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Today’s news in brief – 15/11/2023

Gerald Edelman has provided advisory services to Norland Equity Partners Limited for its acquisition of The Combined Services Provider Limited (CSP). Norland, a self-funded search fund, focuses on acquiring and growing small to medium-sized UK-based businesses. CSP, with over 30 years’ experience, offers services to major sporting and entertainment venues, including Arsenal FC and Wimbledon Championship. Gerald Edelman acts as a buy-side adviser, conducting financial and taxation due diligence and providing post-transaction financial modelling. The acquisition marks Norland’s second in 2023, with both teams overcoming challenges for a successful outcome.

BDO has introduced a commercial advisory service to assist clients in developing and optimising supply chain strategies. The team, operating nationally with key hubs in London, Birmingham, and Bristol, covers end-to-end supply chain advisory services. Led by partner Oliver Back, the team addresses procurement, contract and commercial risk, third-party management, and supply chain logistics. The service caters to various sectors, including natural resources, energy, pharma, aerospace, defence, telecoms, manufacturing, retail, public sector, and sports. The launch aligns with the increasing demand for resilient and value-driven supply chain relationships amid geopolitical instability and regulatory obligations.

Bishop Fleming has announced the divestment of its Payroll Service Bureau to IRIS Software Group, focusing on its core growth strategy in audit, accounting, tax, and advisory services. The transaction involves IRIS providing payroll services to Bishop Fleming’s 900 managed payroll clients using advanced technology and experienced CIPP-accredited payroll managers. The divestment enables Bishop Fleming to reinvest in its core business and strategically partner with IRIS. The collaboration ensures Bishop Fleming’s clients receive tailored and exceptional payroll services, combining expertise from both entities.

UHY Hacker Young appoints Harriet Hodgson-Grove, Khiet Cheung, and Tracey Moore as partners. Moore, with a background in advising charities and not-for-profit organisations, is promoted to partner in Kent. Hodgson-Grove, based in London, becomes an Audit partner with expertise in hospitality, property, natural resources, and not-for-profit sectors. Cheung, appointed as a Technical and Training partner in London, plays a leading role in audit quality, contributing to UHY’s focus on enhancing systems and processes. The appointments recognize their significant contributions to the firm’s success.

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