Member Article

Four deals in four days for Grant Thornton

Grant Thornton’s corporate finance advisory team has been very busy, completing four deals in four days, including a number of household Yorkshire names.

Firstly, the team advised the management team of the UK’s leading restaurant discount card clubs, tastecard and the Gourmet Society, on an MBO backed by Bridgepoint Development Capital (BDC). BDC is part of the European private equity firm that also has stakes in Pret a Manger and Zizzi amongst its portfolio.

The second deal of the week saw the team advising Northallerton based, family-owned business The Kerfoot Group on its sale to The Avril Group, a French industrial and financial leader in the oilseeds and proteins sector.

The third deal of the week was Synarbor, a Sheffield-based education recruitment business supplying predominantly temporary teachers, teaching assistants and support staff to primary and secondary schools. The business has received a recommended takeover from Sovereign Capital, a private equity firm which was advised by Grant Thornton.

Finally, the Grant Thornton corporate finance team advised longstanding client, Armstrong Massey on the sale of its Land Rover dealership to one of the largest franchise motor retailer groups in the UK.

Richard Goldsack, head of the Grant Thornton corporate finance team in Leeds, said: “Grant Thornton are proud to have worked on these deals and assist high quality Yorkshire companies achieve their goals.” He added: “The market for transactions in Yorkshire remains strong and we’re expecting to see high deal volumes continue across a variety of sectors into 2016.”

This was posted in Bdaily's Members' News section by Emma Kilmurray .