Greenway Scott advises on global medical device acquisition

By Raspberry Jim,

Cardiff’s award-winning Greenaway Scott has facilitated the acquisition of an international medical device company helping to create a “significant” new presence in the global maternity industry.

The business advisory firm has supported American medical device company Clinical Innovations in its acquisition of German developer Brenner Medical GmbH.

The deal, completed via Clinical Innovations Europe, will see the labour and delivery-focussed equipment business expand on its international presence to help support more expectant mothers across Europe.

Thanks to the deal, Clinical Innovations will also be able to capitalise on the extensive gynecology product network developed by Brenner, and broaden its commercial reach to enjoy further success across the industry.

Matt Sutton, director of corporate at Greenaway Scott, which specialises in supporting companies in the science, technology, pharmaceutical and IT sectors, headed an international team of advisors along with Dr Steffen Fritzsche, of Gruendelpartner.

On the deal Mr Sutton said: “Greenaway Scott was pleased to assist in the acquisition of Brenner Medical GmbH by Clinical Innovations Europe.

“The acquisition, which we worked alongside Gruendelpartner on, was carried out extremely effectively and efficiently to ensure the best outcome for both businesses.

“This is an intelligent move by Clinical Innovations which will enable them to grow and expand across Europe and the global medical community.

“We wish them every success as they go forward with the growing business.”Untitled design-2

 

Leading business experts launch ‘exciting’ Cardiff advisory firm

By Raspberry Jim,

Leading business experts launch ‘exciting’ Cardiff advisory firm

Two of Cardiff’s leading corporate finance experts have joined forces to create an innovative advisory boutique supporting the region’s fastest growing businesses.

Founder and director of leading business advisory firm Greenaway Scott, Nigel Greenaway, has teamed up with financial stalwart Tom O’Brien to launch their new company Verde Corporate Finance.

The new joint venture will see both Mr Greenaway and Mr O’Brien combining their extensive industry expertise to help support the fast-growth business sector from start-up right through to development.

Verde Corporate Finance will operate as an advisory boutique within the Greenaway Scott Group, with the award-winning Cardiff-based firm taking a 51 per cent stake in the new joint venture.

Heading up the project is experienced corporate finance manager Tom O’Brien, who will act as lead advisor for the business. Mr O’Brien was previously corporate finance manager at award-winning Top 15 Group of UK Chartered Accountants UHY Hacker Young, after acting as acquisitions director for design practice HLN Group.

On the launch of the venture, Mr Greenaway, whose firm recently claimed the top Legal and Financial prize at the 2017 Cardiff Life Awards, said the launch marked the beginning of an “exciting new phase” for the business.

He said: “We are delighted to have partnered with Tom O’Brien to launch this exciting new venture which we feel will fit perfectly within the Greenaway Scott brand.

“Tom’s experience within the corporate finance industry is extremely impressive and something we feel will undoubtedly strengthen and add value to our new offering.

“Verde Corporate Finance will offer expert advice to a niche fast-growth business sector in Wales offering vital support to all levels of companies from start ups right through to established brands.

“We are delighted to welcome Tom to the Greenaway Scott family and look forward to taking this successful venture forward.”

The move comes after an already thriving period for Greenaway Scott, which provides corporate, commercial and intellectual property advice to companies across the life science, technology, pharmaceutical and IT sectors.

The Cardiff-based firm recently celebrated after receiving approval from the Solicitors Regulation Authority (SRA) to alter its structure to an Alternative Business Structure (ABS).

This will allow the thriving firm to operate within a group structure as a multi-disciplinary practice delivering other professional services, alongside its legal activity, in the future.

Greenaway Scott has also enjoyed unprecedented growth of 130 per cent over the past year with turnover soaring to an impressive £1,020,000 and staff numbers rising to 25.

Mr Greenaway added: “We look forward to watching the growth of Verde Corporate Finance throughout the year and seeing what exciting developments it brings.”