Real deal for Lindsay
Michael Lindsay, a former director at Schroder Saloman Smith Barney, is to head up the real estate financing advisory practice at KPMG Corporate Finance.
Lindsay founded and led the real estate finance team at Schroders. He has handled a number of big deals including the £2.3bn sale of BT’s UK real estate business and financing of Arcadia’s Oxford Circus flagship store.
Grant Thorton corporate finance has been instrumental in the £33.2m acquisition of the musical instrument division of Boosey & Hawkes. Rutland Fund Management raised £14.6m of the total and the balance came from debt raised with the Royal Bank of Scotland. Grant Thornton corporate finance partner David Ascott said: ‘This IBO perhaps typifies the current market, with buyouts taking longer to complete as investors seek to confirm their understanding of the underlying business.’