Independent advisory firm Dow Schofield Watts has partnered with the Camlee Group.
The Manchester-based corporate finance boutique, which provides business sales advice to SMEs, will continue to service the SME market under its existing brand while cooperating closely with Dow Schofield Watts, which focuses on mid-market deals.
According to the advisory firm, the move will give Camlee’s clients access to the “wider range of services” and allow the two businesses to work in partnership to expand their presence nationally.
Dow Schofield Watts has a team of over 70 professionals based in offices in the north west, Leeds, London and Aberdeen. It also operates its own international corporate finance network covering 20 countries, a dedicated tech team and an angel network.
Camlee employs 20 staff in offices in Sale, near Manchester and Borehamwood, Herts, and advises businesses with a typical enterprise value of £2m to £30m. The firm was founded in 2012 by Cameron Varley and Lee Wojtkiw, who will both remain with the business.
James Dow, founding partner of Dow Schofield Watts, said: “Camlee Group is highly respected amongst its peers and fits well with our own ethos of providing a professional service. We are delighted to find a partner who could bring a different approach but one that is consistent with our values.
“The partnership will enhance Camlee’s capabilities to support its clients and speed up our own national roll-out. We expect it to yield significant benefits to both businesses.”
Varley said: “Having firmly established Camlee as a significant force within the SME corporate finance market, this partnership will enable us to leverage the considerable expertise within the Dow Schofield Watts group to support our existing and potential clients and take our business to the next level.”
Wojtkiw added: “The Camlee approach has been hugely successful to date but the access to the broader and deeper team of highly skilled professionals at Dow Schofield Watts is a wonderful opportunity to accelerate the expansion of both firms.”