Fox Davies Capital

What Fox Davies Capital does

Fox-Davies Capital is a London-based boutique corporate finance broker dedicated exclusively to the natural resources sector, serving junior to mid-tier mining, metals and oil & gas companies. The firm is a trading name of CAL Investments Limited and is authorised and regulated by the Financial Conduct Authority (FRN: 114008), with a registered office at 1st Floor, Nicholas House, 3 Laurence Pountney Hill, London. It positions itself as specialist, independent and senior-led, deliberately avoiding the conflicts associated with trading books or proprietary positions. Headcount is reported in the 11–50 range.

The firm operates four integrated service lines: Corporate Finance & M&A (strategic and capital-structure advice, buy-side and sell-side M&A, fairness opinions, takeover code, listing rules and prospectus regulation expertise, plus reverse takeovers, dual listings and restructurings); Research & Corporate Broking (independent research staffed by analysts with geology, reservoir engineering and mineral economics backgrounds, alongside ongoing investor relations and market intelligence); Equity Fundraising & Distribution (pre-IPO, IPO and secondary placings, accelerated bookbuilds, convertibles and structured instruments distributed across UK, Europe, North America, MENA and Asia-Pacific); and Alternative & Strategic Capital (royalties and streaming, prepayment and offtake-linked structures, Sukuk, and introductions to PE, trading houses, majors and sovereigns).

The go-to-market is an enterprise, senior-led, relationship-based sales motion: directors and senior consultants engage boards directly for strategic mandates, while a defined five-step financing approach — story definition, audience data-mining of peer share registers, targeted roadshows, disciplined execution and ongoing broking — underpins equity raises. Economics are transaction-fee-driven for advisory and placement mandates, with subscription/recurring economics on the corporate broking and research retainer stream. Pricing is not publicly disclosed and is set engagement-by-engagement. The firm claims global distribution with execution capability on LSE, AIM, TSX, TSX-V and ASX.

Name

Fox Davies Capital

Legal name

CAL Investments Limited

Website

https://fox-davies.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

Fox-Davies Capital is a London-based boutique corporate finance broker dedicated exclusively to natural resources, serving junior to mid-tier mining and oil & gas companies with M&A advisory, equity fundraising, independent research and alternative capital services across global markets.

Ownership category

akta.pro rank

Product category

Corporate Finance and Brokerage Advisory (Natural Resources)

NAICS

All Other Financial Investment Activities (52399), Other Financial Investment Activities (5239)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282)

akta.pro primary industry

Corporate Finance Advisory (Strategic Finance, Capital Structure & Recaps) (FSAEAGAE)

akta.pro secondary industries

Fairness Opinions & Independent Board Advice (FSAEAGAF), Capital Raising Advisory (Equity & Equity-Linked) (FSAEAGAC), Corporate Finance & Capital Advisory (BPAHADAB), Capital Raising Advisory (Debt/Equity/Private Capital) (BPAHADAG)

Keywords

• Corporate finance advisory
• Natural resources broking
• Equity capital markets
• Mining sector advisory
• Oil and gas financing

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Corporate Finance & M&A Advisory: Strategic and capital-structure advisory fees, board-level sounding, buy-side and sell-side M&A advisory, fairness opinions, and restructuring advice. Revenue generated through transaction-based advisory fees.
2. Research & Corporate Broking: Independent research with ongoing investor relations and market intelligence programs. Revenue generated through ongoing broking fees.
3. Equity Fundraising & Distribution: Pre-IPO, IPO, secondary placings, accelerated bookbuilds, and structured instruments. Revenue generated through placement fees and commissions on equity transactions.
4. Alternative & Strategic Capital: Royalties, streaming financings, prepayment structures, Sukuk structures, and strategic partnerships. Revenue from structured capital arrangement fees.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Fox-Davies Capital is a boutique corporate finance broker dedicated exclusively to the natural resources sector, delivering strategic and capital-structure advice, M&A advisory, independent research, equity fundraising and alternative capital solutions to junior and mid-tier mining and oil & gas companies. The firm combines advisory mandates with execution capability across major global exchanges and ongoing corporate broking relationships.

Product overview

Fox Davies Capital offers a unified advisory service rather than a modular software product. The company provides four integrated core service lines: Corporate Finance & M&A (strategic advisory, M&A transactions, regulatory guidance), Research & Corporate Broking (independent technical research, investor relations), Equity Fundraising & Distribution (capital raises across equity markets), and Alternative & Strategic Capital (non-traditional financing structures). These services are designed to work together as a full-service resources adviser, guiding mining and oil & gas companies from narrative development through capital execution to ongoing market engagement.

Differentiator

Problem solved

Functional benefit

Products and services

• Corporate Finance & M&A Strategic and capital-structure advice, board-level sounding, buy-side and sell-side M&A advisory and fairness opinions. Covers Takeover Code, AIM Rules, Listing Rules and Prospectus Regulation advice, along with reverse takeovers, dual listings and restructurings. Targeted at junior to mid-tier mining and oil & gas companies.
• Research & Corporate Broking Independent research delivered by analysts with technical degrees in geology, reservoir engineering and mineral economics, combined with ongoing investor relations and market intelligence programs for natural resources companies.
• Equity Fundraising & Distribution Pre-IPO, IPO and secondary placings, accelerated bookbuilds, institutional, retail and cornerstone placings, convertibles and structured instruments, with distribution across the UK, Europe, North America, MENA and Asia-Pacific.
• Alternative & Strategic Capital Specialised financing structures including royalties and streaming financings, prepayment and offtake-linked structures, Sukuk (Shariah-compliant) structures, and introductions to strategic and industrial partners such as PE firms, trading houses, majors and sovereigns.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Recent moves3 records

Expansion highlights3 records

Regional players

• Cormark Securities: Canadian independent broker-dealer focused on resource and growth companies on TSX/TSX-V, comparable in resource specialization but centered on North American markets.

Direct peers

• WH Ireland: UK boutique broker and nominated adviser serving small and mid-cap companies including natural resources, comparable in corporate broking and fundraising model.
• SP Angel Corporate Finance: UK boutique broker and nominated adviser with a strong mining and natural resources focus, competing directly for AIM/LSE resource company mandates.
• Hannam & Partners: London-based boutique advisory and corporate broking firm focused on natural resources and energy, directly overlapping with Fox Davies' mining and oil & gas M&A and capital-raising niche.
• Tamesis Partners: Specialist mining-focused corporate finance and broking boutique in London, directly comparable in sector focus and junior/mid-tier client base.
• Shard Capital: London boutique broker active in natural resources placings and corporate finance, comparable in size, model, and client segment.

Broad incumbents

• Peel Hunt: UK corporate broker and adviser covering LSE/AIM companies including resources, offering broking, research, and fundraising similar to Fox Davies but across all sectors.
• Canaccord Genuity: Global mid-market investment bank with deep mining and resource capital markets franchise; overlaps in advisory and equity fundraising but far larger and broader in scope.
• BMO Capital Markets: Leading global metals and mining investment bank offering M&A and financing across TSX/LSE/ASX; overlaps on resource sector coverage as a much larger incumbent.
• Cavendish Financial: UK mid-market adviser and broker (formed from finnCap/Cenkos) serving AIM small caps including resources, offering overlapping broking and capital-raising services.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/fox-davies-capital-limited

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fox Davies Capital