RNS Number : 2211O

RBG Holdings PLC

08 February 2021

8 February 2021

RBG Holdings plc

(the "Group")

New Managing Director at RBL & Convex Capital Update

RBG Holdings plc (AIM: RBGP), the professional services group, is pleased to announce that Barry Roche was appointed as Managing Director of the Group's law firm, Rosenblatt Limited ("RBL" or the "Firm"), on 30 January 2021.

In addition, the Board provides a further update on the positive progress at Convex Capital Limited ("Convex Capital"), the Group's specialist sell-side corporate finance boutique.

New Managing Director at RBL

Working alongside RBL's senior management team, Barry will report to the Group CEO, Nicola Foulston, who previously held the role. In February 2020, Barry joined RBL as interim Chief Operating Officer to help lead the Firm's expansion. As Managing Director, Barry will be looking at new ways to develop the Firm's business including identifying new growth areas, enhancing the Firm's business development strategy, and boosting team performance through resource allocation and skill development.

Barry brings considerable operational and management experience to RBL having spent his early career in The Royal Marines. On leaving the Marines, Barry built a support services business from start-up to eventually becoming a market-leading company nationally, before it was acquired in 2009 by PHS Group. In 2009 he was one of the founders of Protection Vessels International, a maritime security business, and in 2012 he founded Protection Group International, a Cyber Security and Intelligence business that worked extensively with large corporates and governments. He remains a non-executive director of both companies.

Barry will help the Firm in the next stage of its development after a strong 2020 which saw RBL achieve its best financial performance (in terms of revenue, EBITDA and gross margin) since it was founded in 1989. RBL successfully adapted its strategy to the market changes caused by the Covid pandemic, including increasing its capacity in its Employment and Insolvency & Restructuring practices. The Firm's investment in IT infrastructure over the last two years has meant a seamless transition to home working, which allowed performance and client service to be maintained during 2020.

Along with Nicola Foulston and the other divisional heads, Barry will present at the Group's Capital Markets Day on 24 February 2021 from 10 a.m. to 12 p.m. If you wish to attend, please email: RBGP_CMD@n1singer.com

Convex Capital Update

After the disruption of 2020, Convex Capital has continued to convert its strong pipeline into completed transactions. Further to the update on 28 January 2021, Convex Capital has concluded another two deals, bringing the total since 1 January 2021 to three completed transactions, resulting in total fee income to date of GBP1.1 million. Positive progress continues on several other transactions.

RBG Holdings plc Group CEO, Nicola Foulston said: "RBL has gone from strength to strength in 2020 adapting brilliantly to the challenges presented by Covid. In his spell as interim COO, Barry showed he fitted perfectly into the Firm's entrepreneurial culture and will help drive RBL's success over the coming years. We have identified many growth areas, and I look forward to working closely with Barry on delivering on them.

"Furthermore, we are pleased by the great start to 2021 at Convex Capital. Last year, the pandemic made deal completion difficult, but CEO Mike Driver and his team continued to build a strong pipeline of opportunities, which are now being converted. We expect to see an increase in M&A activity this year with both Convex Capital and RBL set to benefit."


 RBG Holdings plc                        Via SEC Newgate 
  Nicola Foulston, CEO 
 N+1 Singer (Nomad and Broker)          Tel: +44 (0)20 7496 3000 
  Shaun Dobson / Alex Bond (Corporate 
  Tom Salvesen (Corporate Broking) 
 SEC Newgate (for media enquiries)      Tel: +44 (0)7540 106366; 
  Robin Tozer/Tom Carnegie               rbg@secnewgate.co.uk 

About RBG Holdings plc

RBG Holdings plc is a professional services group, which includes one of the UK's pioneering law firms, Rosenblatt Limited, which is a leader in dispute resolution.

RBL provides a range of legal services to its diversified client base, which includes companies, banks, entrepreneurs and individuals. Complementing this is the Firm's increasingly international footprint, advising on complex cross-jurisdictional matters. RBL's practice areas include dispute resolution, financial crime, corporate, banking and finance, insolvency and financial restructuring, construction and projects, employment, financial services, IP/technology/media, real estate, regulatory and tax resolution.

The Group also provides litigation finance in selected cases through a separate arm, LionFish Litigation Finance (UK) Ltd ("LionFish"). LionFish finances litigation matters being run by other solicitors in return for a significant return on the outcome of those cases. As such, the Group has two types of litigation investments - RBL's own client matters, and litigation matters run by third-party solicitors. LionFish is positioned to be a unique, alternative provider to the traditional litigation funders.

The Group also owns Convex Capital Limited, a specialist sell-side corporate finance boutique, based in Manchester. Convex Capital is entirely focussed on helping companies, particularly owner-managed and entrepreneurial businesses, realise their value through sales to large corporates. Convex Capital identifies and proactively targets firms that it believes represent attractive acquisition opportunities.

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(END) Dow Jones Newswires

February 08, 2021 02:00 ET (07:00 GMT)

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