Midlands office helps Yorkshire Bank top charts
The Midlands office of Clydesdale & Yorkshire Bank Corporate and Structured Finance has helped the bank reach number three in the UK in terms of the number of corporate refinancing deals it supports.
According to Corpfin, a subsidiary of Nottingham-based Experian, the bank clinched the number four spot for the number of M&A deals.
Key deals for the Midlands-based team include the management buyout (MBO) of Synseal Extrusions backed by HIG Europe and the secondary re-financing of online travel retailer Traveljigsaw (prior to its recent sale). The refinancing of GSH, an energy and facility management solutions business based in Stoke on Trent, was also advised by the bank.
The Corpfin figures show that in terms of refinancings, in the first half of the year CYB Corporate & Structured Finance came in third position by volume after Lloyds and RBS, supporting 15 deals worth £727m. This compares to 2009 when it came in sixth position, supporting 13 refinancing deals worth £457.
In terms of M&A deals, in the first six months of the year CYB Corporate & Structured Finance was in fourth position by volume, after Lloyds, RBS and HSBC. It supported seven deals worth £58m during the period. In 2009 it was in joint third place, having backed 15 deals worth £312m.
