28 corporate finance
FPN supports deal to rescue Portsmouth FC
Fanshawe said: “It has been a long, hard road to get here. I take my hat off to the supporters and in particular Ashley Brown, Mick Williams and Mark Trapani, who never lost hope and without whose hard work and dedication this deal could not have happened.
It is very exciting to have been involved from the early stages.
“This is what we are all about; helping to rescue businesses and generate employment and, in this case, maintaining an important component of the community. I would love to see Portsmouth as a model for other clubs. The supporters’ time has come.“
Trapani, director of Portsmouth, said: “Rosemary and Antony have helped us enormously throughout the process, bringing a very grounded commercial approach and their enormous experience to what has been a long and difficult road for the Trust. We are delighted that with their help we have reached the end of that road and emerged with a simply brilliant result. I hope that they will help us going forward.“
FPN, based at Ocean Village in Southampton and offering a mix of corporate finance and strategic advice, is newly launched.
Rosemary Penn-Newman and Antony Fanshawe with Mark Trapani
Hampshire-based corporate finance specialist FPN is celebrating its role in helping the Pompey Supporters Trust win control of Portsmouth Football Club in a groundbreaking deal.
FPN founders Rosemary Penn-Newman and Antony Fanshawe have been advising the Trust since last summer, helping steer its bid to create UK football history.
The pair assisted with fundraising, structuring the deal, negotiating with the administrators
and financial planning, and the deal they have helped negotiate has created the largest supporter-owned club in the UK, following a model pioneered in Europe by many clubs including Barcelona and Bayern Munich.
The route to the landmark deal was a complex one which unusually involved establishing the credibility of the Trust as a potential purchaser as well as the raising of funds via a share scheme that won widespread local support.
Chantrey Vellacott DFK launches joint venture with Business Credit Management (UK)
National accountancy firm Chantrey Vellacott DFK has launched a joint venture with Southampton-based Business Credit Management (UK), founder of leading industry website
www.creditman.co.uk.
The firm, which has an office in Southampton on Brunswick Place, one of 10 offices across the South East and Midlands, has struck a deal to acquire Oriel Collections’ interest in Business Credit Management, and over the coming months will be working to upgrade the CreditMan website, offering the user a more enhanced and compelling experience.
Business Credit Management had previously been in partnership with Oriel Collections and will continue to be managed by founder John Arnold.
www.businessmag.co.uk
CreditMan was launched by Arnold, a fellow of the Institute of Credit Management, in 1996, and has evolved into a valuable resource tool, directory and portal, widely used by credit professionals and small businesses.
Its services include daily news updates, news on companies and people in the credit industry and a weekly email newsletter, The Business Credit News UK, which highlights legislative changes, company news, events and seminars.
Richard Toone, department head at Chantrey Vellacott DFK, said the firm is delighted to have struck a deal with CreditMan.
“CreditMan is a hugely valuable resource for anyone associated with the credit finance
industry and when the opportunity arose to partner with John Arnold we grabbed it with both hands,“ he said.
“Chantrey Vellacott DFK is committed to investing in the existing offering and will be assisting John in any way we can to enhance the current services on offer and provide valuable information to the credit industry.“
Arnold added: “The website reaches a vast number of credit and business professionals seeking credit, financial advice and credit control services.
“Chantrey Vellacott DFK has a strong creditor support offering and is well placed to strengthen the ongoing development of CreditMan. We look forward to working with the firm.“
THE BUSINESS MAGAZINE – SOLENT & SOUTH CENTRAL – JUNE 2013
almost five years since Penn-Newman and Fanshawe’s renowned corporate finance and recovery firm, Fanshawe Lofts, was acquired by Begbies Traynor.
The founders come with a great reputation and long experience of advising companies needing to resolve complex funding, ownership and strategic issues.
It is now
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