Yorkshire accountancy firm completes £118m worth of deals

In the last 12 months, accountancy firm Garbutt + Elliott’s corporate finance team has increased its number of completed deals by 60%.

The practice’s York and Leeds-based teams completed deals, in a variety of business sectors rose from 20 in 2016 to 32 in 2017, with a combined deal value of £118m.

These included the sale of a 48% stake in financial service provider AFS Group to Aldermore Bank and the management buyout of TEV, a Brighouse-based manufacturer, by private equity fund manager YFM Equity Partners.

The corporate finance team provides advice on business sales, mergers and acquisitions, accessing growth finance through bank and private equity funding, management buyouts, flotations and business valuations.

Richard Feltham, Garbutt + Elliott partner and head of corporate finance, said: “We have built even further on our positive 2016 with strong results in 2017 and a significant increase in the number of deals we have advised on both within and outside the Yorkshire region.

“We are looking ahead to further expansion, which will include additional hires and the launch of new services for our clients.”

During 2017, the corporate finance team raised £30m of funding for clients, advising many businesses on ambitious expansion and growth plans.

Partner Tony Farmer added: “We already have a strong pipeline of interesting deals within the food, construction, digital and engineering sectors.

“We are determined to build on our success and further enhance the service we provide to our clients to help them achieve their goals and objectives.”

Working predominantly with growing and entrepreneurial owner-managed businesses based throughout Yorkshire, Garbutt + Elliott operates across a diverse range of sectors including retail, manufacturing, food, brewing, creative arts, digital media, property, construction, horseracing, charities and not-for-profit.

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