AAB expands equity funding team with new appointment   

Chartered accountants Anderson Anderson & Brown (AAB) has announced the appointment of Philip McGrath as corporate finance manager to its specialist Equity Funding team.

According to the firm, McGrath has “significant” experience supporting clients in raising Seed and Series A funding rounds across a wide range of sectors but with particular expertise in technology, food and drink, leisure, retail and hospitality.

McGrath joins AAB from Grant Thornton’s London office and will support equity funding mandates across the UK.

Brian McMurray, head of equity funding at AAB, said: “we are delighted to welcome Philip to the team, he brings outstanding skills and knowledge of the London market which adds a new dimension to our dedicated team and will also contribute towards us becoming the go-to firm for growing businesses looking to raise equity funding across the UK.

“Over the last 12 months we have seen a vast increase in the quantum of equity funding mandates in line with our growth strategy to support SME’s in this space. This has resulted in us completing 5 equity funding deals in the first half of 2019, including the raising of equity funding for Project Heather (Scottish Stock Exchange), eyewear brand Finlay and Co and drinks brand Porter’s Gin.”

He added: “The growth in demand for this work is massively encouraging as we continue to expand in this market and Philip’s appointment will enable us to capitalise on the various opportunities we have in the pipeline whilst also building new relationships with future targets.”