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multi million pound deals

Corporate finance firm celebrates 40th year with string of multi-million pound deals

Manchester-based corporate finance advisory firm Rickitt Mitchell has completed its 40th year on a high after delivering a number of high profile transactions.

The company delivered deals with an average transaction value of £30m over the year.

Key transactions included the £80m IPO of Van Elle Holdings plc on the AIM market, which saw the UK’s largest independent geotechnical engineering contractor raise £40m of funds.

Rickitt Mitchell has been retained as the company’s adviser for acquisitive growth.

Another deal was the €133m acquisition of Fox-IT, a European cyber security business focussing on security analysis and threat intelligence, by Manchester-based NCC Group.

The acquisition allows NCC to take a further substantial step towards becoming the leading player in the expanding global cyber security market.

Rickitt Mitchell also spearheaded £30m family buy-out and fundraise for an undisclosed Manchester-based manufacturer with a retail offering.

Meanwhile, it raised funds from global giants of the oil and gas industry, Schlumberger, ConocoPhillips and BP, for a downhole oil tool company which is bringing a game-changing technology to the market.

Stuart Moss, managing partner, said: “2016 was a landmark year as it was our 40th anniversary since formation when we became the first independent lead corporate finance advisory outside of London.

“For 2016 to be one of our most successful years, despite the uncertainties in the economy, is a great reflection on our team and the UK market. We are experiencing a positive start to 2017 which we hope will be even more successful than 2016 and we aim to take on new clients that value our partner-delivered approach to achieving the best outcomes for their business.”

— The Business Desk

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02.02.17