and 51 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005. Details of these exemptions are set out in the Information Memorandum

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February 2010 – Cairneagle Associates continues to expand and extends its Financial Services capability
Cairneagle Associates, the international strategy consulting and venturing firm, has joined forces with Sciowa Consulting, the boutique strategy firm with a significant focus on Financial Services. Accordingly, Paul Suter, the founder and Managing Partner of Sciowa Consulting, has joined Cairneagle as a partner with immediate effect. In addition, Michael Williamson, a Senior Advisor at Sciowa has been appointed to Cairneagle as a Senior Advisor.

Rupert Barclay, Managing Partner of Cairneagle, comments; “Paul has tremendous depth of experience in Financial Services, having played a leading role in many of the transformational changes in the industry over the last twenty years, as well as having broad industry capabilities and expertise in Value Based Management. Paul and Michael already have experience of working together on substantial engagements and together complement our existing team well. This significantly enhances Cairneagle’s capacity to create value for its clients.”

A full press release can be downloaded here.

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February 2010 – Matt Cooksley to present at the Mobile World Congress
Matt Cooksley is speaking at the Mobile World Congress in Barcelona on 17th February to discuss the topic of “Moving Towards a Sustainable Green Future”. Matt will be debating the pros and cons of various alternative energy solutions for mobile networks and services alongside panellists from Ericsson, Bharti Airtel, Digicel and the IFC. The key issues that will be covered are:
  • What are the strategic reasons for deploying renewable energy networks?
  • What are the key challenges with using renewable energy to power network?
  • What needs to happen for the industry to default to renewable energy base stations by 2012?
  • What are the vendor side innovations that are emerging?
  • What role can development finance institutions play in this sector?
  • What are the future developments in base station power optimisation?
  • What are the challenges and solutions to powering mobile handsets off-grid?
  • What are the major technological innovations that will affect the powering of mobile networks over the next 5 years?

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February 2010 - Cairneagle briefing on the proposed BIS Basel II changes
Financial Regulation in the wake of the banking crisis - Proposed changes to Basel II

Jo Hine, a Senior Associate of Cairneagle Associates has written a briefing on the BIS proposal.

The article focuses on financial regulation in the wake of the banking crisis and discusses the proposed changes to Basel II.

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February 2010 - Cairneagle research into the adult social care market
Cairneagle has published research into the state of the adult social care market.

Local Authority Spending on Adult Social Care
  • Local authorities cut overall spending on social care for older people
  • The market for independent provision of homecare continues to grow at 6% at the expense of nursing and residential care
  • Increased share of spending on learning disabilities and mental health
  • Individual budgets now account for over 9% of homecare market

Despite the needs of a growing and ageing population, local authority spending on adult social care has not increased in the 2010 financial year. Can Government continue to service the UK’s social care needs under current economic conditions? With mounting pressure on services, jobs and prices, domiciliary care providers are having to be more discerning about which areas of the market to focus on. Moreover, they are having to change not only their internal procedures, but their business models too, in order to successfully deal with schemes such as call monitoring, direct payments and individual budgets.

The ongoing trend for LAs to contract out services has allowed the independent market to show modest growth. This is set to continue as the Government expands its social care commitments; however an increasing share of the services will go to those with the highest levels of need. In addition, a greater proportion of people are being cared for in their own homes.

Right now the industry is highly fragmented, and the race to be one of the leading companies over the next five years is still wide open.

Cairneagle has surveyed 81 local authorities regarding their provision of adult social care. Our findings reveal the state of the market in 2009.
For more information please see the full report or click here to read a related article in Caring Business.

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January 2010 – New white paper on renewable energy published, ‘Community Power – Using Mobile to Extend the Grid’
Continuing our relationship with the GSM Association’s Green Power for Mobile programme (www.gsmworld.com), Cairneagle has been investigating the opportunity for the telecoms industry to use renewable energy to power its mobile networks, and at the same time to provide electricity to local communities in developing countries. The white paper called ‘Community Power – Using Mobile to Extend the Grid’, has just been published.

Cairneagle worked with the GSMA to develop the value propositions and financial models for solar, wind, biofuels, biomass and hydro solutions, as well as investigating the scale of the market opportunity. The report concludes that there is the potential for 200,000 Community Power projects worldwide, which could provide sustainable electricity to 120 million people.

The white paper can be found here.

Matt Cooksley, who led the Cairneagle team, will be at the GSMA Mobile World Congress in Barcelona on the 15th to the 17th February, where he is a judge for the 15th GSMA Global Mobile Awards.

The GSMA Development Fund exists to accelerate economic, social and environmental development through the use of mobile technology. The GSMA believes that providing tangible, accessible mobile services to people in developing countries is invaluable to society and can help improve people’s lives. The Green Power for Mobile programme seeks to aid the mobile industry to deploy solar, wind, or sustainable biofuels technologies to 118,000 new and existing off-grid base stations in developing countries by 2012.

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November 2009 – Cairneagle takes an equity stake in innovative IT product development and consultancy firm
Cairneagle Associates has taken a stake in expw: consulting (www.expw.com). expw is an IT consulting firm that manages and implements business systems for a number of tier 1 corporations in the telecoms and media sectors.

As well as its consulting assignments, it has developed a number of its own SaaS CRM products which revolutionise the way that companies can manage their customer relationships. Its deep R&D expertise and resource position the company extremely well to benefit from the increased preponderance of business platforms founded on cloud-based solutions.

Cairneagle is very excited about the relationship with expw and helping the firm to develop new strategic opportunities.

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November 2009 – Cairneagle Associates has relocated
As part of our continued expansion, Cairneagle has relocated to:
Victory House, 99-101 Regent Street, London, W1B 4RS
The office entrance is located on Swallow Street.
A map is available on the contact page

Please be aware that our fixed line telephone numbers have changed - our switchboard number is now 0207 0369400

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October 2009 – Matt Cooksley to Chair 2009 Carbon Finance Conference
Matt Cooksley will be chairing the 2009 Carbon Finance Conference on the 21st October at the America Square Conference Centre in London, which will be exploring new opportunities in the global carbon markets.

Matt will be discussing a range of issues, including investment trends in emission reduction projects, financing forestry projects, and whether agreement can be reached on a post-2012 global climate deal in Copenhagen later this year.

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May 2009 – Jo Hine presents at the Securities Institute
Jo Hine, a Senior Associate of Cairneagle Associates presented and led a discussion on securities lending at the Securities Institute.

The presentation focussed on the stock borrowing and lending market and the changes it is undergoing with the launch of new services based on central counter party platforms.

Rupert Barclay, Managing Partner, comments: Jo presenting at the Securities Institute on this fast developing market underscores Cairneagle’s position at the leading edge of financial services infrastructure consulting.

The presentation can be found here.

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April 2009 – Cairneagle announces the appointment of two new partners
With effect from 1st April Gary Fisher and Ian Koxvold become members of Cairneagle Associates LLP.

Gary Fisher joins from Lansdowne Consulting with spells at AT Kearney and IBM Consulting. Bridging strategy consulting and operations, he will lead our practice in offering operational improvement and turnaround to our clients and has a strong base in financial services.

Ian Koxvold was promoted from within the firm. He joined in 2007 and has a background in media, financial and support services with Opera Solutions (formerly Mitchell Madison Group), and strategy and commercial due diligence with the Credo Group.

Rupert Barclay, Managing Partner, comments: Bringing Gary and Ian into the partnership significantly increases our partner capacity and enables us to offer broader support to our clients at a time in the economy when performance improvement is top of mind for Chief Executives.

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April 2008 – Cairneagle sells its stake in the Hoxton Hotel
Cairneagle announces that it has sold its stake in the Hoxton Hotel in Spitalfields, London to Sinclair Beecham. The 200 bed hotel was created from concept in 2002 through to opening in 2005 by a team including Stephen McLeod, one of Cairneagle’s partners. Cairneagle provided business planning and development support in return for equity participation. The principal backer was Sinclair Beecham, co-founder of Prêt-a-Manger and Hotbed, an angel finance network. The hotel was valued at over £25m on exit.

Rupert Barclay, Managing Partner, comments: This was a good time to realise our stake in the Hoxton Hotel. It is an extremely successful hotel and has been an extremely successful venture for Cairneagle It vindicates our strategy of participating in ventures at the same time as providing strategic consulting services.

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November 2008 – Matt Cooksley presents at Green Telecoms Summit in Berlin
Matt Cooksley, a Partner at Cairneagle Associates, presented the findings of a recent project carried out for the GSM Association www.gsmworld.com which investigated the opportunity for deploying renewable energy in mobile networks across developing countries.

As the number of mobile subscribers in developing countries continues to grow, new infrastructure will be required, much of which will be in areas without grid electricity. Cairneagle estimates that 80,000 new off-grid mobile base stations will be deployed each year for the next five years. Currently, diesel generators are the predominant off-grid power source, however they are costly to run, require regular fuel distribution and maintenance and are environmentally unfriendly.

Having interviewed over 50 mobile operators and technology suppliers, Cairneagle built a model to determine the economics of different clean technologies across different regions, which was used to estimate future deployment on a region-by-region basis and develop an implementation plan for the GSMA.

Matt Cooksley commented: There are still many barriers for telecom operators to deploy clean technologies on a large scale in their mobile networks. However, I believe that the GSMA’s Green Power For Mobile initiative will act as the catalyst to break down these barriers. Mobile operators have shown a significant desire for green energy, but lack the know-how, risk appetite and support for large scale roll-outs. The GSMA will help them.

The program aims to save 2.5 billion litres of diesel fuel a year across the industry and to cut annual carbon emissions by up to 6.3 million metric tonnes.

The presentation can be found here.

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October 2008 – Cairneagle presents at the 2008 Carbon Finance Conference
Matt Cooksley led a panel of experts at the Carbon Finance annual conference in London today, to discuss strategies to enhance industry energy efficiency, and how carbon credits could help to promote them.

Matt Cooksley commented: Carbon credits from industrial energy efficiency projects account for less than 1% of all credits issued by the UNFCCC. Given the scale of the opportunity across so many countries, as well as the compelling economic benefits, the UNFCCC must try and simplify the rules for getting such projects accredited under the CDM mechanism. We are seeing a raft of new technologies coming to market, and the use of carbon credits to finance the deployments will open up many new commercial opportunities.

September 2008 – Matt Cooksley judges at the 100% Detail Innovations Showcase
Matt Cooksley, a Partner at Cairneagle Associates, was one of the “dragon’s den” judges at the 2008 innovations showcase for clean technologies in commercial buildings, held at Earls Court, London. Four companies, Kingspan Insulated Panels, Schoeck, Ivory Egg and CIBA Xymara each had 10 minutes to pitch their investment idea. Kingspan won the competition, for a novel insulation and solar heating product.

Matt Cooksley summarised: the EnergipanelTM is a great innovation. The idea of combining insulation panels with a solar heat exchanger is simple, but Kingspan has created a very clever design, and is a worthy winner. Given the low carbon building regulations, the product has a very bright future.

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July 2007 – Foundation Inns raises £5.6m through the Enterprise Investment Scheme
Cairneagle announces that Foundation Inns completed a successful fundraising, raising £5.6m from 200 individual investors through their intermediaries. Noble & Company was the sponsoring bank. Cairneagle promoted this investment scheme, identifying two managers from the pub industry to acquire, refurbish and manage a group of pubs and orchestrating the fundraising. Rupert Barclay will chair the company which will seek to acquire up to 10 pubs and exit in 2010/2011.

Rupert Barclay, Managing Partner, comments: With a very competent management team we look forward to creating significant value through this scheme, and coming back to the market with future fundraisings.

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July 2006 – Cairneagle advises ITN on strategy
A profile in The Times on Mark Wood, the CEO of ITN, the news and new media production company, mentioned that Cairneagle Associates were assisting ITN with their strategy.

Normally, we do not comment on our clients but since this information is in the public domain we are happy to confirm it. Our strategy support for ITN, which was conducted over several months, is typical of the assignments we carry out, working closely with the Chief Executive on the two or three major issues that face him or her. In this case we conducted a strategic valuation of the whole business and a review of the strategies for the archive and multi-media businesses.

Rupert Barclay, Managing Partner, comments: Most of our assignments are carried out under the radar but occasionally see the light of day. Working with ITN was extremely interesting and rewarding and I think we brought significant insight to the development of the archive business.

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March 2006 – Carbon Trust publish report on Climate Change and Shareholder Value
In 2005, the Carbon Trust commissioned Cairneagle Associates to produce a report to assess the financial value at risk due to carbon and climate change across a range of corporate sectors. A groundbreaking methodology was developed, and tested on 20 FTSE100 companies.

Matt Cooksley, a partner at Cairneagle, commented: The methodology that we have developed is the first of its kind to quantify the impacts of climate change on shareholder value in a rigorous manner. For some sectors which are not overtly impacted by carbon, such as chemicals, around 10% of their shareholder value is at risk due to the price of carbon. Most City analysts and investors are not factoring this in, let alone considering these implications. We hope that our methodology will act as a benchmark, and lead to corporates and investors being able to quantify the risks that climate change poses across the supply chain, as well as the opportunities.

The report can be found here.

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