Bishopsgate

James McBain Allan of Stamford based M&A boutique, Bishopsgate, is awarded a prestigious dealmaking award

At the East Midlands Dealmakers Awards 2019, held on Thursday night in Nottingham, James received the Young Dealmaker of the Year award.  The event brings together the entire region’s M&A firms, banks, funders and private equity houses to celebrate the year’s major dealing making teams. 

James McBain Allan, who has recently been promoted to Partner at Bishopsgate Corporate Finance, was delighted to gain the award, and has led on several major deals this year, including vet group Linnaeus’ acquisition of rival Davies, the buyout of Virgin Experience Days, and BCF's investment in children’s holiday firm Barracudas.

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Bishopsgate completes a hat-trick of deals in April  

Whilst many people were enjoying the unseasonably good Easter weather, the Bishopsgate team were burning the midnight oil, completing 3 transactions in April.

The hat-trick included the following:

·      The Management Buy-out of Majestic Bingo;

·      The acquisition of Associated Reclaimed Oils by Newark based Enva Specialist Waste, formerly Oakwood Fuels;

·      The disposal of Guttridge Limited to the Singapore headquartered Mitchells Group

James McBain Allan, Partner at Bishopsgate Corporate Finance commented:

“It has been a fantastic start to the year for the Bishopsgate team, with three local deals demonstrating the quality of the Midlands as a hub for entrepreneurship. This follows on from the sale of Davies Veterinary to Linnaeus in February and is testament to the investment we have made at Bishopsgate and the hard work and tenacious attitude of the team. 

Despite difficult deal-making conditions with the Brexit overhang, we will continue to find creative, high value solutions for our clients and our business has shown tremendous growth in 2018/19.

We will not rest on our laurels and are continuing to look at ways of innovating, growing the team and adding to our market leading service offering. We are also in the final stages of securing a high-profile appointment of a leading dealmaker in the Midlands, who we will announce in the coming weeks”.

"Q1 deals subdued as Brexit talks drag on" says The Bishop

As the politicians continue to go round in circles with talks of a Brextension, the uncertainty is filtering into the M&A industry which relies on confidence and clarity. The Bishopsgate deal makers are working on a record number of mandates but this is against a backdrop of subdued dealmaking with many transactions “on ice” pending clarity from Parliament.

According to Experian, a total of 197 deals were completed in the Midlands in Q1 almost 18 per cent lower than 2018’s total for the period of 239 and the lowest level since 2014.

Manufacturing was the Midlands’ busiest industry, having featured in 63 deals – 32 per cent of all announced transactions, whilst the second busiest industry was professional services with 48 announced deals.

The percentage of deals funded by private equity increased marginally on the previous year with 14 per cent or 35 deals having been funded by PE.

Looking forward to the rest of the year, the Bishop expects a significant bounce in M&A activity as soon as the political fog clears.