GCA Altium Manchester acts on five deals worth over £1bn within two weeks

The Manchester team at investment bank GCA Altium has completed five deals, together worth more than £1bn, in the space of two weeks.

The firm’s North West staff advised Vitruvian on its acquisition of travel business Travel Counsellors; led on the £217m IPO of LDC-backed game developer Team17; and acted on the £88m sale of Warrington-based materials procurement company IESA to £3bn-market cap Electrocomponents.

GCA Altium’s Manchester office also advised appliances supplier JLA on its sale to PE house Cinven and advised investors NorthEdge on the acquisition of tool distributor Cutwel.

Phil Adams, chief exec at GCA Altium, said: “Our business has huge momentum currently, and what is particularly pleasing is that these particular deals illustrate the full range of our expertise, including IPOs, buyside and sell side private equity transactions, debt advice and global trade deals.”

GCA Altium was formed in 2016 through the merger of GCA Savvian and Altium.

Last year, the company advised on over 50 deals in Europe.