Deals double takes Convex to £500m
CORPORATE finance firm Convex has completed two more deals to round off a record year.
The firm, based in Castlefield, Manchester, specialises in helping entrepreneurs to sell their businesses. In the last two years it has overseen deals worth £501m.
The latest deals are the €40m sale of BigDug.com, the UK’s largest pure-play online retailer of shelving, racking and related products. Gloucester-based BigDug was Convex’s ninth e-commerce deal.
The 16-strong team has also led the sale of Rockshore to IT group CACI for an undisclosed sum. London and Leeds based Rockshore is a premium software provider of real-time information to the transport industry. This deal was Convex’s 10th in the last 12 months.
All of Convex’s deals were self-originated with buyers identitified and then educated by its analysts.
Managing partner, Neil Worsley said: “Since providing real focus to our 
proposition, originating our own clients and taking control our own international reach, success has followed.
“We’ve had the pleasure of working with some incredible entrepreneurs, who have been rewarded for putting their faith in Convex. Convex’s success has not come easy. We plan to continue to practise hard to improve our luck.”
In June Convex was acknowledged by its peers in the North West corporate finance community when its sale of Nicolites for £110m to tobacco giant Philip Morris was voted International Deal of the Year at The Rainmaker Awards.
