corporate finance
HMT expands with the appointment of two new corporate finance partners
As a result of a substantial increase in demand for its corporate finance services, HMT has appointed Odhran Dodd and James Thomas as corporate finance partners
Dodd has joined HMT both to lead the debt advisory offering and to increase the corporate finance capabilities.
Dodd trained at investment banks and advisory boutiques and specialises in M&A and debt advisory. During his career, he has completed over 70 deals in a wide variety of sectors from recruitment to financial services, oil and gas, manufacturing and mining, transportation, etc. Prior to joining HMT, Dodd was a partner at UHY Hacker Young and more recently a partner and head of corporate finance at CBW.
James Thomas has joined HMT to establish and lead a specialist technology team.
Thomas was previously a partner at ICON Corporate Finance, an advisory boutique specialising in the technology sector. During his 14 years at ICON, Thomas completed
almost 50 fundraisings and M&A transactions across the TMT space including software, SaaS, B2B and B2C, internet of things (IoT), telecoms, nanotech and new materials companies.
More recently and immediately before joining HMT, Thomas was a director in BDO’s national renewables team, leading on transactions in the energy and cleantech sectors. At BDO, Thomas led assignments for energy technology companies and project developers totalling in excess of £600 million.
A significant increase in fundraising and M&A activity has been witnessed across the TMT sector in recent years with continued interest from investors and a strong increase in transaction multiples driven by disruption in established markets such as software, fintech, insurance, transport and energy to name but a few.
In the past few years, HMT has advised on a large number of significant transactions in the technology sector which includes three rounds of fundraising for Channel Mum, the investments in e-commerce and mobile platforms My 1st Years, Watchfinder,
New venture promises greater, faster access to funding for SME and mid-corporate companies in Central South
Two well-known Central South figures have left the world of banking after more than 20 years, to launch FiftySeven, an independent commercial finance and banking consultancy, tailored to the needs of the region’s businesses.
Alison Trant and Jeremy Richards have founded FiftySeven, in order to put their extensive knowledge, experience and network of contacts to serve the rapidly changing banking and funding market. SME, mid-corporate borrowers and commercial property borrowers may not be aware of the range of commercial funding options opening up to them, and even when are, they may find it increasingly challenging and time-consuming to access them. FiftySeven exists to provide ambitious businesses with guidance, support and solutions for funding their growth plans.
“Between us, we have 40 years’ business experience in the region, working in commercial and corporate teams in High Street Banks and major UK accounting firms.” says Trant. “In the past few years, we have increasingly recognised that, whilst
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SME’s and mid-corporates in this region have more opportunity than ever to fund or to refinance their businesses, they don’t usually have the time or the knowledge to access it.”
Richards adds, “SME’s and mid-corporates need somewhere to turn to for knowledge, support and advice. FiftySeven is designed to be that place.
“We have worked with businesses of all sizes, from start-ups to large corporates and have developed a good understanding of what finance is required at all stages of a business life cycle. We have unrivalled access to over 200 commercial and corporate funders. We will be investing a great deal of time in getting to know clients’ needs at the outset, saving them time and effort in sourcing the right solutions.”
FiftySeven is regulated by the Financial Services Authority, and offers a range of services such as commercial mortgages, working capital, asset finance and cashflow loans, as well as tailoring solutions where the norm doesn’t fit. “Business owners need certainty, especially right now. We are very
Alison Trant and Jeremy Richards
determined individuals,” promises Trant, “and if we can see a business opportunity is right for funding, we will help them find the solution.”
For more infomation go to the website or contact Alison Trant or Jeremy Richards:
57finance.co.uk 01794 874146
info@57finance.co.uk
MPB and Hoop and the MBOs of software businesses CIPRH, The Property Software Group and ProspectSoft among others. The appointment of a specialist technology partner will strengthen HMT’s offering and expertise in this sector.
Andrew Thomson, managing partner, HMT, commented: “We are delighted to welcome Odhran and James to expand our corporate finance and debt advisory capabilities as well as establish a specialist technology team. We have made this investment to grow our business on the back of an extremely strong deal flow during the previous 12 months and these senior hires will enable us to continue to support our clients at the highest level.”
athomson@hmtllp.com 01491 579740
hmtllp.com
THE BUSINESS MAGAZINE – NOVEMBER/DECEMBER 2018
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