Corbett Keeling hosts record 47 people at dinner themed on buying, selling and raising money for businesses
Corbett Keeling hosted a record 47 people at our annual dinner, themed on buying, selling and raising money for businesses. Our three speakers provided our guests with informative and entertaining insights into the climate for mergers and acquisitions:
Tim Farazmand, Former Chairman of the British Venture Capital & Private Equity Association and Managing Director of leading private equity investor LDC, commented that the general climate was very positive and that BVCA members have £33bn to invest. He talked of the PPPE which make businesses attractive:
- P – People: “exceptional management”
- P – Products: what are you “famous for”
- P – Projections: “profit, cash, robustness”
- E – Exit: “needs to be understood”
Michael Moritz, President of Globalscope, the international mergers & acquistions network, and head of our German partner firm CatCap told guests that M&A activity in Germany is at its second peak since 1991 and the UK is the first choice destination for German money after Germany. He offered some interesting insights into European politics:
- The Euro: Germany paying for Greece but winning on cheap exports
- Immigration: Little support for open door policy within Germany
- Terrorism: Success requires a joint solution, working together
- Brexit: Doubts whether many reforms will be won so business people need to help make the case to keep the UK in
Matt Dixon, Corporate Finance Director of Corbett Keeling and Lead Editor of our and Globalscopes’ regular updates on Global and UK transaction trends summarised forecasts for lower-mid market businesses as follows:
- Chinese downturn: 90% of those surveyed think this will have no impact on the lower-mid market
- EU immigration: 60% think there will be no negative impact, 30% think it will have a positive impact on business
- Deal activity: 70% think deal activity will increase and the remaining 30% think it will stay at already high levels
- Overall: 96% of responses indicate a neutral or positive outlook for the next 12 months!
Freddie de Lisle appointed as Head of Financial Services
Corbett Keeling is delighted to announce the appointment of Freddie de Lisle as Head of Financial Services.
Freddie offers both strategic corporate development advice to insurance companies and specialist sector knowledge as part of Corbett Keeling’s transaction team. Freddie operates throughout Europe and has particular experience working on wider group strategy and within acquisition search. His clients over the years have included Willis, Ellis Clowes, Tysers, Miller, Marsh & McLennan and Bestinvest.
Through Freddie’s 30 years’ experience in the industry, clients gain a personalised, discreet and invaluable input at critical times.”
Newsletter for directors of owner-managed, family and private equity backed businesses
Corbett Keeling is delighted to announce the publication of UK Private Company Director, the newsletter for directors of owner-managed, family and private equity backed business.
Contributors include Kleinwort Benson, which has over 200 years’ experience of private banking and wealth management, Hogan Lovells, one of the top ten global legal services firms, and Corbett Keeling, specialist advisers on raising capital and selling businesses. In this issue, they cover the following topics:
- Despite the weakness in global financial markets, deal making activity in the private equity world maintained its strong momentum from the second quarter, with all segments of the market recording a healthy level of transaction values
- Selling a privately owned business is often seen as an end in itself and a time to switch off, but some clear-headed financial planning during a sale can lead to significant rewards – not just financially – over the longer term
- The field of corporate law has seen a number of important new developments during 2015 – we provide an overview of some rulings and legislation which may have significant implications for private company directors
Inaugural Corbett Keeling Newsletter
Corbett Keeling is delighted to announce the inaugural edition of our new Newsletter which reports on historic and forecast UK M&A activity and the firm’s latest annual conference.
Global business valuations steady at record highs – Globalscope report analyses regional and sector trends
Corbett Keeling is delighted to announce the latest edition of the Globalscope Newsletter, providing global market intelligence on:
- Global business valuation trends
- Sector specific commentary on Consumer, Financial Services, Life Sciences, Industrials, Services and TMT
Two new team members
Corbett Keeling welcomes two new members to its core transaction advisory team:
Harry Knight – Harry joins as a Manager. A qualified Chartered Accountant, Harry spent three years in EY’s M&A tax department, where he worked on a number of buy-side, sell-side and IPO transactions. His clients included large listed businesses and medium sized private companies across a variety of sectors. While all our core team are generalists and work on transactions in any and every sector, Harry will be responsible for coordinating our marketing efforts with Andrew Dean in the healthcare sector.
Freddie Hilton – also a qualified Chartered Accountant, Freddie has joined CK as a Senior Analyst. He trained with PricewaterhouseCoopers in their Jersey office where his clients included Aviva, State Street and Centamin. Prior to that, he worked at Bedell Group, an offshore law and independent trust company, where he was responsible for administering Evans Randall, a private equity group specialising in real estate. Freddie will work specifically with Freddie de Lisle on marketing to clients in the insurance sector but, like Harry, will work on transactions in all sectors
Corbett Keeling celebrates a strong performance
Corbett Keeling celebrates a strong performance in the year just finished and plans for the year ahead at its annual meeting with its sector specialists at the Hurlingham Club, West London.
Mergers and acquisitions activity increases
Corbett Keeling publishes its inaugural edition of UK Private Company Director, a new quarterly newsletter for directors of owner-managed, family and private equity backed businesses. This new publication incorporates UK M&A Watch, Corbett Keeling’s quarterly report on deal activity in the private equity markets.
This issue looks at some of the key topics currently affecting privately backed businesses including:
- Deal making activity, which has picked up after showing some signs of slowing in the first quarter of the year
- Family wealth – setting the ground rules
- Private companies and the Takeover Code
UK Private Company Director – Q2 2015
Sale of leading specialist distributor of ingredients into the Nutritional and Chemical life science sectors
Corbett Keeling announces that LEHVOSS UK Limited, the UK subsidiary of Germany-based Lehmann&VossCo, has acquired Gee Lawson Holdings Limited from its shareholders whom Corbett Keeling advised.
Gee Lawson, founded in 1936 and employing 34 with its head office in London, is a leading specialist distributor of ingredients into the Nutritional and Chemical life science sectors across Europe and the US.
The team at Corbett Keeling, led by Jim Keeling, advised Gee Lawson’s shareholders on the sale.
Jonathan Shorts, former owner of Gee Lawson, said “We saw in LEHVOSS UK a company with many of the key attributes we see in ourselves and it became an easy decision to sell to them. We were delighted with the advice and assistance we obtained from the Corbett Keeling team throughout the process in order to reach that point.”
CK Press Release – Gee Lawson August 2015
Rami Ranger MBE, Chairman of Sun Mark, crowned winner of the Corbett Keeling ‘Lifetime Achievement’ award.
At the Red Ribbon Awards on Friday 10 July 2015, Jim Keeling was delighted to announce Rami Ranger, MBE, Chairman of Sun Mark, winner of the Corbett Keeling “Lifetime Achievement Award”.
Presenting the award to Reena Ranger-Ahuya, who stood in for her father when he had to go abroad at the last moment for family reasons, Jim commented:
” This is an award that recognizes the hard work, creativity, determination and willingness to take risks which go into building a successful family business. It is my great pleasure this evening to be part of the Red Ribbon Awards celebrating your successes.”
The judges commented “As a young man, Rami came to England speaking no English, yet has risen to become one of the most inspiring and respected business leaders the UK has ever seen. Not only did he see opportunities that other people missed, he worked harder than other people were willing to and fought hard for his place in British business society. On top of this, he has gone on to become a political reformist, a generous philanthropist and someone who is passionate that everyone in life, no matter their race or background, should have a chance to make a contribution. Add to this his decoration from Buckingham Palace and an unprecedented five Queen’s Awards for Enterprise and it’s not hard to see why Rami Ranger deserves to win the ‘Lifetime Achievement’ award.”