UHY Hacker Young’s Manchester corporate finance team led by Adnan Sajid, has provided lead advisory services to support the acquisition of Dalesway Yorkshire Limited by Rumulus for an undisclosed sum.
Dalesway Yorkshire provides off-road adventure experiences, corporate events and professional driver training courses at its site within the 3,000 acre Broughton Hall Estate in the Yorkshire Dales.
Funding for the deal has been provided by HSBC UK’s West and North Yorkshire Business Banking team, led by Andrew Bennett.
Sajid, corporate finance partner at UHY Hacker Young’s Manchester office, said: “We are delighted to have supported Jonathan and Nick Rumboll on this acquisition, working closely with my team, Dominic Eccles and alongside the excellent team at HSBC UK, particularly Amy Wild.
“UHY Hacker Young’s Manchester CF team provide first class due diligence, fundraise and lead advisory services to clients, banks, debt funds and private equity, both in the region and nationally.”
Jonathan Rumboll added: “The deal itself required funding over a 3-4 year period and the loan we were seeking was largely on a cash flow basis. Adnan and Dominic transformed our business plan into a document that was amenable to potential lenders, and HSBC UK were targeted, amongst others, due to their excellent reputation.
“UHY Hacker Young’s extensive automotive experience enabled us to provide detailed financial due diligence for the transaction, which facilitated progression of the loan application through credit approval at HSBC UK. Without the help, assistance and guidance of Adnan and Dominic at UHY Hacker Young in Manchester, this deal would not have been possible.”