LGC, owned by venture capital firm 3i and the company’s management, was acquired for £5m on privatisation in 1996. Legal & General Ventures, Barclays Private Equity and HgCapital have each made bids of up to £80m.
Cowgill Holloway, a Bolton-based chartered accountant, has finalised a £1.4m investment package to secure the future of Preston-based auto parts manufacturer Leyland Auto and Electrical Diesel. KPMG corporate recovery acted as administrator for the firm. Manchester’s City invoice finance is acting as lead investor for the buy-in.
The corporate finance faculty of the ICAEW is celebrating after Nicholas Marsham, of Lovewell Blake Chartered Accountants, became the faculty’s 5,000th member. More than 70 financiers have joined over the past month following a successful mid-year campaign.
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team
UK M&A activity bounced back strongly in July and August, according to analysis by the deals practice at PwC.
Smith & Williamson has added Jim Clark and Philip Marsden, of Marsden Clark Corporate Finance Limited, to its corporate finance team.