Business

UHY Hacker Young advises on Winning Pitch sale

The corporate finance team at UHY Hacker Young was led by David Kendrick, partner, who worked closely with corporate finance executives, Dominic Eccles and Andrew Hancock

UHY Hacker Young announced it has recently advised Newable, a London-headquartered provider of space, money and advice to SMEs, on its acquisition of business advisory firm Winning Pitch. 

Winning Pitch was founded by John Leach in 2005 and has a current turnover of around £5m. The business looks to provide solutions to help businesses across the north of England and Wales scale up and build value. 

Since its beginnings, it has supported over 16,500 businesses and created over 28,000 jobs, with a particular focus on designing, delivering and managing complex, high value business growth contracts on behalf of local and central governments.

The corporate finance team at UHY Hacker Young was led by David Kendrick, partner, who worked closely with corporate finance executives, Dominic Eccles and Andrew Hancock. 

The team advised Winning Pitch in identifying the buyer, negotiating a deal and providing full deal management services to the shareholders.

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The deal will reportedly facilitate “significant” growth, combining Winning Pitch’s public-sector driven expertise in the North alongside Newable’s “track record”, which includes supporting over 25,000 businesses every year.

Chris Manson, CEO of Newable, said:  “There is clear synergy with Winning Pitch in terms of our shared people-led values and objectives of supporting businesses at the heart of the economy to drive and empower growth. 

“Through complementary skillsets, geographical reach and business networks, we will be able to provide an unrivalled offer across the UK to help businesses at every step of their journey, from start-up to scaling up.”

Jim Keane, CEO of Winning Pitch, added: “This is a really exciting opportunity to deliver the considerable combined expertise for the benefit of businesses throughout the whole of the UK.  We are looking forward to working with Newable in expanding on the range of services offered to both existing and new clients, partners and business owners.” 

Jim Keane will continue to lead Winning Pitch as CEO and John Leach will continue to contribute in an Advisory Capacity. 

David Kendrick, corporate finance partner at UHY Hacker Young, said: “Having known John for a number of years, this sale to Newable is an elegant exit for him, allowing the business to become part of a much bigger and ambitious group. There are huge synergies between the two businesses and despite COVID, good businesses are still desirable for acquisition.” 

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