A company combining expertise in equity, debt, real estate and financial services has been launched by four financial heavyweights.
Debretts Private Finance will provide a range of services to business owners wishing to sell their entity, or those wishing to acquire or invest, enabling them to achieve efficient transactions.
Debretts Private Finance is led by Darryl Eales, Russell Martin, David Totney and James England – all with extensive expertise in facilitating the larger transactions associated with a business sale, 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 offering access to finance, tax advice and specialist risk and insurance services.
Eales said: “The pandemic has provided a catalyst for people to rethink their plan for life, and business owners who may have thought about or planned exit strategies are considering bringing 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 huge economic change is bringing with it at a rapid pace. 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 needed.
“But while there are existing companies offering these services, in many cases the process can be time-consuming and expensive. As this drags on, business owners may end up losing sight of the ball, impacting the performance of the business and its final selling price. Efficiency is paramount to avoiding this, and the combined expertise offered by Debretts Private Finance means that efficiency and transparency come first, delivering the best outcome for everyone involved,” he added.
Debretts Private Finance builds on the 250-year heritage of Debretts – a leading authority on etiquette 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 his experience in corporate finance gained from working with companies like Alantra.
Totney has held senior roles in organizations such as Lloyds Commercial Finance, where he was a 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 with Lloyds TSB bank.
The firm offers all services associated with the sale and execution of a buyout, including business reporting, planning and analysis, and business valuation and valuation. ‘business.
As part of the ARMCo Group, Debretts clients can access ancillary services that may be needed along the way, including specialist loans, business assistance and insurance services, tax advice and insurance against specialized risks.
The firm advised the management team of the mortgage company Signature Property Finance (SPF), which was looking to raise funds for a management buy-out.
Debretts Private Finance facilitated the deal, securing exclusivity with existing investor Cabot Capital – with an enterprise valuation of £21m – and helped the management team select their new backer, Foresight Group, for this initial amount plus future working capital to accelerate growth.
“Debretts was great to work with on this deal. Balanced, pragmatic and a good negotiator,” said James Livingston, Foresight Group.