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Bishopsgate Corporate Finance announces trio of new appointments

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Bishopsgate announces trio of new appointments

As part of its ongoing growth trajectory, Bishopsgate Corporate Finance today announces three new joiners to the team: Sam Reynolds as Senior Manager and two Associates Patrick Boyle and Rosie Glover.

Sam qualified as a chartered ACA accountant before specialising in Corporate Finance. During his career he has worked across a diverse client base ranging from early-stage businesses to large corporates with a turnover in excess of £750m, but his specialism lies in owner-managed business and SMEs with an Enterprise Value between £5 and £50m. He has experience across a range of transactions including sales mandates, MBOs, exit strategy reviews and business valuations. Recent deals Sam has worked on include the MBO of Titan Motorsport (Winner of the Insider Awards <£10m Deal of the Year 2022) and the sale of Cambridge Bioscience & Research Doners to Nordic BioSite.

Patrick and Rosie, both of whom have previously interned with Bishopsgate, recently graduated from university. Patrick with a First Class MA Hons in History and Classics from Edinburgh and Rosie with an BSc Hons Economics degree from Newcastle.

Morgan Atherton, Managing Partner comments:
“Bishopsgate is committed to growing and developing the expertise and level of service that we offer our clients. Sam, Patrick and Rosie bring with them impressive academic backgrounds and experience as well as a level of enthusiasm and commitment that are invaluable to our business. Their recruitment forms part of a careful curation of a highly specialised team providing high quality technical advice to our clients and we are delighted to have them onboard. Bishopsgate offers a first-class working environment that nurtures young talent, and we look forward to supporting their career development in the world of M&A.”

Bishopsgate Corporate Finance is a leading independent M&A advisory firm. It provides bespoke and specialist corporate finance advice to privately owned companies across the UK. The experienced partner-led team advises owner managers, entrepreneurs and company shareholders on company sales, exits, acquisitions, management buy-outs, fundraisings and private equity transactions, utilising the extensive network of domestic and international buyers and investors.

Bishopsgate Corporate Finance ranked 29th on The Sunday Times 100

By News

Bishopsgate Corporate Finance has achieved 29th place on the 2023 edition of The Sunday Times 100, the prestigious annual ranking of Britain’s fastest-growing private companies.

Bishopsgate was recognised for its annual sales growth over three years of 121% with its fee income accelerating to hit £5.2 million in the year to March after it doubled the size of its team.

The distinguished list of companies featured must meet the entry criteria which includes the company being independent and privately owned, operating profit in the latest year, have four years of accounts, with sales growth measured by compound annual growth rate over the latest three financial years.

James McBain Allan, Partner at Bishopsgate Corporate Finance comments:
“It is a privilege to be part of the Sunday Times’ annual celebration of UK businesses and to receive such recognition for the achievements made at Bishopsgate. These results are testament to the high calibre of the businesses that we have the honour to work with and the hard work and dedication of our team of expert advisors and I am grateful for everything they have accomplished. Through further investment in the team and business we have an exciting pipeline of activity ahead of us and plan to maintain our growth trajectory and continue to achieve record deal values for our clients. At Bishopsgate we offer a level of professionalism and breadth of expertise that is second to none and achieve outstanding outcomes.”

About Bishopsgate Corporate Finance
Bishopsgate is a leading independent M&A advisory firm providing bespoke and specialist corporate finance advice to privately owned companies across the UK. Our experienced team advises owner managers, entrepreneurs and company shareholders on company sales, exits, acquisitions, management buy-outs, fundraisings and private equity transactions, utilising our extensive network of UK based and international buyers and investors. Since its launch in 1996 it has completed over 200 deals with a total fee income of over £2.5bn.

About The Sunday Times 100, Britain’s fastest-growing private companies
The league table takes on the baton from The Sunday Times Fast Track 100 series, which celebrated the country’s leading entrepreneurs for 24 years. The 2023 league table is supported by Barclays Private Bank, DHL Express and Inflexion.

Bishopsgate shortlisted for 5 awards at East Midlands Dealmakers Awards 2023

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The shortlist for the East Midlands Dealmakers Awards 2023 has been announced and Bishopsgate Corporate Finance has been nominated for 5 awards! This is a record number of nominations for us and a truly fantastic result, especially in one of the most competitive set of entries in the events history.

Bishopsgate Corporate Finance has been shortlisted for the following awards:
1. Corporate Finance Advisory Team of the Year
2. Edward Wesson in Emerging Dealmaker of the Year
3. Deal of the Year (under £10m): Thrive Operations’ acquisition of Custard Technical Services (Bishopsgate Corporate Finance, Browne Jacobson)
4. Deal of the Year (Above £10m): Forterro’s acquisition of OrderWise (Bishopsgate Corporate Finance, Wilkin Chapman, Duncan & Toplis, RSM, Charles Russell Speechly Law, Partners Group, Battery Ventures)
5. James McBain Allan in Dealmaker of the Year

Congratulations to all those who have been nominated. We very much look forward to celebrating at the awards ceremony in May.

Bishopsgate Corporate Finance finalists at Go:Tech Awards 2023!

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We are thrilled to announce that Bishopsgate Corporate Finance has been shortlisted as a finalist for Tech Dealmaker Of The Year at the Go:Tech Awards 2023.

Our fantastic team has been recognised for their experience and expertise in the Technology and Software sector, having successfully completed 6 deals in the last 12 months including the sales of Orderwise and Wise Robotics to Forterro, Pellcomp to Advanced and Data Interchange to Epicor.

The Go:Tech Awards celebrate businesses and entrepreneurs leading the way in technology and innovation across the UK.

Congratulations to the other shortlisted firms, we are looking forward to the ceremony in June!

Bishopsgate Corporate Finance achieves record year

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M&A advisor Bishopsgate Corporate Finance has achieved a record 2022/23 year in terms of number of deals, total deal value and fee income. The 10 completed transactions included successful sales to trade and private equity buyers, management buy-outs and acquisitions and covered a range of sectors, including technology & software, industrials and business services.

Highlights for the year include:
– 10 completed transactions
– £220m of deal value
– 8x sales to trade and/or private equity buyers
– 2x management buy outs and acquisitions
– 70% of sales to PE firms or PE backed buyers
– 60% of deals in Technology & Software space
– 4 new joiners
o Morgan Atherton, Managing Partner
o Darren Hagan, Manager
o Tirayo Obileye, Analyst
o Sophie Robotham, Business Development

Morgan Atherton, Managing Partner comments:

“These results are a testament to the strength and talent of the Bishopsgate team, our close relationships in the local market, deep sector specialisms and the quality of our clients’ respective businesses.

“Having invested significantly in the team and the business, we have an exciting pipeline of deals and are looking forward to another successful year from April, delivering high quality, expert M&A advice and delivering outstanding results for our clients.”

Bishopsgate Corporate Finance is a specialist corporate finance boutique founded in 1996 operating from offices in Stamford and London. Since its inception Bishopsgate has advised on over 200 deals with a combined value in excess of £2.5bn. Bishopsgate advises owner managers and entrepreneurs on Exits, Acquisitions, Management Buy-outs, Fundraisings and Private Equity Transactions combining significant international and sector specific expertise to deliver exceptional outcomes for its clients.

Bishopsgate finishes the year with the sale of Hawkins Electrical to RSK Group

By Deal Announcements No Comments

Bishopsgate Corporate Finance is pleased to announce that it advised the shareholders of Hawkins Electrical on its recent sale to RSK. Hawkins Electrical is a specialist nationwide electrical service to the UK holiday and mobile home industry and offers bespoke design and installation, product supply and manufacture, inspection and maintenance, mandatory testing and remedial works.

Skegness based Hawkins Electrical was founded in 1967 and its team of 74 includes qualified electrical engineers along with electrical apprentices and a skilled, experienced management team. It has built its reputation on designing and installing private electrical distribution networks and providing quality products to the holiday and mobile home park industry, with a small element of works in the marina marketplace.

Managing Director of Hawkins, Alex Farrow, who will continue to lead the business, said: “Our business has been built on a proud tradition of strong growth and ethics and we believe that joining the RSK Group will provide an excellent foundation to continue this ambitious trajectory. RSK offers considerable opportunities for expansion into new markets and being part of such a significant group is great for staff development and retention, which is very important to our entire team.”

RSK is a global leader in the delivery of sustainable solutions. It has a family of over 175 environmental, engineering and technical services businesses who work together to provide practical solutions to the challenges faced by society. They operate in most sectors of the economy, including many of those most critical to future global sustainability, such as water, energy, food and drink, infrastructure, urban development, mining and waste.

Alan Ryder, RSK Group Chief Executive Officer comments on the acquisition: “Hawkins Electrical has an enviable reputation of innovation and client service – one of its customers has had a relationship with the business for 52 years – and this close alignment with RSK’s ethos is why we are proud to welcome the company to our group. Hawkins has earned a reputation that is unrivalled in the industry, servicing both the small and large sites with national holiday park operators.”

Bishopsgate Corporate Finance were lead advisers to the shareholders:

Sam Holmes, Manager at Bishopsgate Corporate Finance said: “It was a privilege to advise the shareholders of Hawkins Electrical and we wish the management team all the best. The company is the market leader in the UK and the transaction will support the company’s next stage of growth. This is a great example of our ability to deliver successful outcomes for owners of specialist B2B service providers.”

Other sell side advisers included Sills & Betteridge (legals) and Duncan & Toplis (accounting and tax).

Bishopsgate Corporate Finance announces new manager, Darren Hagan

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We are pleased to announce that Darren Hagan has joined the growing team at M&A advisor Bishopsgate Corporate Finance. Darren is an ACA qualified accountant and brings with him substantial financial experience.

He joins from Grant Thornton where he has spent the past four years working with successful businesses, from smaller owner-managed businesses to large and complex enterprises based in Cambridgeshire and surrounding areas. He covered a variety of sectors and recent clients include well known British manufacturing brands and up and coming cyber security firms.

Morgan Atherton, Managing Partner comments:
“Darren’s skills in accounting, project and client management and his all-round business acumen are impressive and we are delighted to be welcoming him to the team. He joins at an exciting time for Bishopsgate Corporate Finance, having doubled the size of the team and about to close out a record year in terms of number of deals, total deal value and fee income. Darren’s experience and energy complements the team perfectly and will help us to maintain our growth trajectory and continue to ensure our clients receive high quality, expert advice and achieve outstanding outcomes.”

Darren Hagan comments:
“Bishopsgate Corporate Finance is renowned in the industry for providing specialist and tailored M&A advice to businesses and for delivering excellent results for shareholders. I am incredibly excited to be part of such a successful and experienced team and look forward to contributing to its continued success going forward.”

Bishopsgate Corporate Finance is a specialist corporate finance boutique founded in 1996 operating from offices in London and Stamford. Since its inception Bishopsgate has advised on over 200 deals with a combined value in excess of £2.5bn. Bishopsgate advises owner managers and entrepreneurs on Exits, Acquisitions, Management Buy-outs, Fundraisings and Private Equity Transactions combining significant international and sector specific expertise to deliver exceptional outcomes for its clients.

The Bishop comments on 2022 performance

By Insights No Comments

Bishopsgate’s continued investment in the team and focus on specific growth sectors has helped drive strong year to date deal flow. The prevalence of cross border and private equity transactions highlights the team’s expertise in delivering highly successful results for carefully selected clients in the mid-market:

£175m of deal value

7 transactions completed

85% sold to Private Equity or Private Equity backed businesses

26 years advising successful SMEs and owner managers

10 team members and growing

3 nominations at Insider 2022 East Midlands Dealmakers Awards

Bishopsgate are delighted to have been lead advisors to the Shareholder of Opals UK on the sale to the Private Equity backed OCU Group

By Deal Announcements No Comments

Opals provides telecommunications infrastructure services across all disciplines of digital communications networks, from its headquarters in Peterborough. The company particularly brings a wealth of specialist fibre experience to Private Equity backed OCU, helping to support Instalcom (an OCU Group subsidiary) as it develops and expands its fast-growing telecoms offering across the South and in particular the East of England.

About OCU Group:

OCU Group is an innovative service provider in the Utilities Industry; operating on a national scale.  The Company delivers a wide range of customer-focused business solutions throughout the UK and Ireland, working with a large blue-chip client base in all utility areas including; Power, Telecoms, Water, Oil & Gas, Rail and Directional Drilling.

On the 4th August 2022, OCU was acquired by Triton Partners, one of Europe’s leading investment firms.  Triton was founded in 1997, with a belief in engaging with boards, manager and employees to build better businesses, primarily in Northern Europe.

Instalcom is the Southern Delivery trading division within OCU and is a fast-growing organisation that prides itself on being innovative utility engineering experts that always provide an exceptional level of service for our clients and the millions of customers associated with them.

About Triton:

Since its establishment in 1997, Triton has sponsored ten funds, focusing on businesses in the industrial tech, services, consumer, and healthcare sectors. Triton invests in and supports the positive development of medium-sized businesses headquartered in Europe.

Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvement and growth.

The companies currently in Triton’s portfolio have combined sales of around EUR 18.1 billion and employ around 104,000 employees.

About Opals Group:

Opals started trading in 2012 and has grown within the industry to become an established and leading network infrastructure services company, offering an extensive range of complimentary services covering civil engineering, fibre optics and traffic management.

Working with network operators to design, build, maintain and repair full fibre network infrastructure, Opals’ customer base includes Upp, Netomnia and Openreach where they provide a total delivery solution from their East of England head-office in Peterborough.

Bishopsgate announces major investment in its dealmaking team.

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After a record-breaking year Bishopsgate Corporate Finance is delighted to announce the recruitment of Morgan Atherton as Managing Partner.

Morgan is an accomplished corporate finance professional and dealmaker, bringing over 25 years of international M&A and Private Equity experience to the Bishopsgate team. He began his career at Arthur Andersen before moving to NatWest Specialised Finance and then to KPMG in a senior position. He spent 10 years at KPMG working on a large number of international and private equity mandates, a selection of which are highlighted below:

  • Advised HBOS on the £44m MBO of Sunseeker, a £240m revenue luxury yacht manufacturer.
  • Advised LDC on the MBO of Vision Security Group, a £90m revenue guarding business.
  • Advised the owners of a digital insurance distribution business on its £30m sale to a US trade buyer.
  • Advised the shareholders (management and NBGI PE) on the £49m sale of Nationwide Autocentres to Phoenix Equity Partners.

After a successful career at KPMG, Morgan then moved in-house as CFO of Dimensions Clothing, the UK’s leading supplier of uniforms and workwear. During his time with Dimensions, he oversaw significant international growth and led numerous acquisitions and strategic projects, most recently the £50m MBO supported by LDC in 2019.

Simon Stephenson comments: “Morgan brings with him a wealth of knowledge and experience as both an advisor and also as a principal during his time at Dimensions. We believe this unique blend of experience will be invaluable to our clients, and he is a great addition to the team. We are excited about the opportunities that Morgan’s appointment will create as we look to build on significant growth achieved in recent years. Morgan has joined the team as Managing Partner which signals our intent to continue to grow and service our client base. He will be followed by two further appointments who will join the business in August and September taking the dealmaking team to 10. This investment in the team follows significant investment in both our technology infrastructure and our balance sheet to ensure we are well placed for the future to continue to provide premium advisory services to the UK’s business community.”

Morgan Atherton comments: “I am delighted and incredibly excited to be joining the Bishopsgate team during a transformational period of growth for the business. I have known Bishopsgate for many years and have been hugely impressed by its success and the achievements of the team. I am looking forward to applying my knowledge and experience to help both the team build on its strong foundations and, most importantly, our clients realise their strategic goals and ambitions.”

Bishopsgate Corporate Finance is a specialist corporate finance boutique founded in 1996 operating from offices in London and Stamford. Since its inception Bishopsgate has advised on over 200 deals with a combined value in excess of £1.5bn. Bishopsgate specialises in advising owner managers and entrepreneurs on Exits, Acquisitions, Management Buy-outs, Fundraisings and Private Equity Transactions combining significant international and sector specific expertise to deliver exceptional outcomes for its clients. Notable recent transactions include:

  • The sale of Bowman Stores to listed US business Americold for £74m
  • The cross-border sale of £9m turnover EDI software business Data Interchange to US based Epicor
  • The sale of £20m turnover gaming technology business Fanatical to TPG backed business Fandom Inc