Gambit Corporate Finance LLP, has had a busy period over the past two weeks, announcing 4 transactions across the UK with a cumulative deal value in excess of £60m.
Transactions included public, private and private equity parties consisting of cross-border subsidiary spin-offs, fundraisings and disposals, demonstrating extensive value-added service delivery and the team’s ability to deliver client results and complex transactions in an active market environment.
Securing funding for West-Sussex-based e-bike retailer The Rider Firm from Santander to facilitate growth plans.
Securing a multi-million pound commercial mortgage for Creo Medical Group Plc, a medical device company focused on the development and commercialization of minimally invasive electrosurgical devices, from Barclays for its Chepstow headquarters.
Multimillion-dollar sale of the Communications Compliance Practice business of US-headquartered legacy data management specialist TDS Global Holdings to Kerv, an LDC portfolio company. This acquisition will strengthen Kervo’s existing portfolio and capabilities in all aspects of compliance and increase Kervo’s turnover to over £60m.
Multi-million dollar sale of Cwmtillery Glass Centre, one of the UK’s largest independent insulated and tempered glass manufacturers.
These recent successes come on the back of Gambit also celebrating a major milestone in July, the firm’s 30th anniversary. This achievement marks the firm as the UK’s oldest independent corporate finance boutique, having handled deals in excess of £3bn since inception.
Geraint Rowe, Partner commented,
“We are delighted to deliver these transactions for our valued clients. The sale of TDS’s communications compliance practice and Cwmtillery Glass Center shows that high-quality assets continue to attract significant interest across sectors. Sellers are taking advantage of value realization in a resilient UK M&A market supported by the broad availability of cheap capital, growth-hungry private equity funds and an increasing desire to execute transactions while favorable market conditions and tax climates are present. ”
Jason Evans, Partner added,
“Recent interest rate hikes are not surprising, as high and persistent inflation is driving the BoE to tighten monetary policy, including larger and faster increases in benchmark interest rates and accelerated quantitative easing policies. However, despite macroeconomic conditions, demand for capital market transactions has remained for high-quality borrowers, and the impact on debt sustainability remains limited in the near to medium term. Funding is available for expansion with Barclays supporting Creo Medical with an expansion of its headquarters in Chepstow and The Rider Firm securing funding to support its growth plans.”
Frank Holmes, partner concluded,
“After a highly successful 30 years, the past two weeks have shown that we have not slowed down and that we are still focused on delivering client-oriented results. This comes on the back of a record year for Gambit in 2021 and expectations to surpass that in 2022, supported by favorable sector headwinds, our valued and exciting clients, strong project and growing team.”