What Clavell Capital does

Clavell Capital Limited is a privately held investment banking and advisory firm headquartered in Auckland, New Zealand, founded in 1989 by David Belcher. The firm specialises in mergers and acquisitions, divestments, equity and debt capital raisings, private placements, and public float (IPO) lead management, typically for companies valued between NZ$10 million and NZ$750 million. Its client base spans mid-to-large cap Australasian and Pacific Rim businesses as well as offshore corporates from the USA and Asia seeking to acquire or invest in the region; notable counterparties include Qantas Airways, A2 Milk, Metlifecare Group, Griffin's Foods, Martinus Group, and Nano Digital Home Loans. Clavell is a Foundation NZX broker and works in consortium with lead brokers, legal advisors, and accounting advisors to deliver full-service IPO execution on the New Zealand Exchange.

The firm operates a deliberately small team (1-10 employees) led by Executive Chairman David Belcher and Executive Director John Brabazon, both of whom are personally engaged in every mandate. Supporting infrastructure consists of a proprietary database used to identify transaction prospects and partners, plus long-standing international networks spanning the USA and Asia. Clavell generates revenue through transaction-based advisory fees (success fees and retainers) on M&A, capital raising, and IPO mandates; pricing is not publicly disclosed and is tailored per engagement. Since inception, the firm states it has completed over NZ$3 billion of transactions and Belcher has led more than 25 IPOs on the New Zealand Exchange. The firm has no disclosed proprietary technology platform, no AI capabilities, no external institutional shareholders, and no subsidiaries.

Name

Clavell Capital

Legal name

Clavell Capital Limited

Website

https://clavellcapital.com

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

1–10 employees

Short description

Clavell Capital is an Auckland-based, privately held investment banking and advisory firm founded in 1989, providing M&A, capital raising, private placement, and IPO lead management services to Australasian and Pacific Rim businesses valued between NZ$10M and NZ$750M.

Ownership category

akta.pro rank

Product category

Investment Banking Advisory

NAICS

Investment Banking and Securities Intermediation (52315)

SIC

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

akta.pro primary industry

Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL)

akta.pro secondary industry

Capital Raising Advisory (Debt/Equity/Private Capital) (BPAHADAG)

Keywords

• Investment banking advisory
• Mergers and acquisitions
• Capital raising services
• IPO lead management
• Private placement advisory

Headquarters

HQ city

Auckland

HQ country

New Zealand

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Advisory Fees: Transaction-based advisory fees for mergers, acquisitions, divestments, capital raisings, and IPO services. Fees likely structured as success fees or retainers typical of investment banking.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

Clavell Capital is an Auckland-based investment banking and advisory firm that advises Australasian and Pacific Rim companies on mergers, acquisitions, divestments, capital raisings, private placements, and IPO/public floats, typically for transactions valued between NZ$10 million and NZ$750 million. The firm delivers full-service advisory — from valuation, buyer identification, and Information Memorandum preparation through to negotiation, deal structuring, and closing — and operates as a Foundation NZX broker for IPO mandates.

Product overview

Clavell Capital is an investment banking and advisory firm offering four integrated service areas: Mergers, Acquisitions, Divestments and Capital Raisings; Acquisitions, Sales and Capital Raising for Smaller Businesses; Private Placements; and Public Float Experience (IPO Services). The firm provides full-service advisory from major corporates to smaller companies, typically for transactions valued between $10 million to $750 million. Services are delivered by senior directors who are deeply involved in all mandates, supported by a proprietary database and international networks.

Differentiator

Problem solved

Functional benefit

Products and services

• Mergers, Acquisitions, Divestments and Capital Raisings Full advisory service for major corporates through to smaller closely-held and public companies on mergers, acquisitions, divestments, capital raisings, and company sales. Includes valuation, buyer identification, Information Memorandum preparation, sale negotiations, and closing support.
• Acquisitions, Sales and Capital Raising for Smaller Businesses Advisory services for smaller businesses at all stages of the capital raising process, providing access to a proprietary database and investment banking skills. Covers growth capital, acquisition financing, liquidity for major shareholders, going-private transactions, and working capital needs.
• Private Placements Private sale of debt or equity securities to qualified investors or institutions. Clavell manages the full process from assisting with Information Memorandum writing, through structuring and negotiation, to closing the deal.
• Public Float Experience (IPO Services) Lead manager experience in Initial Public Offerings (IPOs), including scoping, structuring, process advice, prospectus and product disclosure statement writing, marketing, and overall project management. Works with lead brokers and NZX member firms as a consortium for retail investor reach.

Quantifiable outcome

• Successfully completed over NZ$3 billion of transactions since 1989
• +3 more outcomes

Named customers14 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• Co View CapitalcoreStrategic or Co-development Partner · 1 January 2026Co View Capital and Clavell Capital acted as exclusive financial advisors to Martinus Group Holdings for the sale of 50% stake in Salix Products Pty Ltd to Yamoto Kogyo Co. Ltd. This represents a co-advisory partnership for a major rail infrastructure transaction.
• NZX (New Zealand Exchange)coreStrategic or Co-development PartnerClavell Capital works with NZX and member firms to provide IPO services. For IPOs requiring strong retail presence, Clavell works with lead brokers and other member firms as part of a consortium to obtain maximum marketing presence. Clavell is a Foundation NZX broker.

Scale indicators5 records

Recent moves5 records

Expansion highlights3 records

Others

• KordaMentha: Australasian advisory firm specializing in restructuring, turnaround, and corporate advisory. Comparable as a senior-led Australasian advisory firm with overlapping mid-cap client base, though focused on restructuring rather than mainstream M&A.

Direct peers

• Jarden: New Zealand-headquartered investment bank offering M&A advisory, capital markets, and equities research. Directly comparable as a New Zealand-based advisory firm serving similar mid-cap and institutional clients.
• Forsyth Barr: New Zealand investment and advisory firm offering equities, research, wealth management, and corporate advisory. Comparable as a long-standing NZ advisory franchise with similar client base and cross-sell into NZX-listed companies.
• Ord Minnett: Australian private wealth and advisory firm with a corporate advisory practice. Comparable as an Australasian boutique with senior-led client engagement and similar mid-market M&A and capital raising mandates.
• Craigs Investment Partners: New Zealand investment advisory firm providing wealth management, equities, and corporate advisory. Directly comparable as a domestic NZ advisory franchise serving similar mid-cap corporate clients.
• Canaccord Genuity Australia: Australian mid-market investment bank providing M&A, capital markets, and research. Comparable as a focused mid-market advisory firm operating across Australasia with similar deal-size sweet spot.
• Wilsons Advisory: Australian boutique advisory firm providing M&A, equity capital markets, and wealth management. Comparable as a senior-led, mid-market boutique advisory firm serving similar enterprise-value deal sizes in Australasia.

Emerging players

• BDO New Zealand: Advisory practice within BDO's New Zealand network providing corporate finance and M&A advisory. Comparable as an alternative provider of mid-market M&A and capital raising services to NZ companies in similar deal-size bands.

Broad incumbents

• Macquarie Capital: Global investment bank with deep Australasian presence covering M&A, equity capital markets, and principal investments. Comparable as an incumbent advisor operating in the same Australasian mid-cap market, though operating at materially larger scale.
• Goldman Sachs Australia and New Zealand: Bulge-bracket global investment bank with established Australasian advisory franchise. Comparable in product overlap (M&A, ECM, IPO) but operates across the entire deal-size spectrum and competes with Clavell on larger mandates.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/clavell-capital

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

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 Clavell Capital