Deals worth £20m signal ‘vibrant market’

Our AWARD winning corporate finance team has helped seal deals worth more than £20m for clients across the country in a particularly busy period.

Clive Owen Corporate Finance, headed by one of our partners, Angus Allan and our associate director Ben Williamson, enjoyed one of their busiest periods to date after completing seven separate deals in an intensive seven-week spell.

The deals included:

• Management buyout of Visualsoft, a specialist provider of e:commerce solutions
• Management buyout of Darlington-based Exis Technologies, a leading supplier of computerised systems for the management of dangerous goods in sea transport
• Fundraising work for Gateshead-based IT and telecoms provider Advantex Network Solutions and Newton Aycliffe-based coffee company Beanies the Flavour Co
• Financial due diligence in support of transactions by London-based Edif Group and NEL Fund managers and one other undisclosed, private equity sponsored acquirer

Ben said the £20m figure spoke volumes about the state of the regional economy.

“Much is made of the divide between the North and the South and imbalance in the recovery, but our experience shows there is a vibrant deals market in the North East,” he said.

“Business owners are increasingly confident, and that is reflected both in the deals we have concluded and our current pipeline.”

Ben, recently named Young Dealmaker of the Year in the Insider News awards, added:

“Pleasingly, we’re also seeing City-based acquirers seeking local advisers to assist in transactions. We strongly believe this reflects the strength of expertise and the excellent value that regional advisers offer.”

Angus, previously awarded Corporate Finance Adviser of the Year in the same awards, said: “The variety of our sources of work demonstrates the health of organisations at all stages in the business lifecycle.

“From our work assisting fast-growing businesses to raise funding, through to acquisitions and management buyouts of mature companies, we have demonstrated our expertise in helping businesses of any type and size.

“We are looking to capitalise on the opportunities currently available and are actively looking to add to our numbers as we continue to see improved deal flow in the region.”