Three in three weeks

I haven't posted for a wee while; usually this is down to lack of inspiration but on this occasion I have been gainfully employed.    We've just completed three transactions in just under three weeks.  Of course this is not the normal running rate; so I have to boast about it while I can!

On 31 March - this being our year end a degree of brinksman ship involved here - we completed the disposal of a c£18M turnover manufacturing business following an auction process, and on the same day the acquisition by a local design house of one of its main suppliers.  Last week we completed a succession / management buyout of a c£20M turnover nationwide equipment hire business.   I could acquire a taste for champagne at this rate. 

Thanks to the other professional parties involved in these deals; Tom Pickthorn and Jonathan Burton at Mills & Reeve, Clive Smith and Edward O Rourke at Kester Cunningham John, Simon Walker and Sian Griffiths at Taylor Wessing, and Mark Gearing at Hewistons on the legals.  On banking  Val Dring and Paul Marks of Royal Bank of Scotland, and Dan Harrison at Lloyds Bank.

It is nice to have acheived a mix of M&A with a company sale and an acquisition and a management buyout.  I hope to be able to tell more of the story once PR is cleared with various parties.