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Top Story
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Insider South Yorkshire Dealmakers awards shortlist unveiled
Two notable cross-border transactions and the rescue of a major Sheffield office supplies business lead the roll of honour ahead of next month’s Insider South Yorkshire Dealmakers awards. Unveiling the awards shortlist today, our deal of the year category sees the sale of Hallam Beauty by GRI to Mibelle AG Cosmetics shortlisted alongside the acquisition by Indian engineering conglomerate Hindustan Dorr Oliver (HDO) of Sheffield’s Davy Markham. The sale of Davy Markham marked a notable exit for Endless who also backed our third shortlisted deal, the rescue of office supplies group Vasanta. In our mid-market deal category, our shortlist includes Bridges Ventures’ investment in Babington Business College; the disposal of Al-Met to Pressure Technologies by ABS Industrial Resources; and the management buyout of quantity surveyor Armson Darwent Shaw. Strategic Corporate Finance, BHP, Hart Shaw and PKF are among those who feature prominently in the shortlist for our corporate finance categories, while in the legal world Nabarro, DLA Piper, Keeble Hawson, Irwin Mitchell and Halliwells caught the eye. As well as crowning our dealmaker of the year, we will also be naming the top dealmaking firm at our dinner at St Paul’s Mercure hotel on 24 June. For the full shortlist please click here. A few sponsorship opportunities are still available for the dinner - please contact Francesca Staffa for further details.
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Deals
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Fundraising for Fusion IP business
Mesuro, the Cardiff RF testing company which is majority owned by Sheffield’s Fusion IP, has raised £350,000 to support US sales activity. Fusion provided £141,000, taking its stake in the business to 45.6 per cent, while Finance Wales and the ERA Foundation provided £124,000 and £85,000 respectively. David Baynes, CEO of Fusion, said: “This funding will help the company move towards breakeven, with the first US sales expected before the end of the year.”
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Business
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“Cautious welcome” for Tories, says Forum
The Forum of Private Business has given a “cautious welcome” to David Cameron, Britain’s new prime minister. Hoping that Cameron’s appointment and his stated intention to form a coalition government with the Liberal Democrats will enable a “stable and functional administration”, the Forum’s chief executive Phil Orford said: “Smaller firms urgently need some degree of certainty so they can begin to plan for the future. Hopefully, Mr Cameron’s appointment will herald the beginning of a workable government which will ensure economic stability and give smaller firms the confidence to aspire and grow.”
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Palin backs Sheffield for City of Culture 2013
Michael Palin has backed Sheffield’s bid to become the first ever UK City of Culture in 2013. Born and raised in the city, Palin praised Sheffield’s “independent spirit”, which he believes shaped his “fresh and unconventional outlook on life”. The world-famous comedian, actor, writer and television presenter said: “Sheffield has changed a lot in my lifetime. But the spirit that makes Sheffielders so distinctive has enabled them to deal with the change from Steel City to a much more creative city of the future.” Sheffield is on the shortlist to become UK City of Culture in 2013 along with Derry, Birmingham and Norwich. The winner will be announced in early July.
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New jobs initiative launched
Work-wise, a new initiative aimed at helping young people access job opportunities in manufacturing and engineering, has been launched in Sheffield with backing from a group of leading companies and support from Business & Education, South Yorkshire. The programme requires a three-year commitment from employers to work with students so they can experience and prepare for jobs in manufacturing and engineering. Companies which have backed the initiative include Davy Markham, Newburgh Engineering, Sheffield Forgemasters, AESSEAL and Firth Rixson.
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Sheffield kicks off World Cup bid
The team behind Sheffield’s bid to become an official World Cup 2018 host city this week travelled to Wembley to help England’s bid delegation dispatch the country’s 1,700-page application to FIFA’s headquarters in Zurich. Wayne Coyle, the director of Sheffield’s application to become an official host city, said: “Sheffield has a fantastic reputation for hosting many international sporting events every year, but we need to prove our worth to England to make sure we secure our place as an official host city. To do this everyone in the region needs to get behind the Sheffield 2018/2022 bid.”
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Property
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To submit your property to Commercial Property Finder click here
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Tenders invited for Rotherham College of Arts and Technology project
Rotherham College of Arts and Technology has this week invited tenders for its £5.7m town centre campus redevelopment. Design proposals by Bond Bryan Architects and the College Design team have been completed and incorporate student accommodation, social spaces, student services and general purpose teaching facilities. Work is expected to commence in September/October 2010 and the Manchester office of building consultancy GVA Grimley is overseeing the tender process.
Home › Coopy › Articles › Tenders invited for Rotherham College of Arts and Technology project
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Keeble Hawson relocates its Doncaster office
Yorkshire law firm Keeble Hawson has relocated its Doncaster office to 14 Princes Street. The firm, which employs more than 90 lawyers and has offices in Sheffield and Leeds, was previously based on Doncaster’s South Parade after merging with Doncaster law firm Frank Allen Pennington in 2007. Keeble Hawson will be the first occupier of the new office building at 14 Princes Street, taking occupation of the second, third and fourth floors. The firm offers advice for businesses and individuals across legal sectors including corporate and business services, commercial litigation, insolvency, private client and family law.
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People
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Asda supremo named
Walmart, the American retail giant, has appointed Andy Clarke as president and chief executive of Asda. An internal appointment, Clarke, who will take up his role immediately, was named as the Yorkshire supermarket’s chief operating officer in 2007. Clarke, who as a 17-year-old started his career stacking shelves at the supermarket, said his appointment was a "humbling experience". Outgoing president and chief executive Andy Bond, who will now take up his new role as chairman of Asda’s Executive Committee, said: “He was clearly the right choice from the internal and external candidates we considered. I’m looking forward to doing everything I can to ensure a smooth transition for Andy in his new role.”
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Office Address: Insider Weekly, Omnia One, Queen Street, Sheffield,
S1 2DG
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