Hat-trick of deals for corporate finance team

Our corporate finance team has made a strong start to 2021, completing three more corporate deals within the last few weeks.

The team has advised Preston-based electrical safety and testing company Lantei on its sale to British Engineering Services Group, The Angel Inn at Bowness-on-Windermere on its sale to The Inn Collection Group, and Tristone Healthcare on its acquisition of Wales-based care business ProCare (Wales) Ltd.

The deals come just a few weeks after our team revealed it had advised on deals with a value of over £200m in 2020 and anticipates significant deal activity in Q1 of 2021.

MHA Moore and Smalley’s head of corporate finance, Andrew Feeke, said:

“We’re delighted for our clients that we’ve been able to complete these significant transactions. It has been a hugely successful last 12-months for the MHA corporate finance team as we consolidate our position as the advisor of choice for the owner managed market.”

Ian Waddingham, our corporate finance senior manager, who led on the Lantei and The Angel Inn transactions, added:

“Lantei is an excellent business that has seen significant growth over a number of years and now has some high-profile, blue-chip clients on its books. Becoming part of a large national player like British Engineering Services Group, will put it on an even stronger footing for further growth.

“Meanwhile, we’re pleased to have assisted another longstanding client behind the success story of The Angel Inn at Bowness on its sale to The Inn Collection Group. As a well-managed, well-funded business with a portfolio of high-performing hospitality venues, customers of The Angel Inn can look forward to the same high standards to which they’ve become accustomed.”

The acquisition of ProCare, which employs 140 staff across two care homes and a community living service, is the second deal in the last six months for Tristone Healthcare. The investor’s strategy is to acquire high-quality businesses with strong fundamentals, delivering outstanding care and support to vulnerable people who need it most.

In recent weeks MHA Moore and Smalley has also overseen the sale of Cumbria-based AUK Investments to national petrol forecourt operator Motor Fuel Group, and the management buyout of logistics, transport, and shipping business LTS Global Solutions among others.