DEALS AWARDS 2017
SOLENT
Young Dealmaker (Under 35) of the Year Award
This new award was introduced to recognise the wealth of emerging south coast professional CF talent under the age of 35
Joint Winners:
Philip Mettam (Meridian Corporate Finance)
Since joining Meridian in 2010, Mettam has worked on more than 35 transactions; in the award period, deals with a £105 million enterprise value, including the complex international MBO of CT Automotive.
Gemma Wild (HSBC) As senior corporate relationship
Other finalists . . . • Oliver Kelly (Pitmans Law) • Lisa Sigalet (Shoosmiths) • Mat Wilson (Blake Morgan)
Small Deal (Under £10m) of the Year Award
On-the-night voting of informed CF professionals was deciding the final three major awards
Winner: Stewart Signs MBO
involving Meridian, HSBC, Blake Morgan, Trethowans, Shoosmiths, DSA Prospect.
director, Wild manages a portfolio of international and domestic HSBC clients, assisting with development capital facilities. She was a key player in a number of HSBC funding arrangements
With £3.5 million in funding from HSBC, the management of Eastleigh-based Stewart Signs bought out the company owners. The new team plans to double the size of the business by 2022 and create 50 new jobs
Other finalists • AndersElite MBO
• Deacons Boatyard sale to Dean & Reddyhoff
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• Opus Telecom sale to NIX Communications
• ProcessFlows sale to Konica Minolta
“This was a big deal for us, a family business that my father set up. We wanted to make sure it sustains itself and grows further ... This deal has been the perfect solution, comfortable for everyone, a seamless transition.” said MD Tony Towson.
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Mid-range Deal (£10m-£50m) of the Year Award
This deal was a complex cross-border buyout of leading regional car parts manufacturer ChinaTool.
Winner: China Tool Projects/CT Automotive MBO
involving Meridian, BDO, HSBC, Trethowans, Blake Morgan, Clarke Willmott and KPMG.
With content shareholders and familiar management faces in the boardroom, Group FD David Wilkinson said that, in many ways, the deal had
Other finalists . . .
• Dyer & Butler sale to First Reserve
• Onecom acquisition of Evolve
• Raymond Brown Minerals sale to Elysian Capital
• Wellian Investments acquisition and IPO on AIM
THE BUSINESS MAGAZINE – SOLENT & SOUTH COAST – JULY/AUGUST 2017
Large Deal (over £50m) of the Year Award
This acquisition makes Hendy a £600m-turnover business and extends its territory into the South East. It is now a Top-20 UK automotive retailer.
Winner: Hendy
Automotive acquisition of Lifestyle Group
brought about ‘business as usual’. Structured to enable incentivisation, the deal augurs well for the future. “Over the past few years our compound annual growth rate is about 20%, and from our forecasts and sales opportunities there is absolutely no reason why that shouldn’t continue for the next three to four years.”
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Hendy Group CEO Paul Hendy described the deal as “… a particularly complex deal with a number of ‘moving parts’. We rebanked during the process for example, had to discuss matters with a number of manufacturing partners, and a fundraise was required. Plus, we had to maintain business momentum
Other finalists
• University of Southampton bond issue
• Utility Funding sale to Foresight Metering
• Trustmarque Solutions sale to Capita
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and not become distracted in the day job. So, ‘hats off’ to the whole team for all the work they did throughout the process.”
Hendy noted that his regional advisory team included award- winners recognised at the awards night.
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