Interim Report and Accounts for the six month period ended 31 March 2007
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Andrew Regan Interview
What is Corvus Capital’s strategy?
Our strategy set out two years ago was to build a skill set and the financial resources to enable Corvus Capital to bid for cash-flow based assets of size. We have continued to increase the capital base of the company and we’ve established a strong network of funding partners from the international financial community, both key factors in securing a lower cost of capital.
What sort of progress have you made to date?
Over the last two years we have made significant progress on all key fronts. We have very strong banking and equity funding relationships and now Corvus is well positioned to acquire, either as principal or in partnership, sizeable companies which we believe have significant inherent value which is not otherwise being achieved by its incumbent management or reflected in its market value.
What about people?
Well this is a key area in any business and we’ve built-up a very strong international team with expertise across a range of disciplines in finance, accounting and law. We have a team with very good experience in corporate transactions and IPO’s across a number of sectors.
How have Corvus Capital’s investment activities performed over the last two years?
Corvus has been successful in creating value from its trading activities across a number of investments in the small cap segment of the market and over the last two years we have created capital value within investee businesses of over £40 million which include our investments in companies such as Commoditrade Inc (CMM) which derives the majority of its revenues from the largest category one trading team operating on the London Metal Exchange, European insurance company, Gable Holdings Inc (GAH) and DiamondTech Inc (DTEC) which provides innovative sorting technology for the diamond mining industry - each of them listed on the London Stock Exchange´s AIM. Significantly, Corvus now has the risk capital resources to target larger scale cash-flow based assets and the international access to funding with which to acquire those assets.
What’s next for Corvus?
We have a successful investment strategy which has delivered over £40 million of cash and unrealised gains in the last two years. We’ll continue to pursue further dynamic growth from investment in the small cap market, locking-in cash gains when it is appropriate. We will also continue to identify larger investments where Corvus can secure significant additional value for shareholders on a larger scale.
Andrew Regan
Chief Executive
Corvus Capital Inc
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Andrew Regan
Andrew Regan, aged 42, joined the Board as Chief Executive of Corvus Capital Inc in September 2004 and over the following year took the company to record profits of £22.1 million in 2005.
Andrew sold his original business to Hobson plc in 1991 where he became Chief Executive of Hobson which was listed on the LSE. In 1994 Hobson plc acquired the Co-operative Wholesale Society’s food and drinks manufacturing operations and the enlarged Hobson business was eventually sold to Hillsdown Holdings plc for £154 million by way of a recommended takeover in 1996. Read more...


