32 BANK
OF THE YEAR AWARD
SPONSORED BY SPECTRUM CORPORATE FINANCE WINNER HSBC
The winning HSBC team with Mark Frettingham holding the trophy
Four banks lined up for the prestigious title of Bank of the Year: Barclays, Co-operative Bank, HSBC and Santander.
Sponsored by Spectrum Corporate Finance, the award celebrates the banks which best support businesses, sectors and activity in the local region.
Prominent in the Solent area over the past 12 months, Barclays was applauded for its funding of an AIM-listed business and the refinancing of a Dorset legal firm, as well as funding acquisitions and helping businesses grow.
Nominations praised Barclays‘ commitment, while among its headline deals was a spinout from a major telecommunications company, which confirmed the bank‘s appetite to support PE-backed deals.
The Co-operative Bank received praise for meeting the needs of its customers, while remaining true to its core ethical values and principles. It provided development funding for the Ageas Bowl scheme, which will see the building of a four-star Hilton branded hotel and facilities, and was described as one of the highest-profile deals in the region in 2012.
The bank was also involved in a number of care home transactions, including facilitating funds for various companies to build new care homes and finance for MBOs.
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Described as a major player in 2012, the audience heard that HSBC has been strong in its support for businesses across the region. From its base in Southampton, the team‘s deals have included providing senior debt to CTC Aviation, support for Lucketts Holdings, Independent Vetcare, Big Yellow Group, Meggitt and many others.
One of the largest deals underwritten by HSBC was private equity firm Cinven‘s acquisition of CPA Global, described as one of the largest deals in the history of HSBC‘s southern operation. The bank was consistently singled out for its dedication to local business and strong customer relations.
The growth in Santander‘s Southampton team has led to a much higher profile for the bank across the region and the bank grew its lending book by 17% in the year. Its Breakthrough campaign, which has included taking a number of local businesses to masterclass programmes and providing access to peer groups and business resources, received many plaudits among the nominations, helping establish Santander as a leading bank for SMEs. It has been involved in funding a raft of deals, including Rookley Park on the Isle of Wight, local restaurant chain Blue Ocean, and Wiltshire‘s Formhalls Vintage Racing.
Simon Davies, partner at Spectrum Corporate Finance, was tasked with reading
THE BUSINESS MAGAZINE – SOLENT & SOUTH CENTRAL – JULY/AUGUST 2013
out the name of the winner – HSBC, to the delight of the whole team who went up to collect the trophy.
Mark Frettingham, head of Corporate Banking, Southern Corporate Banking Centre, said: “All the team at HSBC Southern Corporate Banking Centre were delighted to win the Bank of the Year Award at the Solent Deal Awards. This is the fourth year running we have been awarded the title and are very grateful to our customers and the local professional community for their support.
“In the past 12 months we have completed a significant number of transactions for both existing and new customers to help them grow in challenging economic conditions. We aim to understand our customer‘s plans and strategies so that we can support them along their journey, providing appropriate and timely solutions. This is made possible by a great team who are very experienced in the corporate banking market and who enjoy building long-term relationships with our customers that operate both domestically and internationally.“
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