Busy summer of deal completions

Multi-award winning deal maker Strategic Corporate Finance has advised on six company transactions which completed during a very busy summer for the firm. The firm sees this as evidence of greatly improved confidence among business owners and an increased appetite for undertaking corporate acquisitions, management buyouts and corporate disposals.

Among the six completed transactions, Strategic advised on four corporate disposals starting with the sale of Yorkshire-based technical textiles manufacturer Universal Carbon Fibres to US group Tex Tech Industries Inc. This was closely followed by the sale of Nottingham-based software developer EIBS to AIM listed software group Ideagen plc. Both of these transactions followed a pro-active marketing process led by Strategic which resulted in significant interest from a number of buyers for both companies. Strategic also advised on the sale of a precision engineering business to a private investor and the sale of an occupational health screening company to a business services group.

Strategic also acted as lead deal adviser on the management buy-out of a £25m+ turnover business in the automotive supply chain and advised automotive parts distributor Motor Parts Direct on a substantial acquisition taking the group’s turnover to above £70m. This was the third acquisition Strategic has found and completed for Motor Parts Direct.

Andrew Coates, Managing Director of Strategic Corporate Finance, sees the busy summer of deal completions as a further sign of confidence returning to those looking to initiate and complete deals. He said “It is very pleasing to see so many transactions completing enabling business owners to get on with their plans for the future, whether that is life after their business or continuing with company expansion plans. Our current workload indicates that we can expect this trend to continue for the rest of 2014 and into 2015.”

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