Feature About


David Belcher and Carl Peterson founded Clavell Capital Limited in 1989 to provide world-class merchant banking advice to New Zealand companies, both large and small. There was, and still is, a real gap in the market for companies to receive the highest quality advice at pricing that is affordable to small and medium sized businesses; as well as more sophisticated advice to large international corporates. Since then Clavell has executed numerous mandates on behalf of clients in New Zealand as well as from Australia, China, the Philippines, the United Kingdom and the United States.

Personal Touch

Our directors are involved in all mandates. We have always prided ourselves and remain firmly of this view, so that all clients receive the benefit of the highest quality advice and expertise. To ensure this we have deliberately kept our team small, which not only produces the best outcomes, but also does so in a cost effective manner.


Clavell is able to give completely independent advice due to the fact that it does not offer any other merchant banking products and services and is not part of another organisation offering such services. Accordingly, it does not have the conflicts such linkages necessarily create.


Clavell has assisted many iconic New Zealand businesses with both strategic advice and professional execution of each task undertaken. As well as over $2 billion dollars of completed M&A transactions, Clavell has also acted as lead manager in a number of very successful IPOs and listings on the New Zealand Stock Exchange, which underscores the history of its founders as members of the Exchanges for over 20 years. Clavell has advised a wide range of companies including Sovereign, Metlifecare Group, 1-day.co.nz, Abano Healthcare Group, Cerebos Gregg’s and ACP Media.

International Networks

All of Clavell’s clients benefit from strong international networks and a highly experienced team; and because Clavell has always sought to build long-term relationships with outstanding businesses, they have acted for a large number of clients for over a decade.