Winner Deal of the Year
Rickitt Mitchell won Deal of the Year (sub £10m) at last night’s Insider Dealmakers Awards dinner. The award was presented to Brian Higgins and Kaine Smith who advised Better Capital on their disposal of Calyx Managed Services to MXC Capital.
The deal was completed within 16 weeks of project commencement and Rickitt Mitchell successfully negotiated at 80% price uplift from stage 1 offers. The £9m value achieved represented a 22.5% EBITDA multiple.
“Brian and Kaine provided instrumental advice throughout the sale process and delivered a result above that expected. Their pragmatic advice was well received by both myself and the management team and they were a pleasure to work with. On behalf of Better Capital and Calyx teams, thank you both.”
Ben Newton | Better Capital
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