On Wednesday 29th September, Nottingham’s Belfry hosted the glitzy Dealmakers Awards ceremony, where a host of companies located in the East Midlands celebrated their deal-making achievements throughout the past year. The event was compered by Mark Durden-Smith and sponsored by Fairstone Group, HSBC UK, Shawbrook Bank, and ThinCats.
Our plucky Corporate Finance division had more than one reason to celebrate, not only winning the ‘Deal of the Year (under £10m)’ award, but also being shortlisted for three other awards that took place over the course of the evening! How good is that?!
The Deal of the Year award recognised David Crump’s and John Farnsworth’s work in steering Fabrikat – the Sutton-based maker of lamp posts and railings with a £12m turnover – through their fourth MBO. Described as an ‘unusual deal’, it was backed by royalty financier, Duke Royalty, which elected to take on a minority stake in the business.
“We are delighted to have been recognised for our involvement in the deal. Fabrikat has become the leading independent designer and fabricator of lighting columns in the UK, and we are happy to have facilitated the transfer of ownership to the talented senior management team in order to retain that independent status. The Duke proposal emerged as the best deal for the sellers and the management team alike, and is the second deal we have structured that involves the innovative royalty-style funding offered by Duke.”
David Crump, Corporate Finance Director
Up-and-coming Corporate Finance Assistant Manager, Tom Joy, was shortlisted for the ‘Emerging Dealmaker of the Year’ award, whilst the entire Corporate Finance team was shortlisted for the ‘Advisory Team of the Year’ and ‘Deal of the Year (above £10m)’ awards. This no doubt demonstrates our continued success and impact as a company, in what has been a difficult year for many suffering the economic fallout of the pandemic.
Huge congratulations go out to all the other winners throughout the ceremony – what a fantastic evening celebrating our collective achievements!
Find out more about some of the deals from our Corporate Finance Division in their most recent Deal Dispatch.