Perth-based financial services provider Cygnet Capital has been named the 54th fastest growing company in the annual BRW Fast 100, the company has announced.
Perth-based financial services provider Cygnet Capital has been named the 54th fastest growing company in the annual BRW Fast 100, the company has announced.
The full text of a company announcement is pasted below
Perth, WA: Boutique financial services provider Cygnet Capital, has been named 54th fastest growing company (5th in the Finance and Insurance sector) in the annual BRW Fast 100. It's the second accolade this year for the four-year-old company, which was listed 25th overall and 5th in the Finance and Insurance sector of BRW Fast Starters in April.
BRW Fast 100 ranks the 100 fastest growing businesses with less than 200 employees, by average annual revenue growth over three years. BRW Fast Starters ranks the 100 fastest growing businesses which commenced trading after 30 June 2002 by revenue.
Perth-based director and Head of Corporate Finance Darien Jagger said that Cygnet Capital had been experiencing tremendous growth and was benefiting from Western Australia's resource boom.
"Our corporate division assists smaller companies seeking Australian Stock Exchange listing, capital market and corporate advice. The resources boom and the growth in companies with an environmental focus has facilitated a regular flow of potential deals, however we are very selective about the corporate clients we take on".
"Our philosophy is to support high growth potential microcap companies over the longer term, therefore we only become involved in companies which we are passionate about".
"The BRW results reinforce that our business model is on track".
Cygnet Capital specialises in the Australian microcap market and provides investment banking, corporate advice, private client wealth management, funds management and investor relations services to corporate, institutional, sophisticated and retail clients. The company specifically focuses on Australian Stock Exchange-listed and soon-to-list companies valued under $200 million, an area the company believes is largely neglected in the financial services industry.
Established in 2003 by Darien Jagger, Jonathan Rosham and Mark Davies, Cygnet Capital has an extensive corporate client base, over $250 million in funds under management and advice, 18 staff and offices in Perth and Melbourne.
The company's revenue for the 2006/07 financial year was $8.34 million, an increase of 96 per cent on financial year 05/06 and 272 per cent on the previous year.
In the last 18 months, Cygnet Capital has expanded its corporate division, launched a new managed fund called the Cygnet Microcap Opportunity Fund, a new managed account product (the Cygnet Managed Account) and an internal investor relations department.
Mr Jagger said that the rapid pace at which Cygnet Capital had expanded had not been without teething problems and the company had also developed new human resource procedures that focused on retaining staff in a competitive labour market.
