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A firm combining expertise in equity, debt, real estate and financial services was launched by four finance heavyweights.
Debretts Private Finance will provide a range of services to business owners looking to sell their entity, or those looking to acquire or invest, enabling them to conduct efficient transactions.
Debretts Private Finance is led by Darryl Eales, Russell Martin, David Totney and James England, all of whom have extensive expertise in facilitating larger transactions associated with the sale of a business, management buyout or acquisition.
Debretts Private Finance is based in the heart of Birmingham’s financial district, on Cornwall Street, and is part of the ARMCo network of specialists providing access to financial, tax and specialist risk and insurance services.
Eales said: “The pandemic has provided a catalyst for people to rethink their life plans, and business owners who may have thought or planned exit strategies are considering moving their plans forward as they pursue. a different lifestyle or early retirement. . At the same time, many are looking to seize the opportunities that the current enormous economic change is bringing at a rapid pace. In order to ensure that companies looking to sell get the value they need from their entity and that management teams looking to buy out can access the financing they need, specialist help is required.
“But while there are existing companies offering these services, in many cases the process can be long and expensive. As this goes on, business owners can end up losing their eyes, impacting the performance of the business and its final sale price. Efficiency is paramount to avoid this, and the combined expertise offered by Debretts Private Finance means that efficiency and transparency come first, delivering the best outcome for all parties involved, ”he added.
Debretts Private Finance builds on the 250-year legacy of Debretts – a leading label authority and one of the UK’s best-known private finance providers.
Among the founders of Debretts Private Finance, Eales brings experience gained as CEO, and most recently Advisory Chairman of LDC, the private equity arm of Lloyds Banking Group. England brings corporate finance experience gained from working with companies like Alantra.
Totney has held leadership positions in organizations such as Lloyds Commercial Finance, where he was an executive director of the board, and is an expert in debt and providing corporate finance solutions.
Martin has extensive expertise in real estate and financial services and has held various positions within Lloyds TSB bank.
The firm offers all services associated with the sale and execution of a business buyout, including business reporting, planning and analysis, as well as business valuation and valuation.
As members of the ARMCo group, Debretts clients can access ancillary services that may be required along the way, including specialist loans, business assistance and insurance services, tax advice and risk insurance. specialized.
The company advised the management team of mortgage lender Signature Property Finance (SPF), which was seeking to raise funds for a management buyout.
Debretts Private Finance facilitated the transaction, securing exclusivity with existing investor Cabot Capital – with a corporate valuation of £ 21million – and helped the management team select their new backer, Foresight Group, for this initial amount as well as the future working capital to accelerate growth.
“Debretts has been great working with him on this deal. Balanced, pragmatic and a good negotiator, ”said James Livingston, Foresight Group.