January 2, 2019
Over the past 12 months, Newcastle-based UNW’s corporate finance team has completed several high-profile transactions that included a number of finance raises, re-financings and company disposals.
The transactions have catered for clients in a wide range of sectors, including healthcare, manufacturing, technology and digital.
Early 2018 saw the team advise Reading-based drone technology company Altitude Angel on its £3.4 million Series A funding round with Seraphim Capital, ADV and Frequentis AG. Meanwhile, in the autumn, a £2.1 million venture capital funding deal and £0.5 million worth of growth capital funding were secured for North East tech-enabled firms Boiler Plan UK and Troocost, respectively.
In a strong year for mergers and acquisitions generally, UNW acted on several cross-border disposals, with highlights including the sale of manufacturing firm International Syalons to German firm Calsitherm Group, digital agency TH_NK to EPAM in the United States and Hydram Engineering to Dynamic Aerospace and Defense which is also based in the States.
Closer to home, the team advised on Vocare’s sale to AIM-listed Totally plc, private dental group Morrison Shenfine on its sale to BUPA, Lawson Fuses throughout its disposal to Lucy Group and Sunderland-based John Hogg Funeral Directors on its sale to Funeral Partners, a leading UK network of funeral directors.
John Healey, corporate finance partner at UNW, reflects: “Our corporate finance team is one of the largest in the North East and growing all the time. This is reflected in a year that has been our most successful in terms of the variety and volume of deals completed.
“Our collective skills in navigating successful acquisition, fundraising and disposal processes have helped our clients to conclude transactions with businesses and funders around the world. With
a strong pipeline coming through for 2019, we’re hoping that this year will be even more successful than last.”
Speaking of the UNW support during his firm’s successful multi-million-pound fundraising application, Altitude Angel CEO Richard Parker says: “In UNW, we found a real trusted advisor. Their expertise in both domain and industry really helped us navigate a somewhat daunting and complex process to ultimate success. We felt John Healey and his team became an extended part of our team and would not hesitate in recommending them to assist with a fund-raise for others.”