Stellar fortnight as corporate finance firm completes hat-trick of deals
Deloitte Midlands’ East Midlands partner David Jones, along with the firm’s head of corporate finance in the Midlands, has completed a hat-trick of major deals in just two weeks.
The deals completed by Jones and Darren Boocock include the sale of one of the UK’s oldest and best-known diversified farming businesses, Strutt & Parker, to Robigus and the sale of Euston Biogas and S&P Biogas to Foresight Group for undisclosed sums.
A third deal involving the sale of Coventry-based Norman Hay’s operating divisions to NYSE-listed global chemicals conglomerate Quaker Houghton Chemical Corporation for £80 million capped off a stellar fortnight for Deloitte Midlands’ corporate financial advisory team.
Despite the current climate of geo-political uncertainty, the company believes there is still an appetite for investment in UK businesses from both overseas and domestic investors.
Jones said: “The sale of Strutt & Parker is a huge vote of confidence for British agriculture and farming. When the business was first marketed last year there was global interest, not just because of its reputation and heritage, but also because investors see the long-term merits of investing in UK property backed assets.
“It not only realised its potential, but secured investors who will respect its heritage and culture – a fantastic outcome for both the buyer and seller.”
Boocock added: “The UK deal market continues to thrive and the sale of Strutt & Parker in particular proves that with the right marketing, UK businesses will continue to realise their true potential in an ever-changing political and economic landscape.”
