Celebrations at Tait Walker mark Corporate Finance Anniversary and deal milestone
Experts at one of the region’s leading accountancy practices are celebrating their Corporate Finance teams 15 year anniversary and the completion of over 250 successful deals for North East companies.
Tait Walker, which was established in 1937, is marking its Corporate Finance team’s fifteenth anniversary of providing invaluable corporate finance support and strategic advice to some of the region’s key businesses in sectors spanning the maritime industry, the gaming market, pharmaceuticals, IT and manufacturing.
Corporate Finance Partner Michael Smith, who joined the firm in 2000 to start the Corporate Finance division, said: “We’re both thrilled and honoured to have helped a considerable number of the region’s most innovative firms with deals over the last 15 years – many of which have gone on to really put the North East on the map.”
The Corporate Finance team has been awarded many accolades over the years in recognition of its unrivalled expertise and excellent customer relationships, including consistently being named Experians ‘most active financial advisors’ for the region and also being named ‘Team of the Year’ and ‘Dealmaker of the Year’ at the Insider Awards.
Over the years, deal highlights have included securing the backing of two international investors for Newcastle solicitors’ firm Winn Group, in 2013, in a deal worth £80m to allow it to roll out its services nationally and creating significant employment opportunities for the region. This was the first large scale private equity investment into the legal sector in the North East and Tait Walker’s largest deal to date.
Tait Walker also assisted with the sale of Blyth-based Tynetec to French company Legrand, for which it offered specialist input helping negotiate the value of the deal and managing the due diligence process through PwC Paris.
Other well-known local firms which Tait Walker have assisted over the years include, amongst others, Ashington-based Raytec CCTV, which is today trading worldwide; CAV Aerospace Limited, which also operates internationally with offices in the US, Mexico and Europe; and Ovington Boats – one of the world’s most successful small boat building businesses.
The department employs eight corporate finance specialists, including Steve Plaskitt who heads up the team with Michael. The team hopes to grow this number throughout 2015 across its offices in Tyne and Wear, Northumberland and Tees Valley.
Andrew Moorby, Managing Partner at Tait Walker, added: “We have built an unrivalled reputation for our Corporate Finance offering over the years. This hasn’t happened overnight and it’s testament the team’s hard work that we can celebrate where we are today.
“Our clients have been and remain at the very core of our business and it’s our aim to continue building on this ethos as we move into 2015 and beyond.”