M&A advisory firm changes hands in MBO
Corporate finance advisory firm Bishopgate Corporate Finance has changed hands in a management buyout.
Partners Morgan Atherton, James McBain Allan and Edward Wesson have bought the Stamford firm from Simon Stephenson and Tom Spencer.
Stephenson and Spencer will now focus on their private equity portfolio.
A statement from Bishopgate said: “The Bishopsgate team is incredibly excited by this development and looks forward to continued growth as a market leading, independent boutique M&A advisory business.
“It is a particularly exciting time for Bishopsgate as we expand and invest in the team, advise high calibre clients on quality transactions and provide exceptional client service.
“We’re all extremely enthused by the strong pipeline of mandates and opportunities ahead of us.”
Since it was set up 28 years ago, Bishopsgate has advised on over 225 deals with a combined value in excess of £2.75bn. Last year it placed 29th place in the Sunday Times 100 for Britain’s fastest growing private companies.
Stephenson said: “Congratulations to the team at Bishopsgate on their management buyout. This will allow Tom Spencer and I to devote 100% of our time to growing our private equity portfolio, which includes BikePark Wales, Barracudas Activity Day Camps, Central Joinery Group, CF Group and Hydromarque .
I wish the team well in the next stage of their growth story.”