GARBUTT + ELLIOTT CORPORATE FINANCE TEAM ADVISES ON DEALS WORTH £100M IN LAST 12 MONTHS
Over the last financial year we have acted as lead financial advisor on 44 completed projects and have a further 30 currently in progress, across a variety of business sectors including manufacturing and engineering, printing, brewing, food, transport, healthcare, support services and technology.
With a combined deal value of £100m, the Corporate Finance team cemented its place as the go to Yorkshire Corporate Finance team for advice on business sales, mergers and acquisitions, management buyouts and growth finance or refinancing through bank and private equity funding. The Corporate Finance team, which now numbers 11 staff, including three partners with over 80 years’ experience, is one of the largest in the region.
Highlights of 2018 include the sales of Kingsway Printers to The Reflex Group Limited, Marble Building Products to investment company HLD Group and Scarborough based TEF Transport to Bradford based Emballator UK. The firm has acted as lead advisor on several buy outs including the succession plan and Vendor Initiated Management Buy Out (VIMBO) of the SCS Group, a specialist contractor in the supply of building solutions and installation and on a series of acquisitions for Harrogate based First Response Group. They also recently advised the vendors on the Management Buy Out of highly regarded local family business, Langlands Garden centre.
During the last 12 months, the Corporate Finance team raised a significant amount of funding for clients, advising a number of businesses on ambitious expansion and growth plans particularly in the expanding Leeds Technology sector, including securing growth capital funding for PureClarity Technologies to develop its Artificial Intelligence software. The team also worked to secure funding towards the launch of Edtech Impact, the world’s first platform that works for schools by matching edtech solutions using evidence of impact.
Garbutt + Elliott’s Corporate Finance Partner, Richard Feltham said, “Our continued success has meant that we have brought in two new executives to the team, with an eye on further expanding in 2019. Not only do we aim to continue to grow in terms of personnel, we also intend to retain our reputation for a highly personal, partner-led service from a very experienced team and to further build on the excellent variety of deals that we have completed this year for owner-managed businesses in the region.”
Commenting on the next 12 months, Partner Tony Farmer added: “We have a strong pipeline of varied deals, for 2019, within the food, transport, construction, digital and engineering sectors. Year on year we are building upon our successes and continuing to offer a more enhanced service to our clients, helping them to achieve their goals and objectives.” Partner Tariq Javaid adds, “We are incredibly proud of our service and how we deliver it and we look forward to providing continued advice and support to a myriad of cross sector clients in 2019.”
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