Greenaway Scott advises CoolTherm disposal to Carver Group

By Raspberry Jim,

Business advisory firm Greenaway Scott is “delighted” to have supported the disposal of air conditioning leader CoolTherm to the internationally renowned Carver Group.

The firm’s corporate team, led by associate director Leanne Thomas, facilitated the successful acquisition between two of the leaders in the air system’s market this month.

As part of the deal, Greenaway Scott advised the shareholders at CoolTherm Group Limited and worked alongside the selling team to ensure a successful outcome.

The acquisition follows a period of significant success for shareholders and managers at CoolTherm.

It will also enable the family-run Carver Group, which has 240 years’ of heritage rooted firmly in the Midlands, to progress with its ambitions plans to expand and invest in the heating, ventilation, and air conditioning (HVAC) sectors across both North America and Europe.

They added that the acquisition “demonstrates their intention to create a group offering high quality bespoke products and services to all its customers”.

On the successful acquisition, a spokesman for Carver Group said: “CoolTherm will remain a separate organisation from our current businesses and will continue to operate independently. We believe the acquisition will offer us the opportunity to grow in other directions, both nationally and internationally and will form a key part of our new five-year plan for expansion.

“The CoolTherm ethos is an excellent fit for the Carver Group, being privately owned and focused on delivering exceptional customer service, and we are pleased that the majority of directors will be continuing with the business.”

Associate Director at Greenaway Scott Leanne Thomas, who led the transaction, said it was a privilege to support both business’s aims.

She said: “Greenaway Scott was delighted to act on this deal between two leaders in the Air Systems market, and we wish CoolTherm and the Carver Group all the best for future success. We are sure that we will see CoolTherm continue to thrive under its new ownership structure.”

Greenaway Scott Group appoints new Swansea head to mark ‘hugely successful’ year

By Raspberry Jim,

Multi-disciplinary business advisory firm Greenaway Scott Group has appointed a new head of its Swansea office, topping off a year of “unprecedented” growth.

Leanne Thomas, who is an associate director within the firm, has been appointed to oversee the office, lead the expanding team and continue to drive growth going forwards.

Miss Thomas has been integral to the success of the firm’s Swansea office since she joined in 2017. She is the lead advisor for many of the office’s West Wales based clients, including internationally renowned medical advisory company The Bevan Commission, and has completed numerous lucrative investment rounds and high value corporate transactions.

Since opening its Swansea office at the start of 2017, the Group, which offers bespoke corporate, commercial, employment and intellectual property advice together with corporate finance expertise provided by Group member Verde Corporate Finance has grown both its client base and team significantly.

In recent months, the Swansea team has welcomed five new recruits, taking the Group’s headcount up to over 40, and the Group has represented some of West Wales’ most innovative and growing companies.

This includes marine energy company Bombora Wave Power supporting the development of its revolutionary mWave technology, using its expertise to advise cutting-edge medical technology company Magstim, and continuing to be retained by Trade Centre Wales for the purposes of facilitating dealer/broker agreements and servicing all HR requirements.

On the office’s continued growth and her promotion, Miss Thomas said she was “delighted” to have been appointed and looks forward to leading her team on to even greater success this year.

She said: “I am extremely proud to be heading up the Swansea office and I am keen to continue to drive our strategic plan of growing and strengthening the Greenaway Scott Group.

“The West Wales office that we are building has gone from strength to strength over the past year, and relationships with our clients and businesses in the region continue to grow. The reputation of the Greenaway Scott Group is second to none and has been instrumental in our success, both in terms of acquiring new clients and recruiting talented staff.

“We have welcomed some exceptional clients from the West Wales area and numbers continue to grow.

“Thanks to the unprecedented success we’ve enjoyed this year, Greenaway Scott Group is actively considering other locations for further expansion, so watch this space. Our clients have enjoyed the synergies we can offer by working alongside Verde on a Group-wide basis and, as the only law firm in Wales which can operate as an Alternative Business Structure, we are assessing other business sectors for further diversification of our offering.

“It’s certainly a very exciting time to be part of the Greenaway Scott Group.”

Greenaway Scott celebrates double associate director promotions

By Raspberry Jim,

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Leading business advisory firm Greenaway Scott has made two senior promotions as it celebrates its continued fast paced business growth in 2018.

The award-winning firm has promoted both Lorna Bolton and Leanne Thomas to the role of Associate Director this month.

Ms Bolton and Ms Thomas will assist the directors of the firm in managing and expanding Greenaway Scott’s Commercial and Intellectual Property and Corporate clients across the offices in Swansea, Cardiff, Oxford and London.

Miss Bolton joined Greenaway Scott in 2016 after obtaining extensive in-house commercial legal experience within the aviation and engineering industry.

With her practical skillset and experience she has already made a significant impact on the firm’s commercial contract portfolio.

Ms Thomas has been integral to the success of the firm’s landmark Swansea office since she joined in 2017.

During her time at the Swansea University-based office, she has completed many investment rounds and high value corporate transactions.

On their promotions, Commercial Director Rhian Osborne said the achievement was “extremely well deserved” after both women showed “fantastic dedication”.

She said: “We are thrilled to promote both Lorna and Leanne to the senior positions of Associate Director and we are sure they will continue to be hugely beneficial to Greenaway Scott going forwards.

“Both are highly valued members of staff who have shown the utmost passion, enthusiasm, and commitment to their roles here, so we look forward to seeing them develop and grow even further in the future.”

Their promotions come after the firm added eight new talents to the team earlier this year taking its headcount up to 36 from its standing start five years ago.

The firm, which specialises in offering tailored legal advice to business clients, has welcomed new starters across its Corporate Finance, Commercial Contracts, Employment and Commercial Property Teams.

Management Buyout at Paramount Interiors

By Raspberry Jim,

Untitled design-19Paramount Office Interiors Ltd, one of the UK’s leading workplace design, fit out and furniture specialists has today announced that the business has been acquired by its Management Team in a deal orchestrated by lead advisors Verde Corporate Finance and Greenaway Scott.

The transaction was backed with funding from ABN AMRO Commercial Finance and also follow-in investment from GS Ventures.

Award-winning Paramount Interiors, whose client list includes the Office for National Statistics, ITV, GoCompare, S4C, KPMG, The Royal Mint and the Welsh Rugby Union amongst others, is now aiming to build on the company’s success and explore future expansion plans and new markets.

Managing Director Richard Jones led the management team on the buy-out, having been appointed as MD at the end of 2017 with a vision of ensuring Paramount Interiors fulfils its potential by continuing to achieve year on year growth.

Previous owner Nigel Roberts will remain involved as the non-executive Chairman of Paramount Interiors in addition to his role as Director of Cardiff Parkway Developments Ltd, which earlier this year received the green-light from the Department of Transport for the development of a new business park and railway station at St Mellons in Cardiff.

Dealmakers

The deal was put together by Verde Corporate Finance (finance) and Greenaway Scott (legal). Both advisory businesses are part of the multi-discipline Greenaway Scott Group which also includes GS Ventures who provided follow-in equity investment for the management buyout.

Greenaway Scott Group is the only multi-discipline professional services group in Wales that operates with a law firm and corporate finance lead advisory business within the same office and acting as one team. This multi-discipline approach enables it to provide a full service on transactions covering both the financial and legal elements as a combined and consistent approach.

Managing Director Mr Jones said: “I am very excited about what the future will hold for Paramount, myself and the Management Team as a result of the MBO. We have an exceptional team of people, strengthened by our recent investment in new young talent within our Sales and Design teams, who take a huge amount of pride in working together with our clients to ensure we achieve the highest possible standards.
“The MBO allows us to invest further in our people, our facilities and the service that we provide to our clients to ensure that we continue to be one of the best in our field.

“The support and advice that both Verde Corporate Finance and Greenway Scott have provided throughout the MBO process has been outstanding and I would personally like to thank all involved.”

On the successful MBO of the industry-leading interiors firm, Verde Corporate Finance director Craig Blackmore said it was a “privilege” to assist Richard and his team.

He said: “Paramount Interiors has developed a UK-wide reputation for creating innovative workspaces that transform businesses, so we were delighted to be able to support them as they embark on the next phase of their journey.
“Just like Paramount’s interiors projects, the MBO was well-planned and executed smoothly and efficiently, and will no doubt enable Richard and his team to build on the fantastic work that Paramount Interiors is renowned for. It was a privilege to work
alongside them and we wish them every success.”

He went on to say: “We would also like to put on record our huge thanks to ABN Amro, who have worked swiftly, flexibly and with huge desire to make the project a success. ABN Amro are a great example of what we look for in a funding partner on this type of project.”

Kelvin Thomas, Director, Wales & West Deal Team at ABN AMRO said: “It was a pleasure to work with such a committed management team with a clear strategic vision for moving the business forward. Equally, we were pleased to play our part in such a collaborative team of experts – all of whom put Paramount’s needs at the heart of our delivery.”

Nigel Greenaway, director of Greenaway Scott, echoed  Mr Blackmore’s sentiments.

He said: “We were delighted to assist Richard and the Management Team at Paramount, and also have shown our belief in the exciting future of the business by making a follow-in equity investment via GS Ventures into Paramount as part of the management buyout process.”

Leading medical technology firm appoints Greenaway Scott

By Raspberry Jim,

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A Whitland-based cutting-edge medical technology company, which develops nerve stimulation and monitoring equipment, has appointed business advisory firm Greenaway Scott as it sets its sights on success in America.

Magstim, a world leader in developing neurostimulation equipment, has instructed the award-winning firm’s Swansea office to provide legal support as it looks to expand sales overseas.

Greenaway Scott, which specialises in the life science and healthcare industries, will support Magstim by providing commercial contract advice as the company expands its operations and enters into new business partnerships to continue to develop its technology.

Gareth Davies, Group CFO, said they were delighted to be working with Greenaway Scott.

He said: “Greenway Scott was a natural choice – as a global business we needed a firm that is responsive, knowledgeable and that understands the healthcare sector. The team at Greenaway Scott deliver on all three.

“They take time to understand your business and work flexibly to ensure your needs are met.”

When the company was founded in 1990, its devices were primarily used as a research tool by neuroscientists seeking to understand how the brain’s pathways are connected. Their work has yielded important insights into the diagnosis and treatment of conditions including multiple sclerosis, motor neurone disease and spinal injury. Now, the company has its devices cleared by the FDA for treatment of major depressive disorder and is seeing significant demand in the US healthcare market.

Commercial director at Greenaway Scott, Rhian Osborne, said it was a privilege to be working with a company which has the potential to make such a significant impact on the lives of people globally.

She said: “Magstim are recognised as leaders in the medical technology industry and we are thrilled to be able to assist them as they develop their revolutionary TMS device.

“Their technology has the potential to change the lives of millions of people suffering with disorders including Depression, Multiple Sclerosis and Motor Neurone Disease.

“As such it is our privilege to work with Magstim to help achieve its commercial aims and expand its sales across the UK and America.”

New Verde CF director to ‘drive continued growth’

By Raspberry Jim,

An industry-leading accountant with two decades experience in the financial industry has been appointed as director of corporate finance boutique Verde Corporate Finance (CF).

Craig Blackmore, who joined the company as a consultant in July 2017, has been promoted to the senior role due to his input during the last six months.

Verde CF, which is part of the Greenaway Scott Group, specialises in providing advice around mergers and acquisitions, business finance and growth capital.

Mr Blackmore has over two decades of experience in the business sector as a commercially driven accountant.

Principally trained with Deloitte, an international accounting firm, he acted as a director in a mid-tier accounting practice, before moving on to take up executive and non-executive financial director positions with a number of SME businesses.

Mr Blackmore will lead Verde whilst also maintaining his roles as CFO at Global Welsh, a not for profit company whose aim is to connect the international diaspora of Wales, whilst continuing to coach on the Accelerated Growth Programme.

The role at Verde is an extension of his proven desire to connect with fast tracked and developing businesses throughout Wales and further afield internationally.

During his time at Verde CF, he has worked alongside commercial law firm Greenaway Scott, which is also part of the GS Group, in a strategic and collaborative partnership to combine services that provide a multi-disciplinary team solution. This one stop shop for corporate advisory is unique in Wales.

On his appointment Mr Blackmore said: “I am delighted to step up to the role as a director of Verde Corporate Finance, and very much look forward to working with co-director director Nigel Greenaway and integrating Verde within the wider Greenaway Scott Group.

“Verde Corporate Finance has seen solid growth over the past year, acting on a number of interesting transactions including MBO’s and growth funding.

“It has been a privilege to contribute to its growth over the past six months along with our talented team. I am excited to take on this new role and look forward to working towards driving further growth in Verde CF in 2018.”

Director of Greenaway Scott, Nigel Greenaway, said Mr Blackmore’s appointment would provide a more in depth and expert service for Verde CF’s growing client base and to build on the solid start since its inception in 2017.

He said: “Craig has been phenomenal in his role as consultant since starting at Verde CF last year. As such we were delighted to appoint him to the role of director to help drive Verde’s continued business ambitions even further this year. We look forward to working with him to make this a fantastic offering supporting businesses across the UK.”

Verde has also welcomed Joanna Porgozelska, who will act as a financial analyst for the corporate advisory firm. Director of Verde Craig Blackmore said he was thrilled to welcome Ms Porgozelska to the team.

He said: “The addition of Ms Porgozelska to the team reinforces the impressive growth that Verde has seen this year. We look forward to working with her on future projects and we are sure her experience will strengthen our offering.”

Verde Corporate Finance operates as an advisory boutique within the Greenaway Scott Group, a multi-disciplinary professional advisory business within the mergers and acquisition sector.

 

Greenaway Scott acts on over £100m worth of deals

By Raspberry Jim,

A leading Cardiff business advisory firm has acted on over £100 million worth of lucrative deals over the past year, it has been revealed.

Award-winning Greenaway Scott has achieved the impressive results after working on a number of high-profile disposals, management buy outs, and acquisitions, with the combined deals achieving an aggregate value in excess of £100 million.

The firm, which offers commercially considered legal advice across a range of sector specialisms, advised over 13 fast-growing companies including Imspex Diagnostics, TrakCel, Flexicare Medical, and CoolTherm during this period.

Its most recent significant deal saw the firm, led by managing director Nigel Greenaway, take a major step into the digital currency market, advising world leading BitCoin trader Vaultoro.

With help from Greenaway Scott’s corporate team, the Bitcoin leader was able to successfully secure a seven figure investment from German-based company Finlab AG. The major funding boost will enable Vaultoro to expand its offering to incorporate additional currencies into its real-time trading platform.

On the landmark achievement for the Cardiff-based team Mr Greenaway said: Greenaway Scott is proving to be a leading business advisory force not just across Wales, but across the international business market with these figures proving to be a testament to the hard work of our specialist teams.

Our focus this year has been to expand our offering and explore diverse international markets which provide enhanced growth opportunities for us. In respect of the Vaultoro deal, we feel this has undoubtedly been achieved, and we are delighted to have assisted them in securing this seven figure sum.

Thanks to our success this year, we are now planning ahead for further growth in 2018, with the aim of researching further opportunities in fast-growing markets such as Bitcoin. Constant re- evaluation of our offering and growth is vital to ensure we continue to meet our clients’ needs, while staying on top of industry trends.

We look forward to the opportunities that lie ahead for us in the next year.

Sustainable technology leader appointed to Greenaway Scott Group Board

By Raspberry Jim,

Sustainable technology leader Suzannah Bourne has been appointed to the board of progressive Cardiff advisory group Greenaway Scott.

The co-founder of Nemein, which develops technologies to enhance the safety of downhole oil and gas exploration, will join the firm as a non-executive director this month.

Ms Bourne is a qualified mechanical engineer who has been recognised among The Manufacturer’ Top 100 role models as one of the UK’s dynamic leaders and innovators in manufacturing.

She will join the board of Greenaway Scott Group, which currently includes chairman Peter Wright; CEO Nigel Greenaway; corporate director Matt Sutton; commercial director Rhian Osborne; and finance director Anthony Milford.

Mr Greenaway, founder of the advisory firm, which provides legal and business finance advice across the life science, technology, pharmaceutical and IT sectors via group companies Greenaway Scott and Verde Corporate Finance, said they were delighted to have a non-executive director with such specialist business acumen join the board.

He said: “Suzannah’s focus and impressive business sense are qualities we have long admired at Greenaway Scott and we are delighted to have her on the board.

“Her passion for the sustainable technology sector has driven the undeniable success of Nemein and she will undoubtedly be an asset at Greenaway Scott.

“We would like to officially welcome her to the board, and we look forward to working with her going forwards.”

Ms Bourne has run Nemein for four years making her mark on the sustainable technology energy sector. Before this she co-founded and built Guardian Global Technologies.

On her appointment, she said: “I am delighted to be invited to join the board of such a dynamic and industry-leading organisation and excited to work with Nigel and the team going forwards.”

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Greenaway Scott celebrates Cardiff Business Award win – its second this year

By Raspberry Jim,

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The director of industry-leading business advisory firm Greenaway Scott is “delighted” to celebrate their second award win this year.

Director of the firm Matt Sutton said it was a privilege to be recognised alongside some of Wales’s top companies at the Cardiff Business Awards 2017.

The annual awards, which took place at City Hall, recognise companies and businesses across Wales which have made a significant contribution and enjoyed success over the past 12 months.

Greenaway Scott received the Financial and Professional Services Business of the Year accolade thanks to its significant achievements during this period.

Over the last year the firm, which offers commercially considered legal advice across a range of sector specialisms, has recorded unprecedented growth of almost 100 per cent.

During the year, it acted on a record number of lucrative deals with a combined value in excess of £130 million and expanded its property portfolio moving into a bigger HQ story in Cardiff and establishing a new Swansea office.

It also took the innovative step of adopting an Alternative Business Structure (ABS), allowing it to operate within a multi-disciplinary group structure.

Thanks to this, the firm also scooped a Cardiff Life Awards earlier this year in the Legal and Financial category.

Collecting the award on behalf of the firm, Mr Sutton said: “We are delighted to have been named as the Financial and Professional Services Business of the Year at this year’s Cardiff Business Awards.

“To be recognised among such an inspirational group of professionals is humbling and we would like to congratulate them all on their nominations.

“This award means a great deal to our firm, which has enjoyed a level of growth and success over the past year that we are extremely proud of.

“Our team of talented lawyers has worked exceptionally hard to help us achieve our ambitious aims. Thanks to their determination we have expanded our presence across Wales and the south of England, and acted on a record number of deals.

“I’d like to thank them for their dedication, without which we would not have received this award.”

Greenaway Scott makes two senior appointments to new Swansea office

By Raspberry Jim,

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Greenaway Scott has made two senior appointments at its recently launched Swansea office.

The award-winning firm has welcomed Leanne Thomas and Aimee Thomas to the new office, which was established earlier this year within the heart of Swansea University’s multimillion-pound Bay Campus.

Leanne joins Greenaway Scott from Eversheds Sutherland, where she worked as a corporate solicitor. She will lead the corporate team at the new Swansea office in the senior role of associate director.

Aimee, has joined the Swansea team from Capital Law. She will work with the corporate team and has joined as a corporate support lawyer with a focus on commercial property.

They will be joining IP lawyer Rhys ap Gwent, corporate commercial executive Catherine James, and commercial and IP lawyer Chelsea Parker, alongside Rhian Osborne who leads the Swansea office.

The office opening marks an “exciting new phase for the firm,” which already has offices in Oxford and Cardiff, according to senior director and co-founder of Greenaway Scott, Rhian Osborne.

She said: “We are thrilled to be adding to the wealth of talent in the Greenaway Scott family, and would like to formally welcome our new recruits to the team. We believe they will be an asset within the new office and will certainly strengthen our offering.”

Miss Osborne, who obtained a Neuroscience degree and Graduate Diploma of Law from Swansea University, added that she was thrilled to be taking on the new challenge.

Greenaway Scott provides corporate, commercial and intellectual property advice to companies, with particular sector specialisms in the life science, technology, pharmaceutical and IT sectors.

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