FRP ADVISORY has acquired Litmus Advisory, adding three debt advisory partners in the process.
The trio of Dave Edwards, Nick Grainger and Andy Dimmock, will join FRP Advisory as partners in the firm’s London office and will continue to provide advice to borrowers across the UK, US and European on the structuring of debt facilities and who are likely to use asset based lending.
They boast experience in a range of sectors and over the last five years have been involved in over 80 transactions with a combined lending value of around £1bn, and in the past 12 months, have sourced, structured and arranged over £150m of debt in a variety of trading sectors.
The trio’s arrival as partners at FRP Advisory complements the rest of the firm’s breadth of experience in offering business advisory solutions across industry sectors, often at points of business critical change for management.
FRP said Litmus’ core assignments have typically involved raising funds of between £5-10m, with a sweet spot of between £10-50m, refinance existing funding arrangements or to provide acquisition finance and working capital for primarily sponsor-backed corporate finance transactions.
Richard Oddy, Casper Kaars Sijpesteijn and Rory Goldthorpe have been appointed to senior roles in key sectors of high growth, with a further 17 junior and experienced hires
UK government should support mid-sized businesses to create a ‘new economy’ post-Brexit, says BDO report
Mid-sized British firms are currently growing faster and generating more profit than their counterparts in Germany, France, Italy and Spain, despite uncertainty surrounding Brexit, says the report
Richard White, Nicola Westbrooke and Richard Ross all join from KPMG, where they oversaw the real estate tax practice
Sheryl Davis joins the firm's High Wycombe office from Barnes Roffe