Cleveland Scott hails ‘record year’ for deal activity

Corporate finance boutique Cleveland Scott has reported a “record 12-month” period after advising on deals with a total value of over £60m. According to Cleveland Scott, among the highlights of the year to June was the management buyout of language services provider The Translation People, backed by Mobeus Equity Partners. Cleveland Scott co-founder and joint managing director Tim Scott introduced Mobeus to the company and advised the vendors. North west-based Cleveland Scott also acted for the shareholders of May Figures, a chartered accountancy and tax advisory firm, on its sale to private-equity backed accountancy firm AAB. Other deals included advising the shareholders of Vanguard Cleaning Management Solutions, which is based in Oswestry, Shropshire, on its acquisition by Churchill Support Services, which has its headquarters in Chorley. Aditionally, the team also advised sales and lettings agency Matthews of Chester on its sale to Lomond Group through its Thornley Groves brand, and acted for north west sports and fitness brand Built for Athletes on a seven-figure equity investment by River Capital. Scott and Richard Higham founded Cleveland Scott in 2017 to focus on advising business owners on their exit and succession strategies by helping prepare their companies for sale and identifying buyers. They were joined in 2021 by Ryan Niblock as corporate finance director. Cleveland Scott has its offices in Warrington. The firm’s most recent deal saw the firm advise Hafod Renewable Energy, based in North Wales, on its sale to Warrington-headquartered Certas Energy. Scott said: “Our business has grown year-on-year, but the last 12 months have been particularly buoyant. “The market has been very positive despite the obvious economic headwinds. There is still plenty of capital available from banks, private equity and debt funds, and strong appetite from buyers and sellers.” Higham added: “Business owners have had to deal with two seismic and hopefully once-in-a-lifetime situations in Brexit and Covid, which has led to many looking to de-risk, either through a partial or full exit. “As our reputation and profile have grown, so too has the geographical spread of our work. Business owners and acquirers like our approach, and the fact that it is ourselves who are the deal team, having over 50 years’ combined experience of leading on merger and acquisition transactions. He concluded: “We’ve completed a range of deals, including trade sales to PLCs, private equity-backed buyouts and fundraisings, on behalf of companies across the country. It’s been hugely satisfying to see the fruits of our labour realised with these transactions.Our pipeline remains very strong and we are expecting to bring a number of new opportunities to market later this year and into 2024.”

Cleveland Scott hails ‘record year’ for deal activity

Cleveland Scott’s most recent deal saw the firm advise Hafod Renewable Energy, based in North Wales, on its sale to Warrington-headquartered Certas Energy

Read Next

BDO expands Southern private client services team

Today’s news in brief – 10/10/2024

Broadstone appoints new director of regulatory analytics

Today’s news in brief – 9/10/2024

KPMG UK and FareShare launch new three-year charity partnership

BDO expands Southern private client services team

Today’s news in brief – 10/10/2024

Broadstone appoints new director of regulatory analytics

Today’s news in brief – 9/10/2024

KPMG UK and FareShare launch new three-year charity partnership

What the ‘right to switch off’ could mean for financial services

ACCA calls on Gov to stick to priorities for economic growth

Accounting industry ‘fails to keep pace’ in August as revenues fall 8.7%

BDO expands Southern private client services team

Azets calls on Gov to simplify R&D tax relief scheme

Read Next

BDO expands Southern private client services team

Today’s news in brief – 10/10/2024

Broadstone appoints new director of regulatory analytics

Today’s news in brief – 9/10/2024

KPMG UK and FareShare launch new three-year charity partnership

Related Articles

What the ‘right to switch off’ could mean for financial services

ACCA calls on Gov to stick to priorities for economic growth

Accounting industry ‘fails to keep pace’ in August as revenues fall 8.7%

BDO expands Southern private client services team

Azets calls on Gov to simplify R&D tax relief scheme