The Xeinadin Group has restructured its corporate finance capabilities from across the group’s footprint of over 100 locations within the UK and Ireland, to create a dedicated division in support of the wider company growth strategy.
Xeinadin Corporate Finance, jointly led by Steven Lindsay and Paul Whitney, will bring together corporate finance expertise from across the UK and Ireland, to support the M&A market in the UK.
The move is the group’s first announcement on strategic changes following its “significant” minority investment from Exponent earlier this year, which has enabled Xeinadin to focus on its growth strategy and the development of “key” practice areas.
The firm’s Corporate Finance team has advised on three deals which have been completed recently. Most recently, the team advised the vendors in the acquisition of IT Telemarketing Services (ITTS) by Agent3.
Earlier this month, the team also advised EcoSpeed, a Manchester-based same day courier company as it was acquired by distribution business CitySprint, which is part of DPDgroup.
Additionally, the team were also advisors to the vendors on the acquisition by Thornely Groves, a lettings and sales agency of long-standing independent agency Julian Wadden and Company.
Derry Crowley, CEO of Xeinadin Group, said: “We have developed a strong reputation for corporate finance across the group over the last few years and now is the right time to restructure and invest further in our offering to enable it to grow and provide exceptional advice to our client base of owner-managed businesses.”
Steven Lindsay, co-head of Corporate Finance, added: “This restructure will enable us to further strengthen our corporate finance capabilities. We are ideally placed to help business owners and directors consider their options involving exit, funding, acquisitions and management or employee buy-outs.”
Xeinadin was formed through a merger of the offices in 2019 and is now structured into 14 regional hubs, and it recorded annual revenues of over £100m in its latest financial year.