| - |
|
Insider Dealmakers Awards 2008 Yorkshire
|
SSP take-private takes top prize
The £198.4m take-private of SSP was named Deal of the Year at the 2008 Insider Dealmakers Awards last night. US private equity house Hellman & Friedman took the insurance software provider off the AIM market in September in a deal funded by Barclays Commercial, Lloyds TSB Corporate and the Royal Bank of Scotland, with Deloitte, Hammonds and Addleshaw Goddard as advisers. It was the culmination of six years of remarkable growth for the Halifax firm, which included making six global acquisitions. The 190p per share price offered was double what investors had originally paid for the firm’s shares when it floated on AIM in 2006. More than 900 of Yorkshire’s top dealmakers came to celebrate a shortlist of deals worth more than £2.5bn at the event, held at Savile’s Hall at the Royal Armouries and compered by the BBC’s Bill Turnbull. These included the sale of Foodvest to Lion Capital, Tunstall’s £514m management buyout and the sale of Firth Rixson. Deal of the Year was sponsored by Gent Visick.
|
|
|
Dealmaker of the Year
|
Fundraising does it for Wilson
Garry Wilson was named Dealmaker of the Year for the second time in three years at last night’s event after a year in which Endless, the fund he co-founded, raised £164m for Endless fund II – the largest sum raised in the UK outside London. The new fund has already made five acquisitions. Although Speedframe, one company Endless backed, went into administration this year, Endless made a successful exit from Neville Johnson, which Wilson says should help dispel any claims that Endless has yet to prove itself by selling a business on. And the acquisition of Cosalt’s holiday homes has shown the Speedframe debacle has not put Endless off high-profile deals. Colin Stirling, from newly re-christened Spirit Capital, David Forbes from N M Rothschild and Martin Jenkins from Deloitte were also in the running for the award, sponsored by Bank of Ireland. Wilson dedicated the prize to Phil Tate, his late colleague who was killed in a snowboarding accident earlier this year.
|
|
Roger Powell Lifetime Achievement Award
|
Honour for KPMG’s Legg
Alison Legg, who retired this year as a partner in the transaction services department in KPMG’s Leeds office, was this year’s recipient of the Roger Powell Lifetime Achievement Award, in association with the Royal Bank of Scotland. Legg was rewarded for her work in establishing her team’s position at the heart of Yorkshire dealmaking. Her due diligence has been brought to bear on a range of top Yorkshire deals in recent years, and she trained many of today’s younger dealmakers.
|
|
The team awards
|
Corporate Finance Advisory Team of the Year
Winner Deloitte
This year Deloitte’s team has advised on 14 deals worth £600m including SSP, Endless’ acquisition of Cosalt Holiday Homes, and Zenith's acquisition of Provecta.
Shortlist Deloitte, Garbutt & Elliott, KPMG, N M Rothschild
Sponsor Fox Lloyd Jones
Law Firm of the Year
Winner Eversheds
In its first full year in new headquarters at Bridgewater Place the Eversheds team advised on 85 deals including Spice’s move to the main market and the ESS Steels buyout.
Shortlist Addleshaw Goddard, Cobbetts, DLA Piper, Eversheds, Hammonds, Pinsent Masons
Sponsor Lloyds TSB Acquisition Finance
Corporate Bank of the Year
Winner Lloyds TSB Corporate Markets
Lloyds ended Royal Bank of Scotland’s long run after a year in which it was involved in a string of key deals including the Firth Rixson buyout, Spirit Capital’s acquisition of FMG Support, and club deals on the SSP deal and CPP’s refinancing. It was also lead arranger on Foodvest’s sale to Lion Capital.
Shortlist Barclays Commercial, Lloyds TSB Corporate Markets, Royal Bank of Scotland, Yorkshire Bank
Sponsor Clarion Solicitors
Private Equity House of the Year
Winner Endless
With £164m fundraising completed, and successful exits from Neville Johnson in the bag, Endless edged ahead of strong competition.
Shortlist Endless, ISIS, LDC, Spirit Capital
Sponsor Whitehead Mann
Asset-based Lender of the Year
Winner Barclays Commercial Finance
Asset and sales finance is one of the fastest-growing areas of Barclays Commercial, and deals the team completed this year ranged from a £400,000 buy-in management buyout to a £6m refinancing.
Shortlist Barclays Commercial Finance, Davenham, GE Commercial Finance, GMAC, Lloyds TSB Commercial Finance
Sponsor Mazars
Mid-market Advisory Firm of the Year
Winner Park Place Corporate Finance
3i’s £175m investment in Ultralase, bringing the Leeds laser eye surgery business back under Yorkshire control, was just one of the deals Park Place was lead adviser on this year.
Shortlist BTG McInnes Corporate Finance, Garbutt & Elliott, Grant Thornton, Park Place Corporate Finance
Sponsor Sharp Consultancy
|
|
The individual awards
|
Corporate Finance Adviser of the Year
Winner Martin Jenkins, Deloitte
Jenkins returned again to win this award after advising on six deals worth more than £500m including Hillfoot Steel’s sale and Zenith’s acquisition of Provecta.
Shortlist Patrick Abel, PKF; Darren Bryant, PricewaterhouseCoopers; David Forbes, N M Rothschild; Martin Jenkins, Deloitte; Ian Marwood, Grant Thornton; Rod Wilkinson, KPMG
Sponsor KBC Business Capital
Corporate Lawyer of the Year
Winner Yunus Seedat, Addleshaw Goddard
A past winner several times, Seedat’s work this year included advising 3i on the buyout of Uponor UK and Endless on its acquisition of Cosalt Holiday Homes.
Shortlist Keith Froud, Eversheds; Debbie Jackson, Walker Morris; Jonathan Jones, Hammonds; Yunus Seedat, Addleshaw Goddard
Sponsor Invest in Bradford
Corporate Banker of the Year
Winner Dave Harris, Royal Bank of Scotland
Harris now leads RBS’ corporate structured finance team, and this year worked on the SSP buyout, Zenith’s acquisition of Provecta and the CPP refinancing. He is celebrating ten years in Yorkshire this year.
Shorlist Norman Davidson, HSBC; Andy Foster, Lloyds TSB Corporate Markets; Dave Harris, Royal Bank of Scotland; Mike Selina, Yorkshire Bank
Sponsor Calvert & Fletcher
Private Equity Provider of the Year
Winner Colin Stirling, Spirit Capital
Stirling can now say he has the weight of experience behind him when advising clients as he took his own team at what was Aberdeen Asset Managers through a management buyout this year to form Spirit Capital. The team also invested in FMG Support.
Shortlist Darren Forshaw, Endless; Tim Smallbone, Inflexion; Colin Stirling, Spirit Capital; John Swarbrick, LDC; Garry Wilson, Endless
Sponsor Kleinwort Benson
Asset-based Financier of the Year
Winner David Culpan, GMAC
Culpan’s work this year has been truly international, funding deals involving 23 countries stretching as far as China and Mexico.
Shortlist David Culpan, GMAC; Andy Redman, Barclays Commercial Finance; Peter Scaife, Lloyds TSB Commercial Finance; Andrew Ward, GE Commercial Finance
Sponsor Rapport Events
Young Dealmaker of the Year
Winner Giles Taylor, KPMG
Taylor was promoted to director in KPMG’s corporate finance team this year. He has a strong track record in the housebuilding and building materials sector having advised Shepherd Building Group, Henry Boot, Wilson Bowden and Gladedale.
Shortlist James Barraclough, BDO Stoy Hayward; Chris Clegg, Endless; Paul Roberts, Deloitte; Giles Taylor, KPMG
Sponsor Eurofactor
|
|
|
Contact Us
Insider Weekly
Suite D5
Josephs Well
Hanover Walk
Leeds
LS3 1AB
Telephone: +44 (0)113 220 4410
Email:
insider@insiderweekly.co.uk
|
|
Subscribe
To subscribe to the eBulletin,
click here
|
|
-
|
