Ryecroft Glenton Corporate Finance (RGCF) has delivered its most successful year to date based on the number and size of transactions the firm has advised on.
In 2017 the mid-market corporate finance advisory practice, which is part of Newcastle-based advisory firm, Ryecroft Glenton, advised on two dozen transactions.
The majority of the transactions the firm has advised on during 2017 involved strategic buyers from both the UK and overseas, including countries such as Japan and Ireland, along with a number of Private Equity investors.
Looking forward to 2018, RGCF is sporting a strong pipeline of transactions, which will enable the firm to continue to support privately-owned and listed businesses looking to develop their existing operations via strategic acquisitions, whilst also advising on regional, national and international disposal mandates, including MBOs.
During the past twelve months RGCF has advised on a number of cross-border transactions, which recently included the sale of 75% of one of the UK’s largest industrial recruitment businesses, gap personnel, to Japanese-listed Trust Tech Inc, for £20.1m.
RGCF is continuing to focus on growing its international reach and its current clients include companies located in Australia and Japan.
The firm has advised on a number of MBOs during the year including the acquisition of technology company, DP Connect Ltd by its incumbent MD, Aidan Anglin, as well as advising on the sale of specialist driving recruitment business, Driving Force to its management team.
RGCF predicts the MBO trend will continue as entrepreneurial management teams have the opportunity to access a growing suite of funding options from both high street and challenger banks, as well as asset-based lenders.
2018 will also mark a significant milestone for RGCF as it benefits from the upcoming rebrand of Ryecroft Glenton, along with the continued development of its OutsourcedFD services, which will enable the firm to present its advisory services and expertise to a larger, regional, national and international client base.
Carl Swansbury, partner at Ryecroft Glenton Corporate Finance said: “This has been a landmark year for Ryecroft Glenton Corporate Finance as we continue to build a strong, national, mid-market CF practice.
“Although we are not the largest corporate finance house in the market, based on head count, we have advised on a large number of high value transactions across a range of sectors during 2017 that has enabled us to establish a strong reputation in the North East and, increasingly, nationally and internationally.
“Despite the uncertainty in the economy surrounding Brexit, there remains a positive interest in UK companies from overseas trade buyers and PE investors. This may be influenced by the lower value of sterling, however, it is also down to the attractiveness of fast-growth, ambitious UK businesses that offer valuable investment opportunities.”
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