Tenon launches corporate finance arm
Tenon, the UK's largest accountancy consolidator, has this week launched its corporate finance arm specialising in deals worth between £3m and £100m.
Tenon Livingstone Guarantee, as it will be known, was formed by the merger of Livingstone Guarantee, DHD Corporate Finance, Latham Corporate Transactions, Tenon Corporate Finance and two corporate finance teams in the East Midlands, formerly part of a Top 10 accountancy firm.
Tim Lyle, former partner at Livingstone Guarantee, has been appointed managing director of TLG.
Lyle said: ‘TLG fundamentally changes the landscape of mid-market corporate finance in the United Kingdom. TLG fills the vacuum for expert corporate finance advice left by the withdrawal of the City investment banks from sub-Pounds 100m deals.’
The Tenon Group, now a top ten accountancy firm, acquired Livingstone Guarantee, DHD Corporate Finance and East Midlands-based corporate finance teams in October 2001.