Connect Yorkshire West & North Yorkshire accountancy partner Garbutt + Elliott has topped £100m-worth of deals in its corporate finance team over the last 12 months.
Garbutt + Elliott’s team has advised on £100m-worth of deals and add two new executives to their team.
The practice has acted as lead financial advisor on 44 completed projects and has 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.
The Corporate Finance team, which now numbers 11 staff, including three partners with over 80 years’ experience, were involved in 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 buyouts 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 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.”
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.”