Ex-Blue oar boss on buying spree

FORMER Blue Oar Securities chief Andrew Monk has swallowed up a pair of small businesses to boost his new vehicle, Third Quad Capital.

Third Quad said yesterday it had bought up loss-making corporate finance and broking house VSA Capital, a resources, oil and gas specialist, for a nominal sum. It has also bought Softline, a software distributor, for a total consideration of £1.3m.

Monk has kept a low profile in the City since leaving Blue Oar, now Astaire, when it was taken over by Edward Vandyk’s Evolve Capital.