Despite the turbulent economic landscape and fall of M&A activity across the UK, PEMCF worked on over £350m worth of projects during the 12 months to March 2024, advising over 40 clients on company transactions, financial due diligence reports, valuations, capital fundraisings and strategic reviews.
Between April 2023 to March 2024, PEMCF’s exceptional deal volume resulted in an increase in fee income of 30% from the previous financial year. The Cambridge-based team advised clients from across a range of sectors including (but not limited to) specialist engineering, manufacturing, facilities management, IT services, life sciences, and professional services.
Completed deals include the sale of Papworth-based specialist manufacturer Supply Plus to Swedish consolidator Lagercrantz Group AB, the acquisition of SaaS provider DisplayNote Technologies by Constellation Group’s subsidiary Kinetic, the sale of St Ives-based specialist engineering business Orbital Fabrications to Swedish industrials group Bergman & Beving, the MBO of supply chain consulting firm Prestige Purchasing, the sale of Cambridge-based HVAC specialists Adcock Refrigeration and Air Conditioning to national construction group Bowmer and Kirkland Ltd, and the sale of legal specialists Shoreside Law to Davies.
Investment for the future has followed PEMCF’s strong performance, with the promotions of James Lewin and Cameron Rothwell to manager and assistant manager respectively, as well as the recruitment of Ellie Rochira as analyst. The team has also welcomed the addition of Joshua Adu, a qualified ACA and CFA level one holder, who has joined from KPMG.
Partner and head of PEMCF Philip Olagunju said:
"our record-breaking year is a testament to the dedication, hard work, expertise and excellence of our team, and our recent appointments reflect our commitment to further nurturing talent and fostering a culture of growth.
Despite the economic challenges of the past year, our performance underpins our strong positioning in our chosen markets. We remain committed to delivering exceptional results for our clients, and have continued to build a strong pipeline of projects for the rest of 2024 and beyond.
I’m grateful not only to my team and the clients we’ve worked with but my colleagues across the various PEM teams, as well as the wonderful intermediary friends of the firm.”
The PEMCF team is looking forward to this coming financial year as they celebrate their 20th year of trading as an autonomous division of PEM.
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