Dealmakers announce post-Brexit transactions
The corporate finance team at Castle Donington-based PKF Cooper Parry has reported a busy and last quarter, during which it completed four deals – three of which were made post-Brexit.
Earlier in the summer, the team advised the shareholders of Tier 1 aerospace supplier North West Precision on the sale to US Private Equity firm Cartesian Capital backed Arlington Industries Group.
Other recent deal highlights include acting for the shareholders on the sale of Nottingham-based training provider Mind Click to Carlyle Cardinal backed Learning Pool and the sale of established East Midlands based pharmacy chain KM Brennan to PCT Healthcare. Last month the team also acted as lead advisers on a private equity sponsored growth capital deal in the recycling sector.
The corporate finance team has recently boosted the senior team with the appointment of experienced dealmaker Phil Hinson, who joins the firm as a director, having previously worked for PwC and Sovereign Capital.
Ben Rookes, corporate finance director, said: “Despite the uncertainty and turmoil surrounding Brexit, we are seeing no slow-down in activity and are continuing to get deals over the line.
“Many private equity firms are keen to deploy capital and invest through the cycle and we are also noticing increased activity from overseas purchasers, particularly US trade, who are interested in good quality UK assets and are keen to take advantage of the weak pound post-Brexit.
“We expect to complete a number of deals with overseas trade and PE in the next few months and will continue to invest in our team in order to meet the demands of our client and support our continued growth,” added Rookes.
M-EC’s transport team
Law firm, Howes Percival, has appointed Chris May as planning partner and head of the firm’s Leicester planning team.
In this newly-created role, May will be responsible for further developing and growing Howes Percival’s planning law offering in Leicester and the East Midlands. He was previously legal director at Marrons Shakespeare, the legal planning team of Shakespeare Martineau.
Paul Wootton, partner and head of planning at Howes Percival, said: “The commercial property sector is a core market for Howes Percival and central to the firm’s strategy going forward. As a team we have a national reputation for our work with developers, landowners and local authorities, so I’m delighted to welcome Chris to the firm and excited to be expanding our planning capability in Leicester where we believe there is huge potential.”
