Firms are looking to invest and expand, according to a Norwich accountancy firm which has itself branched out and taken on new staff. M+A Partners, in a joint venture with business adviser Moore Stephens, launched M+A Corporate Finance last year.
It says it has worked on deals ranging in value from £250,000 to £50m and has now taken on a second member of staff. Director Christian Schosland said: “Whilst it has been a difficult period for corporate finance businesses generally, we have nevertheless managed to complete nine transactions, including the sale of Ipswich-based PetroTechnik to US buyer Franklin Fuelling Systems, and the acquisition of Norwich-based engineer Arthur Birchall Coatings.
“We have also helped two local businesses, Reeds of Downham Market and Norfolk Premier Golf, with bank fund raisings, which shows that banks in this region are lending again, providing you present a well-thought-out business case for doing so.”
He said there were also a number of financial institutions willing to help bridge the funding gap between bank debt and private equity for the likes of management buyouts, acquisitions or capital investment.
The firm, based in The Close, Norwich, has also recruited Chris Sheasby from private equity firm Key Capital Partners, where he spent three years investing in local small and medium-sized businesses.
Mr Schosland and Mr Sheasby previously worked together in the corporate finance department of Deloitte.
Mr Sheasby said: “The corporate finance market has been somewhat anaemic of late, but the future is brighter. “We are increasingly seeing companies with compelling investment cases.”
“We have also helped two local businesses, Reeds of Downham Market and Norfolk Premier Golf, with bank fund raisings, which shows that banks in this region are lending again, providing you present a well-thought-out business case for doing so.”
He said there were also a number of financial institutions willing to help bridge the funding gap between bank debt and private equity for the likes of management buyouts, acquisitions or capital investment.
The firm, based in The Close, Norwich, has also recruited Chris Sheasby from private equity firm Key Capital Partners, where he spent three years investing in local small and medium-sized businesses.
Mr Schosland and Mr Sheasby previously worked together in the corporate finance department of Deloitte.
Mr Sheasby said: “The corporate finance market has been somewhat anaemic of late, but the future is brighter. “We are increasingly seeing companies with compelling investment cases.”
